The Thomas B and Michael F Barnett
The Thomas B and Michael F Barnett is a private foundation, based in Mobile, AL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $648K in total assets. In 2025, it awarded 4 grants totaling $56K. Net investment income was $14K.
The Thomas B and Michael F Barnett at a glance
In short: The Thomas B and Michael F Barnett gave $56K across 4 grants in 2025 (avg $14K), mostly in Alabama. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $56,080
- +1.8% vs 2024
- Grants made (2025)
- 4
- +33.3% vs 2024
- Average grant
- $14,020
- -23.6% vs 2024
- Median grant
- $5,000
- Total assets
- $647,759
- -5.6% vs 2024
- Primary geography
- Alabama (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Thomas B and Michael F Barnett funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was St Michaels Catholic School ($45K). Together the top 4 received $56K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How The Thomas B and Michael F Barnett gives
- Giving grew 71% from 2022 to 2025. Method
- In 2025 it paid out 169% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $10K (2020) to $56K (2025). In 2025 it made 4 grants totaling $56K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Michaels Catholic School Fairhope, AL | Charitable Donation | $44,580 |
| First Light Community of Mobile Mobile, AL | Charitable Donation | $6,000 |
| Catholic Social Services Mobile, AL | Charitable Donation | $4,000 |
| Mobile Law Enforecement Foundation Mobile, AL | Charitable Donation | $1,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $647,759 | $31,679 | $70,134 | $56,080 | 4 | $56,080 | $13,865 | $33,227 |
| 2024 | $686,214 | $25,267 | $69,119 | $55,072 | 3 | $55,072 | $4,993 | $1,286 |
| 2023 | $730,064 | $-1,531 | $64,879 | $49,000 | 2 | $49,000 | $1,932 | $39,197 |
| 2022 | $796,979 | $18,443 | $47,147 | $32,800 | 2 | $32,800 | $9,829 | $44,603 |
| 2021 | $825,683 | $72,796 | $60,947 | $40,600 | 4 | $40,600 | $51,560 | $51,449 |
| 2020 | $813,816 | $9,451 | $24,196 | $10,100 | 2 | — | — | $43,451 |
Under IRS private-foundation payout rules, The Thomas B and Michael F Barnett reported a distributable amount of $33K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Thomas B and Michael F Barnett's only listed officer is Oakworth Capital Bank, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Oakworth Capital Bank
Trustee
On filings since 2020
1 hr/week
$6K (2020) → $6K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $6K, to Oakworth Capital Bank (Trustee).
Frequently asked questions about The Thomas B and Michael F Barnett
How much does The Thomas B and Michael F Barnett give each year?
The Thomas B and Michael F Barnett gave $56K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $55K across 3 grants.
What is The Thomas B and Michael F Barnett's typical grant size?
The Thomas B and Michael F Barnett's median grant in 2025 was $5,000, and its average grant was $14,020, across 4 grants on its 2025 IRS Form 990-PF.
Where does The Thomas B and Michael F Barnett give grants?
The Thomas B and Michael F Barnett gives mostly in Alabama: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Mobile, AL (3 grants).
Does The Thomas B and Michael F Barnett give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on The Thomas B and Michael F Barnett's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Donation" (4 grants).
How large is The Thomas B and Michael F Barnett?
The Thomas B and Michael F Barnett reported $648K in total assets on its 2025 IRS Form 990-PF. It paid out $56K in qualifying distributions that year, against a required minimum of $33K (roughly 5% of its investment assets).
What is The Thomas B and Michael F Barnett's EIN?
The Thomas B and Michael F Barnett's EIN (Employer Identification Number) is 63-6159417. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 30, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
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