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 2024. As of 2024, the organization holds $686K in total assets. In 2024, it awarded 3 grants totaling $55K. Net investment income was $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$686K
-6.0% YoY
Annual Giving
$55K
+12.4% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$18K
-25.1% YoY
Under IRS private-foundation payout rules, The Thomas B and Michael F Barnett reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
About The Thomas B and Michael F Barnett
Based on IRS filings
The Thomas B and Michael F Barnett is a private foundation, based in MOBILE, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $686K in total assets. In 2024, it awarded 3 grants totaling $55K. Net investment income was $5K.
Ready to take the next step with The Thomas B and Michael F Barnett?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $686,214 | $730,064 | $796,979 |
| Revenue | $25,267 | $-1,531 | $18,443 |
| Expenses | $69,119 | $64,879 | $47,147 |
| Qualifying Distributions | $55,072 | $49,000 | $32,800 |
| Net Investment Income | $4,993 | $1,932 | $9,829 |
| Distributable Amount | $1,286 | $39,197 | $44,603 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Michaels Catholic School ($43,680), St Mary Catholic School ($10,192), First Light Community of Mobile ($1,200).
| Recipient | Purpose | Amount |
|---|---|---|
| ST MARY CATHOLIC SCHOOL MOBILE, AL | CHARITABLE DONATION | $10,192 |
| FIRST LIGHT COMMUNITY OF MOBILE MOBILE, AL | CHARITABLE DONATION | $1,200 |
| ST MICHAELS CATHOLIC SCHOOL FAIRHOPE, AL | CHARITABLE DONATION | $43,680 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| OAKWORTH CAPITAL BANK | TRUSTEE | 1 | $6,000 |
Frequently Asked Questions
How large is The Thomas B and Michael F Barnett?
As of 2024, The Thomas B and Michael F Barnett holds $686K in total assets with $25K in annual revenue. It awarded 3 grants totaling $55K in 2024.
Where does The Thomas B and Michael F Barnett operate?
The Thomas B and Michael F Barnett has awarded grants in Alabama.
What size grants does The Thomas B and Michael F Barnett award?
In 2024, The Thomas B and Michael F Barnett awarded 3 grants totaling $55K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is The Thomas B and Michael F Barnett required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Thomas B and Michael F Barnett reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.