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.
Key facts about The Thomas B and Michael F Barnett
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.
- EIN
- 63-6159417
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $56,080
- Grants made (2025)
- 4
- Average grant
- $14,020
- Median grant
- $5,000
- Total assets
- $647,759
- Primary geography
- Alabama (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$648K
-5.6% YoY
Annual Giving
$56K
+1.8% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$14K
-23.6% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 4 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
Grant Size Distribution
15 grants across all recorded years
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $647,759 | $686,214 | $730,064 |
| Revenue | $31,679 | $25,267 | $-1,531 |
| Expenses | $70,134 | $69,119 | $64,879 |
| Qualifying Distributions | $56,080 | $55,072 | $49,000 |
| Net Investment Income | $13,865 | $4,993 | $1,932 |
| Distributable Amount | $33,227 | $1,286 | $39,197 |
Data update history
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)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- 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)
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
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.
Here's the math on researching The Thomas B and Michael F Barnett by hand.
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