Turner Medical Trust is a private foundation focused on Education, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.0M in total assets. In 2024, it awarded 3 grants totaling $790K. Net investment income was $1.1M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.0M
+2.3% YoY
Annual Giving
$790K
+7.0% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$263K
+7.0% YoY
Under IRS private-foundation payout rules, Turner Medical Trust reported a distributable amount of $37K for 2024 — the minimum it must pay out in qualifying distributions.
About Turner Medical Trust
Based on IRS filings
Turner Medical Trust is a private foundation focused on Education, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.0M in total assets. In 2024, it awarded 3 grants totaling $790K. Net investment income was $1.1M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,034,443 | $12,739,914 | $12,957,074 |
| Revenue | $1,198,470 | $642,989 | $587,405 |
| Expenses | $911,144 | $847,699 | $978,777 |
| Qualifying Distributions | $808,479 | $754,893 | $864,904 |
| Net Investment Income | $1,103,709 | $553,760 | $494,356 |
| Distributable Amount | $36,902 | $748,225 | $800,078 |
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
19 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Uab School of Medicine ($501,071), University of South Alabama ($284,260), Houston County Medical Society ($4,182).
| Recipient | Purpose | Amount |
|---|---|---|
| UAB SCHOOL OF MEDICINE BIRMINGHAM, AL | SCHOLARSHIPS | $501,071 |
| HOUSTON COUNTY MEDICAL SOCIETY DOTHAN, AL | GENERAL OPERATING | $4,182 |
| UNIVERSITY OF SOUTH ALABAMA MOBILE, AL | SCHOLARSHIP | $284,260 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| REGIONS BANK | TRUSTEE | 4 | $84,823 |
| CHUCK LEDBETTER DOTHAN CITY SCHOOL | SCHOLARSHIP COMM | 1 | — |
| CHRIS NICHOLLS HOUSTON COUNTY MEDI | SCHOLARSHIP COMM | 1 | — |
| MARK SCOTT HOUSTON COUNTY SCHOOL | SCHOLARSHIP COMM | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Turner Medical Trust?
Turner Medical Trust is a private foundation focused on Education, based in BIRMINGHAM, AL. It holds $13.0M in total assets as of 2024.
How large is Turner Medical Trust?
As of 2024, Turner Medical Trust holds $13.0M in total assets with $1.2M in annual revenue. It awarded 3 grants totaling $790K in 2024.
Where does Turner Medical Trust operate?
Turner Medical Trust has awarded grants in Alabama, Georgia.
What size grants does Turner Medical Trust award?
In 2024, Turner Medical Trust awarded 3 grants totaling $790K — an average of about $263K per grant, based on its IRS Form 990 filings.
How much is Turner Medical Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Turner Medical Trust reported a distributable amount of $37K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Turner Medical Trust's EIN?
Turner Medical Trust's EIN (Employer Identification Number) is 63-6219873. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Turner Medical Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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