TWL Foundation
TWL Foundation is a private foundation, based in Metairie, LA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.7M in total assets. In 2024, it awarded 8 grants totaling $371K. Net investment income was $262K.
TWL Foundation at a glance
In short: TWL Foundation gave $371K across 8 grants in 2024 (avg $46K), mostly in Alabama. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $371,000
- +48.1% vs 2023
- Grants made (2024)
- 8
- +14.3% vs 2023
- Average grant
- $46,375
- +29.6% vs 2023
- Median grant
- $11,000
- Total assets
- $3,702,647
- -2.7% vs 2023
- Primary geography
- Alabama (73% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who TWL Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Faulkner University ($261K). Together the top 8 received $371K.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 28 grants of 34 (82%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How TWL Foundation gives
- Giving grew 118% from 2021 to 2024. Method
- In 2024 it paid out 159% 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 2024, annual grant giving ranged from $170K (2021) to $371K (2024). In 2024 it made 8 grants totaling $371K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Faulkner University Montgomery, AL | Education Grant | $261,000 |
| Hickory Knoll Church of Christ Harahan, LA | General | $40,000 |
| Spring Meadows Church of Christ Spring Hill, TN | General | $35,000 |
| Metropolitan Crime Commission of No New Orleans, LA | General | $15,000 |
| Mount Dora Christian Home Mount Dora, FL | General | $7,000 |
| Lads to Leaders Montgomery, AL | General | $6,000 |
| Unversity Church of Christ Montgomery, AL | General | $5,000 |
| Georgia Christian School Valdosta, GA | General | $2,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,702,647 | $319,416 | $422,848 | $371,000 | 8 | $371,000 | $261,793 | $233,943 |
| 2023 | $3,806,079 | $44,561 | $308,749 | $250,500 | 7 | $250,500 | $77,516 | $228,756 |
| 2022 | $4,070,267 | $130,313 | $381,398 | $331,000 | 7 | $331,000 | $66,119 | $242,557 |
| 2021 | $4,321,352 | $273,953 | $213,891 | $170,000 | 6 | $170,000 | $229,092 | $263,477 |
| 2020 | $4,261,290 | $44,393 | $268,207 | $225,000 | 6 | — | $62,629 | $241,145 |
Under IRS private-foundation payout rules, TWL Foundation reported a distributable amount of $234K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
TWL Foundation is led by W. Harrell Freeman, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
W. Harrell Freeman
President
On filings since 2020
No compensation reported
Carlton L. Freeman
Secretary
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about TWL Foundation
How much does TWL Foundation give each year?
TWL Foundation gave $371K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $251K across 7 grants.
What is TWL Foundation's typical grant size?
TWL Foundation's median grant in 2024 was $11,000, and its average grant was $46,375, across 8 grants on its 2024 IRS Form 990-PF.
Where does TWL Foundation give grants?
TWL Foundation gives mostly in Alabama: 73% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Louisiana (15%) and Tennessee (9%). The most frequent recipient cities were Montgomery, AL (3 grants).
Does TWL Foundation give general operating support?
Yes: 88% of TWL Foundation's 2024 grants with a stated purpose (7 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are TWL Foundation's largest grantees?
TWL Foundation's largest 2024 grantees include Faulkner University ($261,000), Hickory Knoll Church of Christ ($40,000) and Spring Meadows Church of Christ ($35,000), according to its 2024 IRS Form 990-PF. Together they received 91% of its itemized 2024 grant dollars.
How large is TWL Foundation?
TWL Foundation reported $3.7M in total assets on its 2024 IRS Form 990-PF. It paid out $371K in qualifying distributions that year, against a required minimum of $234K (roughly 5% of its investment assets).
What is TWL Foundation's EIN?
TWL Foundation's EIN (Employer Identification Number) is 72-1306709. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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