William Griffin Besant Memorial

TUSCALOOSA, AL EIN: 85-4370241

William Griffin Besant Memorial is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TUSCALOOSA, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 6 grants totaling $51K. Net investment income was $35K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.1M

+21.0% YoY

Annual Giving

$51K

+37.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$9K

+37.8% YoY

Under IRS private-foundation payout rules, William Griffin Besant Memorial reported a distributable amount of $56K for 2024 — the minimum it must pay out in qualifying distributions.

About William Griffin Besant Memorial

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Alabama $145K (90%)

Tennessee $16K (10%)

States

Alabama Tennessee

Cities

CokerEldridgeGadsdenMemphisMountain BrookTuscaloosaVermontVinemont

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,107,720	$915,483	$675,057
Revenue	$270,855	$288,096	$95,815
Expenses	$63,999	$47,670	$49,784
Qualifying Distributions	$51,000	$37,000	$42,000
Net Investment Income	$35,355	$18,265	$25,915
Distributable Amount	$56,468	$42,913	$36,046

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

23 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Cystic Fibrosis Foundation ($26,000), Big Oak Ranch ($5,000), Eagle's Wings ($5,000).

Recipient	Purpose	Amount
Big Oak Ranch Gadsden, AL	General Operations	$5,000
Cystic Fibrosis Foundation Mountain Brook, AL	General Operations	$26,000
Eagle's Wings Coker, AL	General Operations	$5,000
St Jude's Memphis, TN	General Operations	$5,000
Sendme Refuge Inc Vermont, AL	General Operations	$5,000
Free Will Baptist Children's Home Eldridge, AL	General Operations	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Richard H Besant	President	1	—
Richard W Besant	Vice-President	1	—
Susan K Besant	Secretary	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is William Griffin Besant Memorial?

William Griffin Besant Memorial is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TUSCALOOSA, AL. It holds $1.1M in total assets as of 2024.

How large is William Griffin Besant Memorial?

As of 2024, William Griffin Besant Memorial holds $1.1M in total assets with $271K in annual revenue. It awarded 6 grants totaling $51K in 2024.

Where does William Griffin Besant Memorial operate?

William Griffin Besant Memorial has awarded grants in Alabama, Tennessee.

What size grants does William Griffin Besant Memorial award?

In 2024, William Griffin Besant Memorial awarded 6 grants totaling $51K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is William Griffin Besant Memorial required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, William Griffin Besant Memorial reported a distributable amount of $56K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is William Griffin Besant Memorial's EIN?

William Griffin Besant Memorial's EIN (Employer Identification Number) is 85-4370241. IRS Form 990 filing data is available on this page for 2020–2024.