Alabama Power Foundation Inc
Alabama Power Foundation Inc is a corporate foundation established in 1989 as the philanthropic arm of Alabama Power Company, an electric utility headquartered in Birmingham. As Alabama's largest corporate foundation, it operates as a 501(c)(3) organization committed to empowering communities and improving quality of life across the state.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$117.9M
-2.9% YoY
Annual Giving
$16.2M
-2.4% YoY
Grant Count
1,240
+3.9% YoY
Avg Grant Size
$13K
-6.0% YoY
Mission & Focus Areas
The Foundation's mission is to elevate the state and improve the quality of life for all Alabamians by empowering communities and bridging gaps of inequity.
The Foundation focuses on five core areas:
- Educational Advancement — K-12 education, STEM programs, workforce development, and support for schools, colleges, and universities
- Civic & Community Development — community life and workforce development initiatives
- Arts & Cultural Enrichment — arts and culture programs
- Health & Human Services — health services and human services programs
- Environmental Stewardship — environmental conservation and protection
Grantmaking
The Foundation has distributed over $200 million in grants to Alabama nonprofits since its establishment. In recent years, it has awarded over 1,000 individual grants annually to local nonprofits.
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Geographic Focus
Where this funder awards grants
The Foundation limits its giving to Alabama, with primary focus on the state. Some grants have been awarded in Georgia and the District of Columbia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $118 million
- Annual Revenue: $12.3 million
- Annual Expenses: $17 million
- Total Liabilities: $4.85 million
Prior Year Data (2023):
- Total Assets: $121.5 million
- Total Revenues: $10 million
- Total Expenses: $22.8 million
The Foundation was created with funds donated by Alabama Power shareholders and receives additional donations.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $117,907,319 | $121,475,169 | $121,987,725 |
| Revenue | $12,299,509 | $10,001,601 | $8,540,330 |
| Expenses | $16,968,413 | $22,817,060 | $20,571,754 |
| Qualifying Distributions | $19,465,174 | $20,321,991 | $19,137,611 |
| Net Investment Income | $12,279,064 | $9,866,219 | $7,828,512 |
| Distributable Amount | $5,947,255 | $6,801,361 | $6,808,795 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
10 open opportunities from Alabama Power Foundation Inc
ABC Trust Community Grant Programs
ALABAMA POWER FOUNDATION INC
Amount
Up to US $500
Deadline
Rolling / Open
Alabama Power Foundation: Champion Grants
ALABAMA POWER FOUNDATION INC
Amount
Up to US $5,000
Deadline
Rolling / Open
Alabama Power Foundation: Elevate Grant
ALABAMA POWER FOUNDATION INC
Amount
Up to US $5,000
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Cindy Cagle — Principal Officer
- Myla Calhoun — Trustee
- Celia H Shorts — Trustee
- Christopher R Blake — Trustee
The Foundation is governed by 18 officers and trustees and employs 12 staff members.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CLAY M RYAN | CHAIRMAN | 0.5 | — |
| STACI B BROOKS | PRESIDENT AND DIRECTOR | 24 | $194,521 |
| AMY B RILEY | VICE PRESIDENT AND SECRETARY | 1 | — |
| RUBY B JACKSON END 62024 | ASSISTANT SECRETARY | 12 | $26,168 |
| CHARLES GORDON III BEGIN 112024 | ASSISTANT SECRETARY | 12 | $5,473 |
| CHRISOPHER R BLAKE | TREASURER & DIRECTOR | 2 | $16,922 |
| WENDY HOOMES | ASSISTANT TREASURER | 1 | $9,651 |
| ANITA D ALLCORN | DIRECTOR | 0.5 | $10,212 |
| MYLA CALHOUN END 32024 | DIRECTOR | 0.5 | — |
| J LEIGH DAVIS | DIRECTOR | 0.5 | — |
| NICOLE FAULK | DIRECTOR | 0.5 | — |
| MOSES FEAGIN | DIRECTOR | 0.5 | $88,450 |
| MONICA GRAVELINE | DIRECTOR | 0.5 | — |
| PATRICK MURPHY JR | DIRECTOR | 0.5 | — |
| JEFFREY PEOPLES | DIRECTOR | 0.5 | — |
| JONATHAN PORTER | DIRECTOR | 0.5 | — |
| QUENTIN RIGGINS | DIRECTOR | 0.5 | — |
| ASHLEY ROBINETT | DIRECTOR | 0.5 | — |
| SCOTT MOORE BEGIN 32024 | DIRECTOR | 0.5 | — |
| LESLIE SANDERS BEGIN 92024 | DIRECTOR | 0.5 | — |
Recent News & Activity
Recent developments and announcements
The Foundation has awarded grants across its focus areas, including:
Alabama Power Foundation grants funding to organizations that protect nature,**Veterans Support:** Since 2021, the Foundation has awarded more than $885,000 to 30 different organizations and municipalities supporting veterans, military service members, and their families
Alabama Power Foundation grants funding to organizations that protect nature,**Environmental Grants:** Recent funding to organizations protecting nature and beautifying the state
Alabama Power Foundation grants funding to organizations that protect nature,**Educational Grants:** Awards to institutions including Faulkner University for equipment
Alabama Power Foundation awards Faulkner University grant for equipment**Recreation Programs:** Power to Play grants supporting community recreation initiatives
Alabama Power Foundation grants funding to organizations that protect nature,The Foundation publishes annual reports highlighting its work, partnerships, and impact across Alabama communities.
Alabama Power Foundation fuels advancement through signature grant programsContact Information
Address: 600 North 18th Street, Birmingham, AL 35291-0001
Phone: 205-257-0231
Website: www.powerofgood.com
EIN: 57-0901832
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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