Private Foundation · AL
Merrill I & Grace Hanks Charitable Tr
Mobile, AL · EIN 616394207 · Website (ProPublica) ↗ · 990s on ProPublica ↗
Assets
$3.3M
Total Giving
$837K
Grants on File
8
Average Grant
$105K
Giving Radius
Where Merrill I & Grace Hanks Charitable Tr Has Given
Section I
How to Apply
Application available from university financial aid offices above
On Unsolicited Proposals yes
Restrictions
Restricted to entering full-time freshmen, sophomores, juniors or seniors with religion major or minor intending to enter a career as a pastor; priority given to students from Escambia and Monroe Counties in Alabama.
Section IV
Recent Grants
| Recipient | Amount | Year |
|---|---|---|
| Birmingham, AL | $188K | 2021 |
| Mobile, AL | $11K | 2021 |
| Birmingham, AL | $194K | 2022 |
| Mobile, AL | $17K | 2022 |
| Mobile, AL | $32K | 2023 |
| Birmingham, AL | $197K | 2023 |
| Mobile, AL | $18K | 2024 |
| Birmingham, AL | $180K | 2024 |
8 grants total
Section VI
Filing History
Year-by-year financial summary from IRS 990-PF filings. Total assets and qualifying distributions show the foundation's growth and giving trajectory.
| Year | Total Assets | Qualifying Distributions | Total Revenue | Total Expenses |
|---|---|---|---|---|
| 2024 | $3.4M | $254K | $114K | $265K |
| 2023 | $3.5M | $243K | $266K | $294K |
| 2022 | $3.5M | $278K | $171K | $276K |
| 2021 | $3.6M | $251K | $179K | $259K |
| 2020 | $3.7M | $238K | $236K | $252K |
| 2016 | $3.7M | $216K | $257K | $235K |
| 2015 | $3.7M | $220K | $340K | $226K |
| 2014 | $3.5M | $204K | $402K | $202K |
| 2013 | $3.4M | $187K | $180K | $189K |
| 2012 | $3.4M | $188K | $174K | $198K |
Section VII
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