Ben May Charitable Trust
- Assets
- $34.7m
- Revenue
- $1.8m
- Investments
- $34.3m
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 11/1971
- Data as of
- 12/2021
- EIN
- 23-7145009
Organization Overview
Ben May Charitable Trust is located in Mobile, AL. The organization was established in 1971. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ben May Charitable Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Ben May Charitable Trust generated $1.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ben May Charitable Trust has awarded 134 individual grants totaling $2,754,566. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hancock Whitney Bank Trustee | 5 | $57,011 | |
John D Peebles Dist. Committee Member | 2 | $25,000 | |
Vivian G Johnston V Dist. Committee Member | 2.7 | $8,333 | |
Ken Niemeyer Secretary | 2.4 | $10,000 | |
Allison H Peebles Dist. Committee Member | 1.7 | $8,333 | |
Steven Koppel Dist. Committee Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $183 |
| Dividends & Interest | $545,383 |
| Net Rental Income | $39,959 |
| Net Gain on Sale of Assets | $1,266,899 |
| Capital Gain Net Income | $1,266,899 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,639 |
| Total Revenue | $1,849,785 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $133,677 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $51,807 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,709 |
| Printing and publications | $0 |
| Other expenses | $55,610 |
| Total operating and administrative expenses | $283,168 |
| Contributions, gifts, grants paid | $1,373,833 |
| Total expenses and disbursements | $1,657,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $394,114 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,903,313 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $34,681,853 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ben May Charitable Trust has awarded $1,373,833 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF CHICAGO PURPOSE: CANCER RESEARCH FUNDING | $251,000 |
New York, NY PURPOSE: BEN MAY CENTER FOR CHEMICAL THEORY AND COMPUTATION | $250,000 |
New York, NY PURPOSE: GENERAL PURPOSES | $68,000 |
ORDER OF ST JOHN PURPOSE: CONTINUE & EXPAND MARINE PROGRAM IN COASTAL ALABAMA | $64,000 |
FUSE PROJECT PURPOSE: GENERAL PURPOSES | $50,000 |
AMERICAN FRIENDS OF THE PERES INSTITUTE FOR PEACE PURPOSE: GENERAL PURPOSES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
Audrey And Martin Gruss Foundation West Palm Beach, FL | $0 | $7,573,459 |