Ernest G Debakey Charitable Foundation

Organization Overview

Ernest G Debakey Charitable Foundation is located in St Elmo, AL. The organization was established in 1998. 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. Ernest G Debakey Charitable Foundation 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, Ernest G Debakey Charitable Foundation generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Ernest G Debakey Charitable Foundation has awarded 59 individual grants totaling $2,702,161. 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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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $332,867
Net Rental Income$0
Net Gain on Sale of Assets $802,082
Capital Gain Net Income $802,082
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $234,872
Total Revenue $1,369,821

Grants Awarded

Over the last fiscal year, Ernest G Debakey Charitable Foundation has awarded $698,209 in support to 16 organizations.

Grant RecipientAmount

INFIRMARY FOUNDATION

PURPOSE: COMMUNITY WELFARE

$204,200

UNIVERSITY OF SOUTH ALABAMA

PURPOSE: EDUCATION

$160,000

TULANE UNIVERSITY

PURPOSE: EDUCATION

$128,509

UNIVERSITY OF MOBILE

Org PageRecipient Profile

Mobile, AL

PURPOSE: EDUCATION

$60,000

CHRISTIAN MEDICAL MINISTRY

PURPOSE: COMMUNITY WELFARE

$48,000

PARKINSON ASSOCIATION OF ALABAMA

PURPOSE: COMMUNITY WELFARE

$30,000
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