The Alfa Foundation is a private independent foundation established in 1996 and granted tax-exempt status in October 2014. Based in Montgomery, Alabama, the foundation is closely affiliated with Alfa Mutual Insurance Company and the Alabama Farmers Federation. With approximately $30.7 million in assets, the foundation supports educational initiatives, health and cancer research, agricultural resources, disaster recovery efforts, and nonprofit organizations across Alabama and neighboring states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$30.8M
+5.0% YoY
Annual Giving
$1.5M
+14.7% YoY
Grant Count
102
+7.4% YoY
Avg Grant Size
$14K
+6.8% YoY
Mission & Focus Areas
The foundation's mission is to promote education and support impactful organizations in Alfa's communities. Primary funding priorities include:
- Secondary, higher, and engineering education
- Cancer research and health initiatives
- Agricultural education and resources
- Pollution control
- Equestrianism
- Children's services
- Beekeeping and organic farming
- Food safety
Grantmaking
Grant Range
$250 to $160,000
Average Grant
awards range from $250 to $944,500
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Alabama, with additional grants to organizations in:
- District of Columbia
- Florida
- Georgia
- Louisiana
- Michigan
- Minnesota
- Mississippi
- Tennessee
- Texas
- Virginia
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- $30,774,886 (as of October 2024)
- $30,742,304 (as of 2025)
- $29.3 million (as of 2023)
Annual Giving:
- $1,711,191 (2024)
- $1,268,550 (2023)
- $1.38 million in expenses (2023)
Revenue:
- $3,055,413 (2024)
- $805,000 (2023)
Liabilities:
- $92,200 (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $30,774,886 | $29,313,953 | $29,800,064 |
| Revenue | $3,055,413 | $805,434 | $5,072,947 |
| Expenses | $1,502,275 | $1,383,750 | $1,505,563 |
| Qualifying Distributions | $1,454,660 | $1,268,550 | $1,429,497 |
| Net Investment Income | $3,089,073 | $788,350 | $4,783,451 |
| Distributable Amount | $1,447,786 | $1,277,963 | $1,482,881 |
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
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Jeffrey Nickles, Vice President Tax
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES L PARNELL | PRESIDENT | 1 | — |
| JOHN D HEMMINGS JR | TREASURER | 1 | — |
| ANGELA L BRADWELL | SECRETARY | 1 | — |
Recent News & Activity
Recent developments and announcements
In 2024, the Alfa Foundation, along with Alfa Mutual Insurance, Alabama Farmers Agriculture Foundation, and Trexis, collectively gave more than $1.99 million to 180 organizations. The foundation has been contributing to Alabama communities for over 75 years through various programs, investments, and donations. The foundation continues to award $100,000 annually in college scholarships to 100 students.
Alfa Foundation Awards $100,000 In College Scholarships\_ - Alabama Farmers\Contact Information
Mailing Address: P.O. Box 11189 Montgomery, AL 36111-0189
Phone: 334-288-3900 1-800-964-2532 (Alabama Farmers Federation)
Website: https://www.alfainsurance.com/about-alfa/caring-for-our-community
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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