The Milestone Fund
Preselected recipients only
The Milestone Fund is a private foundation in Birmingham, Alabama. In tax year 2025 it gave $159,000 in 15 grants; the typical grant was $5,000 and the largest $35,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$159,000
- Number of grants15
- Typical grant$5,000
- Largest grant$35,000
- Assets$3.0 million
- New grantees20%
Giving in 2025 was up from $145,000 the year before.
20% of its 2025 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $132,000 | 13 | $2.5 million |
| 2024 | $145,000 | 13 | $2.7 million |
| 2025 | $159,000 | 15 | $3.0 million |
How to apply
The Milestone Fund says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What The Milestone Fund funds
Where it gives
All of its grants went to recipients in Alabama.
| State | Grants | Amount |
|---|---|---|
| Alabama | 15 | $159,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Central Al | General fund | $35,000 |
| Children's Hospital Foundation | General fund | $25,000 |
| Community Foundation of Greater Bir | General fund | $20,000 |
| Uab Comprehensive Cancer Center | Geneal fund | $20,000 |
| Indian Springs School | General fund | $10,000 |
| Woodlawn Foundation | General fund | $10,000 |
| Alabama Symphony | General fund | $5,000 |
| Birmingham Civil Rights Institute | General fund | $5,000 |
| Birmingham Historical Society | General fund | $5,000 |
| Hispanic Interest Coalition of Alab | General fund | $5,000 |
| Mike Slive Foundation | General fund | $5,000 |
| Altamont School | General fund | $5,000 |
| WBHM Public Radio | General fund | $5,000 |
| The Junior League of Birmingham | General fund | $2,000 |
| Medical Opinion and Education Found | General fund | $2,000 |
Officers and trustees
- Regions Bank Trust Department
Questions people ask
Does The Milestone Fund accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The Milestone Fund give?
$159,000 in tax year 2025, across 15 grants, with a typical grant of $5,000.
Who runs The Milestone Fund?
Its 2025 filing lists Regions Bank Trust Department (Trustee).
What does The Milestone Fund fund?
Based on its grants, mainly health, education and arts and culture.