2026-04-13T10:30:05+00:00 2025-05-31 135381590 BDO USA 421 FAYETTEVILLE ST STE 300 RALEIGH NC 276011776 990 2024-06-01 843066063 BIRMINGHAM-SOUTHERN COLLEGE FOUNDATION BIRM 8778295500 PO BOX 2565 BIRMINGHAM AL 35202 DANIEL B COLEMAN TRUSTEE 9192781936 2026-04-13 true SANDRA L FEINSMITH P01064157 9197549370 2026-04-13 2024 2025-03-06 01:10:19Z WILLIAM A TERRY 3846 FOREST GLEN DRIVE BIRMINGHAM AL 35213 4514309 false X N/A X 2019 AL THE FOUNDATION'S PURPOSE IS PHILANTHROPIC IN NATURE. IT WAS FORMED TO SUPPORT BIRMINGHAM-SOUTHERN COLLEGE, WHICH CEASED ITS NORMAL OPERATIONS DUE TO FINANCIAL CONDITIONS. 7 5 0 7 0 2248122 17500 0 0 41430 288313 0 0 2289552 305813 0 0 0 0 0 0 0 0 0 175 34515 175 34515 2289377 271298 4454179 3725477 0 0 4454179 3725477 THE FOUNDATION'S PURPOSE IS PHILANTHROPIC IN NATURE. AT THE TIME OF ITS FORMATION, ITS SCOPE WAS LIMITED TO THE SUPPORT OF THE BIRMINGHAM-SOUTHERN COLLEGE THROUGH THE ALLOCATION OF FUNDS COMPRISED OF DONOR CONTRIBUTIONS AND INCOME PRODUCED THROUGH PRUDENT INVESTMENTS OF ENDOWMENT. AS OF MAY 31, 2024, BIRMINGHAM-SOUTHERN CEASED ITS NORMAL OPERATIONS DUE TO FINANCIAL CONDITIONS. THE COLLEGE IS CURRENTLY NEGOTIATING THE SALE OF ITS REAL PROPERTY. UPON THE SUCCESSFUL CLOSING OF THE SALE, EXCESS PROCEEDS WILL BE TRANSFERRED TO ITS ENDOWMENT. UNDER ALABAMA LAW, THE COLLEGE AND THE FOUNDATION IS REQUIRED TO SUBMIT A PLAN TO THE STATE ATTORNEY GENERAL FOR USE OF THESE FUNDS. IT IS EXPECTED THAT THE PROPOSED PLAN WILL INCLUDE PROVISIONS FOR THE ISSUANCE OF SCHOLARSHIPS TO STUDENTS WHO WILL ATTEND OTHER LIBERAL ARTS COLLEGES. false false 0 0 0 THE FOUNDATION'S PURPOSE IS PHILANTHROPIC IN NATURE. AT THE TIME OF ITS FORMATION, ITS SCOPE WAS LIMITED TO THE SUPPORT OF THE BIRMINGHAM-SOUTHERN COLLEGE THROUGH THE ALLOCATION OF FUNDS COMPRISED OF DONOR CONTRIBUTIONS AND INCOME PRODUCED THROUGH PRUDENT INVESTMENTS OF ENDOWMENT. AS OF MAY 31, 2024, BIRMINGHAM-SOUTHERN CEASED ITS NORMAL OPERATIONS DUE TO FINANCIAL CONDITIONS. THE COLLEGE IS CURRENTLY NEGOTIATING THE SALE OF ITS REAL PROPERTY. UPON THE SUCCESSFUL CLOSING OF THE SALE, EXCESS PROCEEDS WILL BE TRANSFERRED TO ITS ENDOWMENT. UNDER ALABAMA LAW, THE COLLEGE AND THE FOUNDATION IS REQUIRED TO SUBMIT A PLAN TO THE STATE ATTORNEY GENERAL FOR USE OF THESE FUNDS. IT IS EXPECTED THAT THE PROPOSED PLAN WILL INCLUDE PROVISIONS FOR THE ISSUANCE OF SCHOLARSHIPS TO STUDENTS WHO WILL ATTEND OTHER LIBERAL ARTS COLLEGES. 0 true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false X 7 5 false false false false false false false true true false false false true true true true false false false false false false AL X ROBERT L LOFTIN III 2054416833 2425 2nd Avenue North BIRMINGHAM AL 35203 X DANIEL B COLEMAN DIRECTOR 1.0 0.0 X 0 0 0 DONALD E HESS DIRECTOR 1.0 0.0 X 0 0 0 HILLERY HEAD DIRECTOR 1.0 0.0 X 0 0 0 JOHN P WATTS DIRECTOR 1.0 0.0 X 0 0 0 KEITH D THOMPSON VICE CHAIR 1.0 0.0 X 0 0 0 MICHAEL STRAUS DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM A TERRY CHAIR 1.0 0.0 X 0 0 0 0 0 0 0 false false false 0 17500 17500 0 0 0 0 0 102468 102468 0 0 4394341 4208496 185845 0 185845 185845 0 0 0 0 0 305813 0 0 288313 0 0 34515 34515 0 0 0 0 0 0 0 0 34515 0 34515 0 245683 3454055 0 0 0 0 0 0 0 0 0 0 0 271422 0 0 0 0 0 0 0 0 4208496 0 0 0 0 0 0 0 4454179 3725477 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X -1099 -35439 4455278 3760916 4454179 3725477 4454179 3725477 X 271298 -1000000 X false false false X 850859 2164427 1386849 2248122 17500 6667757 0 0 850859 2164427 1386849 2248122 17500 6667757 2345604 4322153 0 0 0 41374 102468 143842 0 0 0 0 0 0 0 6811599 0 0.63453 0.64962 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990, Part VI, Line 15 PROCESS TO ESTABLISH COMPENSATION THE FOUNDATION HAS NO EMPLOYEES. ALL BOARD MEMBERS SERVE ON A VOLUNTEER BASIS AND RECEIVE NO COMPENSATION FROM THE FOUNDATION. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED BY THE FOUNDATION'S PUBLIC ACCOUNTING FIRM. THE FORM 990 IS GIVEN TO THE BOARD OF TRUSTEES BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Line 12c Conflict of interest policy A CONFLICT OF INTEREST ACKNOWLEDGEMENT AND DISCLOSURE STATEMENT IS GIVEN TO ALL BOARD MEMBERS ANNUALLY. THERE ARE NO ADMINISTRATIVE OR OTHER EMPLOYEES. THE SIGNED STATEMENTS ARE REVIEWED AND FOLLOW-UP IS COMPLETED IF NECESSARY. Form 990, Part VI, Line 19 Required documents available to the public DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances FUNDS TRANSFERRED TO BIRMINGHAM-SOUTHERN COLLEGE - -1000000; Total - -1000000;