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· Private foundation

The Milestone Fund

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$159k
Granted FY2025still arriving
15
Grants FY2025still arriving
1
States reached
$35k
Largest
01What it funds
0191% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2018 to 2025.

Philanthropy$323kHealth$302kEducation$170kCommunity Improvement$102kCivil Rights$61kArts & Culture$20kScience & Tech$10kPublic Benefit$2kOther$0
02FY2025 · 15 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k9 grants · $39k
  • $10k–50k6 grants · $120k
$5,000
Median grant
1
States reached
$947k
Total assets
Largest grants
RecipientAmount
UNITED WAY OF CENTRAL AL$35,000
CHILDREN'S HOSPITAL FOUNDATION$25,000
UAB COMPREHENSIVE CANCER CENTER$20,000
COMMUNITY FOUNDATION OF GREATER BIR$20,000
WOODLAWN FOUNDATION$10,000
INDIAN SPRINGS SCHOOL$10,000
ALTAMONT SCHOOL$5,000
MIKE SLIVE FOUNDATION$5,000
Individual grant recipient$5,000
Individual grant recipient$5,000
BIRMINGHAM HISTORICAL SOCIETY$5,000
HISPANIC INTEREST COALITION OF ALAB$5,000
BIRMINGHAM CIVIL RIGHTS INSTITUTE$5,000
THE JUNIOR LEAGUE OF BIRMINGHAM$2,000
MEDICAL OPINION AND EDUCATION FOUND$2,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Dollar for dollar, its grants (FY18–25) land where the poverty rate runs at 16%, against an area that typically sits at 7%. 94% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 7%INDIAN SPRINGS SCHOOL: $10k → 7%UNITED WAY OF CENTRAL AL: $35k → 16%WHEATON COLLEGE: $10k → 7%INDIAN SPRINGS SCHOOL: $10k → 7%UNITED WAY OF CENTRAL AL: $35k → 16%WHEATON COLLEGE: $5k → 7%INDIAN SPRINGS SCHOOL: $8k → 7%UNITED WAY OF CENTRAL AL: $35k → 16%INDIAN SPRINGS SCHOOL: $5k → 7%UNITED WAY OF CENTRAL AL: $35k → 16%UNITED WAY OF CENTRAL AL: $30k → 16%UNITED WAY OF CENTRAL AL: $15k → 16%UNITED WAY OF CENTRAL AL: $15k → 16%UNITED WAY OF CENTRAL AL: $10k → 16%CHILDREN'S HOSPITAL FOUNDATION: $30k → 16%CHILDREN'S HOSPITAL FOUNDATION: $25k → 16%CHILDREN'S HOSPITAL FOUNDATION: $25k → 16%CHILDREN'S HOSPITAL FOUNDATION: $25k → 16%CHILDREN'S HOSPITAL FOUNDATION: $20k → 16%CHILDREN'S HOSPITAL FOUNDATION: $20k → 16%UAB COMPREHENSIVE CANCER CENTER: $20k → 16%CHILDREN'S HOSPITAL FOUNDATION: $15k → 16%UAB COMPREHENSIVE CANCER CENTER: $10k → 16%UAB COMPREHENSIVE CANCER CENTER: $10k → 16%UAB COMPREHENSIVE CANCER CENTER: $10k → 16%CHILDREN'S HOSPITAL FOUNDATION: $10k → 16%UAB COMPREHENSIVE CANCER CENTER: $10k → 16%UAB COMPREHENSIVE CANCER CENTER: $10k → 16%UAB COMPREHENSIVE CANCER CENTER: $10k → 16%EYE FOUNDATION: $10k → 16%WOODLAWN FOUNDATION: $15k → 16%WOODLAWN FOUNDATION: $15k → 16%WOODLAWN FOUNDATION: $10k → 16%WOODLAWN FOUNDATION: $10k → 16%WOODLAWN FOUNDATION: $10k → 16%WOODLAWN FOUNDATION: $10k → 16%WOODLAWN FOUNDATION: $10k → 16%HIGHLANDS SCHOOL: $37k → 16%HIGHLANDS SCHOOL: $30k → 16%HIGHLANDS SCHOOL: $10k → 16%COMMUNITY FOUNDATION OF GREATER BIR: $20k → 16%COMMUNITY FOUNDATION OF GREATER BIR: $18k → 16%COMMUNITY FOUNDATION OF GREATER BIR: $15k → 16%COMMUNITY FOUNDATION OF GREATER BIR: $15k → 16%COMMUNITY FOUNDATION OF GREATER BIR: $15k → 16%COMMUNITY FOUNDATION OF GREATER BIR: $10k → 16%COMMUNITY FOUNDATION OF GREATER BIR: $10k → 16%COMMUNITY FOUNDATION OF GREATER BIR: $10k → 16%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

97%of every dollar goes to organizations it has funded before.
$986k · 14 repeat orgs$34k to everyone else

Grantees it renews have grown median revenue +23% since the first grant, against -2% for those funded once.

14 repeat relationships: 12 still active in FY2025, 2 since wound down; 3 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

14
4

Total granted

$986k
$22k

Median revenue growth · since first grant

+23%
-2%

Still filing today

71%
25%

New vs renewed · share of each year

In FY2025, 92% of grant dollars renewed an existing relationship; $12k went to new ones.

50%100%’18’19’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’18’19’20’21’22’23’24’25
PhilanthropyHealthCommunity ImprovementEducationScience & TechArts & CultureOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • UNITED WAY OF CENTRAL ALABAMA INC
    8× · 2018–2025 · $210k · revenue +41%
  • AC
    Alabama Children's Hospital Foundation
    8× · 2018–2025 · $170k · revenue +81%
  • WU
    WOODLAWN UNITED INC
    8× · 2018–2025 · $85k · revenue +23%

Funded once

  • TE
    THE EYE FOUNDATION INC
    one grant, 2019 · $10k · revenue -2% · 37% of their budget
  • EL
    EMMET LIBRARY
    one grant, 2019 · $5k
  • IG
    Individual grant recipient
    one grant, 2020 · $5k
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
The Children's Hospital of Alabama

The mission of Children's of Alabama is to provide the finest pediatric health services to all children in an environment that fosters excellence in research and medical education. Children's will be an advocate for all children and work…

Health
2
Uab Educational Foundation

To support the university of alabama at birmingham in its scientific and educational mission, including managing and disbursing funds, acquiring real property, and providing operational flexibility.

Education
3
University Charter School

Operation of a public charter school in Livingston, AL.

Education
4
The University Foundation

The university foundation is organized to assist and aid the board of trustees of the university of alabama in fulfilling its educational, research, and public service programs and activities.

—
5
Mountain Brook City Schools Foundation

The mission of the Foundation is to mobilize community support and resources for the academic improvement of the Mountain Brook City School System through technological improvement, library enhancement, and professional development.

Education
6
Alabama High School of Mathematics and Science Foundation

Provide facilities and support for the alabama high school of mathematics and science

Education
7
Crestwood Day School Inc

Crestwood day school is a private elementary (k-6th) grade school in alabama.

Education
8
The Williams School

The williams school builds with each child the foundation for academic, moral and social success. a williams school student embodies confidence, integrity and a love of learning.

—
9
Legacy Schools

Operation of a public charter school in Livingston, AL.

Education
10
Augustana College

Rooted in the liberal arts & sciences & lutheran expression of the christian faith, & is committed to offering a challenging education that develops qualities of mind, spirit, & body necessary for a rewarding life of leadership & service…

Education
11
Landon School

Landon school is committed to the ethical, intellectual, and personal development of boys. we challenge and inspire them to think deeply, individually, and broadly; to live with respect and honor; and to grow into healthy, well-rounded men…

Education
12
Jefferson Scholars Foundation

The jefferson scholars foundation (foundation) provides academic merit-based scholarship, fellowship and professorship support to students and faculty at the university of virginia (uva).

Philanthropy
How this is measured
The grantee most central to the portfolio’s shape is Alabama Children's Hospital Foundation; the most unlike its peers is The Eye Foundation Inc. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

13 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 13 of the 22 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

1
Load-bearing (≥25% of a budget)
2
Early backer (in before they grew)
13/13
Grantees still filing
6/13
Grew since first funded

Where the money sits, by cause and then by grantee

COMMUNITY FOUNDATION OF GREATER BIR: $113,000 · OtherCOMMUNITY FOUNDATION OF GREATER BIRHIGHLANDS DAY SCHOOL FOUNDATION: $97,000 · OtherHIGHLANDS DAY SCHOOL FOUNDATIONUAB COMPREHENSIVE CANCER CENTER: $85,000 · OtherUAB COMPREHENSIVE CANCER CENTERIndividual grant recipient: $35,000 · OtherIndividual grant recipientHISPANIC INTEREST COALITION OF ALAB: $30,000 · OtherHISPANIC INTEREST COALITION OF ALAB+5 more: $19,000 · OtherUNITED WAY OF CENTRAL ALABAMA INC: $210,000 · PhilanthropyUNITED WAY OF CENTRAL ALAB…BIRMINGHAM CIVIL RIGHTS INSTITUTE: $31,000 · PhilanthropyBIRMINGHAM CIVIL RIGHTS IN…Alabama Children's Hospital Foundation: $170,000 · HealthAlabama Children's …THE EYE FOUNDATION INC: $10,000 · HealthTHE EYE FOUNDATION …WOODLAWN UNITED INC: $85,000 · Community ImprovementWOODLAWN UN…JUNIOR LEAGUE OF BIRMINGHAM INC: $17,000 · Community ImprovementJUNIOR LEAG…INDIAN SPRINGS SCHOOL: $48,000 · EducationWheaton College: $15,000 · EducationTHE ALTAMONT SCHOOL: $5,000 · EducationThe Mike Slive Foundation for Prostate Cancer Research: $35,000 · Science & TechSOUTHERN RESEARCH INSTITUTE: $10,000 · Science & TechBirmingham Historical Society: $20,000 · Arts & Culture
Other$379,000Philanthropy$241,000Health$180,000Community Improvement$102,000Education$68,000Science & Tech$45,000Arts & Culture$20,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetUNITED WAY OF CENTRAL ALABAMA INC: $210,000 over 8y, 0.0% of budgetAlabama Children's Hospital Foundation: $170,000 over 8y, 0.1% of budgetHIGHLANDS DAY SCHOOL FOUNDATION: $97,000 over 7y, 0.5% of budgetWOODLAWN UNITED INC: $85,000 over 8y, 0.5% of budgetINDIAN SPRINGS SCHOOL: $48,000 over 7y, 0.7% of budgetThe Mike Slive Foundation for Prostate Cancer Research: $35,000 over 7y, 0.9% of budgetBIRMINGHAM CIVIL RIGHTS INSTITUTE: $31,000 over 7y, 0.2% of budgetBirmingham Historical Society: $20,000 over 4y, 1.6% of budgetJUNIOR LEAGUE OF BIRMINGHAM INC: $17,000 over 7y, 0.3% of budgetWheaton College: $15,000 over 2y, 0.0% of budgetSOUTHERN RESEARCH INSTITUTE: $10,000 over 2y, 0.0% of budgetTHE EYE FOUNDATION INC: $10,000 over 1y, 37% of budgetTHE ALTAMONT SCHOOL: $5,000 over 1y, 0.1% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds UNITED WAY OF CENTRAL ALABAMA INC ↗
  • Who funds Alabama Children's Hospital Foundation ↗
  • Who funds HIGHLANDS DAY SCHOOL FOUNDATION ↗
  • Who funds WOODLAWN UNITED INC ↗
  • Who funds INDIAN SPRINGS SCHOOL ↗
  • Who funds The Mike Slive Foundation for Prostate Cancer Research ↗
  • Who funds BIRMINGHAM CIVIL RIGHTS INSTITUTE ↗
  • Who funds Birmingham Historical Society ↗
  • Who funds JUNIOR LEAGUE OF BIRMINGHAM INC ↗
  • Who funds Wheaton College ↗
  • Who funds SOUTHERN RESEARCH INSTITUTE ↗
  • Who funds THE EYE FOUNDATION INC ↗
  • Who funds THE ALTAMONT SCHOOL ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Dunn-French FoundationAL20× affinity7 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Dunn-French Foundation · Mike and Gillian Goodrich Foundation · Hill Crest Foundation Inc · Protective Life Foundation · Altecstyslinger Foundation · The Ronne & Donald Hess Foundation · Jones Family Fund · The Community Foundation of Greater Birmingham · Lorol Roden Bowron Rediker Rucker Foundation · Viro Fund · Thomas H Lowder Family Foundation · The Hackney Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization The Milestone Fund funds: left to right is the share of its income from government, bottom to top the share from The Milestone Fund. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%0%1%3%5%funder's share of their income ↑0%8%15%22%30%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    1report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    ⤢ axis zoomed · 0–30%
    typical government reliance, FY20–25
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 22 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

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