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Alabama · Nonprofit

THE LEGACY FOUNDATION

THE LEGACY FOUNDATION (Alabama) receives grants from 1 organization whose IRS filings report $50,000,000 to it, the largest being EQUAL JUSTICE INITIATIVE ($50,000,000). 1 of them have funded it in more than one year.

Revenue FY2025
$4.2M
Funders on record
1
Grants received
$50M
Net assets
$91M
1/1 repeat funderspeak grant-dependency 100%
01What it does

What The Legacy Foundation does

Mission

The Legacy Foundation is a charitable, cultural and educational nonprofit established to promote a deeper understanding of america's history by supporting cultural institutions, educational projects and initiatives, and project support dedicated to this purpose.

As stated on its FY2025 Form 990.

Program

  1. Legacy foundation will provide long term support to the legacy sites in montgomery, alabama. Acquisitions, site enhancements and development will be considered and evaluated by the foundation to improve, maintain and preserve the functioning of the spaces and the visitor experience.

    $2,778,052 spentof which $55,000 as grants
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $2,778,052.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20212021 Revenue 100 ($60M) Expenses 100 ($969) Net assets 100 ($60M)2022 Revenue -1 ($-789899) Expenses 104422 ($1.0M) Net assets 97 ($58M)2023 Revenue 33 ($20M) Expenses 373242 ($3.6M) Net assets 124 ($75M)2024 Revenue 55 ($33M) Expenses 1856984 ($18M) Net assets 149 ($89M)2025 Revenue 7 ($4.2M) Expenses 314336 ($3.0M) Net assets 151 ($91M)
20212022202320242025
Revenue (7)Expenses (314336)Net assets (151)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $58M to $75M (+28%).

$60M
$58M
$75M
$89M
$91M
20212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

0% of THE LEGACY FOUNDATION’s revenue is contributions — more earned-revenue than three-quarters of its peers (63% for the typical peer).

This organization
Typical peer · 5,377 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.

$60M
’21
−$1.8M
’22
$16M
’23
$15M
’24
$1.2M
’25
342
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

20212022202320242025
Listed33355
Joined·+0+0+2+0
No longer listed·0000
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'23
'24*
total
$50M
funders
1
1

From the IRS filings of THE LEGACY FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of THE LEGACY FOUNDATION's grant income comes from Alabama funders.

AL

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THE LEGACY FOUNDATION runs a healthier operating margin than three-quarters of the 3,230 arts & culture nonprofits its size.

Operating margin28% · top quartile
Months of reserve342.0mo · outside the comparable range
Revenue growth (annualized)−48% · bottom quartile

this organization peer median middle 50% of peers· 3,230 arts & culture nonprofits $1M–$10M, FY2025

Organizations like THE LEGACY FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Alabama

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

91% of spending goes to programs.

Program 91%Management 9%Fundraising 0%

Governance

5
board members
20%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Footprint & structure

Files a return copy in 1 state

AL

Part of a family of 1 related entity

  • Equal Justice Initiative Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for THE LEGACY FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE LEGACY FOUNDATION?
THE LEGACY FOUNDATION (Alabama) receives grants from 1 organization whose IRS filings report $50,000,000 to it, the largest being EQUAL JUSTICE INITIATIVE ($50,000,000). 1 of them have funded it in more than one year.
How many funders does THE LEGACY FOUNDATION have?
IRS filings report 1 organization giving $50,000,000 in grants to THE LEGACY FOUNDATION, 1 of which have funded it in more than one year.
Who is the largest funder of THE LEGACY FOUNDATION?
EQUAL JUSTICE INITIATIVE is the largest funder on record, with $50,000,000 in grants. The full list of funders is on this page.
How can an organization like THE LEGACY FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Alabama. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing