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The J. L. Bedsole Foundation

Profile

Last Updated: 2016-09-13

At A Glance

The J. L. Bedsole Foundation

P.O. Box 1137

Mobile, AL United States 36633-1137

Telephone: (251) 432-3369

URL: www.jlbedsolefoundation.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $67,779,118

Total giving: $2,722,326

EIN

237225708

BRIDGE Number

2523069578

Additional Contact Information

E-mail for Christopher Lee: chrislee@jlbedsolefoundation.org, Contact for scholarships: Scott A. Morton, Dir., e-mail: scott@jlbedsolefoundation.org

Background

Established in 1949 - Joseph Linyer Bedsole moved to Mobile from Thomasville, AL in 1919. He was instrumental in the organization of Bedsole-Colvin Drug Company, S. B. Adams Lumber Company, Bedsole Investment Company, and Mobile Fixture and Equipment Company. He was director of the First National Bank of Mobile for over 50 years. Mr. Bedsole served as a member of the Board of Trustees of Howard College (now Samford University), and as the first chairman of the Board of Trustees of the University of Mobile. While serving as chairman of the Mobile Chamber of Commerce in 1926, Mr. Bedsole was responsible for organizing the first Mobile Community Chest, which later evolved into the United Way of Southwest Alabama. In 1943, Secretary of War Henry L. Stimson, appointed Mr. Bedsole chairman of the Price Adjustment Board of the Birmingham Ordinance District. His lifelong emphasis on education and economic development led to the creation of the foundation which was fully funded after his death in 1975

Purpose and Activities

Giving primarily to improve the quality of life for the citizens of Southwest AL and to strengthen the communities in which they live. Specifically, the foundation funds projects that serve: 1) Education, arts and culture, health and human services and economic development; 2) Projects where there is potential for permanent, enduring benefits that will provide value to the community and the residents of Southwest AL; 3) Diverse groups that collaborate on projects to achieve common goals; 4) Organizations and projects that clearly demonstrate sound fiscal management and accountability; 5) Organizations that attract multiple sources of support for projects; and 6) Projects that address underserved segments of the population, the economically disadvantaged or citizens of rural communities. .

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Grants to Individuals Program

Scholarships to entering college freshmen from southwest AL to attend AL colleges and universities.

J.L. Bedsole Scholars Program

The scholars program awards college scholarships to future leaders from southwest Alabama. The program offers financial assistance for students with leadership ability, academic achievement and financial need to attend college within Alabama. Candidates for the Bedsole scholarship must express a desire to use their abilities to further the civic, cultural and economic development of southwest Alabama. Leadership is the most important criteria. Scholarship amounts do not exceed $6,000 per academic year. See foundation web site for application information.

Fields of Interest

Subjects
  • Arts and culture
  • Economic development
  • Elementary and secondary education
  • Higher education
  • Human services
  • Public affairs
  • Undergraduate education
Population Groups
  • Academics

Financial Data

Year ended 2014-12-31

Assets: $67,779,118 (market value)

Expenditures: $3,841,119

Total giving: $2,722,326

Qualifying distributions: $3,120,277

Giving activities include:

$1,947,776 for 68 grants (high: $200,000; low: $250)

$774,550 for grants to individuals

$397,951 for foundation-administered programs