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Also known as: FIRST OPTION BANK TRUSTEE
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Carl F Gump & Beth C Gump Foundation is a private trust based in PAOLA, KS. The foundation received its IRS ruling in 2009. The principal officer is 1st Option Bank. It holds total assets of $215K. Annual income is reported at $139K. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2021 to 2024. According to available records, Carl F Gump & Beth C Gump Foundation has made 5 grants totaling $41K, with a median grant of $8K. Annual giving has decreased from $7K in 2021 to $6K in 2024. Grantmaking activity was highest in 2023 with $20K distributed across 2 grants. Individual grants have ranged from $6K to $10K, with an average award of $8K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Kansas. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Carl F Gump & Beth C Gump Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in KS.
Carl F Gump & Beth C Gump Foundation has distributed a total of $41K across 5 grants. The median grant size is $8K, with an average of $8K. Individual grants have ranged from $6K to $10K.
The application deadline is APPLICATION MUST BE RECEIVED BEFORE MARCH 1. Charitable purpose under sec 501(c)(3), 170 (c)(2), 2055(1)(2) & 2522(1)(2).
Carl F Gump & Beth C Gump Foundation is headquartered in PAOLA, KS.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| First Option Bank | TRUSTEE | $4K | $0 | $4K |
Total Giving
$12K
Total Assets
$211K
Fair Market Value
$211K
Net Worth
$211K
Grants Paid
$6K
Contributions
N/A
Net Investment Income
$9K
Distribution Amount
$10K
Total: $195K
Total Grants
5
Total Giving
$41K
Average Grant
$8K
Median Grant
$8K
Unique Recipients
4
Most Common Grant
$10K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| My Fathers HouseREPLACE HVAC SYSTEM | Paola, KS | $7K | 2021 |
| Friends Of Library District #2 Of Linn County-LacygneSUMMER PROGRAMMING | Lacygne, KS | $6K | 2024 |
| Miami County Cancer FoundationGAS CARDS/FOOD/SUPPLIES FOR PROGRAM | Paola, KS | $10K | 2023 |
| Holy Trinity ChurchACADEMIC RESOURCES | Paola, KS | $8K | 2022 |