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G & B Foundation is a private corporation based in LOS ANGELES, CA. The foundation received its IRS ruling in 2022. It holds total assets of $293K. Annual income is reported at $107K. Total assets have grown from $95K in 2021 to $293K in 2024. The foundation is governed by 2 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2024. According to available records, G & B Foundation has made 13 grants totaling $39K, with a median grant of $1K. Annual giving has decreased from $25K in 2022 to $14K in 2023. Individual grants have ranged from $500 to $11K, with an average award of $3K. The foundation has supported 6 unique organizations. Grant recipients are concentrated in California. 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.
G & B Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 13 grants. Its grantmaking reaches organizations primarily in CA.
G & B Foundation has distributed a total of $39K across 13 grants. The median grant size is $1K, with an average of $3K. Individual grants have ranged from $500 to $11K.
G & B Foundation typically selects its grantees rather than accepting unsolicited proposals.
G & B Foundation is headquartered in LOS ANGELES, CA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jong Hoon Lim | CEO | $0 | $0 | N/A |
| Sung Sil Lim | CFO | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$293K
Fair Market Value
N/A
Net Worth
$293K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
13
Total Giving
$39K
Average Grant
$3K
Median Grant
$1K
Unique Recipients
6
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| OverflowCHARITY | La Mirada, CA | $1K | 2022 |
| LacpcCHARITY | Los Angeles, CA | $11K | 2023 |
| Nutritional Education InternationalCHARITY | Pasadena, CA | $2K | 2023 |
| Shalom Disability MinistriesCHARITY | Los Angeles, CA | $1K | 2023 |
| GbcCHARITY | Anaheim, CA | $500 | 2022 |
| Son MinistryCHARITY | Buena Park, CA | $500 | 2022 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA