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Gb Foundation Inc. is a private corporation based in SOMERSET, KY. The foundation received its IRS ruling in 2013. It holds total assets of $404K. Annual income is reported at $136K. Total assets have decreased from $1.3M in 2012 to $429K in 2023. The foundation is governed by 3 officers and trustees. None - just donations to charitable or religious organizatons. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Kentucky, North Carolina and Florida. According to available records, Gb Foundation Inc. has made 30 grants totaling $217K, with a median grant of $3K. Annual giving has grown from $42K in 2021 to $175K in 2022. Individual grants have ranged from $1K to $40K, with an average award of $7K. The foundation has supported 13 unique organizations. The foundation primarily supports organizations in Kentucky, Florida, North Carolina, which account for 93% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$3K
Average Grant
$6K
Largest Grant
$20K
Based on 8 grants from the most recent 990-PF filing.
None - just donations to charitable or religious organizatons
None - just donations to charitable or religious organizatons. Based on available records, the foundation has funded 30 grants. Its grantmaking reaches organizations primarily in KY, FL, NC.
Gb Foundation Inc. has distributed a total of $217K across 30 grants. The median grant size is $3K, with an average of $7K. Individual grants have ranged from $1K to $40K.
Must be charitable and regional.
Gb Foundation Inc. is headquartered in SOMERSET, KY. While based in KY, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Janet Godby | PRESIDENT, D | $0 | $0 | N/A |
| Lawrence J Botzman | TREASURER, D | $0 | $0 | N/A |
| Melvin Godby | CHAIRMAN, DI | $0 | $0 | N/A |
Total Giving
$81K
Total Assets
$429K
Fair Market Value
$460K
Net Worth
$429K
Grants Paid
$76K
Contributions
N/A
Net Investment Income
$13K
Distribution Amount
$23K
Total: $400K
Total Grants
30
Total Giving
$217K
Average Grant
$7K
Median Grant
$3K
Unique Recipients
13
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First Presbyterian ChurchRELIGIOUS | Bonita Springs, FL | $24K | 2022 |
| AdantaDRUG RECOVERY | Somerset, KY | $40K | 2022 |
| Samaritans PurseRELIGIOUS | Boone, NC | $6K | 2022 |
| Y2 BelieveRELIGIOUS | Fort Myers, FL | $3K | 2022 |
| Millville Christian ChurchRELIGIOUS | Frankfort, KY | $3K | 2022 |
| Billy GrahamRELIGIOUS | Charlotte, NC | $3K | 2022 |
| Friendship Community ChurchRELIGIOUS | Somerset, KY | $3K | 2022 |
| Starting Right NowENDING HOMELESSNESS | Tampa, FL | $3K | 2022 |
| Somerset First United Methodist ChRELIGIOUS | Somerset, KY | $3K | 2022 |
| Lamplighters InternationalRELIGIOUS | Minneapolis, MN | $1K | 2022 |
| Seven Eyes Stone MinistriesFAITH AND EDUCATION | Tampa, FL | $2K | 2021 |
| New Horizons Of Southwest FlRELIGIOUS | Naples, FL | $2K | 2021 |
| Habitat For Humanity PcBUILD HOMES FOR COMMUNITIES | Somerset, KY | $1K | 2021 |
FT MITCHELL, KY
LAGRANGE, KY
COVINGTON, KY