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Gibbs Charitable Foundation is a private trust based in SPARTANBURG, SC. The foundation received its IRS ruling in 2002. The principal officer is Jimmy L Gibbs. It holds total assets of $31K. Annual income is reported at $1.2M. Total assets have grown from $15K in 2011 to $56K in 2023. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in South Carolina. According to available records, Gibbs Charitable Foundation has made 67 grants totaling $3.7M, with a median grant of $10K. Annual giving has grown from $1M in 2020 to $2.7M in 2022. Individual grants have ranged from N/A to $656K, with an average award of $55K. The foundation has supported 35 unique organizations. Grants have been distributed to organizations in South Carolina and North Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$10K
Average Grant
$41K
Largest Grant
$354K
Based on 25 grants from the most recent 990-PF filing.
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.
Gibbs Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 67 grants. Its grantmaking reaches organizations primarily in SC, NC.
Gibbs Charitable Foundation has distributed a total of $3.7M across 67 grants. The median grant size is $10K, with an average of $55K. Individual grants have ranged from N/A to $656K.
Gibbs Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Gibbs Charitable Foundation is headquartered in SPARTANBURG, SC. While based in SC, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jimmy I Gibbs | TRUSTEE | $0 | $0 | N/A |
| Marsha H Gibbs | TRUSTEE | $0 | $0 | N/A |
| Sidney H Walker | TRUSTEE | $0 | $0 | N/A |
| Allen O Clark | TRUSTEE | $0 | $0 | N/A |
| J Brian Honeycutt | TRUSTEE | $0 | $0 | N/A |
Total Giving
$1.5M
Total Assets
$56K
Fair Market Value
$56K
Net Worth
$56K
Grants Paid
$1.5M
Contributions
$725K
Net Investment Income
$306
Distribution Amount
$8K
Total Grants
67
Total Giving
$3.7M
Average Grant
$55K
Median Grant
$10K
Unique Recipients
35
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyCHARITABLE | Spartanburg, SC | $150 | 2022 |
| Sage Valley Golf FoundationCHARITABLE | Graniteville, SC | $100K | 2020 |
| Wofford CollegeCHARITABLE | Spartanburg, SC | $656K | 2022 |
| Spartanburg Regional FoundationCHARITABLE | Spartanburg, SC | $350K | 2022 |
| Svji Sports FoundationCHARITABLE | Greenville, SC | $100K | 2022 |
| The Encouraging WordCHARITABLE | Spartanburg, SC | $100K | 2022 |
| Spartanburg County FoundationCHARITABLE | Spartanburg, SC | $40K | 2022 |
| Cancer AssociationCHARITABLE | Spartanburg, SC | $20K | 2022 |
| His Radio Network-Wlfj& WgfjCHARITABLE | Greenville, SC | $12K | 2022 |
| Impact SportsCHARITABLE | Spartanburg, SC | $12K | 2022 |
| First Baptist Church Of SpartanburgCHARITABLE | Spartanburg, SC | $12K | 2022 |
| Roebuck Baptist ChurchCHARITABLE | Roebuck, SC | $12K | 2022 |
| United Way Of The PiedmontCHARITABLE | Spartanburg, SC | $10K | 2022 |
| Middle Tyger Community CenterCHARITABLE | Lyman, SC | $6K | 2022 |
| School Ministries Of Spartanburg CountyCHARITABLE | Boiling Springs, SC | $3K | 2022 |
| Sc BestCHARITABLE | Spartanburg, SC | $3K | 2022 |
| Hub Grant MinistriesCHARITABLE | Boiling Springs, SC | $1K | 2022 |
| Palmetto Council Boy ScoutsCHARITABLE | Spartanburg, SC | $1K | 2022 |
| Spartanburg Humane SocietyCHARITABLE | Spartanburg, SC | $750 | 2022 |
| First Baptist Church Of SwannanoaCHARITABLE | Swannanoa, NC | $200 | 2022 |
| Charles Lea Center FoundationCHARITABLE | Spartanburg, SC | N/A | 2022 |
| Sc Fraternal Order Of PoliceCHARITABLE | Florence, SC | N/A | 2022 |
| Tyger River Chapel FoundationCHARITABLE | Spartanburg, SC | $50K | 2020 |
| Encouraging Word MinistriesCHARITABLE | Spartanburg, SC | $45K | 2020 |
| The First Tee Of The UpstateCHARITABLE | Greenville, SC | $25K | 2020 |
LAKE CITY, SC
CHARLESTON, SC
COLUMBIA, SC