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Groves Family Foundation Inc. is a private corporation based in CORAL GABLES, FL. The foundation received its IRS ruling in 2018. It holds total assets of $618K. Annual income is reported at $433K. Total assets have decreased from $813K in 2019 to $619K in 2023. The foundation is governed by 4 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 2017 to 2023. The foundation primarily funds organizations in New York, Texas and Florida. According to available records, Groves Family Foundation Inc. has made 36 grants totaling $285K, with a median grant of $10K. Annual giving has grown from $65K in 2021 to $80K in 2023. Grantmaking activity was highest in 2022 with $140K distributed across 14 grants. Individual grants have ranged from $3K to $10K, with an average award of $8K. The foundation has supported 10 unique organizations. The foundation primarily supports organizations in Arkansas, Texas, Florida, which account for 36% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$5K
Average Grant
$5K
Largest Grant
$5K
Based on 10 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.
Groves Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 36 grants. Its grantmaking reaches organizations primarily in AR, TX, FL.
Groves Family Foundation Inc. has distributed a total of $285K across 36 grants. The median grant size is $10K, with an average of $8K. Individual grants have ranged from $3K to $10K.
Groves Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals. The application deadline is APRIL 30TH. Scholarships are paid directly to the university of the recipient choice on the understanding they will return to bahamas after graduation.
Groves Family Foundation Inc. is headquartered in CORAL GABLES, FL. While based in FL, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Graham Groves | PRESIDENT/TR | $0 | $0 | N/A |
| Margaret M Groves | DIRECTOR SEC | $0 | $0 | N/A |
| Gene Groves | VICE PRESIDE | $0 | $0 | N/A |
| Gayle Groves Campbell | VICE PRESIDE | $0 | $0 | N/A |
Total Giving
$92K
Total Assets
$619K
Fair Market Value
$764K
Net Worth
$619K
Grants Paid
$80K
Contributions
$2K
Net Investment Income
$15K
Distribution Amount
$38K
Total: $579K
Total Grants
36
Total Giving
$285K
Average Grant
$8K
Median Grant
$10K
Unique Recipients
10
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Columbia UniversitySCHOLARSHIP | New York, NY | $5K | 2021 |
| Kettering UniversityEDUCATION SCHOLARSHIP | Flint, MI | $10K | 2023 |
| Mcgill UniversityEDUCATION SCHOLARSHIP | Montreal | $10K | 2023 |
| University Of New BrunswickEDUCATION SCHOLARSHIP | Staint John | $10K | 2023 |
| Philanders Smith CollegeEDUCATION SCHOLARSHIP | Little Rock, AR | $10K | 2023 |
| University Of The West IndiesEDUCATION SCHOLARSHIP | Mona St Andrew Jamaica | $10K | 2023 |
| Florida International UniversityEDUCATION SCHOLARSHIP | Miami, FL | $10K | 2023 |
| Florida Institute Of TechnologyEDUCATION SCHOLARSHIP | Melbourne, FL | $10K | 2023 |
| Texas Tech UniversityEDUCATION SCHOLARSHIP | Lubbock, TX | $10K | 2022 |
| Nova Southeastern UniversitySCHOLARSHIP | Fort Lauderdale, FL | $5K | 2021 |
WEST PALM BCH, FL
WEST PALM BCH, FL
POMPANO BEACH, FL