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P & B Foundation is a private corporation based in MATTHEWS, NC. The foundation received its IRS ruling in 1971. It holds total assets of $9.1M. Annual income is reported at $1.3M. According to available records, P & B Foundation has made 46 grants totaling $1.1M, with a median grant of $11K. Annual giving has decreased from $747K in 2022 to $319K in 2023. Individual grants have ranged from $100 to $115K, with an average award of $23K. The foundation has supported 17 unique organizations. The foundation primarily supports organizations in Ohio, Tennessee, Texas, which account for 26% of all grants. Grantmaking reaches organizations across 12 states. Contributions to this foundation are tax-deductible.
P & B Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 46 grants. Its grantmaking reaches organizations primarily in OH, TN, TX.
P & B Foundation has distributed a total of $1.1M across 46 grants. The median grant size is $11K, with an average of $23K. Individual grants have ranged from $100 to $115K.
ATTACH COPY OF DETERMINATION LETTER OF EXEMPTION UNDER 501(C)(3) WHERE APPLICABLE TO GRANT REQUEST.
P & B Foundation is headquartered in MATTHEWS, NC. While based in NC, the foundation distributes grants to organizations across 12 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Larry C Pratt | PRESIDENT/SE | $106K | $0 | $106K |
| Mark Hudson | DIRECTOR | $300 | $0 | $300 |
| Tommy Abernethy | DIRECTOR | $300 | $0 | $300 |
| Kevin Frye | V. PRES | $300 | $0 | $300 |
| Barry Shearer | DIRECTOR | $300 | $0 | $300 |
Total Giving
$508K
Total Assets
$8.6M
Fair Market Value
$9.4M
Net Worth
$8.5M
Grants Paid
$319K
Contributions
$301K
Net Investment Income
$416K
Distribution Amount
$434K
Total: $0
Total Grants
46
Total Giving
$1.1M
Average Grant
$23K
Median Grant
$11K
Unique Recipients
17
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Baptist Mid MissionRELIGIOUS | Cleveland, OH | $115K | 2023 |
| Baptist International MissionsRELIGIOUS | Harrison, TN | $52K | 2023 |
| Central Missionary ClearinghouseRELIGIOUS | Houston, TX | $32K | 2023 |
| Baptist World MissionRELIGIOUS | Decatur, AL | $31K | 2023 |
| Baptist Int'L Evg MinistriesRELIGIOUS | Danville, IN | $23K | 2023 |
NEW YORK, NY
CANAAN, CT
HOUSTON, TX
COLMAR, PA
| Mt Abarium BaptistRELIGIOUS |
| Arlington, TX |
| $23K |
| 2023 |
| Crow Christian ChurchRELIGIOUS | Beaver, WV | $13K | 2023 |
| MissioserveRELIGIOUS | Wheaton, IL | $10K | 2023 |
| Fellowship International MissionRELIGIOUS | Allentown, PA | $9K | 2023 |
| Independent Baptist Mission GlobalRELIGIOUS | Nashua, NH | $9K | 2023 |
| Calvary Baptist Church & MinistriesRELIGIOUS | Lansdale, PA | $3K | 2023 |
| Salem Baptist ChurchRELIGIOUS | Winstonsalem, NC | $100 | 2023 |
| Appalachian Bible CollegeRELIGIOUS | Mt Hope, WV | $775 | 2022 |
| Samaritan'S PurseRELIGIOUS | Boone, NC | $100 | 2022 |
| Harvest Baptist ChuchRELIGIOUS | Rock Hill, SC | $100 | 2022 |
| Northside Baptist ChurchRELIGIOUS | Charlotte, NC | $100 | 2022 |
| American Brain FoundationRESEARCH | Minneapolis, MN | $100 | 2022 |
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