B C and Gladys L Drinkard Foundation Inc
B C and Gladys L Drinkard Foundation Inc is a private foundation, based in Brownwood, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $418K in total assets. In 2024, it awarded 4 grants totaling $15K. Net investment income was $4K.
B C and Gladys L Drinkard Foundation Inc at a glance
In short: B C and Gladys L Drinkard Foundation Inc gave $15K across 4 grants in 2024 (avg $4K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $14,500
- +190.0% vs 2023
- Grants made (2024)
- 4
- +33.3% vs 2023
- Average grant
- $3,625
- +117.5% vs 2023
- Median grant
- $4,000
- Total assets
- $417,869
- +436.6% vs 2023
- Primary geography
- Texas (79% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who B C and Gladys L Drinkard Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was American Red Cross - Texas Big Coun ($5K). Together the top 4 received $15K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How B C and Gladys L Drinkard Foundation Inc gives
- Giving grew 383% from 2021 to 2024. Method
- In 2024 it paid out 130% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $3K (2021) to $15K (2024). In 2024 it made 4 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Red Cross - Texas Big Coun Brownwood, TX | For funding disaster and fire relief to eligible Brown county, Texas residents | $5,000 |
| Corinne T Smith Animal Center Brownwood, TX | To help fund kennel roof repairs and shading structures | $5,000 |
| Sleep in Heavenly Peace Pocatello, ID | To fund supplies for children's beds in Brown county, Texas | $3,000 |
| Central Texas Education Center Brownwood, TX | To help fund tutoring scholarships for low income students | $1,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $417,869 | $360,449 | $20,455 | $14,500 | 4 | $19,572 | $3,833 | $15,111 |
| 2023 | $77,875 | $2,369 | $7,444 | $5,000 | 3 | $6,397 | $1,322 | $3,670 |
| 2022 | $82,950 | $1,802 | $5,440 | $3,000 | 2 | $4,387 | $1,315 | $3,873 |
| 2021 | $86,588 | $-455 | $5,488 | $3,000 | 2 | $4,368 | $640 | $4,466 |
| 2020 | $92,531 | $3,238 | $4,742 | $3,100 | 4 | — | $2,957 | $4,206 |
Under IRS private-foundation payout rules, B C and Gladys L Drinkard Foundation Inc reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
B C and Gladys L Drinkard Foundation Inc is led by Robert Porter, President since 2024 (on filings since 2022); none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Robert Porter
President
Secretary → Vice President, 2023
Vice President → President, 2024
On filings since 2022
0.5 hrs/week
No compensation reported
Gene Deason
Assistant Secretary & Treasurer
Vice President → President, 2021
President → Assistant Secretary & Treasurer, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
Paul Waldrop Jr.
Secretary
Assistant Secretary & Treasurer → Treasurer, 2023
Treasurer → Secretary, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
Priscilla Monson
Vice President
Treasurer → Secretary, 2023
Secretary → Vice President, 2024
On filings since 2022
0.5 hrs/week
No compensation reported
Paul Underwood
Treasurer
Assistant Secretary & Treasurer → Treasurer, 2024
On filings since 2023
0.5 hrs/week
No compensation reported
Former officers (4)
- Former: Carter Sharpe (2021–2023) — President
- Former: J. William Blagg (2020–2022) — President
- Former: Keith Clark (2020–2021) — Vice President
- Former: Pierre Osbourn (2020–2021) — Secretary
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about B C and Gladys L Drinkard Foundation Inc
How much does B C and Gladys L Drinkard Foundation Inc give each year?
B C and Gladys L Drinkard Foundation Inc gave $15K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5K across 3 grants.
What is B C and Gladys L Drinkard Foundation Inc's typical grant size?
B C and Gladys L Drinkard Foundation Inc's median grant in 2024 was $4,000, and its average grant was $3,625, across 4 grants on its 2024 IRS Form 990-PF.
Where does B C and Gladys L Drinkard Foundation Inc give grants?
B C and Gladys L Drinkard Foundation Inc gives mostly in Texas: 79% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Idaho (21%). The most frequent recipient cities were Brownwood, TX (3 grants).
Does B C and Gladys L Drinkard Foundation Inc give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on B C and Gladys L Drinkard Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
How large is B C and Gladys L Drinkard Foundation Inc?
B C and Gladys L Drinkard Foundation Inc reported $418K in total assets on its 2024 IRS Form 990-PF. It paid out $20K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets).
What is B C and Gladys L Drinkard Foundation Inc's EIN?
B C and Gladys L Drinkard Foundation Inc's EIN (Employer Identification Number) is 75-2054014. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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