B C and Gladys L Drinkard Foundation Inc

BROWNWOOD, TX EIN: 75-2054014

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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$418K

+436.6% YoY

Annual Giving

$15K

+190.0% YoY

Grant Count

+33.3% YoY

Avg Grant Size

$4K

+117.5% YoY

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.

About B C and Gladys L Drinkard Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $26K (90%)

Idaho $3K (10%)

States

Idaho Texas

Cities

BrownwoodPocatello

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$417,869	$77,875	$82,950
Revenue	$360,449	$2,369	$1,802
Expenses	$20,455	$7,444	$5,440
Qualifying Distributions	$19,572	$6,397	$4,387
Net Investment Income	$3,833	$1,322	$1,315
Distributable Amount	$15,111	$3,670	$3,873

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include American Red Cross - Texas Big Coun ($5,000), Corinne T Smith Animal Center ($5,000), Sleep in Heavenly Peace ($3,000).

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
CENTRAL TEXAS EDUCATION CENTER BROWNWOOD, TX	TO HELP FUND TUTORING SCHOLARSHIPS FOR LOW INCOME STUDENTS	$1,500
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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GENE DEASON	ASST SECR/TREAS	0.5	—
ROBERT PORTER	President	0.5	—
PRISCILLA MONSON	Vice President	0.5	—
PAUL UNDERWOOD	Treasurer	0.5	—
PAUL WALDROP JR	Secretary	0.5	—

Frequently Asked Questions

How large is B C and Gladys L Drinkard Foundation Inc?

As of 2024, B C and Gladys L Drinkard Foundation Inc holds $418K in total assets with $360K in annual revenue. It awarded 4 grants totaling $15K in 2024.

Where does B C and Gladys L Drinkard Foundation Inc operate?

B C and Gladys L Drinkard Foundation Inc has awarded grants in Idaho, Texas.

What size grants does B C and Gladys L Drinkard Foundation Inc award?

In 2024, B C and Gladys L Drinkard Foundation Inc awarded 4 grants totaling $15K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is B C and Gladys L Drinkard Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, B C and Gladys L Drinkard Foundation Inc reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.