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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$418K
+436.6% YoY
Annual Giving
$15K
+190.0% YoY
Grant Count
4
+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
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.
Ready to take the next step with B C and Gladys L Drinkard Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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.
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Browse active grant opportunities in B C and Gladys L Drinkard Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.