Cb Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOBILE, AL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $42.2M in total assets. In 2024, it awarded 6 grants totaling $411K. Net investment income was $8K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$42.2M
+10.8% YoY
Annual Giving
$411K
-84.6% YoY
Grant Count
6
-64.7% YoY
Avg Grant Size
$69K
-56.3% YoY
Under IRS private-foundation payout rules, Cb Foundation Inc reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
About Cb Foundation Inc
Based on IRS filings
Cb Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOBILE, AL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $42.2M in total assets. In 2024, it awarded 6 grants totaling $411K. Net investment income was $8K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $42,208,176 | $38,107,624 | $623,488 |
| Revenue | $5,088,953 | $18,460,458 | $1,275,153 |
| Expenses | $988,401 | $2,928,168 | $662,910 |
| Qualifying Distributions | $411,100 | $2,664,385 | $662,100 |
| Net Investment Income | $7,953 | $9,458 | $53 |
| Distributable Amount | $6,802 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Psmc Foundation ($250,000), Nathan & Racheal Morris ($100,000), Various Other Small Grants ($31,100).
| Recipient | Purpose | Amount |
|---|---|---|
| BLUE MISSIONS GROUP MIAMI, FL | BENEVOLENCE | $5,000 |
| BRO WES HALL SATSUMA, AL | BENEVOLENCE | $5,000 |
| FATHERS JOY MOBILE, AL | BENEVOLENCE | $20,000 |
| NATHAN & RACHEAL MORRIS APOPKA, FL | EVANGELISM | $100,000 |
| PSMC FOUNDATION PAGOSA SPRINGS, CO | BENEVOLENCE | $250,000 |
| VARIOUS OTHER SMALL GRANTS MOBILE, AL | BENEVOLENCE | $31,100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRUCE R WAGNER SR | BOARD MEMBER | 1 | — |
| CATHY WAGNER | BOARD MEMBER | 1 | — |
| MELISSA REYNOLDS FORMER | BOARD MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Cb Foundation Inc?
Cb Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOBILE, AL. It holds $42.2M in total assets as of 2024.
How large is Cb Foundation Inc?
As of 2024, Cb Foundation Inc holds $42.2M in total assets with $5.1M in annual revenue. It awarded 6 grants totaling $411K in 2024.
Where does Cb Foundation Inc operate?
Cb Foundation Inc has awarded grants in Alabama, California, Colorado, District of Columbia, Florida, Georgia, Louisiana, Mississippi, New Mexico, Oregon, Wyoming.
What size grants does Cb Foundation Inc award?
In 2024, Cb Foundation Inc awarded 6 grants totaling $411K — an average of about $69K per grant, based on its IRS Form 990 filings.
How much is Cb Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cb Foundation Inc reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cb Foundation Inc's EIN?
Cb Foundation Inc's EIN (Employer Identification Number) is 82-2853726. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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