CB Foundation Inc
CB Foundation Inc is a private foundation, based in Flowood, MS. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $570K in total assets. In 2025, it awarded 2 grants totaling $22K.
CB Foundation Inc at a glance
In short: CB Foundation Inc gave $22K across 2 grants in 2025 (avg $11K), mostly in Mississippi. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $22,000
- -93.1% vs 2024
- Grants made (2025)
- 2
- -77.8% vs 2024
- Average grant
- $11,000
- -69.0% vs 2024
- Median grant
- $11,000
- Total assets
- $570,023
- +134.1% vs 2024
- Primary geography
- Mississippi (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who CB Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was East Central Community College Foundation ($20K). Together the top 2 received $22K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 22 grants of 29 (76%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How CB Foundation Inc gives
- Giving fell 90% from 2022 to 2025. Method
- In 2025 it paid out 144% 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 2022 to 2025, annual grant giving ranged from $22K (2025) to $320K (2024). In 2025 it made 2 grants totaling $22K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| East Central Community College Foundation Decatur, MS | Educational | $20,000 |
| Legacy Education and Community Empowerment Forest, MS | Charitable | $2,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $570,023 | $350,000 | $23,512 | $22,000 | 2 | $22,000 | — | $15,307 |
| 2024 | $243,535 | $8,687 | $321,064 | $319,825 | 9 | $319,825 | $7,620 | $20,405 |
| 2023 | $555,912 | $23,322 | $277,461 | $266,500 | 12 | $266,500 | $12,361 | $32,918 |
| 2022 | $810,051 | $1,450 | $218,473 | $217,500 | 6 | $217,500 | — | $43,377 |
| 2021 | $1,027,074 | $875,000 | $931 | — | — | — | — | $20,346 |
| 2020 | $153,005 | — | $937 | — | — | — | — | $7,565 |
| 2019 | $153,942 | — | $1,131 | — | — | — | — | $7,613 |
Under IRS private-foundation payout rules, CB Foundation Inc reported a distributable amount of $15K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
CB Foundation Inc is led by Charles W. Nicholson Jr., President on the 2025 filing; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Charles W. Nicholson Jr.
President
New on the 2025 filing
1 hr/week
No compensation reported
Thomas W. Colbert
Chairman
On filings since 2019
1 hr/week
No compensation reported
William C. Lehr
Secretary & Treasurer
On filings since 2019
1 hr/week
No compensation reported
Former officers (1)
- Former: Freddie J. Bagley (2019–2024) — President
Data from IRS Form 990 filings, 2019–2025. "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 CB Foundation Inc
How much does CB Foundation Inc give each year?
CB Foundation Inc gave $22K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $320K across 9 grants.
How large is CB Foundation Inc?
CB Foundation Inc reported $570K in total assets on its 2025 IRS Form 990-PF. It paid out $22K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets).
Where does CB Foundation Inc operate?
CB Foundation Inc has awarded grants in District of Columbia, Florida, Michigan, Mississippi, Virginia.
What is CB Foundation Inc's EIN?
CB Foundation Inc's EIN (Employer Identification Number) is 75-3052579. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 22, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 5, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 14, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in CB Foundation Inc's focus areas in our free grants database
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