CBC Foundation
CBC Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Novelty, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $820K in total assets. In 2024, it awarded 30 grants totaling $48K. Net investment income was $12K.
Key facts about CBC Foundation
- EIN
- 34-1904019
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $48,000
- Grants made (2024)
- 30
- Average grant
- $1,600
- Median grant
- $1,000
- New grantees (estimate)
- 7% first-time grantees (2 of 30, 2024)
- Total assets
- $819,508
- Primary geography
- Colorado (43% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who CBC Foundation funds
By grant dollars, the top recipient states for CBC Foundation's 30 itemized 2024 grants were Colorado (43%), California (19%) and Ohio (13%). The most frequent recipient cities were Denver, CO (6 grants), Oakland, CA (4 grants), Lakewood, CO (4 grants) and Golden, CO (2 grants). None of its 30 grants with a stated purpose were described as general or operating support. Recurring purposes include "Annual Support" (30 grants).
Is CBC Foundation open to new grantees?
7%
first-time grantees, 2024
In 2024, 2 of 30 grantees (7%) were first-time recipients. First grants averaged $2K; repeat grants $2K. How we count
Medians: $2K first-time, $1K repeat.
- 93% of 2024 grantees were also funded in 2023. Method
- Giving fell 25% from 2021 to 2024. Method
- In 2024 it paid out 100% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2019–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with CBC Foundation
- How to evaluate CBC Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$820K
-6.3% YoY
Annual Giving
$48K
-7.7% YoY
Grant Count
30
-6.3% YoY
Avg Grant Size
$2K
-1.5% YoY
Under IRS private-foundation payout rules, CBC Foundation reported a distributable amount of $48K for 2024 — the minimum it must pay out in qualifying distributions.
About CBC Foundation
Based on IRS filings
CBC Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Novelty, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $820K in total assets. In 2024, it awarded 30 grants totaling $48K. Net investment income was $12K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 30 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $819,508 | $874,743 | $930,691 |
| Revenue | $3,066 | $5,929 | $23,595 |
| Expenses | $58,301 | $61,877 | $70,578 |
| Qualifying Distributions | $48,000 | $52,000 | $60,000 |
| Net Investment Income | $12,248 | $15,678 | $13,967 |
| Distributable Amount | $48,226 | $43,968 | $46,047 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
156 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Vida Verde ($5,000), Pelotonia ($4,500), Southern Poverty Law Center ($4,250).
| Recipient | Purpose | Amount |
|---|---|---|
| VIDA VERDE San Gregoria, GA | ANNUAL SUPPORT | $5,000 |
| PELOTONIA Columbus, OH | ANNUAL SUPPORT | $4,500 |
| SOUTHERN POVERTY LAW CENTER Montgomery, AL | ANNUAL SUPPORT | $4,250 |
| ALAMEDA CO COMMUNITY FOODBANK Oakland, CA | ANNUAL SUPPORT | $4,000 |
| COLORADO SCHOOL OF MINES Golden, CO | ANNUAL SUPPORT | $3,000 |
| DENVER ACADEMY Denver, CO | ANNUAL SUPPORT | $3,000 |
| DENVER CHRISTIAN SCHOOL Lakewood, CO | ANNUAL SUPPORT | $3,000 |
| COLIN BOLAN MEMORIAL FUND Chardon, OH | ANNUAL SUPPORT | $1,500 |
| MEALS ON WHEELS OF ALAMEDO CO Alameda, CA | ANNUAL SUPPORT | $1,500 |
| ANIMAL ASSISTED THERAPY PROGRAMS Arvada, CO | ANNUAL SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Roberta W Laps | Treasurer / Secretary | 2 | — |
| Martha S Sherwin | President | 1 | — |
| Michael J Sherwin | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is CBC Foundation?
CBC Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Novelty, OH. It holds $820K in total assets as of 2024.
How large is CBC Foundation?
As of 2024, CBC Foundation holds $820K in total assets with $3K in annual revenue. It awarded 30 grants totaling $48K in 2024.
Where does CBC Foundation operate?
CBC Foundation has awarded grants in Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Maryland, Ohio, Texas, Virginia.
What size grants does CBC Foundation award?
In 2024, CBC Foundation awarded 30 grants totaling $48K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is CBC Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, CBC Foundation reported a distributable amount of $48K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is CBC Foundation's EIN?
CBC Foundation's EIN (Employer Identification Number) is 34-1904019. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.