Dana B and James K Gulley Memorial
Dana B and James K Gulley Memorial is a private foundation, based in Orlando, FL. IRS filing data is available from 2020 through 2021. In 2021, it awarded 3 grants totaling $2.2M. Net investment income was $950K.
Dana B and James K Gulley Memorial at a glance
In short: Dana B and James K Gulley Memorial gave $2.2M across 3 grants in 2021 (avg $719K), mostly in North Carolina. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $2,156,349
- Grants made (2021)
- 3
- Average grant
- $718,783
- Median grant
- $718,783
- Primary geography
- North Carolina (67% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated September 2026.
Who Dana B and James K Gulley Memorial funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2021
The largest 2021 recipient was Sunbeam Baptist Church ($719K). Together the top 3 received $2.2M.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2021 grant dollars across all 3 itemized grants.
States
Cities
How Dana B and James K Gulley Memorial gives
- In 2021 it paid out well above 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
In 2021 it made 3 grants totaling $2.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sunbeam Baptist Church Franklin, VA | General Operating | $718,783 |
| Saint Paul United Methodist Church Goldsboro, NC | General Operating | $718,783 |
| First Baptist Church of Goldsboro Goldsboro, NC | General Operating | $718,783 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2021 | — | $950,310 | $2,182,070 | $2,156,349 | 3 | $2,166,633 | $950,144 | $26,957 |
| 2020 | $1,230,424 | $1,907,629 | $26,512 | — | — | — | $40,658 | $86,510 |
Under IRS private-foundation payout rules, Dana B and James K Gulley Memorial reported a distributable amount of $27K for 2021 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Dana B and James K Gulley Memorial's only listed officer is Truist Bank, Trustee on the 2021 filing (uncompensated).
Officers on the 2021 filing
Truist Bank
Trustee
New on the 2021 filing
1 hr/week
No compensation reported
Former officers (1)
- Former: Branch Banking AND Trust Company (2020) — Trustee
Data from IRS Form 990 filings, 2020–2021. "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 Dana B and James K Gulley Memorial
How much does Dana B and James K Gulley Memorial give each year?
Dana B and James K Gulley Memorial gave $2.2M across 3 grants in 2021, according to its 2021 IRS Form 990-PF.
What is Dana B and James K Gulley Memorial's typical grant size?
Dana B and James K Gulley Memorial's median grant in 2021 was $718,783, and its average grant was $718,783, across 3 grants on its 2021 IRS Form 990-PF.
Where does Dana B and James K Gulley Memorial give grants?
Dana B and James K Gulley Memorial gives mostly in North Carolina: 67% of the grant dollars itemized on its 2021 IRS Form 990-PF went to recipients there. The next largest state was Virginia (33%). The most frequent recipient cities were Goldsboro, NC (2 grants).
Does Dana B and James K Gulley Memorial give general operating support?
Yes: 100% of Dana B and James K Gulley Memorial's 2021 grants with a stated purpose (3 of 3) were for general or operating support, per its 2021 IRS Form 990-PF.
How much is Dana B and James K Gulley Memorial required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Dana B and James K Gulley Memorial reported a distributable amount of $27K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Dana B and James K Gulley Memorial's EIN?
Dana B and James K Gulley Memorial's EIN (Employer Identification Number) is 35-7257918. IRS Form 990 filing data is available on this page for 2020–2021.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- IRS filings on file for fiscal years 2020–2021
Live grants for the work Dana B and James K Gulley Memorial funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
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