Debs and Vernelle Gamblin Foundation

Private foundation · Grantmaker Salado, TX EIN: 74-2829931

Debs and Vernelle Gamblin Foundation is a private foundation, based in Salado, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $42K in total assets. In 2024, it awarded 5 grants totaling $3K. Net investment income was $4K.

Key facts about Debs and Vernelle Gamblin Foundation

In short: Debs and Vernelle Gamblin Foundation gave $3K across 5 grants in 2024 (avg $600), mostly in Texas. Source: 2024 IRS Form 990-PF.

EIN
74-2829931
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$3,000
Grants made (2024)
5
Average grant
$600
Median grant
$500
Total assets
$41,698
Primary geography
Texas (67% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$42K

+2.4% YoY

Annual Giving

$3K

+20.0% YoY

Grant Count

5

+66.7% YoY

Avg Grant Size

$600

-28.0% YoY

How Debs and Vernelle Gamblin Foundation gives

  • Giving held roughly steady from 2021 to 2024 (−14%). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2024 grant dollars across all 5 itemized grants.

Cities

AmarilloSan AntonioBedfordChamberlainFort WorthGainesvilleMemphisSulphur Springs

Giving Over Time

Total grant dollars and number of grants per year

$0$1K$2K$3K$4K3 grants2020 2 grants2021 3 grants2022 3 grants2023 5 grants2024

From 2020 to 2024, annual grant giving ranged from $3K (2023) to $4K (2020). In 2024 it made 5 grants totaling $3K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

John Hagie Ministries: $1KJohn Hagie Ministries$1KCal Farleys Boys Ranch: $500Cal Farleys Boys Ranch$500Jentezen Franklin Ministries: $500Jentezen Franklin Ministries$500Larry Hugh Ministries: $500Larry Hugh Ministries$500St Jude Research Hospital: $500St Jude Research Hospital$500

The largest 2024 recipient was John Hagie Ministries ($1K). Together the top 5 received $3K.

Grant Size Distribution

16 grants across all recorded years

16<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 16 grants of 16 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
John Hagie Ministries San Antonio, TXCharitable$1,000
Cal Farleys Boys Ranch Amarillo, TXCharitable$500
Jentezen Franklin Ministries Gainesville, GACharitable$500
Larry Hugh Ministries Bedford, TXCharitable$500
St Jude Research Hospital Memphis, TNCharitable$500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2K$4K$6K$8K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$41,698$40,701$40,084
Revenue$4,590$3,701$2,534
Expenses$3,593$3,085$3,087
Qualifying Distributions$3,000$2,500$3,000
Net Investment Income$3,997$3,116$2,534

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Debs and Vernelle Gamblin Foundation is led by Debs Gamblin, President & Director on every filing since 2020; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Debs Gamblin

    President & Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Vernelle Gamblin

    Secretary & Director

    On filings since 2020

    2 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "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 Debs and Vernelle Gamblin Foundation

How much does Debs and Vernelle Gamblin Foundation give each year?

Debs and Vernelle Gamblin Foundation gave $3K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3K across 3 grants.

What is Debs and Vernelle Gamblin Foundation's typical grant size?

Debs and Vernelle Gamblin Foundation's median grant in 2024 was $500, and its average grant was $600, across 5 grants on its 2024 IRS Form 990-PF.

Where does Debs and Vernelle Gamblin Foundation give grants?

Debs and Vernelle Gamblin Foundation gives mostly in Texas: 67% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Georgia (17%) and Tennessee (17%).

Does Debs and Vernelle Gamblin Foundation give general operating support?

Not in 2024: none of the 5 grants with a stated purpose on Debs and Vernelle Gamblin Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (5 grants).

Who are Debs and Vernelle Gamblin Foundation's largest grantees?

Debs and Vernelle Gamblin Foundation's largest 2024 grantees include John Hagie Ministries ($1,000), Cal Farleys Boys Ranch ($500) and Jentezen Franklin Ministries ($500), according to its 2024 IRS Form 990-PF. Together they received 67% of its itemized 2024 grant dollars.

How large is Debs and Vernelle Gamblin Foundation?

Debs and Vernelle Gamblin Foundation reported $42K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $5K.

What is Debs and Vernelle Gamblin Foundation's EIN?

Debs and Vernelle Gamblin Foundation's EIN (Employer Identification Number) is 74-2829931. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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