Debs and Vernelle Gamblin Foundation
Debs and Vernelle Gamblin Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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
About Debs and Vernelle Gamblin Foundation
Based on IRS filings
Debs and Vernelle Gamblin Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include John Hagie Ministries ($1,000), Cal Farleys Boys Ranch ($500), Jentezen Franklin Ministries ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| CAL FARLEYS BOYS RANCH AMARILLO, TX | CHARITABLE | $500 |
| JENTEZEN FRANKLIN MINISTRIES GAINESVILLE, GA | CHARITABLE | $500 |
| JOHN HAGIE MINISTRIES SAN ANTONIO, TX | CHARITABLE | $1,000 |
| LARRY HUGH MINISTRIES BEDFORD, TX | CHARITABLE | $500 |
| ST JUDE RESEARCH HOSPITAL MEMPHIS, TN | CHARITABLE | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DEBS GAMBLIN | PRESIDENT/DIRECTOR | 2 | — |
| VERNELLE GAMBLIN | SECRETARY/DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Debs and Vernelle Gamblin Foundation?
Debs and Vernelle Gamblin Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALADO, TX. It holds $42K in total assets as of 2024.
How large is Debs and Vernelle Gamblin Foundation?
As of 2024, Debs and Vernelle Gamblin Foundation holds $42K in total assets with $5K in annual revenue. It awarded 5 grants totaling $3K in 2024.
Where does Debs and Vernelle Gamblin Foundation operate?
Debs and Vernelle Gamblin Foundation has awarded grants in Georgia, South Dakota, Tennessee, Texas.
What size grants does Debs and Vernelle Gamblin Foundation award?
In 2024, Debs and Vernelle Gamblin Foundation awarded 5 grants totaling $3K — an average of about $600 per grant, based on its IRS Form 990 filings.
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.
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Browse active grant opportunities in Debs and Vernelle Gamblin Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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