G & B Foundation
G & B Foundation is a private foundation, based in Los Angeles, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $293K in total assets. In 2024, it awarded 2 grants totaling $8K. Net investment income was $7K.
G & B Foundation at a glance
In short: G & B Foundation gave $8K across 2 grants in 2024 (avg $4K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $8,250
- -40.4% vs 2023
- Grants made (2024)
- 2
- -33.3% vs 2023
- Average grant
- $4,125
- -10.6% vs 2023
- Median grant
- $4,125
- Total assets
- $292,745
- +50.4% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who G & B Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Lacpc ($7K). Together the top 2 received $8K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How G & B Foundation gives
- Giving grew 65% from 2021 to 2024. 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 2021 to 2024, annual grant giving ranged from $5K (2021) to $14K (2023). In 2024 it made 2 grants totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lacpc Los Angeles, CA | Charity | $7,250 |
| Nutritional Education International Pasadena, CA | Charity | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|
| 2024 | $292,745 | $106,862 | $8,920 | $8,250 | 2 | $8,250 | $6,768 |
| 2023 | $194,688 | $52,766 | $13,947 | $13,850 | 3 | $13,850 | $266 |
| 2022 | $156,202 | $74,252 | $13,050 | $12,500 | 5 | $12,500 | $2,443 |
| 2021 | $95,000 | $100,000 | $5,000 | $5,000 | 1 | $5,000 | — |
Leadership & Key People
Officers and directors from IRS filings
G & B Foundation is led by Jong Hoon Lim, CEO on every filing since 2021; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jong Hoon Lim
CEO
On filings since 2021
No compensation reported
Sung Sil Lim
Secretary & CFO
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 G & B Foundation
How much does G & B Foundation give each year?
G & B Foundation gave $8K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $14K across 3 grants.
How large is G & B Foundation?
G & B Foundation reported $293K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $107K.
Where does G & B Foundation operate?
G & B Foundation has awarded grants in California.
What is G & B Foundation's EIN?
G & B Foundation's EIN (Employer Identification Number) is 87-1748419. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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Browse active grant opportunities in G & B Foundation's focus areas in our free grants database
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