GB Foundation Inc
GB Foundation Inc is a private foundation, based in Somerset, KY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $429K in total assets. In 2025, it awarded 1 grant totaling $20K. Net investment income was $15K.
GB Foundation Inc at a glance
In short: GB Foundation Inc gave $20K across 1 grant in 2025 (avg $20K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,000
- -60.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $20,000
- -60.0% vs 2024
- Median grant
- $20,000
- Total assets
- $429,107
- +6.2% vs 2024
- Primary geography
- Florida (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who GB Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Y2BELIEVE ($20K).
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 29 grants of 30 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How GB Foundation Inc gives
- Giving fell 77% from 2022 to 2025. Method
- In 2025 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $20K (2025) to $105K (2019). In 2025 it made 1 grant totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Y2BELIEVE Fort Myers, FL | Religious | $20,000 |
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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 | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $429,107 | $51,061 | $25,942 | $20,000 | 1 | $20,000 | $14,738 | $21,801 |
| 2024 | $403,988 | $33,443 | $58,202 | $50,000 | 1 | $50,000 | $13,622 | $21,888 |
| 2023 | $428,747 | $16,888 | $80,963 | $74,500 | 8 | $74,500 | $12,796 | $22,852 |
| 2022 | $492,822 | $-6,198 | $91,911 | $87,500 | 10 | $87,500 | $14,347 | $28,999 |
| 2021 | $590,931 | $62,297 | $46,375 | $42,200 | 10 | $42,200 | $22,661 | $33,293 |
| 2020 | $597,809 | $-6,832 | $52,266 | $44,500 | 8 | — | $22,825 | $32,353 |
| 2019 | $657,311 | $162,358 | $110,634 | $105,246 | 11 | — | $25,458 | $31,919 |
Under IRS private-foundation payout rules, GB Foundation Inc reported a distributable amount of $22K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
GB Foundation Inc is led by Janet Godby, President & D since 2022 (on filings since 2019); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Janet Godby
President & D
Director → President & D, 2022
On filings since 2019
No compensation reported
Melvin Godby
Chairman & Director
Chairman → Chairman & Director, 2022
On filings since 2019
No compensation reported
Lawrence J. Botzman
Treasurer & D
Director → Treasurer & D, 2022
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 GB Foundation Inc
How much does GB Foundation Inc give each year?
GB Foundation Inc gave $20K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $50K across 1 grant.
How large is GB Foundation Inc?
GB Foundation Inc reported $429K in total assets on its 2025 IRS Form 990-PF. It paid out $20K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does GB Foundation Inc operate?
GB Foundation Inc has awarded grants in Arizona, Florida, Kentucky, Minnesota, North Carolina.
What is GB Foundation Inc's EIN?
GB Foundation Inc's EIN (Employer Identification Number) is 27-1393433. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS July 1, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 28, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 25, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 24, 2026)
- IRS filings on file for fiscal years 2019–2025
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