Gb Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOMERSET, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $404K in total assets. In 2024, it awarded 1 grants totaling $50K. Net investment income was $14K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$404K
-5.8% YoY
Annual Giving
$50K
-32.9% YoY
Grant Count
1
-87.5% YoY
Avg Grant Size
$50K
+436.9% YoY
About Gb Foundation Inc
Based on IRS filings
Gb Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOMERSET, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $404K in total assets. In 2024, it awarded 1 grants totaling $50K. Net investment income was $14K.
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 | $403,988 | $428,747 | $492,822 |
| Revenue | $33,443 | $16,888 | $-6,198 |
| Expenses | $58,202 | $80,963 | $91,911 |
| Qualifying Distributions | $50,000 | $74,500 | $87,500 |
| Net Investment Income | $13,622 | $12,796 | $14,347 |
| Distributable Amount | $21,888 | $22,852 | $28,999 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JANET GODBY | PRESIDENT, D | — | — |
| MELVIN GODBY | CHAIRMAN, DI | — | — |
| LAWRENCE J BOTZMAN | TREASURER, D | — | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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