GBC International Bank Foundation
GBC International Bank Foundation is a private foundation based in Los Angeles, California. It funds organizations and schools supporting community development in areas served by GBC International Bank, including specified California counties and the Seattle area.
GBC International Bank Foundation at a glance
In short: GBC International Bank Foundation gave $57K across 16 grants in 2024 (avg $4K), mostly in California. 29% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $57,000
- -12.3% vs 2023
- Grants made (2024)
- 16
- +14.3% vs 2023
- Average grant
- $3,563
- -23.3% vs 2023
- Median grant
- $3,000
- Total assets
- $981,325
- -5.4% vs 2023
- New grantees (estimate)
- 29% first-time grantees (4 of 14, 2024; small sample)
- Primary geography
- California (96% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to GBC International Bank Foundation
- How to Apply
-
The foundation’s filing says to submit a letter of request specifying the use of funds. It does not restrict giving to preselected organizations. Awards are restricted to organizations and schools promoting development in the communities served by GBC International Bank: Los Angeles, Orange, Santa Clara, and San Francisco counties in California, and the Seattle area in Washington.
- Review Cycle
- None stated.
- Deadline
- None stated.
- Contact
Application contact: Gbc International Bank Foundation
Mailing address: 333 S Grand Ave Suite 3500, Los Angeles, CA 90071
Phone: (310) 826-4228
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who GBC International Bank Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Apa Family Support Services ($12K). Together the top 10 received $47K.
Organizations only. It also paid 2 individual scholarships ($6,000), which are not listed by name.
Grant Size Distribution
68 grants across all recorded years
The most common grant size was under $50K: 68 grants of 68 (100%).
Geographic Focus
Where this funder awards grants
The foundation’s filing names Los Angeles, Orange, Santa Clara, and San Francisco counties in California, and the Seattle area in Washington, as the communities served. In 2024, 96% of grant dollars went to recipients in California and 4% to recipients in Washington.
Grant Distribution by State
Share of 2024 grant dollars across all 16 itemized grants.
States
Cities
Is GBC International Bank Foundation open to new grantees?
29%
first-time grantees, 2024
In 2024, 4 of 14 grantees (29%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $2K; repeat grants $4K. How we count
Medians: $1K first-time, $3K repeat.
- 64% of 2024 grantees were also funded in 2023. Method
- Giving grew 27% from 2021 to 2024. Method
- In 2024 it paid out 121% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $44K (2020) to $65K (2023). In 2024 it made 16 grants totaling $57K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Apa Family Support Services San Francisco, CA | Education/Elderly/Health | $12,000 |
| Herald Family Center San Gabriel, CA | Education | $9,000 |
| Educare Foundation Van Nuys, CA | Education | $5,000 |
| Entrepreneur Educational Center Inc Gardena, CA | Education | $5,000 |
| Los Angeles Educational Partnership Los Angeles, CA | Education | $5,000 |
| Grandma's House of Hope Anaheim, CA | Elderly/Health | $3,000 |
| Junior Achievement of Southern Cal Los Angeles, CA | Education | $3,000 |
| Unite-La Inc Los Angeles, CA | Education | $3,000 |
| 2 individual scholarships Recipients not named | — | $6,000 |
| Asian Pacific Community Fund Los Angeles, CA | Education | $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 | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $981,325 | $5,784 | $61,790 | $57,000 | 16 | $61,775 | $1,034 | $50,982 |
| 2023 | $1,037,331 | $1,088 | $65,340 | $65,000 | 14 | $65,340 | $1,088 | $53,678 |
| 2022 | $1,101,583 | $181,067 | $50,010 | $50,000 | 12 | $50,010 | $1,067 | $48,074 |
| 2021 | $970,526 | $200,746 | $45,000 | $45,000 | 10 | $45,000 | $746 | $39,102 |
| 2020 | $814,780 | $141,080 | $43,560 | $43,500 | 16 | — | $1,080 | $35,359 |
Under IRS private-foundation payout rules, GBC International Bank Foundation reported a distributable amount of $51K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The filing describes the foundation’s grantmaking as supporting organizations and schools that promote community development in its service areas. Its 2024 grants included education, elderly and health services, and student scholarships.
Examples of grantees’ work include APA Family Support Services, whose stated mission is to provide culturally appropriate family support and promote safety, wellness, and economic stability; Educare Foundation, which says it empowers young people, including disadvantaged and at-risk students; and UNITE-LA, which describes its work as advancing economic mobility and well-being through education and career pathways. Grandma’s House of Hope says it provides housing and supportive services to people experiencing unsheltered homelessness in Orange County.
Grantmaking
In 2024, the foundation gave $57,000 through 16 grants. Grant amounts ranged from $1,000 to $12,000, with a median grant of $3,000. The largest grants listed were $12,000 to APA Family Support Services, $9,000 to Herald Family Center, and $5,000 each to Educare Foundation, Entrepreneur Educational Center, and Los Angeles Educational Partnership.
Other listed 2024 awards included $3,000 each to Grandma’s House of Hope, Junior Achievement of Southern California, UNITE-LA, two individual recipients Listed $1,000 awards included Asian Pacific Community Fund and Boys and Girls Club of West San Gabriel Valley.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Dennis Lam as president; Linda Haley and Charles Kenny as directors; Richard Holmes as CFO; Annie Pan and Calvin Lam as executives; Ben Lee as SVP; and Elaine Wu as FVP.
GBC International Bank Foundation is led by Dennis Lam, President on every filing since 2020; none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
Dennis Lam
President
On filings since 2020
1 hr/week
No compensation reported
Charles Kenny
Director
On filings since 2020
1 hr/week
No compensation reported
Linda Haley
Director
On filings since 2020
1 hr/week
No compensation reported
Annie Pan
Executive
Director → Executive, 2022
On filings since 2020
1 hr/week
No compensation reported
Ben Lee
Senior Vice President
Officer → Senior Vice President, 2022
On filings since 2020
1 hr/week
No compensation reported
Calvin Lam
Executive
Director → Executive, 2022
On filings since 2020
1 hr/week
No compensation reported
Elaine Wu
Fvp
Director → Fvp, 2022
On filings since 2020
1 hr/week
No compensation reported
Richard Holmes
CFO
On filings since 2020
1 hr/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 GBC International Bank Foundation
How much does GBC International Bank Foundation give each year?
GBC International Bank Foundation gave $57K across 16 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $65K across 14 grants.
What is GBC International Bank Foundation's typical grant size?
GBC International Bank Foundation's median grant in 2024 was $3,000, and its average grant was $3,563, across 16 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from GBC International Bank Foundation that year got $2K on average.
Where does GBC International Bank Foundation give grants?
GBC International Bank Foundation gives mostly in California: 96% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Los Angeles, CA (5 grants).
Does GBC International Bank Foundation give general operating support?
Not in 2024: none of the 16 grants with a stated purpose on GBC International Bank Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (10 grants).
Who are GBC International Bank Foundation's largest grantees?
GBC International Bank Foundation's largest 2024 grantees include Apa Family Support Services ($12,000), Herald Family Center ($9,000) and Educare Foundation ($5,000), according to its 2024 IRS Form 990-PF. It also paid 2 individual scholarships ($6,000), which are not listed by name. Together they received 46% of its itemized 2024 grant dollars.
How large is GBC International Bank Foundation?
GBC International Bank Foundation reported $981K in total assets on its 2024 IRS Form 990-PF. It paid out $62K in qualifying distributions that year, against a required minimum of $51K (roughly 5% of its investment assets).
What does GBC International Bank Foundation fund?
The filing describes the foundation’s grantmaking as supporting organizations and schools that promote community development in its service areas. Its 2024 grants included education, elderly and health services, and student scholarships. See mission & focus areas ↑
How do I apply for a grant from GBC International Bank Foundation?
The foundation’s filing says to submit a letter of request specifying the use of funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is GBC International Bank Foundation's EIN?
GBC International Bank Foundation's EIN (Employer Identification Number) is 46-3746738. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). GBC International Bank Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/gbc-international-bank-foundation-morg_c028d8fee6cf47b6bc6a7e4fd9e65a0a
BibTeX
@misc{grantable_463746738_2026,
author = {{Grantable}},
title = {{GBC International Bank Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/gbc-international-bank-foundation-morg_c028d8fee6cf47b6bc6a7e4fd9e65a0a},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from GBC International Bank Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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