Gibbons Family Foundation Inc
Gibbons Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New Providence, NJ. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $383K in total assets. Net investment income was $10K.
Key facts about Gibbons Family Foundation Inc
- EIN
- 88-3105531
- Latest 990 filing
- Form 990-PF, 2024
- Total assets
- $383,315
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$383K
+36.9% YoY
Revenue
$105K
-58.1% YoY
Net Investment Income
$10K
Expenses
$1K
-93.3% YoY
Under IRS private-foundation payout rules, Gibbons Family Foundation Inc reported a distributable amount of $17K for 2024 — the minimum it must pay out in qualifying distributions.
How Gibbons Family Foundation Inc gives
- In 2023 it paid out 505% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $383,315 | $279,960 | $49,985 |
| Revenue | $104,697 | $250,000 | $50,000 |
| Expenses | $1,342 | $20,025 | $15 |
| Qualifying Distributions | — | $20,000 | — |
| Net Investment Income | $10,494 | — | — |
| Distributable Amount | $17,149 | $3,960 | $1,268 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
Leadership & Key People
Officers and directors from IRS filings
Gibbons Family Foundation Inc's 2024 filing lists 4 officers; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
David H. Gibbons Jr.
Trustee
On filings since 2022
0.2 hrs/week
No compensation reported
John O. McManus
Trustee
On filings since 2022
No compensation reported
Samuel Gibbons
Trustee
On filings since 2022
0.2 hrs/week
No compensation reported
Susan W. Gibbons
Trustee
On filings since 2022
0.2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "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 Gibbons Family Foundation Inc
How large is Gibbons Family Foundation Inc?
Gibbons Family Foundation Inc reported $383K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $105K.
What is Gibbons Family Foundation Inc?
Gibbons Family Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in New Providence, NJ. It holds $383K in total assets as of 2024.
Where does Gibbons Family Foundation Inc operate?
Gibbons Family Foundation Inc has awarded grants in New Jersey.
How much is Gibbons Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gibbons Family Foundation Inc reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gibbons Family Foundation Inc's EIN?
Gibbons Family Foundation Inc's EIN (Employer Identification Number) is 88-3105531. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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