The Gibbs Charitable Foundation is a private foundation established in 2002 and located in Spartanburg, South Carolina. It operates as a company-sponsored foundation with a primary purpose of providing income from the recovery of contributions paid in prior years.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$31K
-45.0% YoY
Annual Giving
$1.2M
-16.7% YoY
Grant Count
26
-13.3% YoY
Avg Grant Size
$47K
-3.9% YoY
Under IRS private-foundation payout rules, Gibbs Charitable Foundation reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports organizations involved with:
- Radio
- Higher education
- Health
- Hunger
- Sports
- Human services
- Christianity
Grantmaking
The foundation made 25 grants in 2023. Recent notable grants include:
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation gives primarily in South Carolina, with emphasis on Spartanburg.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $55,959
- Total Revenues: $725,306
- Total Expenses: $1,473,184
- Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $30,754 | $55,959 | $803,837 |
| Revenue | $1,200,199 | $725,306 | $2,136,709 |
| Expenses | $1,225,404 | $1,473,184 | $1,339,476 |
| Qualifying Distributions | $1,225,400 | $1,471,850 | $1,339,475 |
| Net Investment Income | $199 | $306 | $109 |
| Distributable Amount | $5,158 | $7,966 | $2,201 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
131 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wofford College ($560,000), Spartanburg Regional Foundation ($175,000), Converse University ($125,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADULT LEARNING CENTER SPARTANBURG, SC | CHARITABLE | $3,500 |
| ALIGHT SPARTANBURG, SC | CHARITABLE | $94,000 |
| COKER UNIVERSITY HARTSVILLE, SC | CHARITABLE | $1,000 |
| CONVERSE UNIVERSITY SPARTANBURG, SC | CHARITABLE | $125,000 |
| DEFINITION CHURCH GREENSBORO, NC | CHARITABLE | $5,000 |
| DOWNTOWN SERTOMA CLUB SPARTANBURG, SC | CHARITABLE | $300 |
| FIRST BAPTIST CHURCH OF SPARTANBURG SPARTANBURG, SC | CHARITABLE | $12,000 |
| FIRST TEE UPSTATE SOUTH CAROLINA GREENVILLE, SC | CHARITABLE | $5,000 |
| HARRY DALLARA MEMORIAL FOUNDATION TRYON, NC | CHARITABLE | $15,000 |
| HIS RADIO NETWORK-WLFJ& WGFJ GREENVILLE, SC | CHARITABLE | $12,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Marsha Gibbs — Director
- Jimmy I. Gibbs — Trustee/Donor
- Allen O. Clark — Trustee
- J. Brian Honeycutt — Trustee
- Joe Lesesne — Trustee
- Sidney H. Walker — Trustee
Donors: Jimmy I. Gibbs, Marsha H. Gibbs, and Gibbs International, Inc.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JIMMY I GIBBS | TRUSTEE | — | — |
| MARSHA H GIBBS | TRUSTEE | — | — |
| SIDNEY H WALKER | TRUSTEE | — | — |
| ALLEN O CLARK | TRUSTEE | — | — |
| J BRIAN HONEYCUTT | TRUSTEE | — | — |
Contact Information
Address: PO Box 1727, Spartanburg, SC 29304-1727
Phone: 864-439-8752
EIN: 57-1111450
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Gibbs Charitable Foundation fund?
The foundation supports organizations involved with: • Radio • Higher education • Health • Hunger • Sports • Human services • Christianity
How do I apply for a grant from Gibbs Charitable Foundation?
**Grant Activity:** The foundation made 25 grants in 2023. Recent notable grants include: • Wofford College: $756,000 (2023) • Spartanburg Regional Foundation: $350,000 (2023) • SVJI Sports Foundation: $100,000 (2023) **Application Process:** The foundation contributes only to pre-selected organizations and does not accept unsolicited applications. **Grant Restrictions:** No grants are made to individuals.
Where does Gibbs Charitable Foundation make grants?
The foundation gives primarily in South Carolina, with emphasis on Spartanburg.
What size grants does Gibbs Charitable Foundation award?
In 2024, Gibbs Charitable Foundation awarded 26 grants totaling $1.2M — an average of about $47K per grant, based on its IRS Form 990 filings.
How much is Gibbs Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gibbs Charitable Foundation reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gibbs Charitable Foundation's EIN?
Gibbs Charitable Foundation's EIN (Employer Identification Number) is 57-1111450. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gibbs Charitable Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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