Gibbs Family Foundation Inc

OWASSO, OK EIN: 99-2213859

Gibbs Family Foundation Inc is a private foundation focused on Human Services, based in OWASSO, OK. IRS filing data is available for 2024. As of 2024, the organization holds $76K in total assets. In 2024, it awarded 7 grants totaling $139K. Net investment income was $6K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$76K

Annual Giving

$139K

Grant Count

Avg Grant Size

$20K

Under IRS private-foundation payout rules, Gibbs Family Foundation Inc reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.

About Gibbs Family Foundation Inc

Based on IRS filings

Focus Areas

Human Services

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Oklahoma $139K (100%)

States

Oklahoma

Cities

AftonEdmondGroveOwassoWyandotte

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024
Total Assets	$75,904
Revenue	$215,060
Expenses	$139,156
Qualifying Distributions	$139,156
Net Investment Income	$5,981
Distributable Amount	$3,655

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

7 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Turkey Ford Public Schools ($50,000), Grove Public Schools ($26,740), Cleora Public Schools ($25,000).

Recipient	Purpose	Amount
USS OKLAHOMA SSN802 INC Edmond, OK	GENERAL FUND	$10,000
GROVE PUBLIC SCHOOLS Grove, OK	STEM COMPUTERS	$26,740
CLEORA PUBLIC SCHOOLS Afton, OK	NUTRITUTION PROGRAM	$25,000
TURKEY FORD PUBLIC SCHOOLS Wyandotte, OK	ON CAMPUS GREENHOUSE STEM	$50,000
GROVE ROTARY FOUNDATION Grove, OK	LIBRARY	$10,000
HAR BER VILLIAGE FOUNDATION Grove, OK	MUSEUM	$2,000
HOPE IS ALIVE Owasso, OK	GENERAL FUND	$15,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JASON SHEFFIELD	PRESIDENT	2	—

Subject Areas

Focus areas based on grantmaking activity

Human Services

Frequently Asked Questions

What is Gibbs Family Foundation Inc?

Gibbs Family Foundation Inc is a private foundation focused on Human Services, based in OWASSO, OK. It holds $76K in total assets as of 2024.

How large is Gibbs Family Foundation Inc?

As of 2024, Gibbs Family Foundation Inc holds $76K in total assets with $215K in annual revenue. It awarded 7 grants totaling $139K in 2024.

Where does Gibbs Family Foundation Inc operate?

Gibbs Family Foundation Inc has awarded grants in Oklahoma.

What size grants does Gibbs Family Foundation Inc award?

In 2024, Gibbs Family Foundation Inc awarded 7 grants totaling $139K — an average of about $20K per grant, based on its IRS Form 990 filings.

How much is Gibbs Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Gibbs Family Foundation Inc reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.