Gibson Foundation
Gibson Foundation Inc is a private non-operating foundation based in Culver, Indiana. Established in 1978, the organization operates as a charitable and educational corporation with tax-exempt status. The foundation's primary purpose is making gifts, grants, and loans to other organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
+5.7% YoY
Annual Giving
$103K
-52.5% YoY
Grant Count
45
+2.3% YoY
Avg Grant Size
$2K
-53.5% YoY
Under IRS private-foundation payout rules, Gibson Foundation reported a distributable amount of $113K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation focuses on civic contributions, education, environmental causes, scholarships, and religious initiatives. Its grant-making priorities emphasize education, philanthropy, voluntarism, and human services, with a particular concentration on serving Indiana, Michigan, and Kentucky.
Grantmaking
The foundation has awarded 134 grants totaling $401,950 across multiple years. Recent grantees include WNIT Public Television, Cultivate Food Rescue, and Marshall County Community Foundation. The foundation maintains tight relationships with established partners, with only 4% of recent grants going to new grantees, indicating a preference for funding established organizations.
Average Grant
amount: $100–$130,000
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Geographic Focus
Where this funder awards grants
The foundation demonstrates highly concentrated geographic giving, with 93% of all grants awarded in Indiana. Within the state, funding concentrates in Plymouth (40%), South Bend (18%), and Culver (18%). The foundation also provides funding in Kentucky and Michigan.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Income (as of December 2023):
- Total assets: $2,134,467
- Total giving: $215,850
- Total revenues: $77,889
- Total expenses: $217,565
Historical Asset Trend: The foundation's assets have remained relatively stable, ranging from approximately $1.7 million to $2.3 million over the past decade, with assets reaching $2,134,467 by 2023.
Tax Status:
- EIN: 35-1422779
- IRS Ruling Date: September 1978
- Exempt Status: Unconditional Exemption
- Contributions are tax-deductible
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,255,223 | $2,134,467 | $2,274,143 |
| Revenue | $220,727 | $77,889 | $244,916 |
| Expenses | $99,971 | $217,565 | $110,511 |
| Qualifying Distributions | $102,600 | $215,850 | $94,850 |
| Net Investment Income | $193,036 | $71,653 | $170,947 |
| Distributable Amount | $112,554 | $103,503 | $104,363 |
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
223 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Iu Foundation ($13,200), Marshall County Community Fdn ($10,000), St Thomas Episcopal Churc ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALZHEIMERS SERVICES SOUTH BEND, IN | CIVIC | $250 |
| BLESSINGS IN A BACKPACK LOUISVILLE, KY | CIVIC | $1,000 |
| BOYS & GIRLS CLUB OF MARS PLYMOUTH, IN | CIVIC | $5,000 |
| CRIME STOPPERS SOUTH BEND, IN | CIVIC | $250 |
| CULTIVATE FOOD RESCUE SOUTH BEND, IN | CIVIC | $5,000 |
| CULVER COMMUNITY CHRISTMAS FUND CULVER, IN | CIVIC | $250 |
| CULVER EDUCATIONAL FDN CULVER, IN | EDUCATION | $1,000 |
| CULVER YOUTH CLUB CULVER, IN | CIVIC | $1,000 |
| HEARTLAND ARTISTS GALLERY PLYMOUTH, IN | CIVIC | $500 |
| INDIANA STATE UNIVERSITY TERRE HAUTE, IN | SCHOLARSHIP | $1,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Virginia L Gibson serves as Vice President and Secretary of the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID D GIBSON | PRES/TREAS | — | — |
| VIRGINIA L GIBSON | VP/SECRETARY | — | — |
| CAMERON S GIBSON | DIRECTOR | — | — |
| GAYLE M GIBSON | DIRECTOR | — | — |
Recent Activity
Recent developments and announcements
The foundation maintains consistent grant-making capacity with stable funding levels showing a 5% change over two years, indicating predictable philanthropic resources. The foundation's diversified giving approach across multiple program areas suggests openness to various causes and cross-sector solutions.
Frequently Asked Questions
What does Gibson Foundation fund?
The foundation focuses on civic contributions, education, environmental causes, scholarships, and religious initiatives. Its grant-making priorities emphasize education, philanthropy, voluntarism, and human services, with a particular concentration on serving Indiana, Michigan, and Kentucky.
How do I apply for a grant from Gibson Foundation?
**Grant Activity:** • Made 45 grants in the most recent tax year (2022) • Total giving of $215,850 in 2023 • Individual grants range from $100 to $130,000 • Median grant award: $1,000 • Average grant amount: $100–$130,000 **Grantee Profile:** The foundation has awarded 134 grants totaling $401,950 across multiple years. Recent grantees include WNIT Public Television, Cultivate Food Rescue, and Marshall County Community Foundation. The foundation maintains tight relationships with established pa…
Where does Gibson Foundation make grants?
The foundation demonstrates highly concentrated geographic giving, with 93% of all grants awarded in Indiana. Within the state, funding concentrates in Plymouth (40%), South Bend (18%), and Culver (18%). The foundation also provides funding in Kentucky and Michigan.
What size grants does Gibson Foundation award?
In 2024, Gibson Foundation awarded 45 grants totaling $103K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Gibson Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gibson Foundation reported a distributable amount of $113K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gibson Foundation's EIN?
Gibson Foundation's EIN (Employer Identification Number) is 35-1422779. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gibson 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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