Gift Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $26K in total assets. In 2024, it awarded 3 grants totaling $6K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$26K
+3256.2% YoY
Annual Giving
$6K
Grant Count
3
Avg Grant Size
$2K
Under IRS private-foundation payout rules, Gift Foundation reported a distributable amount of $89 for 2024 — the minimum it must pay out in qualifying distributions.
About Gift Foundation
Based on IRS filings
Gift Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $26K in total assets. In 2024, it awarded 3 grants totaling $6K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $25,541 | $761 | $3,314 |
| Revenue | $32,100 | $8,000 | $6,201 |
| Expenses | $7,320 | $10,553 | $2,887 |
| Qualifying Distributions | $6,221 | $9,262 | $965 |
| Net Investment Income | — | — | — |
| Distributable Amount | $89 | $95 | $45 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Kadejah Jenkins ($3,944), Patsie Walker ($1,277), Bryceton Likely ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PATSIE WALKER VANCE, AL | TO PROVIDE UTILITIES AND FOOD ASSISTANCE. | $1,277 |
| KADEJAH JENKINS GAINESVILLE, FL | TO PROVIDE RENTAL, DAY CARE, AND CAR MAINTENANCE ASSISTANCE. | $3,944 |
| BRYCETON LIKELY BIRMINGHAM, AL | TO PROVIDE RENTAL ASSISTANCE | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANGIE JACOBS | PRESIDENT / TREASURER | 5 | — |
| JAY JACOBS | VICE PRESIDENT / SECRETARY | 1 | — |
| HALEY JACOBS | DIRECTOR | 1 | — |
| MEAGAN JACOBS | DIRECTOR | 1 | — |
| JAYNE JACOBS | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gift Foundation?
Gift Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. It holds $26K in total assets as of 2024.
How large is Gift Foundation?
As of 2024, Gift Foundation holds $26K in total assets with $32K in annual revenue. It awarded 3 grants totaling $6K in 2024.
Where does Gift Foundation operate?
Gift Foundation has awarded grants in Alabama, Florida.
What size grants does Gift Foundation award?
In 2024, Gift Foundation awarded 3 grants totaling $6K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Gift Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gift Foundation reported a distributable amount of $89 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gift Foundation's EIN?
Gift Foundation's EIN (Employer Identification Number) is 37-2059396. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Gift Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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