GM Foundation Inc

Private foundation · Grantmaker King, NC EIN: 47-2304492

GM Foundation Inc is a private foundation, based in King, NC. IRS filing data is available from 2019 through 2020. In 2020, it awarded 1 grant totaling $21K.

Key facts about GM Foundation Inc

In short: GM Foundation Inc gave $21K across 1 grant in 2020 (avg $21K), mostly in North Carolina. Source: 2020 IRS Form 990-PF.

EIN
47-2304492
Latest 990 filing
Form 990-PF, 2020
Annual giving (2020)
$21,431
Grants made (2020)
1
Average grant
$21,431
Median grant
$21,431
Primary geography
North Carolina (100% of itemized 2020 grant dollars)

Data from IRS Form 990-PF, 2020; updated September 2026.

Financial Overview

From 2020 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$21K

-86.3% YoY

Grant Count

1

-66.7% YoY

Avg Grant Size

$21K

-58.8% YoY

Under IRS private-foundation payout rules, GM Foundation Inc reported a distributable amount of $161 for 2020 — the minimum it must pay out in qualifying distributions.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of the 2020 grant dollars on its one itemized grant.

Cities

Rural HallBooneNew York

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K3 grants2019 1 grant2020

From 2019 to 2020, annual grant giving ranged from $21K (2020) to $156K (2019). In 2020 it made 1 grant totaling $21K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2020

Jefferson Church of Christ: $21KJefferson Church of Christ$21K

The largest 2020 recipient was Jefferson Church of Christ ($21K).

Grant Size Distribution

4 grants across all recorded years

3<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 3 grants of 4 (75%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Jefferson Church of Christ Rural Hall, NCCharitable Activities$21,431

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
$0$50K$100K$150K$200K2019 2020
Metric20202019
Total Assets—$8,550
Revenue$15,051$28,660
Expenses$23,601$157,617
Distributable Amount$161$1,143

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS July 6, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
  3. IRS filings on file for fiscal years 2019–2020

Leadership & Key People

Officers and directors from IRS filings

GM Foundation Inc's 2020 filing lists 2 officers; none of the 2 officers listed in 2020 report compensation.

Officers on the 2020 filing

  • Dawn Speeney

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Michael J. Speeney III

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2019–2020. "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 GM Foundation Inc

How much does GM Foundation Inc give each year?

GM Foundation Inc gave $21K across 1 grant in 2020, according to its 2020 IRS Form 990-PF. In 2019 it gave $156K across 3 grants.

Where does GM Foundation Inc operate?

GM Foundation Inc has awarded grants in North Carolina, New York.

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

Private foundations must generally distribute about 5% of their assets annually. For 2020, GM Foundation Inc reported a distributable amount of $161 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is GM Foundation Inc's EIN?

GM Foundation Inc's EIN (Employer Identification Number) is 47-2304492. IRS Form 990 filing data is available on this page for 2019–2020.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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