Godbold Foundation Inc is a private foundation established in 1997 and based in Tierra Verde, Florida. The foundation is designated as a 501(c)(3) organization and operates as a family foundation focused on educational philanthropy, particularly scholarship support for high-achieving students with financial need.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.9M
+4.3% YoY
Annual Giving
$733K
+44.1% YoY
Grant Count
34
+0.0% YoY
Avg Grant Size
$22K
+44.1% YoY
Under IRS private-foundation payout rules, Godbold Foundation Inc reported a distributable amount of $432K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary focus is education, with a specific emphasis on scholarships for high-achieving, low-income high school seniors. The foundation administers the Sunshine Opportunity Scholarships program, which provides awards of up to $25,000 total over four years to eligible students.
Funding priorities include:
- Education nonprofits and educational foundations
- Universities and colleges
- Youth development programs
- Community service clubs
- Scholarship administration and student support programs
Grantmaking
The foundation seeks applications from:
Average Grant
amount: Varies significantly
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Geographic Focus
Where this funder awards grants
The foundation funds primarily in:
- Florida: Tampa Bay area and specified Florida counties
- North Carolina: Specific named communities
- South Carolina: Specific named communities
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $6,924,367
- Total revenues: $1,074,921
- Total expenses: $789,848
- Total liabilities: $0
- Investment income and dividends: $95,106
- Grants and contributions received: $393,925
Tax-Exempt Status: Tax-exempt since May 2019 (EIN: 59-3455170)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,924,367 | $6,639,294 | $7,042,075 |
| Revenue | $1,074,921 | $152,177 | $19,744 |
| Expenses | $789,848 | $554,958 | $718,044 |
| Qualifying Distributions | $772,944 | $544,846 | $689,862 |
| Net Investment Income | $679,538 | $149,868 | $496,254 |
| Distributable Amount | $431,971 | $384,965 | $388,627 |
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
71 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Georgia Tech Foundation ($348,769), University of Florida ($75,000), University of South Florida ($68,750).
| Recipient | Purpose | Amount |
|---|---|---|
| 1ST PRESBYTERIAN CHURCH ST PETERSBURG, FL | Contribution for charity's use in its programs & activities | $5,000 |
| ALL SAINTS EPISCOPAL CHURCH HILTON HEAD ISLAND, SC | Contribution for charity's use in its programs & activities | $100 |
| BANNER ELK PRESBYTERIAN BANNER ELK, NC | Contribution for charity's use in its programs & activities | $13,500 |
| FLORIDA A&M UNIVERSITY TALLAHASSEE, FL | Assist financially needy high school seniors in the Tampa Bay area of FL attend a state university | $6,250 |
| FLORIDA ATLANTIC UNIVERSITY BOCA RATON, FL | Assist financially needy high school seniors in the Tampa Bay area of FL attend a state university | $6,250 |
| FLORIDA STATE UNIVERSITY TALLAHASSEE, FL | Assist financially needy high school seniors in the Tampa Bay area of FL attend a state university | $53,125 |
| GEORGIA TECH ALUMNI ASSOCIATION ATLANTA, GA | Contribution for charity's use in its programs & activities | $3,750 |
| GEORGIA TECH FOUNDATION ATLANTA, GA | Contribution for charity's use in its programs & activities | $348,769 |
| LES MCRAE COLLEGE BANNER ELK, NC | Contribution for charity's use in its programs & activities | $1,000 |
| NORTH CAROLINA STATE UNIVERSITY RALEIGH, NC | Assist financially needy high school seniors in the southeast attend a state university | $12,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board Members:
- Francis S. "Bo" Godbold – President, Treasurer
- John Godbold – Vice President
- Laura Blair – Vice President
- Elizabeth H. Godbold – Secretary
All board members serve without compensation.
Founder Background: Francis S. "Bo" Godbold is an investment banker and security firm executive with a background at Raymond James Financial, Inc. He is a Harvard University graduate and Georgia Tech alumnus with extensive involvement in civic and educational organizations, including service on the Georgia Tech Foundation board and as a trustee of the Georgia Tech Alumni Association.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Francis Godbold | President | 2 | — |
| John Godbold | Vice Pres | 1 | — |
| Laura Blair | Vice Pres | 1 | — |
| Elizabeth Godbold | Secretary | 2 | — |
| Francis Godbold | Treasurer | 2 | — |
Contact Information
Address: 1625 Oceanview Drive Tierra Verde, FL 33715
Telephone: 727-567-5003
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Godbold Foundation Inc fund?
The foundation's primary focus is education, with a specific emphasis on scholarships for high-achieving, low-income high school seniors. The foundation administers the Sunshine Opportunity Scholarships program, which provides awards of up to $25,000 total over four years to eligible students. Funding priorities include: • Education nonprofits and educational foundations • Universities and colleges • Youth development programs • Community service clubs • Scholarship administration and student s…
How do I apply for a grant from Godbold Foundation Inc?
**Grant Activity (2024)** • Total giving: $733,444 • Number of grants: 34 • Median grant amount: $5,000 • Maximum grant amount: $348,769 • Average grant amount: Varies significantly **Recent Major Grants (2024)** • Georgia Tech Foundation: $348,769 • University of South Florida: $68,750 • Florida State University: $53,125 **Ideal Applicants** The foundation seeks applications from: • Universities, scholarship intermediaries, or local education-focused nonprofits • Organizations serving high-ach…
Where does Godbold Foundation Inc make grants?
The foundation funds primarily in: • **Florida**: Tampa Bay area and specified Florida counties • **North Carolina**: Specific named communities • **South Carolina**: Specific named communities
What size grants does Godbold Foundation Inc award?
In 2024, Godbold Foundation Inc awarded 34 grants totaling $733K — an average of about $22K per grant, based on its IRS Form 990 filings.
How much is Godbold Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Godbold Foundation Inc reported a distributable amount of $432K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Godbold Foundation Inc's EIN?
Godbold Foundation Inc's EIN (Employer Identification Number) is 59-3455170. IRS Form 990 filing data is available on this page for 2020–2024.
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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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