GPC Scholarship Foundation Inc

Foundation · Grantmaker Atlanta, GA EIN: 86-2184124

GPC Scholarship Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Atlanta, GA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $404K in total assets. In 2024, it awarded 1 grant totaling $49K. Net investment income was $13K.

Key facts about GPC Scholarship Foundation Inc

EIN: 86-2184124
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $48,750
Grants made (2024): 1
Average grant: $48,750
Median grant: $48,750
Total assets: $404,141
Primary geography: Minnesota (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How GPC Scholarship Foundation Inc gives

In 2024 it paid out 346% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$404K

-22.0% YoY

Annual Giving

$49K

Grant Count

Avg Grant Size

$49K

Under IRS private-foundation payout rules, GPC Scholarship Foundation Inc reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.

About GPC Scholarship Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Minnesota $49K (100%)

Share of all 1 itemized 2024 grant dollars.

States

Minnesota

Cities

Minneapolis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$404,141	$518,154	$595,677
Revenue	$12,936	$37,265	$26,463
Expenses	$55,750	—	$15,131
Qualifying Distributions	$83,565	$27,591	$27,561
Net Investment Income	$12,936	$12,265	$11,463
Distributable Amount	$24,163	$27,591	$27,561

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2021–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Scholarship America Inc ($48,750).

Recipient	Purpose	Amount
SCHOLARSHIP AMERICA INC Minneapolis, MN	Scholarships	$48,750

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Matt Brigham	VP and Treasurer	1	—
Derek Goshay	Director and Chair	1	—
Jennifer Ellis	Secretary	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is GPC Scholarship Foundation Inc?

GPC Scholarship Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Atlanta, GA. It holds $404K in total assets as of 2024.

How large is GPC Scholarship Foundation Inc?

As of 2024, GPC Scholarship Foundation Inc holds $404K in total assets with $13K in annual revenue. It awarded 1 grant totaling $49K in 2024.

Where does GPC Scholarship Foundation Inc operate?

GPC Scholarship Foundation Inc has awarded grants in Minnesota.

What size grants does GPC Scholarship Foundation Inc award?

In 2024, GPC Scholarship Foundation Inc awarded 1 grant totaling $49K — an average of about $49K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, GPC Scholarship Foundation Inc reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is GPC Scholarship Foundation Inc's EIN?

GPC Scholarship Foundation Inc's EIN (Employer Identification Number) is 86-2184124. IRS Form 990 filing data is available on this page for 2021–2024.