Groves Family Foundation Inc
Groves Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORAL GABLES, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $618K in total assets. In 2024, it awarded 12 grants totaling $60K. Net investment income was $10K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$618K
-0.2% YoY
Annual Giving
$60K
-25.0% YoY
Grant Count
12
+50.0% YoY
Avg Grant Size
$5K
-50.0% YoY
Under IRS private-foundation payout rules, Groves Family Foundation Inc reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.
About Groves Family Foundation Inc
Based on IRS filings
Groves Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORAL GABLES, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $618K in total assets. In 2024, it awarded 12 grants totaling $60K. Net investment income was $10K.
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 | $618,278 | $619,356 | $693,457 |
| Revenue | $70,019 | $17,497 | $1,904 |
| Expenses | $71,024 | $91,579 | $81,516 |
| Qualifying Distributions | $60,000 | $80,000 | $70,000 |
| Net Investment Income | $10,012 | $15,248 | $16,628 |
| Distributable Amount | $39,942 | $37,787 | $40,418 |
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
51 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Kettering University ($5,000), Kettering University ($5,000), Mcgill University ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| KETTERING UNIVERSITY FLINT, MI | EDUCATION SCHOLARSHIP | $5,000 |
| KETTERING UNIVERSITY FLINT, MI | EDUCATION SCHOLARSHIP | $5,000 |
| MCGILL UNIVERSITY | EDUCATION SCHOLARSHIP | $5,000 |
| MCGILL UNIVERSITY | EDUCATION SCHOLARSHIP | $5,000 |
| UNIVERSITY OF ARKANSAS FAYETTEVILLE, AR | EDUCATION SCHOLARSHIP | $5,000 |
| UNIVERSITY OF ARKANSAS FAYETTEVILLE, AR | EDUCATION SCHOLARSHIP | $5,000 |
| VALENCIA COLLEGE ORLANDO, FL | EDUCATION SCHOLARSHIP | $5,000 |
| VALENCIA COLLEGE ORLANDO, FL | EDUCATION SCHOLARSHIP | $5,000 |
| FLORIDA INTERNATIONAL UNIVERSITY MIAMI, FL | EDUCATION SCHOLARSHIP | $5,000 |
| FLORIDA INSTITUTE OF TECHNOLOGY MELBOURNE, FL | EDUCATION SCHOLARSHIP | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GRAHAM GROVES | PRESIDENT/TR | 5 | — |
| MARGARET M GROVES | DIRECTOR SEC | 1 | — |
| GENE GROVES | VICE PRESIDE | 1 | — |
| GAYLE GROVES CAMPBELL | VICE PRESIDE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Groves Family Foundation Inc?
Groves Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORAL GABLES, FL. It holds $618K in total assets as of 2024.
How large is Groves Family Foundation Inc?
As of 2024, Groves Family Foundation Inc holds $618K in total assets with $70K in annual revenue. It awarded 12 grants totaling $60K in 2024.
Where does Groves Family Foundation Inc operate?
Groves Family Foundation Inc has awarded grants in Arkansas, Florida, Michigan, New York, Texas.
What size grants does Groves Family Foundation Inc award?
In 2024, Groves Family Foundation Inc awarded 12 grants totaling $60K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Groves Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Groves Family Foundation Inc reported a distributable amount of $40K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Groves Family Foundation Inc's EIN?
Groves Family Foundation Inc's EIN (Employer Identification Number) is 81-3577428. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Groves Family Foundation Inc'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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