Gsb Family Foundation Inc
Gsb Family Foundation Inc is a private foundation, based in VERO BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $421K in total assets. In 2024, it awarded 8 grants totaling $92K. Net investment income was $56K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$421K
-3.6% YoY
Annual Giving
$92K
+111.5% YoY
Grant Count
8
+33.3% YoY
Avg Grant Size
$12K
+58.6% YoY
Under IRS private-foundation payout rules, Gsb Family Foundation Inc reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.
About Gsb Family Foundation Inc
Based on IRS filings
Gsb Family Foundation Inc is a private foundation, based in VERO BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $421K in total assets. In 2024, it awarded 8 grants totaling $92K. Net investment income was $56K.
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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 | $421,056 | $436,597 | $407,981 |
| Revenue | $79,136 | $73,627 | $60,584 |
| Expenses | $94,677 | $45,011 | $14,262 |
| Qualifying Distributions | $93,511 | $45,011 | $13,831 |
| Net Investment Income | $56,329 | $49,189 | $31,831 |
| Distributable Amount | $35,621 | $28,673 | $27,043 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Communities Foundation of Texas Inc ($33,250), Western Carolina University Foundation ($33,250), Vail Memorial Park Foundation ($14,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COMMUNITIES FOUNDATION OF TEXAS INC DALLAS, TX | CHARITABLE PURPOSES | $33,250 |
| FRIENDS OF MOUNTAIN RESCUE EDWARDS, CO | CHARITABLE PURPOSES | $1,500 |
| MOUNTAIN VALLEY HORSE RESCUE MCCOY, CO | CHARITABLE PURPOSES | $1,000 |
| THE SALVATION ARMY VAIL AVON, CO | CHARITABLE PURPOSES | $2,500 |
| VAIL MEMORIAL PARK FOUNDATION VAIL, CO | CHARITABLE PURPOSES | $14,000 |
| VAIL PUBLIC LIBRARY VAIL, CO | CHARITABLE PURPOSES | $1,500 |
| VAIL VALLEY CHARITABLE FUND INC EDWARDS, CO | CHARITABLE PURPOSES | $5,000 |
| WESTERN CAROLINA UNIVERSITY FOUNDATION CULLOWHEE, NC | CHARITABLE PURPOSES | $33,250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRENDA M BAILEY | V. PRES | 1 | — |
| JEFF BAILEY | PRES / SEC | — | — |
| DOUGLAS BAILEY | V PRES | — | — |
| MARY BAILEY | V PRES | — | — |
| J VINCENT BOYLE | TREASURER | — | — |
Frequently Asked Questions
How large is Gsb Family Foundation Inc?
As of 2024, Gsb Family Foundation Inc holds $421K in total assets with $79K in annual revenue. It awarded 8 grants totaling $92K in 2024.
Where does Gsb Family Foundation Inc operate?
Gsb Family Foundation Inc has awarded grants in Colorado, Florida, North Carolina, New Jersey, Tennessee, Texas.
What size grants does Gsb Family Foundation Inc award?
In 2024, Gsb Family Foundation Inc awarded 8 grants totaling $92K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Gsb Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gsb Family Foundation Inc reported a distributable amount of $36K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gsb Family Foundation Inc's EIN?
Gsb Family Foundation Inc's EIN (Employer Identification Number) is 65-0714038. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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