GSB Family Foundation Inc
GSB Family Foundation Inc is a private foundation, based in Vero Beach, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $650K in total assets. In 2025, it awarded 9 grants totaling $75K. Net investment income was $81K.
GSB Family Foundation Inc at a glance
In short: GSB Family Foundation Inc gave $75K across 9 grants in 2025 (avg $8K), top state Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $74,500
- -19.0% vs 2024
- Grants made (2025)
- 9
- +12.5% vs 2024
- Average grant
- $8,278
- -28.0% vs 2024
- Median grant
- $3,500
- Total assets
- $650,310
- +54.4% vs 2024
- Primary geography
- Texas (34% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who GSB Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Communities Foundation of Texas Inc ($25K). Together the top 9 received $75K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 37 grants of 37 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How GSB Family Foundation Inc gives
- Giving grew 496% from 2022 to 2025. Method
- In 2025 it paid out 186% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $12K (2019) to $92K (2024). In 2025 it made 9 grants totaling $75K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Communities Foundation of Texas Inc Dallas, TX | Charitable Purposes | $25,000 |
| Western Carolina University Foundation Cullowhee, NC | Charitable Purposes | $25,000 |
| Vail Valley Foundation Avon, CO | Charitable Purposes | $7,000 |
| Vail Health Services Foundation Vail, CO | Charitable Purposes | $5,000 |
| Eagle Valley Community Foundation Vail, CO | Charitable Purposes | $3,500 |
| Roundup River Ranch Gypsum, CO | Charitable Purposes | $3,000 |
| Habitat for Humanity Vail Valley Inc Avon, CO | Charitable Purposes | $2,500 |
| The Cycle Effect Eagle, CO | Charitable Purposes | $2,000 |
| Walking Mountains Avon, CO | Charitable Purposes | $1,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $650,310 | $306,782 | $77,528 | $74,500 | 9 | $76,665 | $81,472 | $41,135 |
| 2024 | $421,056 | $79,136 | $94,677 | $92,000 | 8 | $93,511 | $56,329 | $35,621 |
| 2023 | $436,597 | $73,627 | $45,011 | $43,500 | 6 | $45,011 | $49,189 | $28,673 |
| 2022 | $407,981 | $60,584 | $14,262 | $12,500 | 5 | $13,831 | $31,831 | $27,043 |
| 2021 | $361,659 | $79,873 | $87,990 | $85,500 | 9 | $86,811 | $48,269 | $29,334 |
| 2020 | $369,776 | $89,094 | $24,622 | $22,333 | 4 | — | $64,674 | $22,169 |
| 2019 | $305,304 | $77,136 | $13,604 | $12,333 | 6 | — | $30,472 | $21,355 |
Under IRS private-foundation payout rules, GSB Family Foundation Inc reported a distributable amount of $41K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
GSB Family Foundation Inc is led by Brenda M. Bailey, V. President on every filing since 2019; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Brenda M. Bailey
V. President
On filings since 2019
1 hr/week
No compensation reported
Jeff Bailey
President & Secretary
Secretary → President & Secretary, 2022
On filings since 2019
No compensation reported
Douglas Bailey
V President
On filings since 2022
No compensation reported
Mary Bailey
V President
On filings since 2022
No compensation reported
J. Vincent Boyle
Treasurer
On filings since 2022
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 GSB Family Foundation Inc
How much does GSB Family Foundation Inc give each year?
GSB Family Foundation Inc gave $75K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $92K across 8 grants.
What is GSB Family Foundation Inc's typical grant size?
GSB Family Foundation Inc's median grant in 2025 was $3,500, and its average grant was $8,278, across 9 grants on its 2025 IRS Form 990-PF.
Where does GSB Family Foundation Inc give grants?
GSB Family Foundation Inc's top state is Texas, with 34% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were North Carolina (34%) and Colorado (33%). The most frequent recipient cities were Avon, CO (3 grants) and Vail, CO (2 grants).
Who are GSB Family Foundation Inc's largest grantees?
GSB Family Foundation Inc's largest 2025 grantees include Communities Foundation of Texas Inc ($25,000), Western Carolina University Foundation ($25,000) and Vail Valley Foundation ($7,000), according to its 2025 IRS Form 990-PF. Together they received 77% of its itemized 2025 grant dollars.
How large is GSB Family Foundation Inc?
GSB Family Foundation Inc reported $650K in total assets on its 2025 IRS Form 990-PF. It paid out $77K in qualifying distributions that year, against a required minimum of $41K (roughly 5% of its investment assets).
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS February 28, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 29, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 2, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 3, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 3, 2026)
- IRS filings on file for fiscal years 2019–2025
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