Gummels Family Foundation Inc
Gummels Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PANAMA CITY BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 35 grants totaling $152K. Net investment income was $67K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
+23.3% YoY
Annual Giving
$152K
+68.9% YoY
Grant Count
35
+45.8% YoY
Avg Grant Size
$4K
+15.8% YoY
Under IRS private-foundation payout rules, Gummels Family Foundation Inc reported a distributable amount of $192K for 2024 — the minimum it must pay out in qualifying distributions.
About Gummels Family Foundation Inc
Based on IRS filings
Gummels Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PANAMA CITY BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 35 grants totaling $152K. Net investment income was $67K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,219,345 | $1,800,248 | $1,615,888 |
| Revenue | $915,147 | $457,247 | $413,122 |
| Expenses | $158,495 | $95,138 | $84,970 |
| Qualifying Distributions | $152,000 | $90,000 | $83,651 |
| Net Investment Income | $66,746 | $138,229 | $55,428 |
| Distributable Amount | $191,642 | $162,368 | $77,989 |
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
105 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Md Anderson Cancer Center ($15,000), Panama City Symphony ($12,500), Samaritan's Purse ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AIRLINK INC WASHINGTON, DC | DELIVER AID TO COMMUNITIES IN CRISIS | $2,000 |
| AMERICAN RED CROSS ASHEVILLE, NC | HURRICANE RELIEF | $5,000 |
| AMIKIDS MARITIME ACADEMY TAMPA, FL | DEVELOP YOUTH INTO RESP. CITIZENS | $2,000 |
| ANCHORAGE CHIILDREN'S HOME PANAMA CITY, FL | PROVIDE SAFETY TO ABUSED & HOMELESS | $5,000 |
| BAY COUNTY CONSERVANCY INC PANAMA CITY, FL | LAND CONSERVATION | $2,000 |
| BIG BROTHERSBIG SISTERS OF NW FL PANAMA CITY, FL | NURTURE CHILDREN & STRENGTHEN COMM. | $5,000 |
| BUNKERS POINT EDUCATIONAL FDN PANAMA CITY, FL | EDUCATION IN BOATING AND SAILING | $5,000 |
| DISABLED AMERICAN VETERANS CINCINNATI, OH | PROVIDE SUPPORT&SERVICES TO VETERANS | $4,000 |
| DOCTORS WITHOUT BORDERS HAGERSTOWN, MD | PROVIDE MEDICAL SERVICES WORLDWIDE | $5,000 |
| FIRST NATIONS DEVELOPMENT INSTITUTE LONGMONT, CO | STRENGTHEN AMERICAN INDIAN ECONOMIES | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENNETH GUMMELS | PRESIDENT | — | — |
| MARILYN GUMMELS | VP/SEC | — | — |
| MICHAEL E TOWNSEND | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gummels Family Foundation Inc?
Gummels Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PANAMA CITY BEACH, FL. It holds $2.2M in total assets as of 2024.
How large is Gummels Family Foundation Inc?
As of 2024, Gummels Family Foundation Inc holds $2.2M in total assets with $915K in annual revenue. It awarded 35 grants totaling $152K in 2024.
Where does Gummels Family Foundation Inc operate?
Gummels Family Foundation Inc has awarded grants in California, Colorado, District of Columbia, Florida, Georgia, Iowa, Kansas, Massachusetts, Maryland, North Carolina, Nebraska, New York, Ohio, Pennsylvania, Texas, Virginia.
What size grants does Gummels Family Foundation Inc award?
In 2024, Gummels Family Foundation Inc awarded 35 grants totaling $152K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Gummels Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gummels Family Foundation Inc reported a distributable amount of $192K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gummels Family Foundation Inc's EIN?
Gummels Family Foundation Inc's EIN (Employer Identification Number) is 81-4753569. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gummels 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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