Gummels Family Foundation Inc

PANAMA CITY BEACH, FL EIN: 81-4753569

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

+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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $143K (36%)

Texas $44K (11%)

Georgia $39K (10%)

North Carolina $29K (7%)

Colorado $25K (6%)

California $23K (6%)

Pennsylvania $21K (5%)

Ohio $17K (4%)

+8 more states

States

California Colorado District of Columbia Florida Georgia Iowa Kansas Massachusetts Maryland North Carolina Nebraska New York Ohio Pennsylvania Texas Virginia

Cities

AmericuAmericusAshevilleAtlantaBlue AshBooneBostonCaryCincinnatiClermontDenverGarden ValleyHagerstownHoustonLongmontLynn HavenNaplesNew YorkNorcrossNorfolk

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.