Ibc Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAREDO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.5M in total assets. In 2024, it awarded 5 grants totaling $2.1M. Net investment income was $180K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.5M
-25.4% YoY
Annual Giving
$2.1M
+71.7% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$412K
+37.3% YoY
Under IRS private-foundation payout rules, Ibc Foundation reported a distributable amount of $236K for 2024 — the minimum it must pay out in qualifying distributions.
About Ibc Foundation
Based on IRS filings
Ibc Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAREDO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.5M in total assets. In 2024, it awarded 5 grants totaling $2.1M. Net investment income was $180K.
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 | $3,464,403 | $4,644,639 | $4,055,631 |
| Revenue | $881,949 | $1,792,705 | $673,379 |
| Expenses | $2,062,185 | $1,203,697 | $1,078,450 |
| Qualifying Distributions | $2,060,000 | $1,203,197 | $1,077,950 |
| Net Investment Income | $179,949 | $91,205 | $22,379 |
| Distributable Amount | $236,305 | $200,555 | $185,721 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
15 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 ($1,000,000), Ut Health Science Center ($400,000), Ut Health Science Center ($400,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UT HEALTH SCIENCE CENTER SAN ANTONIO, TX | WILLIAM HEINRICH MEMORIAL ENDOWMENT | $10,000 |
| ST MARY'S UNIVERSITY SAN ANTONIO, TX | NURSING WING | $250,000 |
| MD ANDERSON CANCER CENTER HOUSTON, TX | ENDOWMENT | $1,000,000 |
| UT HEALTH SCIENCE CENTER SAN ANTONIO, TX | MASS SPECTROMETER | $400,000 |
| UT HEALTH SCIENCE CENTER SAN ANTONIO, TX | ENDOWED PROFESSORSHIPS | $400,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DENNIS E NIXON | DIRECTOR/PRESIDENT | 1 | — |
| JUDITH WAWROSKI | DIRECTOR/VP/TREASURER | 1 | — |
| MARISSA V SANTOS | SECRETARY | 1 | — |
| LARRY NORTON | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ibc Foundation?
Ibc Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAREDO, TX. It holds $3.5M in total assets as of 2024.
How large is Ibc Foundation?
As of 2024, Ibc Foundation holds $3.5M in total assets with $882K in annual revenue. It awarded 5 grants totaling $2.1M in 2024.
Where does Ibc Foundation operate?
Ibc Foundation has awarded grants in Connecticut, Louisiana, New York, Texas.
What size grants does Ibc Foundation award?
In 2024, Ibc Foundation awarded 5 grants totaling $2.1M — an average of about $412K per grant, based on its IRS Form 990 filings.
How much is Ibc Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ibc Foundation reported a distributable amount of $236K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ibc Foundation's EIN?
Ibc Foundation's EIN (Employer Identification Number) is 74-2902265. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Ibc Foundation'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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