James K and Dana B Gulley Memorial

Private foundation · Grantmaker Orlando, FL EIN: 35-7257917

James K and Dana B Gulley Memorial is a private foundation, based in Orlando, FL. IRS filing data is available from 2020 through 2021. In 2021, it awarded 3 grants totaling $1.5M. Net investment income was $486K.

Key facts about James K and Dana B Gulley Memorial

In short: James K and Dana B Gulley Memorial gave $1.5M across 3 grants in 2021 (avg $517K), mostly in North Carolina. Source: 2021 IRS Form 990-PF.

EIN
35-7257917
Latest 990 filing
Form 990-PF, 2021
Annual giving (2021)
$1,549,656
Grants made (2021)
3
Average grant
$516,552
Median grant
$516,552
Primary geography
North Carolina (100% of itemized 2021 grant dollars)

Data from IRS Form 990-PF, 2021; updated September 2026.

Financial Overview

From 2021 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$1.5M

Grant Count

3

Avg Grant Size

$517K

Under IRS private-foundation payout rules, James K and Dana B Gulley Memorial reported a distributable amount of $9K for 2021 — the minimum it must pay out in qualifying distributions.

How James K and Dana B Gulley Memorial gives

  • In 2021 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2021 grant dollars across all 3 itemized grants.

Cities

Goldsboro

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M$2M0 grants2020 3 grants2021

In 2021 it made 3 grants totaling $1.5M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2021

Saint Paul United Methodist Church: $517KSaint Paul United MethodistChurch$517KFirst Baptist Church of Goldsboro: $517KFirst Baptist Church ofGoldsboro$517KPine Forest United Methodist Church: $517KPine Forest United MethodistChurch$517K

The largest 2021 recipient was Saint Paul United Methodist Church ($517K). Together the top 3 received $1.5M.

Grant Size Distribution

3 grants across all recorded years

<$50K$50–100K$100–250K$250–500K3$500K–1M$1–5M$5M+

The most common grant size was in the $500K–1M range: 3 grants of 3 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Saint Paul United Methodist Church Goldsboro, NCGeneral Operating$516,552
First Baptist Church of Goldsboro Goldsboro, NCGeneral Operating$516,552
Pine Forest United Methodist Church Goldsboro, NCGeneral Operating$516,552

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M$2M2020 2021
Metric20212020
Total Assets—$1,080,566
Revenue$486,471$1,390,054
Expenses$1,568,025$19,799
Qualifying Distributions$1,559,975—
Net Investment Income$486,426$22,704
Distributable Amount$9,037$62,283

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
  2. IRS filings on file for fiscal years 2020–2021

Leadership & Key People

Officers and directors from IRS filings

James K and Dana B Gulley Memorial's only listed officer is Truist Bank, Trustee on the 2021 filing (uncompensated).

Officers on the 2021 filing

  • Truist Bank

    Trustee

    New on the 2021 filing

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: Branch Banking AND Trust Company (2020) — Trustee

Data from IRS Form 990 filings, 2020–2021. "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 James K and Dana B Gulley Memorial

How much does James K and Dana B Gulley Memorial give each year?

James K and Dana B Gulley Memorial gave $1.5M across 3 grants in 2021, according to its 2021 IRS Form 990-PF.

What is James K and Dana B Gulley Memorial's typical grant size?

James K and Dana B Gulley Memorial's median grant in 2021 was $516,552, and its average grant was $516,552, across 3 grants on its 2021 IRS Form 990-PF.

Where does James K and Dana B Gulley Memorial give grants?

James K and Dana B Gulley Memorial gives mostly in North Carolina: 100% of the grant dollars itemized on its 2021 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Goldsboro, NC (3 grants).

Does James K and Dana B Gulley Memorial give general operating support?

Yes: 100% of James K and Dana B Gulley Memorial's 2021 grants with a stated purpose (3 of 3) were for general or operating support, per its 2021 IRS Form 990-PF.

How much is James K and Dana B Gulley Memorial required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2021, James K and Dana B Gulley Memorial reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is James K and Dana B Gulley Memorial's EIN?

James K and Dana B Gulley Memorial's EIN (Employer Identification Number) is 35-7257917. IRS Form 990 filing data is available on this page for 2020–2021.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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