JB Foundation Inc

Foundation · Grantmaker North Webster, IN EIN: 31-1152381

JB Foundation Inc is a private foundation, based in North Webster, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.7M in total assets. In 2024, it awarded 28 grants totaling $228K. Net investment income was $349K.

Key facts about JB Foundation Inc

EIN: 31-1152381
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $228,299
Grants made (2024): 28
Average grant: $8,154
Median grant: $1,000
Total assets: $4,677,277
Primary geography: Rhode Island (83% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who JB Foundation Inc funds

By grant dollars, the top recipient states for JB Foundation Inc's 28 itemized 2024 grants were Rhode Island (83%) and Indiana (12%). The most frequent recipient cities were North Webster, IN (13 grants), Muncie, IN (3 grants) and Warwick, RI (2 grants). None of its 28 grants with a stated purpose were described as general or operating support. Recurring purposes include "To Help Further Their Exempt Purpose" (26 grants).

How JB Foundation Inc gives

4% of 2024 grantees were also funded in 2023. Method
Giving grew 1661% from 2021 to 2024. Method
In 2024 it paid out 103% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.7M

+23.2% YoY

Annual Giving

$228K

+69.8% YoY

Grant Count

+86.7% YoY

Avg Grant Size

$8K

-9.0% YoY

Under IRS private-foundation payout rules, JB Foundation Inc reported a distributable amount of $224K for 2024 — the minimum it must pay out in qualifying distributions.

About JB Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Rhode Island $190K (83%)

Indiana $28K (12%)

Idaho $3K (1%)

Illinois $2K (1%)

Colorado $2K (1%)

All other $4K (2%)

Share of all 28 itemized 2024 grant dollars.

States

Arizona Colorado Georgia Idaho Illinois Indiana Kentucky Michigan Ohio Oklahoma Pennsylvania Rhode Island Virginia Washington

Cities

North WebsterMuncieBridgevilleClevelandColorado SpringsCreteFederal WayHillsdalePhoenixRound LakeWarwickIndianapolisLouisvilleNampaAtlantaBartlesvilleLansdowneMarion

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,677,277	$3,796,197	$3,256,257
Revenue	$348,957	$144,666	$67,248
Expenses	$231,179	$137,975	$25,232
Qualifying Distributions	$230,299	$137,415	$24,678
Net Investment Income	$348,957	$144,666	$67,248
Distributable Amount	$224,191	$184,385	$175,427

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

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

65 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Vanguard Charitable-JB Fund ($187,165), Santa Barbara Scholorship Fund ($15,000), Lotusland ($2,500).

Recipient	Purpose	Amount
VANGUARD CHARITABLE-JB FUND Warwick, RI	TO HELP FURTHER THEIR EXEMPT PURPOSE	$187,165
SANTA BARBARA SCHOLORSHIP FUND North Webster, IN	TO HELP FURTHER THEIR EXEMPT PURPOSE	$15,000
LOTUSLAND Nampa, ID	TO HELP FURTHER THEIR EXEMPT PURPOSE	$2,500
PLANNED PARENTHOOD Warwick, RI	TO FURTHER CHARITABLE PURPOSES	$2,500
SANTA BARBARA SCHOOL OF SQUASH Muncie, IN	TO HELP FURTHER THEIR EXEMPT PURPOSE	$2,500
ALZHEIMERS ASSOC-CA CENTRAL COAST Crete, IL	TO HELP FURTHER THEIR EXEMPT PURPOSE	$2,000
WOMEN'S FUND OF SANTA BARBARA Colorado Springs, CO	TO HELP FURTHER THEIR EXEMPT PURPOSE	$2,000
NATIONAL MS SOCIETY North Webster, IN	TO HELP FURTHER THEIR EXEMPT PURPOSE	$1,500
TRANSITION HOUSE Federal Way, WA	TO HELP FURTHER THEIR EXEMPT PURPOSE	$1,500
AFRICAN WOMEN RISING North Webster, IN	TO HELP FURTHER THEIR EXEMPT PURPOSE	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Michael N Baur	Director	1	$1,000
Vicki Baur	Director	1	$1,000
Mary Jo Baur	Director	1	—

Frequently Asked Questions

How large is JB Foundation Inc?

As of 2024, JB Foundation Inc holds $4.7M in total assets with $349K in annual revenue. It awarded 28 grants totaling $228K in 2024.

Where does JB Foundation Inc operate?

JB Foundation Inc has awarded grants in Arizona, Colorado, Georgia, Idaho, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Pennsylvania, Rhode Island, Virginia, Washington.

What size grants does JB Foundation Inc award?

In 2024, JB Foundation Inc awarded 28 grants totaling $228K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is JB Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, JB Foundation Inc reported a distributable amount of $224K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.