Jd Gibbs Legacy Foundation Inc

CORNELIUS, NC EIN: 85-0980763

Jd Gibbs Legacy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORNELIUS, NC. IRS filing data is available from 2020 through 2024. In 2024, it awarded 3 grants totaling $1.3M. Net investment income was $74K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$1.3M

+1223.9% YoY

Grant Count

+200.0% YoY

Avg Grant Size

$441K

+341.3% YoY

Under IRS private-foundation payout rules, Jd Gibbs Legacy Foundation Inc reported a distributable amount of $56K for 2024 — the minimum it must pay out in qualifying distributions.

About Jd Gibbs Legacy Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Ready to take the next step with Jd Gibbs Legacy Foundation Inc?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $1.3M (90%)

Colorado $100K (7%)

Virginia $15K (1%)

Florida $10K (1%)

Iowa $10K (1%)

New Jersey $10K (1%)

Georgia $6K (0%)

States

Colorado Florida Georgia Iowa North Carolina New Jersey Virginia

Cities

AlbanyAlpharettaBooneBristowCalifonColorado SpringsCorneliusHarlanHuntersvilleJacksonville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	—	$1,009,206	$881,630
Revenue	$88,995	$143,660	$-52,679
Expenses	$1,332,782	$111,845	$15,759
Qualifying Distributions	$1,323,932	$100,000	$1,000
Net Investment Income	$73,645	$18,719	$8,752
Distributable Amount	$56,289	$44,408	$45,605

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

11 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Jd Gibbs Legacy Fund ($1,268,932), Ambassador Christian School ($50,000), Youth for Tomorrrow ($5,000).

Recipient	Purpose	Amount
THE JD GIBBS LEGACY FUND CORNELIUS, NC	OPERATIONS	$1,268,932
AMBASSADOR CHRISTIAN SCHOOL HUNTERSVILLE, NC	OPERATIONS	$50,000
YOUTH FOR TOMORRROW BRISTOW, VA	OPERATIONS	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MELISSA GIBBS	CHAIRMAN	—	—
JOE J GIBBS	DIRECTOR	—	—
WILLIAM M GIBBS	DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Jd Gibbs Legacy Foundation Inc?

Jd Gibbs Legacy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORNELIUS, NC. It holds — in total assets as of 2024.

Where does Jd Gibbs Legacy Foundation Inc operate?

Jd Gibbs Legacy Foundation Inc has awarded grants in Colorado, Florida, Georgia, Iowa, North Carolina, New Jersey, Virginia.

What size grants does Jd Gibbs Legacy Foundation Inc award?

In 2024, Jd Gibbs Legacy Foundation Inc awarded 3 grants totaling $1.3M — an average of about $441K per grant, based on its IRS Form 990 filings.

How much is Jd Gibbs Legacy Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Jd Gibbs Legacy Foundation Inc reported a distributable amount of $56K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Jd Gibbs Legacy Foundation Inc's EIN?

Jd Gibbs Legacy Foundation Inc's EIN (Employer Identification Number) is 85-0980763. IRS Form 990 filing data is available on this page for 2020–2024.