JD Gibbs Legacy Foundation Inc
JD Gibbs Legacy Foundation Inc is a private foundation, 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.
JD Gibbs Legacy Foundation Inc at a glance
In short: JD Gibbs Legacy Foundation Inc gave $1.3M across 3 grants in 2024 (avg $441K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,323,932
- +1223.9% vs 2023
- Grants made (2024)
- 3
- +200.0% vs 2023
- Average grant
- $441,311
- +341.3% vs 2023
- Median grant
- $50,000
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who JD Gibbs Legacy Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was The JD Gibbs Legacy Fund ($1.3M). Together the top 3 received $1.3M.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 8 grants of 11 (73%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How JD Gibbs Legacy Foundation Inc gives
- Giving grew 2307% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $1K (2022) to $1.3M (2024). In 2024 it made 3 grants totaling $1.3M.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $88,995 | $1,332,782 | $1,323,932 | 3 | $1,323,932 | $73,645 | $56,289 |
| 2023 | $1,009,206 | $143,660 | $111,845 | $100,000 | 1 | $100,000 | $18,719 | $44,408 |
| 2022 | $881,630 | $-52,679 | $15,759 | $1,000 | 1 | $1,000 | $8,752 | $45,605 |
| 2021 | $1,047,941 | $42,316 | $60,748 | $55,000 | 6 | $55,000 | $36,568 | $38,565 |
| 2020 | $625,073 | $6,581 | $1,085 | — | — | — | $5,496 | $17,390 |
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.
Leadership & Key People
Officers and directors from IRS filings
JD Gibbs Legacy Foundation Inc is led by Melissa Gibbs, Chairman on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Melissa Gibbs
Chairman
On filings since 2020
No compensation reported
Joe J. Gibbs
Director
On filings since 2020
No compensation reported
William M. Gibbs
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 JD Gibbs Legacy Foundation Inc
How much does JD Gibbs Legacy Foundation Inc give each year?
JD Gibbs Legacy Foundation Inc gave $1.3M across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $100K across 1 grant.
What is JD Gibbs Legacy Foundation Inc's typical grant size?
JD Gibbs Legacy Foundation Inc's median grant in 2024 was $50,000, and its average grant was $441,311, across 3 grants on its 2024 IRS Form 990-PF.
Where does JD Gibbs Legacy Foundation Inc give grants?
JD Gibbs Legacy Foundation Inc gives mostly in North Carolina: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does JD Gibbs Legacy Foundation Inc give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on JD Gibbs Legacy Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Operations" (3 grants).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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