JG Foundation
JG Foundation is a private foundation, based in Beverly Hills, CA. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $10.2M in total assets. Net investment income was $6.2M.
JG Foundation at a glance
- Total assets
- $10,206,702
- +151.2% vs 2025
- Revenue (2026)
- $6,153,311
- +792.7% vs 2025
- Net investment income (2026)
- $6,153,311
- +805.9% vs 2025
- Expenses (2026)
- $10,000
- -75.0% vs 2025
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who JG Foundation funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How JG Foundation gives
- Giving fell 98% from 2022 to 2025. Method
- In 2025 it paid out 10% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2025, annual grant giving ranged from $10K (2023) to $3.1M (2020). In 2025 it made 1 grant totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Institute of Christ the King Sovereign Priest Chicago, IL | Charitable | $30,000 |
Ready to take the next step with JG Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | $10,206,702 | $6,153,311 | $10,000 | — | — | — | $6,153,311 | $354,613 |
| 2025 | $4,063,391 | $689,277 | $40,000 | $30,000 | 1 | $30,000 | $679,277 | $301,550 |
| 2024 | $3,414,114 | $87,520 | $4,450 | — | — | — | $83,070 | $222,183 |
| 2023 | $3,331,046 | $49,372 | $23,675 | $10,000 | 1 | $10,000 | $35,697 | $163,428 |
| 2022 | $3,305,349 | $48,513 | $1,265,507 | $1,250,000 | 1 | $1,250,000 | $43,006 | $176,209 |
| 2021 | $4,522,193 | $919,288 | $2,476,710 | $2,450,000 | 3 | — | $850,567 | $229,505 |
| 2020 | $6,079,614 | $4,744,018 | $3,291,244 | $3,150,000 | 2 | — | $3,713,008 | $299,822 |
Under IRS private-foundation payout rules, JG Foundation reported a distributable amount of $355K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
JG Foundation is led by James Gipson, President on every filing since 2020; none of the 2 officers listed in 2026 report compensation.
Officers on the 2026 filing
James Gipson
President
On filings since 2020
0.5 hrs/week
No compensation reported
Michael Kromm
Secretary & CFO
On filings since 2020
0.5 hrs/week
$10K (2021) → $0 (2026)
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $10K, to Michael Kromm (Secretary & CFO).
Frequently asked questions about JG Foundation
How large is JG Foundation?
JG Foundation reported $10.2M in total assets on its 2026 IRS Form 990-PF. Its revenue that year was $6.2M.
Where does JG Foundation operate?
JG Foundation has awarded grants in California, Illinois, Massachusetts, Missouri.
How much is JG Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2026, JG Foundation reported a distributable amount of $355K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is JG Foundation's EIN?
JG Foundation's EIN (Employer Identification Number) is 95-4693758. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 26, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in JG Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in California
Gail G Ellis Foundation Inc
Bannockburn, IL
The foundation supports preselected charities working in areas including health care, education, children’s learning, and culture, with 2024 grants ranging from $250 to $100,000 and a median of $1,000. Its giving is concentrated in California, New York, New Mexico, and Illinois, and it does not accept unsolicited requests.
Assets
$13.2M
Grants
123
Total Given
$641K
Carrie Estelle Doheny Foundation
Los Angeles, CA
The foundation funds Greater Los Angeles nonprofits in social welfare, health and wellness, education, and religion, with a focus guided by Catholic values. In 2024, grants ranged from $196 to $425,000, with a median of $25,000. It accepts applications through its website from eligible nonprofits; organizations may apply once per year.
Assets
$215.3M
Grants
263
Total Given
$9.2M
The Hearst Foundation
New York, NY
The Hearst Foundation supports established U.S. nonprofits in culture, education, health, and social services, with grants typically ranging from $75,000 to $500,000 and a median of $150,000. It funds organizations nationwide; its New York office reviews proposals east of the Mississippi River and its San Francisco office reviews those west of it.
Assets
$430.3M
Grants
111
Total Given
$17.0M
Bull Henry W Foundation
Eagan, MN
The foundation supports a range of causes, including arts, land conservation, animal care, and medical research; its 2024 grants had a median of $5,000 and ranged from $2,000 to $45,000. Based in Milwaukee, it gave most of its 2024 grant dollars to California organizations, with some support across other states. It accepts requests by letter through US Bank N.A., with April 1 and September 1 deadlines.
Assets
$4.6M
Grants
77
Total Given
$652K
The Nesburn Family Foundation
Santa Monica, CA
Assets
$560K
Grants
29
Total Given
$72K
Pasadena Community Foundation
Pasadena, CA
Pasadena Community Foundation funds nonprofits and community initiatives across arts and culture, education, human services, health and safety, community development, and environmental and animal welfare, primarily in Pasadena, Altadena, and Sierra Madre. Its 2025 grants had a median award of $20,000, though amounts varied widely; it uses both competitive and invitation-only programs, and the profile does not state whether it accepts unsolicited requests.
Assets
$225.2M
Grants
275
Total Given
$27.9M
More similar funders
More Funders in California
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from JG Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
JG Foundation down — hundreds of funders to go?