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 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 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
Live grants for the work JG Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in JG Foundation's focus areas in our free grants database
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