L T & Lina Gibson Foundation is a private foundation focused on Human Services, based in PITTSBURGH, PA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $5.0M in total assets. In 2024, it awarded 3 grants totaling $155K. Net investment income was $151K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.0M
-0.1% YoY
Annual Giving
$155K
Grant Count
3
Avg Grant Size
$52K
Under IRS private-foundation payout rules, L T & Lina Gibson Foundation reported a distributable amount of $258K for 2024 — the minimum it must pay out in qualifying distributions.
About L T & Lina Gibson Foundation
Based on IRS filings
L T & Lina Gibson Foundation is a private foundation focused on Human Services, based in PITTSBURGH, PA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $5.0M in total assets. In 2024, it awarded 3 grants totaling $155K. Net investment income was $151K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $4,996,420 | $5,002,088 |
| Revenue | $190,607 | $5,002,088 |
| Expenses | $196,275 | — |
| Qualifying Distributions | $155,962 | — |
| Net Investment Income | $151,197 | $2,088 |
| Distributable Amount | $258,199 | $11,446 |
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
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Us Lbm Foundation ($110,000), Make-a-wish Foundation of Metro New York and Western New York ($25,000), Summit Charter School Foundation ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MAKE-A-WISH FOUNDATION OF METRO NEW YORK AND WESTERN NEW YORK NEW YORK, NY | TO SUPPORT CREATING LIFE CHANGING WISHES FOR CHILDREN WITH CRITICAL ILLNESSES | $25,000 |
| SUMMIT CHARTER SCHOOL FOUNDATION CASHIERS, NC | TO SUPPORT SUMMIT CHARTER SCHOOL | $20,000 |
| US LBM FOUNDATION BUFFALO GROVE, IL | TO HELP THOSE IN NEED ALSO ACHIEVE THEIR DREAMS | $110,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LT GIBSON | DIRECTOR | 0.5 | — |
| LINA GIBSON | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is L T & Lina Gibson Foundation?
L T & Lina Gibson Foundation is a private foundation focused on Human Services, based in PITTSBURGH, PA. It holds $5.0M in total assets as of 2024.
How large is L T & Lina Gibson Foundation?
As of 2024, L T & Lina Gibson Foundation holds $5.0M in total assets with $191K in annual revenue. It awarded 3 grants totaling $155K in 2024.
Where does L T & Lina Gibson Foundation operate?
L T & Lina Gibson Foundation has awarded grants in Illinois, North Carolina, New York.
What size grants does L T & Lina Gibson Foundation award?
In 2024, L T & Lina Gibson Foundation awarded 3 grants totaling $155K — an average of about $52K per grant, based on its IRS Form 990 filings.
How much is L T & Lina Gibson Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, L T & Lina Gibson Foundation reported a distributable amount of $258K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is L T & Lina Gibson Foundation's EIN?
L T & Lina Gibson Foundation's EIN (Employer Identification Number) is 93-4901688. IRS Form 990 filing data is available on this page for 2023–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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