Margo and Joseph Babb Family
Margo and Joseph Babb Family is a private foundation, based in Winterville, NC. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $100K in total assets. In 2025, it awarded 1 grant totaling $5K. Net investment income was $2K.
Margo and Joseph Babb Family at a glance
In short: Margo and Joseph Babb Family gave $5K across 1 grant in 2025 (avg $5K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $5,234
- +9.7% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $5,234
- +119.3% vs 2024
- Median grant
- $5,234
- Total assets
- $100,364
- +2.8% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Margo and Joseph Babb Family funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Ocracoke Preservation Society ($5K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Margo and Joseph Babb Family gives
- In 2025 it paid out 95% 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 2023 to 2025, annual grant giving ranged from $5K (2024) to $6K (2023). In 2025 it made 1 grant totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ocracoke Preservation Society Ocracoke, NC | To Preserve History & Culture | $5,234 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $100,364 | $10,740 | $8,041 | $5,234 | 1 | $5,234 | $1,778 | $5,531 |
| 2024 | $97,665 | $15,495 | $7,527 | $4,773 | 2 | $4,773 | $1,003 | $5,234 |
| 2023 | $95,163 | $2,475 | $10,314 | $5,649 | 1 | $5,649 | — | $4,773 |
| 2022 | $103,002 | $103,529 | $527 | — | — | — | $48,938 | $788 |
Under IRS private-foundation payout rules, Margo and Joseph Babb Family reported a distributable amount of $6K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Margo and Joseph Babb Family is led by Margo L. Babb, President on every filing since 2022 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Margo L. Babb
President
On filings since 2022
No compensation reported
Data from IRS Form 990 filings, 2022–2025. "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 Margo and Joseph Babb Family
How much does Margo and Joseph Babb Family give each year?
Margo and Joseph Babb Family gave $5K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5K across 2 grants.
How large is Margo and Joseph Babb Family?
Margo and Joseph Babb Family reported $100K in total assets on its 2025 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $6K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Margo and Joseph Babb Family operate?
Margo and Joseph Babb Family has awarded grants in North Carolina.
What is Margo and Joseph Babb Family's EIN?
Margo and Joseph Babb Family's EIN (Employer Identification Number) is 88-3780333. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 7, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 19, 2026)
- IRS filings on file for fiscal years 2022–2025
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