Margo and Joseph Babb Family
Margo and Joseph Babb Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WINTERVILLE, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $98K in total assets. In 2024, it awarded 2 grants totaling $5K. Net investment income was $1K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$98K
+2.6% YoY
Annual Giving
$5K
-15.5% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$2K
-57.8% YoY
Under IRS private-foundation payout rules, Margo and Joseph Babb Family reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
About Margo and Joseph Babb Family
Based on IRS filings
Margo and Joseph Babb Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WINTERVILLE, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $98K in total assets. In 2024, it awarded 2 grants totaling $5K. Net investment income was $1K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $97,665 | $95,163 | $103,002 |
| Revenue | $15,495 | $2,475 | $103,529 |
| Expenses | $7,527 | $10,314 | $527 |
| Qualifying Distributions | $4,773 | $5,649 | — |
| Net Investment Income | $1,003 | — | $48,938 |
| Distributable Amount | $5,234 | $4,773 | $788 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 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 Heart for Enc ($2,387), Awaken Coffee ($2,386).
| Recipient | Purpose | Amount |
|---|---|---|
| HEART FOR ENC GREENVILLE, NC | PROMOTE LOCAL NONPROFITS | $2,387 |
| AWAKEN COFFEE GREENVILLE, NC | ASSIST PEOPLE WITH DISABILITIES | $2,386 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARGO L BABB | PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Margo and Joseph Babb Family?
Margo and Joseph Babb Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WINTERVILLE, NC. It holds $98K in total assets as of 2024.
How large is Margo and Joseph Babb Family?
As of 2024, Margo and Joseph Babb Family holds $98K in total assets with $15K in annual revenue. It awarded 2 grants totaling $5K in 2024.
Where does Margo and Joseph Babb Family operate?
Margo and Joseph Babb Family has awarded grants in North Carolina.
What size grants does Margo and Joseph Babb Family award?
In 2024, Margo and Joseph Babb Family awarded 2 grants totaling $5K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Margo and Joseph Babb Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Margo and Joseph Babb Family reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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