OBX Inc

Private foundation · Grantmaker Palm Beach, FL EIN: 11-3089277

OBX Inc is a private foundation based in Palm Beach, Florida, that made 20 grants totaling $436,000 in 2024. Its recorded grants supported charitable organizations in several states, including schools, civic organizations, and other nonprofits.

OBX Inc at a glance

In short: OBX Inc gave $436K across 20 grants in 2024 (avg $22K), top state Arizona. 47% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$436,000
-31.8% vs 2023
Grants made (2024)
20
-23.1% vs 2023
Average grant
$21,800
-11.3% vs 2023
Median grant
$10,000
Total assets
$9,111,208
-1.4% vs 2023
New grantees (estimate)
47% first-time grantees (9 of 19, 2024; small sample)
Primary geography
Arizona (23% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).

How to apply to OBX Inc

Accepts unsolicited proposals
No
How to Apply

The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.

Contact

Mailing address: 241 Bradley Place, Palm Beach, FL 33480
Phone: (561) 459-2770

Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Who OBX Inc funds

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Turning Point USA: $100K across 2 grantsTurning Point USA$100K · 2 grantsSalisbury School: $65KSalisbury School$65KStand Foundation: $65KStand Foundation$65KNorth Shore Land Alliance: $50KNorth Shore Land Alliance$50KCancer Research: $25KCancer Research$25KConservative Partnership Institute: $25KConservative PartnershipInstitute$25KYale University: $20KYale University$20KCox Science Center Aquarium: $13KCox Science Center Aquarium$13KAlec: $10KAlec$10KBoys & Girls Clubs of Martin County: $10KBoys & Girls Clubs of MartinCounty$10K

The largest 2024 recipient was Turning Point USA ($100K across 2 grants). Together the top 10 received $383K.

Grant Size Distribution

102 grants across all recorded years

72<$50K22$50–100K7$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 72 grants of 102 (71%).

Geographic Focus

Where this funder awards grants

In 2024, the largest shares of grant dollars by recipient state went to Arizona (23%), Virginia (19%), Connecticut (19%), New York (18%), and Florida (10%).

Grant Distribution by State

14states

Share of 2024 grant dollars across all 20 itemized grants.

Cities

NashvilleNew YorkWashingtonPalm BeachPhoenixArlingtonNew HavenOlympiaOyster BaySherman OaksSuffolkWest Palm BeachChesapeakeHillsdaleHobe SoundHoustonIndianapolisOrlandoPotomacSalisbury

Is OBX Inc open to new grantees?

47%

first-time grantees, 2024

In 2024, 9 of 19 grantees (47%) were first-time recipients. With only 19 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $9K; repeat grants $35K. How we count

Medians: $10K first-time, $23K repeat.

  • 21% of 2024 grantees were also funded in 2023. Method
  • Giving fell 57% from 2021 to 2024. Method
  • In 2024 it paid out 45% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M17 grants2020 24 grants2021 15 grants2022 26 grants2023 20 grants2024

From 2020 to 2024, annual grant giving ranged from $416K (2020) to $1.0M (2021). In 2024 it made 20 grants totaling $436K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Salisbury School Salisbury, CTEducational$65,000
Stand Foundation Suffolk, VACIVIC$65,000
North Shore Land Alliance Oyster Bay, NYCIVIC$50,000
Turning Point USA Phoenix, AZReligious$50,000
Turning Point USA Phoenix, AZCIVIC$50,000
Cancer Research New York, NYReligious$25,000
Conservative Partnership Institute Washington, DCCIVIC$25,000
Yale University New Haven, CTCIVIC$20,000
Cox Science Center Aquarium West Palm Beach, FLCIVIC$12,500
Alec Arlington, VACIVIC$10,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$9,111,208$384,760$468,081$436,00020$436,000$384,760$960,295
2023$9,238,981$281,132$656,026$639,00026$639,000$358,392$818,004
2022$9,496,986$584,766$882,009$869,50015$869,500$359,406$829,931
2021$9,803,903$672,238$1,030,388$1,008,45524—$318,777$909,198
2020$10,162,488$497,468$434,389$415,80017—$298,765$762,063

Under IRS private-foundation payout rules, OBX Inc reported a distributable amount of $960K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for OBX Inc is stated in the available information. Its 2024 grants included support for education and civic purposes, as well as grants recorded under religious purposes. Among its grantees, Salisbury School describes its mission as fostering learning and students’ intellectual, physical, moral, and spiritual development. Turning Point USA describes its mission as promoting informed civic and cultural engagement. These are the grantees’ descriptions, not a stated mission of OBX Inc.

Grantmaking

In 2024, OBX Inc made 20 grants totaling $436,000. Grants ranged from $1,500 to $65,000, with a median grant of $10,000. Notable awards included $65,000 to Salisbury School and $65,000 to the Stand Foundation; $50,000 to North Shore Land Alliance; and two $50,000 grants to Turning Point USA, one recorded for a civic purpose and one for a religious purpose. Other listed awards included $25,000 to Conservative Partnership Institute and $20,000 to Yale University.

Leadership & Key People

Leadership team and compensation from IRS filings

Oliver R. Grace Jr. is listed as president on the 2024 filing.

OBX Inc is led by Oliver R. Grace Jr., President on every filing since 2020 — the only officer listed, and uncompensated.

Officers on the 2024 filing

  • Oliver R. Grace Jr.

    President

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "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 OBX Inc

How much does OBX Inc give each year?

OBX Inc gave $436K across 20 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $639K across 26 grants.

What is OBX Inc's typical grant size?

OBX Inc's median grant in 2024 was $10,000, and its average grant was $21,800, across 20 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from OBX Inc that year got $9K on average.

Where does OBX Inc give grants?

OBX Inc's top state is Arizona, with 23% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Virginia (19%) and Connecticut (19%). The most frequent recipient cities were Nashville, TN (4 grants), New York, NY (3 grants), Phoenix, AZ (2 grants) and West Palm Beach, FL (2 grants).

Does OBX Inc give general operating support?

Not in 2024: none of the 20 grants with a stated purpose on OBX Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Civic" (16 grants).

Who are OBX Inc's largest grantees?

OBX Inc's largest 2024 grantees include Turning Point USA ($100,000 across 2 grants), Salisbury School ($65,000) and Stand Foundation ($65,000), according to its 2024 IRS Form 990-PF. Together they received 53% of its itemized 2024 grant dollars.

How large is OBX Inc?

OBX Inc reported $9.1M in total assets on its 2024 IRS Form 990-PF. It paid out $436K in qualifying distributions that year, against a required minimum of $960K (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.

What does OBX Inc fund?

No mission statement for OBX Inc is stated in the available information. Its 2024 grants included support for education and civic purposes, as well as grants recorded under religious purposes. See mission & focus areas ↑

How do I apply for a grant from OBX Inc?

The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is OBX Inc's EIN?

OBX Inc's EIN (Employer Identification Number) is 11-3089277. IRS Form 990 filing data is available on this page for 2020–2024.

Does OBX Inc accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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Cite this profile

Grantable. (2026). OBX Inc funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/obx-inc-morg_b31dc897f7d94077848eb56fe2a125d6

BibTeX
@misc{grantable_113089277_2026,
  author       = {{Grantable}},
  title        = {{OBX Inc funder profile}},
  howpublished = {GrantGraph},
  year         = {2026},
  url          = {https://grantable.co/funders/obx-inc-morg_b31dc897f7d94077848eb56fe2a125d6},
  note         = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}

The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.

Figures come from OBX Inc'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.

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