P & B Foundation
P & B Foundation is a private foundation focused on Religion, based in MATTHEWS, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $9.1M in total assets. In 2025, it awarded 9 grants totaling $407K. Net investment income was $917K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$9.1M
+7.6% YoY
Annual Giving
$407K
+20.2% YoY
Grant Count
9
-10.0% YoY
Avg Grant Size
$45K
+33.6% YoY
Under IRS private-foundation payout rules, P & B Foundation reported a distributable amount of $537K for 2025 — the minimum it must pay out in qualifying distributions.
About P & B Foundation
Based on IRS filings
P & B Foundation is a private foundation focused on Religion, based in MATTHEWS, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $9.1M in total assets. In 2025, it awarded 9 grants totaling $407K. Net investment income was $917K.
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $9,134,497 | $8,487,642 | $8,593,226 |
| Revenue | $1,285,269 | $502,146 | $794,894 |
| Expenses | $628,766 | $539,964 | $507,609 |
| Qualifying Distributions | $532,541 | $448,634 | $475,747 |
| Net Investment Income | $916,913 | $278,336 | $415,560 |
| Distributable Amount | $537,446 | $478,049 | $434,028 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
Grant Size Distribution
59 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Baptist Mid Mission ($186,928), Central Missionary Clearinghouse ($74,800), Baptist International Missions ($57,174).
| Recipient | Purpose | Amount |
|---|---|---|
| BAPTIST MID MISSION CLEVELAND, OH | RELIGIOUS | $186,928 |
| BAPTIST INTERNATIONAL MISSIONS HARRISON, TN | RELIGIOUS | $57,174 |
| BAPTIST WORLD MISSION DECATUR, AL | RELIGIOUS | $28,552 |
| MT ABARIUM BAPTIST ARLINGTON, TX | RELIGIOUS | $14,100 |
| INDEPENDENT BAPTIST MISSION GLOBAL NASHUA, NH | RELIGIOUS | $9,000 |
| MISSIOSERVE WHEATON, IL | RELIGIOUS | $9,400 |
| FELLOWSHIP INTERNATIONAL MISSION ALLENTOWN, PA | RELIGIOUS | $9,000 |
| BAPTIST INT'L EVG MINISTRIES DANVILLE, IN | RELIGIOUS | $18,200 |
| CENTRAL MISSIONARY CLEARINGHOUSE HOUSTON, TX | RELIGIOUS | $74,800 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LARRY C PRATT | PRES/SEC/TRE | 40 | $103,742 |
| BARRY SHEARER | DIRECTOR | — | $300 |
| KEVIN FRYE | V. PRES | — | $300 |
| TOMMY ABERNETHY | DIRECTOR | — | $300 |
| MARK HUDSON | DIRECTOR | — | $300 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is P & B Foundation?
P & B Foundation is a private foundation focused on Religion, based in MATTHEWS, NC. It holds $9.1M in total assets as of 2025.
How large is P & B Foundation?
As of 2025, P & B Foundation holds $9.1M in total assets with $1.3M in annual revenue. It awarded 9 grants totaling $407K in 2025.
Where does P & B Foundation operate?
P & B Foundation has awarded grants in Alabama, Florida, Illinois, Indiana, Minnesota, North Carolina, New Hampshire, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, West Virginia.
What size grants does P & B Foundation award?
In 2025, P & B Foundation awarded 9 grants totaling $407K — an average of about $45K per grant, based on its IRS Form 990 filings.
How much is P & B Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, P & B Foundation reported a distributable amount of $537K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is P & B Foundation's EIN?
P & B Foundation's EIN (Employer Identification Number) is 23-7083912. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in P & B Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.