Ruby and Gib Strate Family Foundation Inc

VINCENNES, IN EIN: 26-1277697

Ruby and Gib Strate Family Foundation Inc is a private foundation focused on Education, based in VINCENNES, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $437K in total assets. In 2024, it awarded 16 grants totaling $17K. Net investment income was $22K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$437K

+4.3% YoY

Annual Giving

$17K

-14.7% YoY

Grant Count

-15.8% YoY

Avg Grant Size

$1K

+1.3% YoY

Under IRS private-foundation payout rules, Ruby and Gib Strate Family Foundation Inc reported a distributable amount of $21K for 2024 — the minimum it must pay out in qualifying distributions.

About Ruby and Gib Strate Family Foundation Inc

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $84K (95%)

Illinois $4K (5%)

States

Illinois Indiana

Cities

BicknellBrucevilleDeputyFisherLewisvilleOaktownPetersburgSandbornSheridanVincennesWashingtonWinslow

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$436,639	$418,568	$410,468
Revenue	$35,785	$29,826	$11,481
Expenses	$18,617	$21,767	$23,663
Qualifying Distributions	$18,617	$21,767	$23,663
Net Investment Income	$22,052	$18,459	$14,249
Distributable Amount	$20,774	$19,262	$20,806

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

95 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Indiana University Fbobriley Utt ($1,200), University of Southern Indianalucy ($1,200), University of Evansville Fboolivia ($1,200).

Recipient	Purpose	Amount
INDIANA UNIVERSITY FBOBRILEY UTT OAKTOWN, IN	EDUCATIONAL SCHOLARSHIP	$1,200
UNIVERSITY OF SOUTHERN INDIANALUCY BRUCEVILLE, IN	EDUCATIONAL SCHOLARSHIP	$1,200
UNIVERSITY OF SOUTHERN INDIANA FBOM BRUCEVILLE, IN	EDUCATIONAL SCHOLARSHIP	$600
UNIVERSITY OF EVANSVILLE FBOOLIVIA OAKTOWN, IN	EDUCATIONAL SCHOLARSHIP	$1,200
UNIVERSITY OF SOUTHERN INDIANA FBOA VINCENNES, IN	EDUCATIONAL SCHOLARSHIP	$1,200
BUTLER UNIVERSITY FBO ABIGAIL MCKIN OAKTOWN, IN	EDUCATIONAL SCHOLARSHIP	$1,200
LIBERTY UNIVERSITY FBO SALENA DELLI VINCENNES, IN	EDUCATIONAL SCHOLARSHIP	$1,200
PURDUE UNIVERSITY FBO HANNAH WOODFO WINSLOW, IN	EDUCATIONAL SCHOLARSHIP	$1,200
GRACE COLLEGE FBOCORA ARMES BICKNELL, IN	EDUCATIONAL SCHOLARSHIP	$1,200
BUTLER UNIVERSITY FBO REAGAN CRAIG PETERSBURG, IN	EDUCATIONAL SCHOLARSHIP	$1,200

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ANN DIX	PRESIDENT	0.5	—
RON DIX	VICE-PRESIDENT	0.25	—
CARRIE BELLAMY	TREASURER	0.25	—
JOE CRAIG	SECRETARY	0.25	—
C BRIAN SIMPSON	DIRECTOR	0.25	—

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Ruby and Gib Strate Family Foundation Inc?

Ruby and Gib Strate Family Foundation Inc is a private foundation focused on Education, based in VINCENNES, IN. It holds $437K in total assets as of 2024.

How large is Ruby and Gib Strate Family Foundation Inc?

As of 2024, Ruby and Gib Strate Family Foundation Inc holds $437K in total assets with $36K in annual revenue. It awarded 16 grants totaling $17K in 2024.

Where does Ruby and Gib Strate Family Foundation Inc operate?

Ruby and Gib Strate Family Foundation Inc has awarded grants in Illinois, Indiana.

What size grants does Ruby and Gib Strate Family Foundation Inc award?

In 2024, Ruby and Gib Strate Family Foundation Inc awarded 16 grants totaling $17K — an average of about $1K per grant, based on its IRS Form 990 filings.

How much is Ruby and Gib Strate Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Ruby and Gib Strate Family Foundation Inc reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Ruby and Gib Strate Family Foundation Inc's EIN?

Ruby and Gib Strate Family Foundation Inc's EIN (Employer Identification Number) is 26-1277697. IRS Form 990 filing data is available on this page for 2020–2024.