The Bob & Carol Gunn Foundation
The Bob & Carol Gunn Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WICHITA FALLS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $143K in total assets. In 2024, it awarded 1 grants totaling $8K. Net investment income was $32.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$143K
-5.6% YoY
Annual Giving
$8K
-70.7% YoY
Grant Count
1
-88.9% YoY
Avg Grant Size
$8K
+163.7% YoY
Under IRS private-foundation payout rules, The Bob & Carol Gunn Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
About The Bob & Carol Gunn Foundation
Based on IRS filings
The Bob & Carol Gunn Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WICHITA FALLS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $143K in total assets. In 2024, it awarded 1 grants totaling $8K. Net investment income was $32.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $143,100 | $151,568 | $179,912 |
| Revenue | $132 | $56 | — |
| Expenses | $8,600 | $28,400 | $11,178 |
| Qualifying Distributions | $8,000 | $27,300 | $11,070 |
| Net Investment Income | $32 | — | — |
| Distributable Amount | $7,256 | $8,163 | $9,136 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wichita Falls Boys and Girls Club ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WICHITA FALLS BOYS AND GIRLS CLUB WICHITA FALLS, TX | OPERATIONS | $8,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT D GUNN | PRESIDENT, SEC., TREASURER | — | — |
| CAROL C GUNN | DIRECTOR | — | — |
| DONALD J HUPP | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Bob & Carol Gunn Foundation?
The Bob & Carol Gunn Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WICHITA FALLS, TX. It holds $143K in total assets as of 2024.
How large is The Bob & Carol Gunn Foundation?
As of 2024, The Bob & Carol Gunn Foundation holds $143K in total assets with $132 in annual revenue. It awarded 1 grants totaling $8K in 2024.
Where does The Bob & Carol Gunn Foundation operate?
The Bob & Carol Gunn Foundation has awarded grants in California, District of Columbia, Louisiana, Texas.
What size grants does The Bob & Carol Gunn Foundation award?
In 2024, The Bob & Carol Gunn Foundation awarded 1 grants totaling $8K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is The Bob & Carol Gunn Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Bob & Carol Gunn Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Bob & Carol Gunn Foundation's EIN?
The Bob & Carol Gunn Foundation's EIN (Employer Identification Number) is 75-2836910. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Bob & Carol Gunn 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.