The Bobo Family Foundation Inc
The Bobo Family Foundation Inc is a private foundation, based in ATLANTA, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $341K in total assets. In 2024, it awarded 6 grants totaling $32K. Net investment income was $20K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$341K
+2.6% YoY
Annual Giving
$32K
-3.0% YoY
Grant Count
6
-14.3% YoY
Avg Grant Size
$5K
+13.1% YoY
Under IRS private-foundation payout rules, The Bobo Family Foundation Inc reported a distributable amount of $27K for 2024 — the minimum it must pay out in qualifying distributions.
About The Bobo Family Foundation Inc
Based on IRS filings
The Bobo Family Foundation Inc is a private foundation, based in ATLANTA, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $341K in total assets. In 2024, it awarded 6 grants totaling $32K. Net investment income was $20K.
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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 | $340,660 | $332,139 | $326,804 |
| Revenue | $40,312 | $38,956 | $51,363 |
| Expenses | $32,403 | $33,621 | $32,387 |
| Qualifying Distributions | $32,000 | $33,000 | $32,098 |
| Net Investment Income | $19,521 | $19,341 | $30,294 |
| Distributable Amount | $27,287 | $25,131 | $27,402 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wesleyan School ($7,000), Belmont University ($5,000), Fernbank Museum of Natural History ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BELMONT UNIVERSITY NASHVILLE, TN | OPERATING GRANT | $5,000 |
| FERNBANK MUSEUM OF NATURAL HISTORY ATLANTA, GA | CAPITAL CAMPAIGN | $5,000 |
| GEORGIANS UNITED INC ATLANTA, GA | OPERATING GRANT | $5,000 |
| HIGHLANDS (NC) PERFORMING ARTS CENTER HIGHLANDS, NC | CAPITAL CAMPAIGN | $5,000 |
| MAZIE'S MISSION CARROLLTON, TX | OPERATING GRANT | $5,000 |
| WESLEYAN SCHOOL PEACHTREE CORNERS, GA | CAPITAL CAMPAIGN | $7,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RONALD B BOBO | PRESIDENT/TREAS. | 1 | — |
| JUDITH A BOBO | SECRETARY | 0.5 | — |
| PARKER J GRANDITS | DIRECTOR | 0.1 | — |
| FRANK R BOBO | DIRECTOR | 0.1 | — |
Frequently Asked Questions
How large is The Bobo Family Foundation Inc?
As of 2024, The Bobo Family Foundation Inc holds $341K in total assets with $40K in annual revenue. It awarded 6 grants totaling $32K in 2024.
Where does The Bobo Family Foundation Inc operate?
The Bobo Family Foundation Inc has awarded grants in Georgia, North Carolina, Tennessee, Texas.
What size grants does The Bobo Family Foundation Inc award?
In 2024, The Bobo Family Foundation Inc awarded 6 grants totaling $32K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The Bobo Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Bobo Family Foundation Inc reported a distributable amount of $27K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Bobo Family Foundation Inc's EIN?
The Bobo Family Foundation Inc's EIN (Employer Identification Number) is 58-2064363. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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