The Gibbs Foundation Inc
The Gibbs Foundation's purpose is to provide funds to organizations qualifying as exempt under section 501(c)(3) of the internal revenue code, as stipulated by the Gibbs Foundation criteria.
The Gibbs Foundation Inc at a glance
In short: The Gibbs Foundation Inc gave $2.2M across 5 grants in 2024 (avg $443K), mostly in Kentucky. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $2,215,000
- -31.1% vs 2023
- Grants made (2024)
- 5
- +0.0% vs 2023
- Average grant
- $443,000
- -31.1% vs 2023
- Median grant
- $200,000
- Total assets
- $953,760
- -14.8% vs 2023
- Primary geography
- Kentucky (97% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who The Gibbs Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was University of Louisville Foundation ($1.3M). Together the top 5 received $2.2M.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was in the $100–250K range: 12 grants of 22 (55%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How The Gibbs Foundation Inc gives
- Giving grew 191% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $450K (2020) to $3.2M (2023). In 2024 it made 5 grants totaling $2.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Louisville Foundation Louisville, KY | To Further the Organization's Exempt Purpose | $1,295,000 |
| USA Cares Inc Louisville, KY | To Further the Organization's Exempt Purpose | $500,000 |
| Kilgore Samaritan Counseling Center Inc Louisville, KY | To Further the Organization's Exempt Purpose | $200,000 |
| The Morton Center Louisville, KY | To Further the Organization's Exempt Purpose | $150,000 |
| National Museum of Forest Service History Missoula, MT | To Further the Organization's Exempt Purpose | $70,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $953,760 | $2,074,215 | $2,249,948 | $2,215,000 | 5 | $129,215 |
| 2023 | $1,119,381 | $2,230,959 | $3,263,977 | $3,213,250 | 5 | $60,959 |
| 2022 | $2,152,399 | $867,766 | $1,147,612 | $1,128,000 | 5 | $14,158 |
| 2021 | $2,432,221 | $143,627 | $788,090 | $759,905 | 4 | $143,627 |
| 2020 | $3,080,016 | $2,765,049 | $474,116 | $450,000 | 3 | $174,274 |
About The Gibbs Foundation Inc
Based on IRS filings
The Gibbs Foundation Inc is a public charity, based in Louisville, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $954K in total assets. In 2024, it awarded 5 grants totaling $2.2M. Net investment income was $129K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Gibbs Foundation Inc is led by Lee Groza, Chairman & Treasurer since 2023 (on filings since 2020); 1 of 6 officers listed in 2024 is compensated.
Officers on the 2024 filing
Lee Groza
Chairman & Treasurer
Board Member → Chairman, 2022
Chairman → Chairman & Treasurer, 2023
On filings since 2020
1 hr/week
$400 (2020) → $0 (2024)
Jack A. Moss Jr.
Director
On filings since 2020
1 hr/week
$400 (2020) → $0 (2024)
James E. Moore III
Director
Treasurer → Director, 2023
On filings since 2020
1 hr/week
$400 (2020) → $0 (2024)
Ivan Schell
Director
Board Member → Director, 2023
On filings since 2021
1 hr/week
$200 (2021) → $0 (2024)
Ann D. Schell
Vice Chairman
Vice Chairman & Secretary → Vice Chairman, 2023
On filings since 2020
1 hr/week
$200 (2020) → $0 (2024)
Hannah Roquet
Secretary
Director → Secretary, 2023
On filings since 2020
1 hr/week
$400 (2020) → $13K (2024)
Former officers (1)
- Former: George S. Gibbs III (2020–2022) — Chairman & Executive Director
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $13K, to Hannah Roquet (Secretary).
Frequently asked questions about The Gibbs Foundation Inc
How much does The Gibbs Foundation Inc give each year?
The Gibbs Foundation Inc gave $2.2M across 5 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $3.2M across 5 grants.
What is The Gibbs Foundation Inc's typical grant size?
The Gibbs Foundation Inc's median grant in 2024 was $200,000, and its average grant was $443,000, across 5 grants on its 2024 IRS Form 990.
Where does The Gibbs Foundation Inc give grants?
The Gibbs Foundation Inc gives mostly in Kentucky: 97% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Louisville, KY (4 grants).
Who are The Gibbs Foundation Inc's largest grantees?
The Gibbs Foundation Inc's largest 2024 grantees include University of Louisville Foundation ($1,295,000), USA Cares Inc ($500,000) and Kilgore Samaritan Counseling Center Inc ($200,000), according to its 2024 IRS Form 990. Together they received 90% of its itemized 2024 grant dollars.
How large is The Gibbs Foundation Inc?
The Gibbs Foundation Inc reported $954K in total assets on its 2024 IRS Form 990. Its revenue that year was $2.1M.
What is The Gibbs Foundation Inc's EIN?
The Gibbs Foundation Inc's EIN (Employer Identification Number) is 46-5391268. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2020 (received by the IRS August 25, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS January 31, 2025)
- Added Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2021–2024
Explore Open Grants
Browse active grant opportunities in The Gibbs Foundation Inc's focus areas in our free grants database
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