The Grace Marie Gibbs Foundation Inc

SOUTH RIDING, VA EIN: 20-1974688

The Grace Marie Gibbs Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOUTH RIDING, VA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $10K in total assets. In 2023, it awarded 1 grants totaling $500.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$10K

-15.1% YoY

Annual Giving

$500

Grant Count

Avg Grant Size

$500

Under IRS private-foundation payout rules, The Grace Marie Gibbs Foundation Inc reported a distributable amount of $494 for 2023 — the minimum it must pay out in qualifying distributions.

About The Grace Marie Gibbs Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $500 (100%)

States

Virginia

Cities

Fairfax

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	$10,021	$11,801	$207
Revenue	—	$12,313	$275
Expenses	$1,780	$719	$1,025
Qualifying Distributions	$500	—	—
Net Investment Income	—	—	—
Distributable Amount	$494	$581	$10

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 2023

Grant Size Distribution

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Inova Health Foundation ($500).

Recipient	Purpose	Amount
INOVA HEALTH FOUNDATION FAIRFAX, VA	TO ASSIST IN THE TREATMENT OF HEART DEFECTS IN CHILDREN.	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
FREDERICK R GIBBS	PRESIDENT	5	—
MICHAEL J ZAVAGLIA	SECRETARY	5	—
LYNDA M GIBBS	TREASURER	5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Grace Marie Gibbs Foundation Inc?

The Grace Marie Gibbs Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOUTH RIDING, VA. It holds $10K in total assets as of 2023.

How large is The Grace Marie Gibbs Foundation Inc?

As of 2023, The Grace Marie Gibbs Foundation Inc holds $10K in total assets. It awarded 1 grants totaling $500 in 2023.

Where does The Grace Marie Gibbs Foundation Inc operate?

The Grace Marie Gibbs Foundation Inc has awarded grants in Virginia.

What size grants does The Grace Marie Gibbs Foundation Inc award?

In 2023, The Grace Marie Gibbs Foundation Inc awarded 1 grants totaling $500 — an average of about $500 per grant, based on its IRS Form 990 filings.

How much is The Grace Marie Gibbs Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, The Grace Marie Gibbs Foundation Inc reported a distributable amount of $494 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Grace Marie Gibbs Foundation Inc's EIN?

The Grace Marie Gibbs Foundation Inc's EIN (Employer Identification Number) is 20-1974688. IRS Form 990 filing data is available on this page for 2020–2023.