Triumph Gulf Coast Inc is a nonprofit corporation organized to oversee the expenditure of 75 percent of all funds recovered by the Florida Attorney General for economic damages to the state that resulted from the 2010 Deepwater Horizon oil spill. The organization was originally created in 2013 and officially incorporated on June 2, 2017, when Governor Rick Scott signed legislation appropriating funds to the nonprofit. The organization is based in Tallahassee, Florida.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$617.7M
+4.3% YoY
Annual Giving
$87.3M
+68.1% YoY
Grant Count
27
+58.8% YoY
Avg Grant Size
$3.2M
+5.9% YoY
Mission & Focus Areas
Triumph Gulf Coast, Inc. is required to administer the distribution of recovered settlement funds to be used for the recovery, diversification, and enhancement of eight Northwest Florida counties disproportionately affected by the oil spill. The organization makes awards from available funds to projects or programs that meet priorities for economic recovery, diversification, and enhancement in these affected counties.
Awards may be provided for:
- Ad valorem tax rate reduction within disproportionately affected counties
- Local match requirements for projects in the disproportionately affected counties
- Public infrastructure projects for construction, expansion, or maintenance that enhance economic recovery, diversification, and enhancement
- Education and workforce development initiatives
- Aerospace and manufacturing development
- Emergency services infrastructure
Grantmaking
Triumph Gulf Coast operates an invite-only grantmaking program and does not accept unsolicited applications. The organization opened its application process in November 2017, with the first grants awarded in 2018.
How to Apply
in November 2017, with the first grants awarded in 2018.
Ready to take the next step with Triumph Gulf Coast Inc?
Geographic Focus
Where this funder awards grants
Triumph Gulf Coast funds exclusively in the eight Northwest Florida counties disproportionately affected by the 2010 Deepwater Horizon oil spill:
- Escambia
- Santa Rosa
- Okaloosa
- Walton
- Bay
- Gulf
- Franklin
- Wakulla
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $618 million
- Total Revenue: $113,038,235
- Total Expenses: $88,313,540
- Net Income: $24,724,695
As of 2023:
- Total Assets: $592,362,789
- Total Revenue: $96,800,588
- Total Expenses: $52,834,774
- Total Giving: $42,690,961
- Giving Rate: 7.2% of assets
The organization received its initial transfer of $300 million from the oil spill settlement on June 30, 2017.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $617,674,364 | $592,362,789 | $544,199,482 |
| Revenue | $113,038,235 | $96,800,588 | $85,000,000 |
| Expenses | $88,313,540 | $52,834,774 | $35,783,003 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $33,038,235 | $16,800,588 | — |
| Distributable Amount | — | — | — |
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 Okaloosa County Board of County Commissioners ($32,460,976), Wakulla County School Board ($11,735,612), Northwest Florida State College ($8,397,016).
| Recipient | Purpose | Amount |
|---|---|---|
| GULF COAST STATE COLLEGE PANAMA CITY, FL | THE GRANT WILL PROVIDE FUNDING TO CREATE A NURSING SIMULATION CENTER USING THE NEWEST AND MOST EFFECTIVE SIMULATION EQUIPMENT, TECHNOLOGY AND TRAINED FACULTY. | $868,210 |
| OKALOOSA TECHNICAL COLLEGE FORT WALTON BEACH, FL | THIS GRANT WILL PROVIDE FUNDING TO OFFER ACCELERATED CERTIFICATIONS IN CONSTRUCTIONS AND ELECTRICAL LABOR FOR UP TO 75 STUDENTS SO THEY WILL BECOME PART OF THE HIGHLY SKILLED PROFESSIONAL WORKFORCE TO REBUILD NORTHWEST FLORIDA. | $3,700,000 |
| PRIDE ENTERPRISES BRANDON, FL | THIS GRANT WILL SUPPORT COURSES FOR INMATES TO HELP THEM PREPARE FOR RE-ENTRY TO SOCIETY UPON COMPLETION OF THEIR SENTANCE. THE CONSTRUCTION TRADES PROGRAM WILL STRENGTHEN THE INMATE'S CAREER READINESS BY GIVING THEM EDUCATION, VOCATIONAL TRAINING, AND HANDS-ON PRODUCTION EXPERIENCE AS A CAREER FOUNDATION WHEN THEY ARE RELEASED FROM PRISON. | $101,401 |
| IHMC CENTER PENSACOLA, FL | IMHC PROPOSES TO ESTABLISH A CENTER OF EXCELLENCE FOCUSED ON EXPANDING WORK INTO THE CUTTING-EDGE FIELD OF HUMAN HEALTHSPAN, RESILIENCE AND PERFORMANCE. THE GRANT WILL ASSIST IN OPERATIONS, PURCHASING NEW EQUIPMENT, AND IN TURN, ATTRACT MORE RENOWNED SCIENTISTS AND RESEARCHERS. | $5,673,783 |
| FRANKLIN COUNTY SCHOOL BOARD EASTPOINT, FL | THE GRANT WILL FUND THE FIRST AND SECOND PHASES OF FCSB'S ENIRONMENTAL, CAREER AND TECHNICAL TRAINING PROGRAM, ALLOWING FCSB TO OFFER 4 DIGITAL TOOL CERTIFICATIONS TO ITS 4TH AND 5TH GRADE STUDENTS. THIS OPPORTUNITY WILL AFFORD THE STUDENTS EVERY OPPORTUNITY FOR SUCCESS IN THEIR PATHWAY IN SECONDARY SCHOOL. THE GRANT WILL ALSO FUND THE FRANKLIN ENVIRONMENTAL, CAREER AND TECHNICAL TRAINING CENTER, WHICH WILL ENCOURAGE STUDENTS TO REMAIN IN SCHOOL TO GRADUATE. | $88,614 |
| GULF DISTRICT SCHOOLS PORT ST JOE, FL | THE GRANT WILL PROVIDE FUNDING FOR SEVERAL DIFFERENT PROJECTS. ONE PROJECT WOULD ALLOW FOR WORKFORCE TRAINING AND WELDING INSTRUCTION FOR HIGH SCHOOL STUDENTS AT WEWAHITCHKA HIGH SCHOOL. THE UNMANNED SYSTEM PROJECT WOULD IMPLEMENT UNMANNED AIRCRAFT SYSTEMS PROGRAMS AT BOTH AREA HIGH SCHOOLS TO PREPARE STUDENTS FOR EMPLOYMENT AND ADVANCED EDUCATIONAL TRAINING IN AN EMERGING INDUSTRY. THE WELDING PROJECT AT WEWAHITCHKA HIGH SCHOOL WOULD PROVIDE INDUSTRY CERTIFICATION FOR STUDENTS IN THE AREA OF WELDING. | $87,670 |
| FSU MARINE LAB TALLAHASSEE, FL | THE GRANT WILL PROVIDE FUNDING FOR THE APALACHICOLA BAY SYSTEM INITIATIVE (ABSI) AND ITS EFFORTS TO OBTAIN SOLUTIONS TO THE ECOSYSTEM DECLINE AND TO DEVELOP THE STRATEGIC AND IMPLEMENTATION PLANS NEEDED FOR MOVING TOWARDS RECOVERY. THE ABSI IS A MULTIDISCIPLINARY EFFORT DESIGNED TO GAIN AN UNDERSTANDING OF THE CURRENT DISTRIBUTION AND PRODUCTIVITY OF OYSTER POPULATIONS THROUGHOUT FRANKLIN COUNTY, THE FORCES ACTING ON ECOSYSTEM HEALTH, AND THE BEST PRACTICES FOR RESTORATION AND RECOVERY THAT WILL IMPROVE OPPORTUNITIES FOR WILD HARVEST AND AQUACULTURE OF OYSTERS AND OTHER ECONOMICALLY IMPORTANT SPECIES. | $2,321,772 |
| WAKULLA COUNTY SCHOOL BOARD CRAWFORDVILLE, FL | THE GRANT WILL PROVIDE FUNDING FOR THE WAR EAGLE ACADEMY. IT INCLUDES EXPANDING CAREER AND TECHNICAL EDUCATION IN WAKULLA COUNTY TO MEET WORKFORCE DEMAINDS IN THE FLORIDA PANHANDLE AND SURROUNDING AREAS. | $11,735,612 |
| NORTHWEST FLORIDA STATE COLLEGE NICEVILLE, FL | THE GRANT WILL PROVIDE FUNDING TO ESTABLISH THE WALTON WORKS TRAINING CENTER OF EXCELLENCE TO INCREASE NORTHWEST FLORIDA STATE COLLEGE'S ABILITY TO PROVIDE INDUSTRY-RECOGNIZED CREDENTIALS AND EXPAND PROGRAMS THAT ADDRESS THE UNMET HIRING NEEDS OF EMPLOYERS IN THE REGION. ADDITIONAL FUNDING IS REQUESTED TO CREAT THE AVIATION CENTER OF EXCELLENCE TO ESTABLISH WORKFORCE TRAINING PROGRAMS AT THE CRESTVIEW TECHNOLOGY AIR PARK IN OKALOOSA COUNTY. | $8,397,016 |
| SANTA ROSA COUNTY BOARD OF COUNTY COMMISSIONERS MILTON, FL | THE GRANT WOULD PROVIDE FUNDING FOR PROPOSED INFRASTRUCTURE CONSTRUCTION TO THE I-10 INDUSTRIAL PARK THAT WILL HOUSE A PHARMACEUTICAL AND MEDICAL DEVICE DISTRIBUTION COMPANY. | $436,223 |
Leadership & Key People
Leadership team and compensation from IRS filings
David M. Bear - Principal Officer and Chairman of the Board
The board was originally composed of five members appointed by the Governor, the Attorney General, the Chief Financial Officer, the President of the Senate, and the Speaker of the House of Representatives. Two additional board members were appointed from the four least populated counties, as required by legislation signed in June 2017.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID M BEAR | CHAIR | 5 | — |
| J COLLIER MERRILL | VICE CHAIR | 5 | — |
| REYNOLDS HENDERSON | TREASURER | 5 | — |
| BRYAN A CORR SR | BOARD MEMBER | 5 | — |
| DAVID L HUMPHREYS | BOARD MEMBER | 5 | — |
| JAY TRUMBULL SR | BOARD MEMBER | 5 | — |
| LESLIE WEISS | BOARD MEMBER | 5 | — |
| SUSAN SKELTON | EXECUTIVE DIRECTOR | 40 | $120,000 |
Recent News & Activity
Recent developments and announcements
As of December 2024, Triumph Gulf Coast has awarded over $643 million in grant funds across the eight disproportionately affected counties since its inception. The organization continues to actively review and approve new proposals, with multiple projects in various stages of development including workforce training facilities, infrastructure improvements, and economic development initiatives focused on aerospace and manufacturing sectors.
Triumph Gulf Coast Board approves 4 grant award agreementsSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Triumph Gulf Coast Inc fund?
Triumph Gulf Coast, Inc. is required to administer the distribution of recovered settlement funds to be used for the recovery, diversification, and enhancement of eight Northwest Florida counties disproportionately affected by the oil spill. The organization makes awards from available funds to projects or programs that meet priorities for economic recovery, diversification, and enhancement in these affected counties. Awards may be provided for: • Ad valorem tax rate reduction within disproport…
How do I apply for a grant from Triumph Gulf Coast Inc?
Triumph Gulf Coast operates an invite-only grantmaking program and does not accept unsolicited applications. The organization opened its application process in November 2017, with the first grants awarded in 2018. **Grant Characteristics:** • Typical award range: $53,454 to $32,460,976 • Median grant amount: approximately $1.1 million • Recent annual giving (2023): $42.7 million across 16 grants • Total grants awarded as of December 2024: over $643 million **Recent Grant Activity:** As of Decem…
Where does Triumph Gulf Coast Inc make grants?
Triumph Gulf Coast funds exclusively in the eight Northwest Florida counties disproportionately affected by the 2010 Deepwater Horizon oil spill: • Escambia • Santa Rosa • Okaloosa • Walton • Bay • Gulf • Franklin • Wakulla
What size grants does Triumph Gulf Coast Inc award?
In 2024, Triumph Gulf Coast Inc awarded 27 grants totaling $87.3M — an average of about $3.2M per grant, based on its IRS Form 990 filings.
What is Triumph Gulf Coast Inc's EIN?
Triumph Gulf Coast Inc's EIN (Employer Identification Number) is 82-1840264. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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