Harry H Gibson Family Foundation
- Assets
- $976.3k
- Revenue
- $166.9k
- Investments
- $829.8k
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 20-5338528
Organization Overview
Harry H Gibson Family Foundation is located in Spartanburg, SC. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harry H Gibson Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Harry H Gibson Family Foundation generated $166.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $261.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harry H Gibson Family Foundation has awarded 489 individual grants totaling $1,794,152. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan B Gibson Trustee | 0 | $0 | |
Harry H Gibson Jr Trustee | 0 | $0 | |
Colonial Trust Company Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,707 |
| Dividends & Interest | $29,750 |
| Net Rental Income | $3 |
| Net Gain on Sale of Assets | $135,423 |
| Capital Gain Net Income | $135,423 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $166,883 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,668 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,363 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,306 |
| Contributions, gifts, grants paid | $236,933 |
| Total expenses and disbursements | $261,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,549 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $127,950 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $976,292 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Harry H Gibson Family Foundation has awarded $236,933 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION INTERNATIONAL MINISTRIES PURPOSE: CHARITABLE | $2,000 |
ALZHEIMERS ASSOCIATION PURPOSE: CHARITABLE | $1,000 |
AMERICAN RED CROSS PURPOSE: CHARITABLE | $3,000 |
AUSTIN COLLEGE PURPOSE: CHARITABLE | $2,000 |
ANGELS CHANGE MINISTRY PURPOSE: CHARITABLE | $2,000 |
BOYS & GIRLS CLUBS OF THE UPSTATE PURPOSE: CHARITABLE | $1,000 |