Gipson Family Foundation
- Assets
- $42.5m
- Revenue
- $5.2m
- Investments
- $42.5m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 56-2001414
Organization Overview
Gipson Family Foundation is located in Raleigh, NC. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gipson 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, Gipson Family Foundation generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gipson Family Foundation has awarded 486 individual grants totaling $11,813,727. 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 |
|---|---|---|---|
Elizabeth Cheatham Trustee | 0 | $0 | |
Donald Gipson Trustee | 0 | $0 | |
Clay Gipson Trustee | 0 | $0 | |
Cary Gipson Trustee | 0 | $0 | |
Patricia C Gipson Trustee | 0 | $0 | |
Thomas Gipson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $677,600 |
| Interest on Savings | $13 |
| Dividends & Interest | $1,851,300 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,654,371 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,183,284 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,429 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,229 |
| Contributions, gifts, grants paid | $1,408,656 |
| Total expenses and disbursements | $1,417,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,292 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,487,288 |
| 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, Gipson Family Foundation has awarded $1,408,656 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LIVER FOUNDATION PURPOSE: GENERAL ACTIVITES | $25,000 |
AMERICAN IMMIGRATION COUNCIL PURPOSE: GENERAL ACTIVITIES | $20,000 |
BENJAMIN FRANKLIN HOUSE PURPOSE: GENERA ACTIVITIES | $30,000 |
BIG BROTHERS BIG SISTERS PURPOSE: GENERAL ACTIVITIES | $1,000 |
BOSTON MARATHON JIMMY FUND WALK PURPOSE: GENERAL ACTIVITIES | $500 |
BOYS & GIRLS CLUBS OF KINGS COUNTY PURPOSE: GENERAL ACTIITIES | $25,000 |