CB Foundation Inc
Preselected recipients only
CB Foundation Inc is a private foundation in Mobile, Alabama. In tax year 2023 it gave $411,100 in 6 grants; the typical grant was $25,550 and the largest $250,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2023.
- Grants paid, 2023$411,100
- Number of grants6
- Typical grant$25,550
- Largest grant$250,000
- Assets$42.2 million
- New grantees83%
Giving in 2023 was down from $2.7 million the year before.
83% of its 2023 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2021 | $662,100 | 12 | $623,488 |
| 2022 | $2.7 million | 17 | $38.2 million |
| 2023 | $411,100 | 6 | $42.2 million |
How to apply
CB Foundation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What CB Foundation Inc funds
Where it gives
Its grants went to recipients in 3 states, the most to Colorado.
| State | Grants | Amount |
|---|---|---|
| Colorado | 1 | $250,000 |
| Florida | 2 | $105,000 |
| Alabama | 3 | $56,100 |
Grants paid in 2023
| Recipient | Purpose | Amount |
|---|---|---|
| PSMC Foundation | Benevolence | $250,000 |
| Nathan & Racheal Morris | Evangelism | $100,000 |
| Various Other Small Grants | Benevolence | $31,100 |
| Fathers Joy | Benevolence | $20,000 |
| Blue Missions Group | Benevolence | $5,000 |
| Bro Wes Hall | Benevolence | $5,000 |
Officers and trustees
- Bruce R Wagner Sr
- Cathy Wagner
- Melissa Reynolds Former
Questions people ask
Does CB Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does CB Foundation Inc give?
$411,100 in tax year 2023, across 6 grants, with a typical grant of $25,550.
Who runs CB Foundation Inc?
Its 2023 filing lists Bruce R Wagner Sr (Board Member), Cathy Wagner (Board Member) and Melissa Reynolds Former (Board Member).
What does CB Foundation Inc fund?
Based on its grants, mainly faith communities.