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Nonprofit · EIN 37-2059396

GIFT FOUNDATION

Tax-exempt · BIRMINGHAM, AL 35213

Financials

$8K$11K2023$32K$7K2024$100$25K2025
Revenue Expenses · by fiscal year end
Financials of GIFT FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$100$24,617-$24,517$1,024$0$1,024
December 31, 2024990-PF$32,100$7,320$24,780$25,541$0$25,541
December 31, 2023990-PF$8,000$10,553-$2,553$761$0$761
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$100

Expenses

Grants and similar amounts paid
$23,374
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$23,374

Balance sheet and other

Total assets, start of year
$25,541
Total assets, end of year
$1,024
Total liabilities, end of year
$0
Net assets, end of year
$1,024
Fair market value of assets
$1,024
Qualifying distributions
$23,374

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
ANGIE JACOBS
78 DAWSON POINT, ALEXANDER CITY, AL 35010
PRESIDENT / TREASURER5$0
JAY JACOBS
78 DAWSON POINT, ALEXANDER CITY, AL 35010
VICE PRESIDENT / SECRETARY1$0
HALEY JACOBS
1309 LARRY LANE, BIRMINGHAM, AL 35213
DIRECTOR1$0
MEAGAN JACOBS
78 DAWSON POINT, ALEXANDER CITY, AL 35010
DIRECTOR1$0
JAYNE JOHNSTON
5305 PEACHTREE DUNWOODY RD, ATLANTA, GA 30342
DIRECTOR1$0
990-PF for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
ANGIE JACOBS
78 DAWSON POINT, ALEXANDER CITY, AL 35010
PRESIDENT / TREASURER5$0
JAY JACOBS
78 DAWSON POINT, ALEXANDER CITY, AL 35010
VICE PRESIDENT / SECRETARY1$0
HALEY JACOBS
1309 LARRY LANE, BIRMINGHAM, AL 35213
DIRECTOR1$0
MEAGAN JACOBS
78 DAWSON POINT, ALEXANDER CITY, AL 35010
DIRECTOR1$0
JAYNE JACOBS
5305 PEACHTREE DUNWOODY RD, ATLANTA, GA 30342
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
ANGIE JACOBS
78 DAWSON POINT, ALEXANDER CITY, AL 35010
PRESIDENT / TREASURER5$0
JAY JACOBS
78 DAWSON POINT, ALEXANDER CITY, AL 35010
VICE PRESIDENT / SECRETARY1$0
HALEY JACOBS
1309 LARRY LANE, BIRMINGHAM, AL 35213
DIRECTOR1$0
MEAGAN JACOBS
78 DAWSON POINT, ALEXANDER CITY, AL 35010
DIRECTOR1$0
JAYNE JACOBS
5305 PEACHTREE DUNWOODY RD, ATLANTA, GA 30342
DIRECTOR1$0

Address and contacts

Address (IRS master file)
1309 LARRY LN, BIRMINGHAM, AL 35213-1603
In care of
% ANGELA JACOBS
Signed the 990-PF
ANGIE JACOBS, PRESIDENT
Phone
(334) 703-1465
Return prepared by
MACHEN MCCHESNEY LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
37-2059396
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2023
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$1,024
Income (IRS master file)
$100

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$100$24,617$1,024IRS
990-PFDecember 2024$32,100$7,320$25,541IRS
990-PFDecember 2023$8,000$10,553$761XML
990-PFDecember 2022–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-2059396).

Questions about GIFT FOUNDATION

What is the EIN of GIFT FOUNDATION?
The employer identification number (EIN) of GIFT FOUNDATION is 37-2059396.
Is GIFT FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to GIFT FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does GIFT FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of GIFT FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GIFT FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of GIFT FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does GIFT FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $100, expenses of $24,617 and total assets of $1,024 at year end.

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