Kb Charitable Tr

Organization Overview

Kb Charitable Tr is located in Greenville, SC. The organization was established in 2001. According to its NTEE Classification (T30) the organization is classified as: Public 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. Kb Charitable Tr 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 12/2021, Kb Charitable Tr generated $288.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $205.2k during the year ending 12/2021. While expenses have increased by 9.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE MENTAL, PHYSICAL AND SPIRITUAL ADVANCEMENT AND TO PROMOTE LOCAL COMMUNITY CHARITABLE ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL GRANTS: GRANTS WERE GIVEN TO QUALIFIED INSTITUTIONS PROVIDING EDUCATION IN SCHOOLS LOCATED IN DISADVANTAGED AND IMPROVERSED AREAS. THESE GRANTS ARE TARGETED TO LIMITED BUDGET INSTITUTIONS TO PROVIDE FINANCIAL ASSISTANCE WITH BOOKS, UNIFORMS AND SECURING QUALIFIED TEACHERS.


GRAND LODGE FELLOWSHIP: THIS 501(C)(3) CHARITY WAS SETUP AS A CAMPUS MINISTRY AT EAST TENNESSEE UNIVERSITY HAVING A CO-ED CAMPUS MINISTRY, AN INTERNATIONAL STUDENT OUTREACH, A BUSINESS / SPIRITUAL MENTOR PROGRAM, AND A MONTHLY BUSINESS LUNCHEON. THE LODGE, IS A 7,800 SQUARE FOOT HOME TWO BLOCKS FROM CAMPUS AND PURCHASED FROM A CAMPUS FRATERNITY NO LONGER ON CAMPUS. THESE GRANTS WERE GIVEN TO ASSIST IN THE RENOVATION OF THE MUCH DAMAGED FACILITY AND TO FUND ITS MINISTRY START-UP COST.


BEL-AIRE COMMUNITY PARTNERS IS A 501C3 ORGANIZATION SET UP AS AN INNER CITY MINISTRY SERVICING THE NEEDS OF DISADVANTAGED NEIGHBORHOODS IN GREENVILLE, SC. THEIR ACTIVITIES INCLUDE A YEAR ROUND AFTER-SCHOOL PROGRAM, A 9 WEEK SUMMER INNER-CITY YOUTH CAMP AND A LEADERSHIP DEVELOPMENT PROGRAM. THEY ARE GROWING AND NOW HAVE A STAFF OF THREE FULL-TIME EMPLOYEES AND WE COULD NOT BE MORE PROUD TO HELP THEM ACHIEVE THEIR GOALS THROUGH OUR FINANCIAL GRANTS.


GREENVILLE'S HERITAGE PARTNERS (GHP): A 501(C)3 ORGANIZATION SET UP TO PROVIDE HOUSING AND EDUCATIONAL ASSISTANCE TO LOW INCOME NEIGHBORHOODS IN GREENVILLE, SC. GHP HAS OVER 300 VOLUNTEERS COME EACH SUMMER TO GREENVILLE, SC FROM AROUND THE SOUTHEAST TO ASSIST IN MAKING IMPROVEMENTS IN DISADVANTAGED AND BELOW POVERY LEVEL COMMUNITIES. DURING NON-SUMMER MONTHS, LOCAL VOLUNTEERS FROM CHURCHES AND BUSINESSES COME TO HELP ON THESE ACTIVITIES. NORTH GREENVILLE UNIVERSITY: GRANTS FOR SCHOLARSHIP OF STUDENTS COMING FROM DISADVANTAGED NEIGHBORHOODS TO HELP MAKE SURE THAT THESE KIDS DO NOT DROP OUT OF COLLEGE BECAUSE OF LACK OF FUNDING. NO GRANTS WERE GIVEN IN 2021. NORTH MAIN BEAUTIFICATION EASEMENT: THIS PROJECT IS A STATE REGULATED EASEMENT ALONG A CREEK AND WATERFALL IN DOWNTOWN GREENVILLE SC. THE PROJECT TOOK PREVIOUSILY ABANDON LOTS IN AN OVERGROWN AREA ALONG THE CREEK AND TURNED IT INTO A 990 FOOT BEAUTIFIED NATURE WALKING TRAIL ALOGN THE CREEK FOR THE ENJOYMENT OF THE GENERAL PUBLIC. YMCA ACHIEVEMENT AWARD: EVERY YEAR THE YMCA SELECTS A DESERVING RECIPIENT WHO HAS OVERCOME PHYSICAL CHALLENGES BY DEMONSTRATING A COMMITMENT AND DETERMINATION WORTH OF RECOGNITION. KB CHARITABLE TRUST MAKES A GRANT TO THE YMCA IN THE HONOR OF THAT YEAR'S RECIPIENT OF THE AWARD. THE AWARD AND GRANT IS GIVEN OUT EACH YEAR AT THE ANNUAL YMCA VOLUNTEERS BANQUET. MISC LOCAL CHURCH GRANTS: FROM TIME TO TIME KB CHARITABLE TRUST ISSUES GRANTS TO LOCAL CHURCHES TO ASSIST THEM WITH SPECIAL PROJECT OR FOR SPECIFIC MINISTRY PURPOSES.


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Board, Officers & Key Employees

Name (title)Compensation
George Collins
Secretary
$0
William Shaw
Treasurer
$0
R Brent Sanders
President
$0
Kaitlin Bunge
Board Member
$0
Jerry Fowler
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$167,477
Noncash contributions included in lines 1a–1f $8,128
Total Revenue from Contributions, Gifts, Grants & Similar$167,477
Total Program Service Revenue$0
Investment income $645
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $120,703
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $288,825

Grants Awarded

Over the last fiscal year, Kb Charitable Tr has awarded $118,970 in support to 5 organizations.

Grant RecipientAmount

GRAND LODGE FELLOWSHIP

Org PageRecipient Profile

Johnson City, TN

PURPOSE: GENERAL PURPOSE

$79,725

BEL-AIRE COMMUNITY PARTNERS

PURPOSE: GENERAL PURPOSE

$12,174

AUFN LLC

PURPOSE: EDUCATIONAL

$11,000

GREENVILLE'S HERITAGE PARTNERS

PURPOSE: GENERAL PURPOSE

$10,725

N MAIN BEAUTIFICATION EASEMENT

PURPOSE: GENERAL PURPOSE

$5,346
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Kb Charitable Tr has recieved totaling $60,649.

Awarding OrganizationAmount
Fidelity Investments Charitable Gift Fund

Boston, MA

PURPOSE: For grant recipient's exempt purposes

$22,740
Fidelity Investments Charitable Gift Fund

Boston, MA

PURPOSE: For grant recipient's exempt purposes

$22,740
South Carolina Christian Foundation

Spartanburg, SC

PURPOSE: GENERAL SUPPORT

$10,000
United Way Of Greenville County Incorporated

Greenville, SC

PURPOSE: PROGRAM GRANT

$5,169
View Grant Recipient Profile

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