516 Foundation
516 Foundation is a private foundation, based in Red Bluff, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $775K in total assets. In 2024, it awarded 5 grants totaling $58K. Net investment income was $10K.
516 Foundation at a glance
In short: 516 Foundation gave $58K across 5 grants in 2024 (avg $12K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $57,806
- -14.7% vs 2023
- Grants made (2024)
- 5
- -16.7% vs 2023
- Average grant
- $11,561
- +2.3% vs 2023
- Median grant
- $10,000
- Total assets
- $774,505
- -6.5% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who 516 Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Wings of Angels ($25K). Together the top 5 received $58K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How 516 Foundation gives
- In 2024 it paid out 148% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $38K (2022) to $68K (2023). In 2024 it made 5 grants totaling $58K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Wings of Angels Redding, CA | Support Families with Ill Children | $25,000 |
| California Deer Association Redding, CA | Conservatoin | $14,806 |
| Care Net Red Bluff, CA | Support of Women in Need | $10,000 |
| Calvary Chapel Red Bluff, CA | Assistance - Family with Sudden Loss | $5,000 |
| Mercy Hospice Red Bluff, CA | Hospice Care to Those in Need | $3,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $774,505 | $11,898 | $59,926 | $57,806 | 5 | $57,806 | $10,498 | $39,041 |
| 2023 | $828,756 | — | $67,806 | $67,806 | 6 | $67,806 | — | $42,486 |
| 2022 | $896,562 | — | $37,500 | $37,500 | 4 | $37,500 | — | — |
| 2021 | $934,062 | $1,000,000 | $65,938 | — | — | — | — | — |
Under IRS private-foundation payout rules, 516 Foundation reported a distributable amount of $39K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
516 Foundation is led by Mark Gunsauls, President on every filing since 2021; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Mark Gunsauls
President
On filings since 2021
No compensation reported
Dedrea Gunsauls
Secretary
On filings since 2022
No compensation reported
Former officers (1)
- Former: Dedera Gunsauls (2021) — Secretary
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about 516 Foundation
How much does 516 Foundation give each year?
516 Foundation gave $58K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $68K across 6 grants.
What is 516 Foundation's typical grant size?
516 Foundation's median grant in 2024 was $10,000, and its average grant was $11,561, across 5 grants on its 2024 IRS Form 990-PF.
Where does 516 Foundation give grants?
516 Foundation gives mostly in California: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Red Bluff, CA (3 grants) and Redding, CA (2 grants).
Does 516 Foundation give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on 516 Foundation's 2024 IRS Form 990-PF were described as general or operating support.
Who are 516 Foundation's largest grantees?
516 Foundation's largest 2024 grantees include Wings of Angels ($25,000), California Deer Association ($14,806) and Care Net ($10,000), according to its 2024 IRS Form 990-PF. Together they received 86% of its itemized 2024 grant dollars.
How large is 516 Foundation?
516 Foundation reported $775K in total assets on its 2024 IRS Form 990-PF. It paid out $58K in qualifying distributions that year, against a required minimum of $39K (roughly 5% of its investment assets).
What is 516 Foundation's EIN?
516 Foundation's EIN (Employer Identification Number) is 87-1582120. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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