516 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$775K
-6.5% YoY
Annual Giving
$58K
-14.7% YoY
Grant Count
5
-16.7% YoY
Avg Grant Size
$12K
+2.3% YoY
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.
About 516 Foundation
Based on IRS filings
516 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $774,505 | $828,756 | $896,562 |
| Revenue | $11,898 | — | — |
| Expenses | $59,926 | $67,806 | $37,500 |
| Qualifying Distributions | $57,806 | $67,806 | $37,500 |
| Net Investment Income | $10,498 | — | — |
| Distributable Amount | $39,041 | $42,486 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wings of Angels ($25,000), California Deer Association ($14,806), Care Net ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MERCY HOSPICE RED BLUFF, CA | HOSPICE CARE TO THOSE IN NEED | $3,000 |
| CALIFORNIA DEER ASSOCIATION REDDING, CA | CONSERVATOIN | $14,806 |
| CALVARY CHAPEL RED BLUFF, CA | ASSISTANCE - FAMILY WITH SUDDEN LOSS | $5,000 |
| WINGS OF ANGELS REDDING, CA | SUPPORT FAMILIES WITH ILL CHILDREN | $25,000 |
| CARE NET RED BLUFF, CA | SUPPORT OF WOMEN IN NEED | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK GUNSAULS | PRESIDENT | — | — |
| DEDREA GUNSAULS | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is 516 Foundation?
516 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RED BLUFF, CA. It holds $775K in total assets as of 2024.
How large is 516 Foundation?
As of 2024, 516 Foundation holds $775K in total assets with $12K in annual revenue. It awarded 5 grants totaling $58K in 2024.
Where does 516 Foundation operate?
516 Foundation has awarded grants in California.
What size grants does 516 Foundation award?
In 2024, 516 Foundation awarded 5 grants totaling $58K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is 516 Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, 516 Foundation reported a distributable amount of $39K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in 516 Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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