Evelyn E & Richard J Gunst Foundation
Evelyn E & Richard J Gunst Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $913K in total assets. In 2024, it awarded 6 grants totaling $51K. Net investment income was $90K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$913K
+3.7% YoY
Annual Giving
$51K
-1.9% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$9K
-1.9% YoY
Under IRS private-foundation payout rules, Evelyn E & Richard J Gunst Foundation reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.
About Evelyn E & Richard J Gunst Foundation
Based on IRS filings
Evelyn E & Richard J Gunst Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $913K in total assets. In 2024, it awarded 6 grants totaling $51K. Net investment income was $90K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $912,540 | $880,007 | $900,222 |
| Revenue | $93,874 | $54,264 | $90,025 |
| Expenses | $61,341 | $74,479 | $61,134 |
| Qualifying Distributions | $51,000 | $52,000 | $46,000 |
| Net Investment Income | $89,587 | $50,044 | $85,863 |
| Distributable Amount | $50,246 | $48,281 | $49,952 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Arc Athens Inc ($20,000), Jah Works Inc ($8,000), The Tesfa Foundation ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARC ATHENS INC NEW YORK, NY | GENERAL FUNDING | $20,000 |
| HENRICO CASA RICHMOND, VA | GENERAL FUNDING | $6,000 |
| JAH WORKS INC WINSTON SALEM, NC | GENERAL FUNDING | $8,000 |
| LEWIS GINTER BOTANICAL GARDEN RICHMOND, VA | GENERAL FUNDING | $5,000 |
| RAIN FOR THE SAHEL AND SAHARA INC PORTSMOUTH, NH | GENERAL FUNDING | $4,000 |
| THE TESFA FOUNDATION MINNEAPOLIS, MN | GENERAL FUNDING | $8,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAURIE GUNST | PRESIDENT/DIRECTOR | 1 | — |
| MARY GUNST | VICE PRESIDENT/DIRECTOR | 1 | — |
| JERRY W JENKINS | SECRETARY/TREASURER/DIRECT | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Evelyn E & Richard J Gunst Foundation?
Evelyn E & Richard J Gunst Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. It holds $913K in total assets as of 2024.
How large is Evelyn E & Richard J Gunst Foundation?
As of 2024, Evelyn E & Richard J Gunst Foundation holds $913K in total assets with $94K in annual revenue. It awarded 6 grants totaling $51K in 2024.
Where does Evelyn E & Richard J Gunst Foundation operate?
Evelyn E & Richard J Gunst Foundation has awarded grants in District of Columbia, Massachusetts, Minnesota, North Carolina, New Hampshire, New York, Virginia.
What size grants does Evelyn E & Richard J Gunst Foundation award?
In 2024, Evelyn E & Richard J Gunst Foundation awarded 6 grants totaling $51K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Evelyn E & Richard J Gunst Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Evelyn E & Richard J Gunst Foundation reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Evelyn E & Richard J Gunst Foundation's EIN?
Evelyn E & Richard J Gunst Foundation's EIN (Employer Identification Number) is 54-1988873. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.