G3 Foundation Ltd is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DYER, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 10 grants totaling $116K. Net investment income was $169K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+4.9% YoY
Annual Giving
$116K
+41.4% YoY
Grant Count
10
-37.5% YoY
Avg Grant Size
$12K
+126.2% YoY
Under IRS private-foundation payout rules, G3 Foundation Ltd reported a distributable amount of $65K for 2024 — the minimum it must pay out in qualifying distributions.
About G3 Foundation Ltd
Based on IRS filings
G3 Foundation Ltd is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DYER, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 10 grants totaling $116K. Net investment income was $169K.
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 | $1,125,369 | $1,072,775 | $1,098,970 |
| Revenue | $180,498 | $73,250 | $39,790 |
| Expenses | $127,904 | $99,445 | $63,430 |
| Qualifying Distributions | $115,945 | $82,015 | $56,356 |
| Net Investment Income | $168,539 | $57,915 | $34,716 |
| Distributable Amount | $64,891 | $57,719 | $59,355 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mount Carmel High School ($50,000), Crimson Tide Foundation ($45,000), Indiana State Hockey Association ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Chasing Cans for Cancer Beercher, IL | UNRESTRICTED | $1,000 |
| Midwest Youth Hockey Association Dyer, IN | Unrestricted | $2,500 |
| Crimson Tide Foundation Tuscaloosa, AL | Unrestricted | $45,000 |
| Indiana State Hockey Association Carmel, IN | Unrestricted | $5,000 |
| Lake Maxinkuckee Association Culver, IN | Unrestricted | $2,295 |
| Culver Community Youth Center Culver, IN | Unrestricted | $3,150 |
| Sounds of Sarah Corp Griffith, IN | UNRESTRICTED | $1,000 |
| St Baldricks Foundation Monrovia, CA | UNRESTRICTED | $5,000 |
| Alicias House Inc South Chicago Heights, IL | UNRESTRICTED | $1,000 |
| Mount Carmel High School Chicago, IL | UNRESTRICTED | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kevin E Gelatka | director | — | — |
| Jaclyn J Gelatka | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is G3 Foundation Ltd?
G3 Foundation Ltd is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DYER, IN. It holds $1.1M in total assets as of 2024.
How large is G3 Foundation Ltd?
As of 2024, G3 Foundation Ltd holds $1.1M in total assets with $180K in annual revenue. It awarded 10 grants totaling $116K in 2024.
Where does G3 Foundation Ltd operate?
G3 Foundation Ltd has awarded grants in Alabama, California, Illinois, Indiana, Texas.
What size grants does G3 Foundation Ltd award?
In 2024, G3 Foundation Ltd awarded 10 grants totaling $116K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is G3 Foundation Ltd required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, G3 Foundation Ltd reported a distributable amount of $65K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is G3 Foundation Ltd's EIN?
G3 Foundation Ltd's EIN (Employer Identification Number) is 83-2916075. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in G3 Foundation Ltd'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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