G3 Foundation Ltd
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.
Key facts about G3 Foundation Ltd
- EIN
- 83-2916075
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $115,945
- Grants made (2024)
- 10
- Average grant
- $11,595
- Median grant
- $2,825
- New grantees (estimate)
- 40% first-time grantees (4 of 10, 2024)
- Total assets
- $1,125,369
- Primary geography
- Illinois (45% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who G3 Foundation Ltd funds
By grant dollars, the top recipient states for G3 Foundation Ltd's 10 itemized 2024 grants were Illinois (45%), Alabama (39%) and Indiana (12%). The most frequent recipient cities were Culver, IN (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is G3 Foundation Ltd open to new grantees?
40%
first-time grantees, 2024
In 2024, 4 of 10 grantees (40%) were first-time recipients. First grants averaged $14K; repeat grants $10K. How we count
Medians: $3K first-time, $3K repeat.
- 60% of 2024 grantees were also funded in 2023. Method
- Giving grew 92% from 2021 to 2024. Method
- In 2024 it paid out 179% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with G3 Foundation Ltd
- How to evaluate G3 Foundation Ltd as a funder
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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
Share of all 10 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include Mount Carmel High School ($50,000), Crimson Tide Foundation ($45,000), Indiana State Hockey Association ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Mount Carmel High School Chicago, IL | UNRESTRICTED | $50,000 |
| Crimson Tide Foundation Tuscaloosa, AL | Unrestricted | $45,000 |
| Indiana State Hockey Association Carmel, IN | Unrestricted | $5,000 |
| St Baldricks Foundation Monrovia, CA | UNRESTRICTED | $5,000 |
| Culver Community Youth Center Culver, IN | Unrestricted | $3,150 |
| Midwest Youth Hockey Association Dyer, IN | Unrestricted | $2,500 |
| Lake Maxinkuckee Association Culver, IN | Unrestricted | $2,295 |
| Chasing Cans for Cancer Beercher, IL | UNRESTRICTED | $1,000 |
| Sounds of Sarah Corp Griffith, IN | UNRESTRICTED | $1,000 |
| Alicias House Inc South Chicago Heights, IL | UNRESTRICTED | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.