Gaalema Family Foundation

COLORADO SPRINGS, CO EIN: 27-1423427

Gaalema Family Foundation is a private foundation, based in COLORADO SPRINGS, CO. IRS filing data is available from 2020 through 2023. In 2023, it awarded 9 grants totaling $6K. Net investment income was $1.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

-100.0% YoY

Annual Giving

$6K

+455.6% YoY

Grant Count

9

+0.0% YoY

Avg Grant Size

$611.111

+455.6% YoY

Under IRS private-foundation payout rules, Gaalema Family Foundation reported a distributable amount of $48 for 2023 — the minimum it must pay out in qualifying distributions.

About Gaalema Family Foundation

Based on IRS filings

Gaalema Family Foundation is a private foundation, based in COLORADO SPRINGS, CO. IRS filing data is available from 2020 through 2023. In 2023, it awarded 9 grants totaling $6K. Net investment income was $1.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

10states
+2 more states

Cities

AustinBurlingtonCollege StationColorado SpringsGalvestonKirklandKissimmeeLakewoodLehiMonumentMountain ViewNew YorkOaklandRedmondSan FranciscoSeattleWashingtonWest Lafayette

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2K$4K$6K$9K2020202120222023
Metric202320222021
Total Assets$7,866$10,099
Revenue$1$1$1
Expenses$7,867$2,234$3,723
Qualifying Distributions$5,500$990$2,340
Net Investment Income$1$1$1
Distributable Amount$48$387$497

Giving Over Time

Total grant dollars and number of grants per year

$0$1K$3K$4K$6K7 grants20207 grants20219 grants20229 grants2023

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2023

PAWS & HOOVES$1KLIBERTARIAN FUTURIST SOC…$1KKHAN ACADEMY$1KPACIFIC SCIENCE CENTER$500THE ARTIST BOAT$500EASTSIDE TENNIS CENTER T…$500TEXAS A&M FOUNDATION$500INTERNATIONAL JUGGLERS A…$250PURDUE FOR LIFE FOUNDATION$250

Grant Size Distribution

32 grants across all recorded years

32<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Paws & Hooves ($1,000), Libertarian Futurist Society ($1,000), Khan Academy ($1,000).

RecipientPurposeAmount
PACIFIC SCIENCE CENTER SEATTLE, WADONATION$500
THE ARTIST BOAT GALVESTON, TXDONATION$500
PAWS & HOOVES MONUMENT, CODONATION$1,000
EASTSIDE TENNIS CENTER TOPS KIRKLAND, WADONATION$500
LIBERTARIAN FUTURIST SOCIETY MOUNTAIN VIEW, CADONATION$1,000
TEXAS A&M FOUNDATION COLLEGE STATION, TXDONATION$500
INTERNATIONAL JUGGLERS ASSOCIATION KISSIMMEE, FLDONATION$250
KHAN ACADEMY MOUNTAIN VIEW, CADONATION$1,000
PURDUE FOR LIFE FOUNDATION WEST LAFAYETTE, INDONATION$250

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

NameTitleHoursCompensation
KAREN GAALEMATREASURER
STEPHEN GAALEMAPRESIDENT
DIANN GAALEMAVICE PRESIDE
JENNIFER GAALEMASECRETARY
ERIK GAALEMADIRECTOR

Frequently Asked Questions

Where does Gaalema Family Foundation operate?

Gaalema Family Foundation has awarded grants in California, Colorado, District of Columbia, Florida, Indiana, New York, Texas, Utah, Vermont, Washington.

What size grants does Gaalema Family Foundation award?

In 2023, Gaalema Family Foundation awarded 9 grants totaling $6K — an average of about $611.111 per grant, based on its IRS Form 990 filings.

How much is Gaalema Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Gaalema Family Foundation reported a distributable amount of $48 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Gaalema Family Foundation's EIN?

Gaalema Family Foundation's EIN (Employer Identification Number) is 27-1423427. IRS Form 990 filing data is available on this page for 2020–2023.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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