Gage Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNETONKA, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $609K in total assets. In 2024, it awarded 12 grants totaling $95K. Net investment income was $15K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$609K
+18.3% YoY
Annual Giving
$95K
-19.0% YoY
Grant Count
12
-14.3% YoY
Avg Grant Size
$8K
-5.5% YoY
Under IRS private-foundation payout rules, Gage Family Foundation reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.
About Gage Family Foundation
Based on IRS filings
Gage Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNETONKA, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $609K in total assets. In 2024, it awarded 12 grants totaling $95K. Net investment income was $15K.
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 | $609,031 | $514,773 | $491,079 |
| Revenue | $150,082 | $64,205 | $144,090 |
| Expenses | $114,168 | $119,280 | $239,472 |
| Qualifying Distributions | $113,148 | $118,509 | $238,689 |
| Net Investment Income | $15,115 | $13,733 | $12,368 |
| Distributable Amount | $26,480 | $26,389 | $28,690 |
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
94 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Greater Twin Cities United Way ($24,996), Hennepin Avenue United Methodist Church ($17,629), Minnesota Snap ($10,043).
| Recipient | Purpose | Amount |
|---|---|---|
| INNERCITY TENNIS FOUNDATION Minneapolis, MN | 2024 Annual Gala | $9,937 |
| MINNESOTA SNAP MINNEAPOLIS, MN | 2024 Furry Tail Ball | $10,043 |
| GREATER TWIN CITIES UNITED WAY MINNEAPOLIS, MN | 2023 Community Giving Campaign | $24,996 |
| Hennepin Avenue United Methodist Church Minneapolis, MN | 2024 Annual Support | $17,629 |
| University of Minnesota Foundation Minneapolis, MN | CSOM Gen Op | $1,000 |
| InnerCity Tennis Foundation Minneapolis, MN | 2024 Annual Gala | $63 |
| InnerCity Tennis Foundation Minneapolis, MN | General Operations (Annual Gift) | $5,000 |
| Hospitality House Youth Development Minneapolis, MN | General Operations (Annual Gift) | $79 |
| Hospitality House Youth Development Minneapolis, MN | General Operations (Annual Gift) | $9,952 |
| Phi Delta Theta Foundation Oxford, OH | General Operations (Annual Gift) | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BARBARA C GAGE | TRUSTEE, PRESIDENT | 1 | — |
| CHRISTINE C GAGE | TRUSTEE | 1 | — |
| C DAVID NELSON | TRUSTEE, SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gage Family Foundation?
Gage Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNETONKA, MN. It holds $609K in total assets as of 2024.
How large is Gage Family Foundation?
As of 2024, Gage Family Foundation holds $609K in total assets with $150K in annual revenue. It awarded 12 grants totaling $95K in 2024.
Where does Gage Family Foundation operate?
Gage Family Foundation has awarded grants in California, Illinois, Minnesota, New York, Ohio, Wisconsin.
What size grants does Gage Family Foundation award?
In 2024, Gage Family Foundation awarded 12 grants totaling $95K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Gage Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gage Family Foundation reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gage Family Foundation's EIN?
Gage Family Foundation's EIN (Employer Identification Number) is 20-4900172. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gage Family 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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