Gak Charitable Foundation
Gak Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Muscatine, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.7M in total assets. Net investment income was $175K.
Key facts about Gak Charitable Foundation
- EIN
- 20-5825746
- Latest 990 filing
- Form 990-PF, 2025
- Total assets
- $2,729,508
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.7M
+6.8% YoY
Revenue
$176K
-11.1% YoY
Net Investment Income
$175K
-11.1% YoY
Expenses
$1K
-98.1% YoY
Under IRS private-foundation payout rules, Gak Charitable Foundation reported a distributable amount of $183K for 2025 — the minimum it must pay out in qualifying distributions.
How Gak Charitable Foundation gives
- In 2024 it paid out 32% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Ready to take the next step with Gak Charitable Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2025
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,729,508 | $2,555,004 | $2,410,200 |
| Revenue | $175,503 | $197,464 | $105,843 |
| Expenses | $1,001 | $52,660 | $258,334 |
| Qualifying Distributions | — | $50,000 | $254,895 |
| Net Investment Income | $175,420 | $197,387 | $115,444 |
| Distributable Amount | $183,381 | $157,666 | $138,644 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 4, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 28, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 31, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 18, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 4, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 28, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 31, 2024)
Leadership & Key People
Officers and directors from IRS filings
Gak Charitable Foundation is led by Gage A. Kent, President on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gage A. Kent
President
On filings since 2019
1 hr/week
No compensation reported
Eric J. Thomsen
Secretary
On filings since 2019
1 hr/week
No compensation reported
Jeffrey R. Jarrett
Vice President
On filings since 2019
1 hr/week
No compensation reported
Marion Kay Van Acker
Treasurer
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Gak Charitable Foundation
How large is Gak Charitable Foundation?
Gak Charitable Foundation reported $2.7M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $176K.
What is Gak Charitable Foundation?
Gak Charitable Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Muscatine, IA. It holds $2.7M in total assets as of 2025.
Where does Gak Charitable Foundation operate?
Gak Charitable Foundation has awarded grants in Colorado, District of Columbia, Iowa.
How much is Gak Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Gak Charitable Foundation reported a distributable amount of $183K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gak Charitable Foundation's EIN?
Gak Charitable Foundation's EIN (Employer Identification Number) is 20-5825746. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Gak Charitable Foundation by hand.
Explore Open Grants
Browse active grant opportunities in Gak Charitable Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Community Fdn of Greater Des Moines
Des Moines, IA
The Community Foundation of Greater Des Moines funds nonprofits through competitive grants for community impact, organizational capacity, and collaboration, with 2026 priorities including housing, transportation, health, economic opportunity, and inclusion. Giving varies widely: 2024 grants had a median of $12,889, while Capacity Building grants are capped at $7,500. Its programs serve Greater Des Moines and, through an affiliated foundation, Adair County; unsolicited requests are not addressed in the profile.
Assets
$918.7M
Grants
1,259
Total Given
$55.7M
Kent Corporation Charitable Foundation
Muscatine, IA
The foundation funds public-benefit projects, often favoring educational institutions and considering projects with few other funding sources. Its 2024 grants had a median of $10,500, though awards ranged widely; it primarily supports work near Muscatine County, Iowa, and to a lesser extent in the Washington, Indiana area. It accepts a few unsolicited requests by letter or other written statement, submitted at least three months before funds are needed.
Assets
—
Grants
40
Total Given
$2.7M
Community Foundation of Northern
Fort Collins, CO
The Community Foundation of Northern Colorado funds a broad range of community needs, including housing, water, mental health, education, and human services, primarily through donor-directed funds and a smaller competitive grant program. Its competitive grants typically range from $2,500–$5,000 for Community Grants to about $20,000 for Intersections Grants, serving communities including Berthoud, Estes Valley, Fort Collins, and Loveland. It accepts applications for its stated Community Fund cycles; Intersections Grants require an initial letter of intent.
Assets
$244.7M
Grants
268
Total Given
$16.0M
The DLR Group Foundation
Omaha, NE
Assets
$7K
Grants
11
Total Given
$255K
Duane Hinkle Charitable Foundation
Eagan, MN
Assets
$4.1M
Grants
3
Total Given
$259K
Iowa Farm Bureau Federation
West Des Moines, IA
Iowa Farm Bureau Federation supports statewide Iowa initiatives in agriculture, farm families and rural communities, youth and education, and health and wellness. Its 2024 grants ranged from $5,189 to $163,000, with a median of $16,817. It accepts written grant requests from eligible nonprofits; applications are reviewed on set deadlines, and initiatives must have statewide impact (local projects should contact their county Farm Bureau).
Assets
$1.8B
Grants
114
Total Given
$2.5M
Pella Rolscreen Foundation
Pella, IA
The Pella Rolscreen Foundation supports charitable organizations working in education and community betterment, including civic, cultural, social, and physical-environment programs in communities where Pella Corporation employees live. Large grants generally range from $10,000 to $50,000 and typically cover no more than 25% of project costs; its 2024 grants had a median of $1,029. It accepts unsolicited requests from eligible 501(c)(3) nonprofits and government entities in communities where Pella has manufacturing plants.
Assets
$22.4M
Grants
433
Total Given
$1.9M
Prairie Meadows Race Track and Casino
Altoona, IA
Prairie Meadows funds arts and culture, education, economic development, human services, and youth sports and recreation through grants for projects in central Iowa and across Iowa. Its 2024 grant median was $15,000; program awards range from $100 to $1 million, depending on the grant program.
Assets
$327.6M
Grants
409
Total Given
$33.0M
Iowa Health Care Association Foundation
West Des Moines, IA
The Iowa Health Care Association Foundation primarily funds scholarships and workforce development for Iowa’s long-term care profession, including education for employees of IHCA member facilities and high school students pursuing nursing careers. Its 2024 grants averaged about $14,200, though giving varied; scholarship awards include $2,000 opportunities. It focuses on Iowa, and the information provided describes applications through specific scholarship programs rather than general unsolicited requests.
Assets
$329K
Grants
287
Total Given
$4.1M
New Charitable Foundation
Fort Dodge, IA
The foundation mainly supports Iowa 4-H programs, fire and rescue services, community organizations, and agriculture scholarships; nearly all 2025 grant dollars went to Iowa. Its 2025 grants ranged from $100 to $5,960, with a median of $500, and its scholarships are $2,000 each. Unsolicited grant requests are not addressed in the available information.
Assets
$6K
Grants
264
Total Given
$294K
Quad Cities Community Foundation
Bettendorf, IA
The Quad Cities Community Foundation supports charitable programs in health and human services, education, arts and culture, the environment, youth services, and community development. It primarily serves Rock Island County, Illinois, and Scott County, Iowa, with affiliate funds reaching nearby counties; its 2024 grants had a median of $15,000, while its Operations and Programs Grants accept requests of $5,000–$20,000.
Assets
$209.7M
Grants
263
Total Given
$7.5M
Ottumwa Regional Legacy Foundation Inc
Ottumwa, IA
The foundation funds community projects in Ottumwa and Wapello County, including work in health, education, housing, economic prosperity, and quality of life. Its annual grantmaking averages about $3 million; Bright Ideas grants are typically $2,500–$30,000, while awards overall vary widely. Bright Ideas accepts applications from eligible nonprofits; strategic grants are by invitation only.
Assets
—
Grants
216
Total Given
$3.1M
More Funders in Iowa
Gak Charitable Foundation down — hundreds of funders to go?