Gak Charitable Foundation

Foundation · Grantmaker Muscatine, IA EIN: 20-5825746

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Cities

AmesMuscatineGreenwood VillageWashington

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K1 grants20192 grants20200 grants20210 grants20222 grants20231 grants20240 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2025

Grant Size Distribution

3 grants across all recorded years

1<$50K1$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K2019202020212022202320242025
Metric202520242023
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

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS May 4, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 28, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS October 31, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
  7. Updated Form 990-PF for fiscal year 2025 (received by the IRS May 18, 2026)
  8. Added Form 990-PF for fiscal year 2019 (received by the IRS May 4, 2020)
  9. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
  10. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 28, 2022)
  11. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
  12. 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.

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