GAK Charitable Foundation
GAK Charitable Foundation is a private foundation, 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.
GAK Charitable Foundation at a glance
- Total assets
- $2,729,508
- +6.8% vs 2024
- Revenue (2025)
- $175,503
- -11.1% vs 2024
- Net investment income (2025)
- $175,420
- -11.1% vs 2024
- Expenses (2025)
- $1,001
- -98.1% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who GAK Charitable Foundation funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 1 grant of 3 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $25K (2019) to $255K (2023). In 2024 it made 1 grant totaling $50K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Foundation of Greatr Musc Muscatine, IA | Gen'l Operations | $50,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,729,508 | $175,503 | $1,001 | — | — | — | $175,420 | $183,381 |
| 2024 | $2,555,004 | $197,464 | $52,660 | $50,000 | 1 | $50,000 | $197,387 | $157,666 |
| 2023 | $2,410,200 | $105,843 | $258,334 | $254,895 | 2 | $254,895 | $115,444 | $138,644 |
| 2022 | $2,341,281 | $158,679 | $2,584 | — | — | — | $158,610 | $141,269 |
| 2021 | $2,185,186 | $125,798 | $313 | — | — | — | $125,732 | $159,775 |
| 2020 | $2,059,701 | $329,883 | $254,439 | $253,521 | 2 | — | $78,519 | $101,222 |
| 2019 | $2,087,057 | $301,294 | $30,641 | $25,000 | 1 | — | $100,619 | $100,074 |
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.
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.
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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- 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)
Live grants for the work GAK Charitable Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in GAK Charitable Foundation's focus areas in our free grants database
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