Gallagher Charitable Trust
Gallagher Charitable Trust is a private foundation based in Long Boat Key, Florida (EIN 84-3910026). Established in 2020, it operates as a 501(c)(3) organization classified under the NTEE category of Private Grantmaking Foundations. The foundation is structured as a private foundation with no employees.
Key facts about Gallagher Charitable Trust
- EIN
- 84-3910026
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $52,550
- Grants made (2024)
- 26
- Average grant
- $2,021
- Median grant
- $500
- New grantees (estimate)
- 12% first-time grantees (3 of 26, 2024)
- Total assets
- $757,513
- Primary geography
- Indiana (42% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Gallagher Charitable Trust funds
By grant dollars, the top recipient states for Gallagher Charitable Trust's 26 itemized 2024 grants were Indiana (42%), Wisconsin (35%) and Ohio (12%). The most frequent recipient cities were Milwaukee, WI (8 grants), Sarasota, FL (3 grants), Elm Grove, WI (2 grants) and Iron Mountain, MI (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is Gallagher Charitable Trust open to new grantees?
12%
first-time grantees, 2024
In 2024, 3 of 26 grantees (12%) were first-time recipients. First grants averaged $533; repeat grants $2K. How we count
Medians: $300 first-time, $500 repeat.
- 85% of 2024 grantees were also funded in 2023. Method
- Giving grew 21% from 2021 to 2024. Method
- In 2024 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Gallagher Charitable Trust
- How to evaluate Gallagher Charitable Trust as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$758K
-3.9% YoY
Annual Giving
$53K
+19.2% YoY
Grant Count
26
+13.0% YoY
Avg Grant Size
$2K
+5.4% YoY
Under IRS private-foundation payout rules, Gallagher Charitable Trust reported a distributable amount of $56K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation makes grants primarily for general operating support. Recent grantmaking activity shows:
Grant Range
**: $50 to $22,000
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Geographic Focus
Where this funder awards grants
The foundation distributes grants across multiple states with notable concentration in Wisconsin (46% of grants), particularly in Milwaukee (61% of Wisconsin grants), along with funding in Wauwatosa, Elm Grove, and other Wisconsin communities. Additional grants have been awarded in Illinois, Indiana, Ohio, and California.
Grant Distribution by State
Share of all 26 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
2024 (Most Recent Filing):
- Total Assets: $757,513
- Total Revenue: $33,180
- Total Expenses: $61,721
- Net Income: -$28,541
- Charitable Disbursements: $53,550 (86.8% of expenses)
Revenue Composition (2024):
- Dividends: $28,158 (84.9%)
- Sales of Assets: $5,022 (15.1%)
2023:
- Total Assets: $788,549
- Total Revenue: $26,372
- Total Expenses: $54,872
The foundation carries no liabilities and maintains investment holdings of approximately $492,687.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $757,513 | $788,549 | $814,549 |
| Revenue | $33,180 | $26,372 | $141,553 |
| Expenses | $61,721 | $54,872 | $64,089 |
| Qualifying Distributions | $53,550 | $45,350 | $56,100 |
| Net Investment Income | $25,009 | $18,891 | $133,564 |
| Distributable Amount | $55,649 | $48,475 | $50,008 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
122 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include University of Notre Dame ($22,000), Marquette University ($7,000), Richard and Florence Fridl Family Scholarship-Univ of Dayton ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF NOTRE DAME Notre Dame, IN | GENERAL OPERATING SUPPORT | $22,000 |
| MARQUETTE UNIVERSITY Milwaukee, WI | GENERAL OPERATING SUPPORT | $7,000 |
| RICHARD AND FLORENCE FRIDL FAMILY SCHOLARSHIP-UNIV OF DAYTON Dayton, OH | GENERAL OPERATING SUPPORT | $6,000 |
| ARCHDIOCESE OF MILWAUKEE Milwaukee, WI | GENERAL OPERATING SUPPORT | $2,300 |
| JOURNEY HOUSE FOUNDATION Milwaukee, WI | GENERAL OPERATING SUPPORT | $2,000 |
| MARQUETTE UNIVERSITY HIGH SCHOOL Milwaukee, WI | GENERAL OPERTAING SUPPORT | $2,000 |
| MARTY O'CONNOR FOUNDATION FOR PROGRESS Orange, CA | GENERAL OPERTAING SUPPORT | $1,200 |
| A HOUSE IN AUSTIN Chicago, IL | GENERAL OPERATING SUPPORT | $1,000 |
| BALLPARK DAY OF FAITH Elm Grove, WI | GENERAL OPERATING SUPPORT | $1,000 |
| ST JOSEPH CONGREGATION Wauwatosa, WI | GENERAL OPERTAING SUPPORT | $1,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Michael L Gallagher serves as Trustee with no reported compensation.
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael L Gallagher | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from Gallagher Charitable Trust?
The foundation makes grants primarily for general operating support. Recent grantmaking activity shows: • **2024**: 26 grants totaling $53,550 • **2023**: 27 grants totaling approximately $53,000 • **Grant range**: $50 to $22,000 • **Median grant size**: $500 Recent grant recipients include University of Notre Dame ($22,000), Marquette University ($7,000), Richard and Florence Fridl Family Scholarship at University of Dayton ($6,000), Archdiocese of Milwaukee ($2,000), Journey House Foundation …
Where does Gallagher Charitable Trust make grants?
The foundation distributes grants across multiple states with notable concentration in Wisconsin (46% of grants), particularly in Milwaukee (61% of Wisconsin grants), along with funding in Wauwatosa, Elm Grove, and other Wisconsin communities. Additional grants have been awarded in Illinois, Indiana, Ohio, and California.
What size grants does Gallagher Charitable Trust award?
In 2024, Gallagher Charitable Trust awarded 26 grants totaling $53K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Gallagher Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gallagher Charitable Trust reported a distributable amount of $56K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gallagher Charitable Trust's EIN?
Gallagher Charitable Trust's EIN (Employer Identification Number) is 84-3910026. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.