Gatewood Family Foundation

Private foundation · Grantmaker Houston, TX EIN: 76-0595111

Gatewood Family Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $785K in total assets. In 2024, it awarded 7 grants totaling $270K. Net investment income was $24K.

Gatewood Family Foundation at a glance

In short: Gatewood Family Foundation gave $270K across 7 grants in 2024 (avg $39K), mostly in Texas. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$269,800
+12.0% vs 2023
Grants made (2024)
7
-22.2% vs 2023
Average grant
$38,543
+43.9% vs 2023
Median grant
$25,000
Total assets
$784,768
-19.2% vs 2023
Primary geography
Texas (96% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Gatewood Family Foundation funds

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Boys & Girls Country: $95KBoys & Girls Country$95KArbor School: $88KArbor School$88KMake a Wish: $36KMake a Wish$36KSeal Legacy Foundation: $25KSeal Legacy Foundation$25KNavy Seal Foundation: $10KNavy Seal Foundation$10KSecond Baptist School Foundation: $10KSecond Baptist SchoolFoundation$10KThe Hobby Center: $6KThe Hobby Center$6K

The largest 2024 recipient was Boys & Girls Country ($95K). Together the top 7 received $270K.

Grant Size Distribution

42 grants across all recorded years

31<$50K9$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 31 grants of 42 (74%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of 2024 grant dollars across all 7 itemized grants.

Cities

HoustonAustinHockleyVirginia BeachIrvingMontgomeryNorth AdamsWichitaAddisonCarrolltonMarble FallsPasadenaRosevilleStafford

How Gatewood Family Foundation gives

  • Giving grew 42% from 2021 to 2024. Method
  • In 2024 it paid out 430% of its IRS minimum distribution (the 5% rule). 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

$0$100K$200K$300K10 grants2020 8 grants2021 8 grants2022 9 grants2023 7 grants2024

From 2020 to 2024, annual grant giving ranged from $190K (2021) to $286K (2022). In 2024 it made 7 grants totaling $270K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Boys & Girls Country Hockley, TXGeneral Support$95,000
Arbor School Houston, TXGeneral Support$87,500
Make a Wish Addison, TXGeneral Support$36,300
Seal Legacy Foundation Austin, TXGeneral Support$25,000
Navy Seal Foundation Virginia Beach, VAGeneral Support$10,000
Second Baptist School Foundation Houston, TXGeneral Support$10,000
The Hobby Center Houston, TXGeneral Support$6,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$784,768$104,074$289,986$269,8007$280,800$24,019$65,343
2023$970,680$328,420$256,488$241,0009$241,000$81,377$63,743
2022$898,748$-39,250$299,625$285,8108$287,410$18,124$78,791
2021$1,237,623$200,283$211,655$189,5808$191,080$178,183$80,444
2020$1,248,995$-201,827$271,254$248,00010—$38,433$74,634

Under IRS private-foundation payout rules, Gatewood Family Foundation reported a distributable amount of $65K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Gatewood Family Foundation is led by Michael E. Gatewood, President on the 2024 filing; none of the 5 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Michael E. Gatewood

    President

    New on the 2024 filing

    1 hr/week

    No compensation reported

  • Cindy L. Gatewood

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Kristen J. Stedham

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Paige E. Kelly

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Nathan Stedham

    Executive Di

    Executive Director → Executive Di, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: E Michael Gatewood (2020–2023) — President

Data from IRS Form 990 filings, 2020–2024. "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 Gatewood Family Foundation

How much does Gatewood Family Foundation give each year?

Gatewood Family Foundation gave $270K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $241K across 9 grants.

What is Gatewood Family Foundation's typical grant size?

Gatewood Family Foundation's median grant in 2024 was $25,000, and its average grant was $38,543, across 7 grants on its 2024 IRS Form 990-PF.

Where does Gatewood Family Foundation give grants?

Gatewood Family Foundation gives mostly in Texas: 96% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Houston, TX (3 grants).

Does Gatewood Family Foundation give general operating support?

Yes: 100% of Gatewood Family Foundation's 2024 grants with a stated purpose (7 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Gatewood Family Foundation's largest grantees?

Gatewood Family Foundation's largest 2024 grantees include Boys & Girls Country ($95,000), Arbor School ($87,500) and Make a Wish ($36,300), according to its 2024 IRS Form 990-PF. Together they received 81% of its itemized 2024 grant dollars.

How large is Gatewood Family Foundation?

Gatewood Family Foundation reported $785K in total assets on its 2024 IRS Form 990-PF. It paid out $281K in qualifying distributions that year, against a required minimum of $65K (roughly 5% of its investment assets).

What is Gatewood Family Foundation's EIN?

Gatewood Family Foundation's EIN (Employer Identification Number) is 76-0595111. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Gatewood Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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