GAX Insurance Education Foundation Inc
GAX Insurance Education Foundation Inc is a private foundation focused on Health, based in Springfield, MA. IRS filing data is available from 2019 through 2023.
GAX Insurance Education Foundation Inc at a glance
- Revenue (2023)
- $634
- -114.0% vs 2022
- Expenses (2023)
- $17,498
- -86.7% vs 2022
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated October 2026.
Who GAX Insurance Education Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 5 grants of 9 (56%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How GAX Insurance Education Foundation Inc gives
- Giving grew 39% from 2019 to 2022. Method
- In 2022 it paid out well above 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
From 2019 to 2022, annual grant giving ranged from $85K (2019) to $227K (2021). In 2022 it made 2 grants totaling $118K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Finsecagama Foundation East Washington DC, DC | Produce education resources for field leaders in insurance and financial services | $97,500 |
| The American College of Financial Services Bryn Mawr, PA | Financial Education for Securities, Banking and Insurance Professionals. | $20,000 |
Ready to take the next step with GAX Insurance Education Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $634 | $17,498 | — | — | — | — | $36 |
| 2022 | $17,498 | $-4,532 | $131,868 | $117,500 | 2 | $117,500 | — | $7,164 |
| 2021 | $168,682 | $54,149 | $243,588 | $227,112 | 2 | $227,112 | $37,673 | $19,439 |
| 2020 | $342,703 | $30,168 | $224,173 | $210,000 | 3 | — | $15,995 | $25,916 |
| 2019 | $536,689 | $50,291 | $98,441 | $84,584 | 2 | — | $36,434 | $29,962 |
Under IRS private-foundation payout rules, GAX Insurance Education Foundation Inc reported a distributable amount of $36 for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
GAX Insurance Education Foundation Inc is led by Joseph Dileo, President & Director since 2021 (on filings since 2019); none of the 4 officers listed in 2023 report compensation.
Officers on the 2023 filing
Joseph Dileo
President & Director
Clerk & Director → Treasurer & Director, 2020
Treasurer & Director → President & Director, 2021
On filings since 2019
0.8 hrs/week
No compensation reported
Michael P. Ryan
Director
On filings since 2019
0.8 hrs/week
No compensation reported
Greg McRoberts
Treasurer & Director
Clerk & Director → Treasurer & Director, 2021
On filings since 2020
0.8 hrs/week
No compensation reported
Michael Book
Clerk & Director
On filings since 2021
0.8 hrs/week
No compensation reported
Former officers (3)
- Former: Marilyn Kelleher (2019–2020) — Director
- Former: Paul Fox (2019–2020) — President & Director
- Former: J. K. McAndrews (2019) — President & Director
Data from IRS Form 990 filings, 2019–2023. "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 GAX Insurance Education Foundation Inc
What is GAX Insurance Education Foundation Inc?
GAX Insurance Education Foundation Inc is a private foundation focused on Health, based in Springfield, MA.
Where does GAX Insurance Education Foundation Inc operate?
GAX Insurance Education Foundation Inc has awarded grants in District of Columbia, New Jersey, Pennsylvania, Virginia.
How much is GAX Insurance Education Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, GAX Insurance Education Foundation Inc reported a distributable amount of $36 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is GAX Insurance Education Foundation Inc's EIN?
GAX Insurance Education Foundation Inc's EIN (Employer Identification Number) is 46-2380055. IRS Form 990 filing data is available on this page for 2019–2023.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS July 15, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 16, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- IRS filings on file for fiscal years 2019–2023
Explore Open Grants
Browse active grant opportunities in GAX Insurance Education Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common
HarbourView Foundation
Wilmington, DE
Assets
$17K
Grants
2
Total Given
$30K
The George W Bauer Family
Cranford, NJ
The George W Bauer Family supports organizations working in areas including health, education, food access, the environment, youth, and religious and humanitarian services. Its 2025 grants ranged from $2,500 to $60,000, with a median of $15,000; the largest share went to New Jersey, though it also funded organizations in other states and Washington, DC. It accepts requests by letter with supporting materials, and the filing states no restrictions on awards.
Assets
$27.1M
Grants
77
Total Given
$1.4M
Kathy Chazen Family Charitable Trust
New York, NY
The trust supports cultural, educational, health, and community-service organizations, with most of its giving in New York and smaller amounts in Wisconsin, Louisiana, and California. In 2025, grants ranged from $150 to $25,000, with a median of $5,000. It accepts no unsolicited requests and gives only to preselected organizations.
Assets
$2.8M
Grants
16
Total Given
$114K
McKinstry Charitable Foundation
Seattle, WA
Assets
$17K
Grants
322
Total Given
$1.5M
Newark Arts Council
Newark, NJ
Newark arts' mission is to power the arts to transform the lives of those who live in, work in, and visit newark.
Assets
$607K
Grants
5
Total Given
$113K
Shernoff Family Foundation
Inglewood, CA
Assets
$77K
Grants
2
Total Given
$106K
More similar funders
More Funders in Massachusetts
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from GAX Insurance Education Foundation Inc'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.
GAX Insurance Education Foundation Inc down — hundreds of funders to go?