Gay Wise Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TOWSON, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $903K in total assets. In 2024, it awarded 8 grants totaling $88K. Net investment income was $89K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$903K
+0.0% YoY
Annual Giving
$88K
+5.4% YoY
Grant Count
8
+33.3% YoY
Avg Grant Size
$11K
-20.9% YoY
Under IRS private-foundation payout rules, Gay Wise Foundation Inc reported a distributable amount of $91K for 2024 — the minimum it must pay out in qualifying distributions.
About Gay Wise Foundation Inc
Based on IRS filings
Gay Wise Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TOWSON, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $903K in total assets. In 2024, it awarded 8 grants totaling $88K. Net investment income was $89K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $902,533 | $902,388 | $969,757 |
| Revenue | $114,409 | $41,970 | $139,408 |
| Expenses | $114,264 | $109,339 | $128,744 |
| Qualifying Distributions | $88,467 | $83,900 | $102,500 |
| Net Investment Income | $88,612 | $16,531 | $113,164 |
| Distributable Amount | $90,914 | $82,301 | $83,936 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Associated Jewish Federation ($25,000), Torah Academy for Girls ($25,000), Washington University ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ASSOCIATED JEWISH FEDERATION BALTIMORE, MD | CHARITABLE PURPOSES | $25,000 |
| WASHINGTON UNIVERSITY ST LOUIS, MO | CHARITABLE PURPOSES | $10,000 |
| TALMUDICAL ACADEMY PIKESVILLE, MD | CHARITABLE PURPOSES | $10,000 |
| TORAH ACADEMY FOR GIRLS QUEENS, NY | CHARITABLE PURPOSES | $25,000 |
| ASSOCIATED JEWISH CHARITIES BALTIMORE, MD | CHARITABLE PURPOSES | $9,967 |
| INSITE THROUGH EDUCATON PALM BEACH GARDENS, FL | CHARITABLE PURPOSES | $1,000 |
| MICHAEL J FOX FOUNDATION FOR PARKIN NEW YORK, NY | CHARITABLE PURPOSES | $2,500 |
| THE SECURE COMMUNITY NETWORK CHICAGO, IL | CHARITABLE PURPOSES | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MAYER GUTTMAN | Trustee | 1 | — |
| IRA GANSLER | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gay Wise Foundation Inc?
Gay Wise Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TOWSON, MD. It holds $903K in total assets as of 2024.
How large is Gay Wise Foundation Inc?
As of 2024, Gay Wise Foundation Inc holds $903K in total assets with $114K in annual revenue. It awarded 8 grants totaling $88K in 2024.
Where does Gay Wise Foundation Inc operate?
Gay Wise Foundation Inc has awarded grants in California, District of Columbia, Florida, Illinois, Massachusetts, Maryland, Missouri, New Jersey, New York.
What size grants does Gay Wise Foundation Inc award?
In 2024, Gay Wise Foundation Inc awarded 8 grants totaling $88K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Gay Wise Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gay Wise Foundation Inc reported a distributable amount of $91K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gay Wise Foundation Inc's EIN?
Gay Wise Foundation Inc's EIN (Employer Identification Number) is 20-3771728. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gay Wise Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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