Gem Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KALISPELL, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 2 grants totaling $150K. Net investment income was $62K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.7M
+9.8% YoY
Annual Giving
$150K
-14.8% YoY
Grant Count
2
-60.0% YoY
Avg Grant Size
$75K
+113.1% YoY
Under IRS private-foundation payout rules, Gem Foundation reported a distributable amount of $128K for 2024 — the minimum it must pay out in qualifying distributions.
About Gem Foundation
Based on IRS filings
Gem Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KALISPELL, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 2 grants totaling $150K. Net investment income was $62K.
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 | $2,660,339 | $2,422,960 | $2,481,275 |
| Revenue | $84,232 | $4,491 | $1,062,470 |
| Expenses | $177,216 | $195,438 | $192,010 |
| Qualifying Distributions | $155,332 | $178,044 | $176,774 |
| Net Investment Income | $62,347 | $38,355 | $56,935 |
| Distributable Amount | $128,327 | $118,842 | $122,303 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
23 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Samaritan Capital Foundation ($100,000), Partnership for the Advancement of New Americans (pana) ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PARTNERSHIP FOR THE ADVANCEMENT OF NEW AMERICANS (PANA) SAN DIEGO, CA | TO SUPPORT ORGANIZATION'S MISSION | $50,000 |
| SAMARITAN CAPITAL FOUNDATION SPOKANE, WA | TO SUPPORT ORGANIZATION'S MISSION | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KAREN A MERCALDO | CEO | 10 | — |
| GIANNA DIGIOVANNI | CFO | 5 | — |
| JANINE SCHOOLEY | DIRECTOR | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gem Foundation?
Gem Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KALISPELL, MT. It holds $2.7M in total assets as of 2024.
How large is Gem Foundation?
As of 2024, Gem Foundation holds $2.7M in total assets with $84K in annual revenue. It awarded 2 grants totaling $150K in 2024.
Where does Gem Foundation operate?
Gem Foundation has awarded grants in Arizona, California, Montana, New York, Ohio, Washington.
What size grants does Gem Foundation award?
In 2024, Gem Foundation awarded 2 grants totaling $150K — an average of about $75K per grant, based on its IRS Form 990 filings.
How much is Gem Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gem Foundation reported a distributable amount of $128K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gem Foundation's EIN?
Gem Foundation's EIN (Employer Identification Number) is 20-2016199. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gem Foundation'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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