Gemini Foundation
Gemini Foundation is a private foundation, based in Lake Forest, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $338K in total assets. In 2024, it awarded 5 grants totaling $64K. Net investment income was $21K.
Gemini Foundation at a glance
In short: Gemini Foundation gave $64K across 5 grants in 2024 (avg $13K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $63,500
- -56.7% vs 2023
- Grants made (2024)
- 5
- -28.6% vs 2023
- Average grant
- $12,700
- -39.3% vs 2023
- Median grant
- $500
- Total assets
- $338,318
- -11.8% vs 2023
- Primary geography
- California (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Gemini Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Santa Barbara Museum of Art ($61K). Together the top 5 received $64K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 22 grants of 28 (79%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Gemini Foundation gives
- Giving fell 77% from 2021 to 2024. Method
- In 2024 it paid out 338% 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
From 2020 to 2024, annual grant giving ranged from $64K (2024) to $280K (2021). In 2024 it made 5 grants totaling $64K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Santa Barbara Museum of Art Santa Barbara, CA | Charitable | $60,500 |
| Sansum Clinic Santa Barbara, CA | Charitable | $1,500 |
| Paul Simon Institute Santa Barbara, CA | Charitable | $500 |
| Glen View Club Scholarship Foundation Golf, IL | Charitable | $500 |
| Memorial Sloan Kettering Cancer Center New York, NY | Charitable | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $338,318 | $21,261 | $66,678 | $63,500 | 5 | $63,500 | $21,261 | $18,766 |
| 2023 | $383,735 | $-38,183 | $148,560 | $146,500 | 7 | $146,500 | $11,802 | $21,780 |
| 2022 | $570,478 | $451,479 | $377,988 | $275,600 | 5 | $275,600 | $77,079 | $25,762 |
| 2021 | $57,417 | $21,094 | $283,560 | $279,700 | 4 | $279,700 | $21,094 | $398 |
| 2020 | $319,883 | $37,418 | $241,108 | $238,000 | 7 | — | $37,418 | $24,026 |
Under IRS private-foundation payout rules, Gemini Foundation reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Gemini Foundation is led by Richard U De Schutter, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Richard U De Schutter
President
On filings since 2020
5 hrs/week
No compensation reported
Debra A Hodgkins
Director
On filings since 2020
1 hr/week
No compensation reported
Douglas R De Schutter
Director
On filings since 2020
1 hr/week
No compensation reported
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 Gemini Foundation
How much does Gemini Foundation give each year?
Gemini Foundation gave $64K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $147K across 7 grants.
What is Gemini Foundation's typical grant size?
Gemini Foundation's median grant in 2024 was $500, and its average grant was $12,700, across 5 grants on its 2024 IRS Form 990-PF.
Where does Gemini Foundation give grants?
Gemini Foundation gives mostly in California: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Santa Barbara, CA (3 grants).
Does Gemini Foundation give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Gemini Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (5 grants).
Who are Gemini Foundation's largest grantees?
Gemini Foundation's largest 2024 grantees include Santa Barbara Museum of Art ($60,500), Sansum Clinic ($1,500) and Paul Simon Institute ($500), according to its 2024 IRS Form 990-PF. Together they received 98% of its itemized 2024 grant dollars.
How large is Gemini Foundation?
Gemini Foundation reported $338K in total assets on its 2024 IRS Form 990-PF. It paid out $64K in qualifying distributions that year, against a required minimum of $19K (roughly 5% of its investment assets).
What is Gemini Foundation's EIN?
Gemini Foundation's EIN (Employer Identification Number) is 36-4406108. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020 (received by the IRS September 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 3, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 8, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Gemini Foundation's focus areas in our free grants database
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