Geoffrey C and Kelly K Gage Family
Geoffrey C and Kelly K Gage Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNETONKA, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $168K in total assets. In 2024, it awarded 2 grants totaling $160K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$168K
-41.7% YoY
Annual Giving
$160K
Grant Count
2
Avg Grant Size
$80K
Under IRS private-foundation payout rules, Geoffrey C and Kelly K Gage Family reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.
About Geoffrey C and Kelly K Gage Family
Based on IRS filings
Geoffrey C and Kelly K Gage Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNETONKA, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $168K in total assets. In 2024, it awarded 2 grants totaling $160K. Net investment income was $4K.
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 | $168,163 | $288,500 | $243,308 |
| Revenue | $5,014 | $5,259 | $4,384 |
| Expenses | $160,491 | $3,539 | $11,542 |
| Qualifying Distributions | $160,048 | $3,163 | $11,131 |
| Net Investment Income | $4,175 | $5,002 | $4,091 |
| Distributable Amount | $12,943 | $13,091 | $12,821 |
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
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Chicago Community Foundation ($151,853), Chicago Community Foundation ($8,170).
| Recipient | Purpose | Amount |
|---|---|---|
| Chicago Community Foundation Chicago, IL | Kelly K. Gage Donor Advised Fund, a donor advised fund through the Northern Trust Charitable Giving Program | $151,853 |
| Chicago Community Foundation Chicago, IL | Kelly K. Gage Donor Advised Fund, a donor advised fund through the Northern Trust Charitable Giving Program | $8,170 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KELLY K GAGE | TRUSTEE, TREASURER | 1 | — |
| GEOFFREY C GAGE | TRUSTEE, PRESIDENT | 1 | — |
| C DAVID NELSON | TRUSTEE, SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Geoffrey C and Kelly K Gage Family?
Geoffrey C and Kelly K Gage Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNETONKA, MN. It holds $168K in total assets as of 2024.
How large is Geoffrey C and Kelly K Gage Family?
As of 2024, Geoffrey C and Kelly K Gage Family holds $168K in total assets with $5K in annual revenue. It awarded 2 grants totaling $160K in 2024.
Where does Geoffrey C and Kelly K Gage Family operate?
Geoffrey C and Kelly K Gage Family has awarded grants in Illinois, Minnesota, New York.
What size grants does Geoffrey C and Kelly K Gage Family award?
In 2024, Geoffrey C and Kelly K Gage Family awarded 2 grants totaling $160K — an average of about $80K per grant, based on its IRS Form 990 filings.
How much is Geoffrey C and Kelly K Gage Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Geoffrey C and Kelly K Gage Family reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Geoffrey C and Kelly K Gage Family's EIN?
Geoffrey C and Kelly K Gage Family's EIN (Employer Identification Number) is 20-5290423. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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