Geoffrey Carlson Gage Foundation
Geoffrey Carlson Gage Foundation is a private foundation, based in Minnetonka, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $194K in total assets. In 2025, it made $25 in qualifying distributions. Net investment income was $36K.
Geoffrey Carlson Gage Foundation at a glance
- Total assets
- $193,831
- +15.3% vs 2024
- Revenue (2025)
- $36,047
- +618.9% vs 2024
- Qualifying distributions (2025)
- $25
- -100.0% vs 2024
- Expenses (2025)
- $173
- -99.9% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Geoffrey Carlson Gage Foundation funds
How this funder distributes its grants
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 7 grants of 8 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Geoffrey Carlson Gage Foundation gives
- Giving grew 1900% from 2021 to 2024. Method
- In 2025 it paid out 0% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2024, annual grant giving ranged from $5K (2020) to $160K (2024). In 2024 it made 2 grants totaling $160K.
Grants by year
Grant recipients and amounts by year
| 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 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $193,831 | $36,047 | $173 | — | — | $25 | $35,957 | $8,337 |
| 2024 | $168,163 | $5,014 | $160,491 | $160,023 | 2 | $160,048 | $4,175 | $12,943 |
| 2023 | $288,500 | $5,259 | $3,539 | — | — | $3,163 | $5,002 | $13,091 |
| 2022 | $243,308 | $4,384 | $11,542 | $8,000 | 2 | $11,131 | $4,091 | $12,821 |
| 2021 | $301,672 | $4,303 | $11,587 | $8,000 | 4 | $10,842 | $3,896 | $14,224 |
| 2020 | $261,409 | $23,295 | $12,402 | $5,375 | 2 | — | $22,730 | $10,990 |
| 2019 | $243,133 | $6,527 | $26,832 | $26,122 | 15 | — | $5,963 | $11,895 |
Under IRS private-foundation payout rules, Geoffrey Carlson Gage Foundation reported a distributable amount of $8K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Geoffrey Carlson Gage Foundation is led by Geoffrey C. Gage, Trustee & President on every filing since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Geoffrey C. Gage
Trustee & President
On filings since 2019
1 hr/week
No compensation reported
C. David Nelson
Trustee & Secretary
On filings since 2019
1 hr/week
No compensation reported
Former officers (1)
- Former: Kelly K. Gage (2019–2024) — Trustee & Treasurer
Data from IRS Form 990 filings, 2019–2025. "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 Geoffrey Carlson Gage Foundation
How large is Geoffrey Carlson Gage Foundation?
Geoffrey Carlson Gage Foundation reported $194K in total assets on its 2025 IRS Form 990-PF. It paid out $25 in qualifying distributions that year, against a required minimum of $8K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Geoffrey Carlson Gage Foundation operate?
Geoffrey Carlson Gage Foundation has awarded grants in District of Columbia, Illinois, Minnesota, New York.
What is Geoffrey Carlson Gage Foundation's EIN?
Geoffrey Carlson Gage Foundation's EIN (Employer Identification Number) is 20-5290423. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 15, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Geoffrey Carlson Gage Foundation funds
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