The Gerald and Virginia Rose Foundation is a private foundation based in Hudson, Colorado. It provides need-based educational grants to students experiencing financial hardship in western Eagle County who are pursuing higher education through accredited college programs, trade schools, or professional certification programs.
Key facts about Gerald and Virginia Rose Foundation
In short: Gerald and Virginia Rose Foundation gave $136K across 25 grants in 2024 (avg $5K), mostly in Colorado. 40% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 20-5160913
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $135,700
- Grants made (2024)
- 25
- Average grant
- $5,428
- Median grant
- $3,500
- New grantees (estimate)
- 40% first-time grantees (10 of 25, 2024)
- Total assets
- $1,945,102
- Primary geography
- Colorado (100% of itemized 2024 grant dollars)
- How to apply
- The foundation’s website provides an online application process. Full details ↓
- Deadline
- May 31.
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
-1.3% YoY
Annual Giving
$136K
+35.6% YoY
Grant Count
25
+31.6% YoY
Avg Grant Size
$5K
+3.0% YoY
Under IRS private-foundation payout rules, Gerald and Virginia Rose Foundation reported a distributable amount of $117K for 2024 — the minimum it must pay out in qualifying distributions.
Is Gerald and Virginia Rose Foundation open to new grantees?
40%
first-time grantees, 2024
In 2024, 10 of 25 grantees (40%) were first-time recipients. First grants averaged $5K; repeat grants $6K. How we count
Medians: $4K first-time, $4K repeat.
- 60% of 2024 grantees were also funded in 2023. Method
- Giving grew 35% from 2021 to 2024. Method
- In 2024 it paid out 116% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation states that its mission is to provide financial aid to students in western Eagle County facing financial hardship as they pursue higher education. It encourages trade and technical training and professional certifications, as well as accredited college programs. It gives preference to students who remain in Colorado and attend in-state colleges with lower tuition rates.
The foundation also reports grants to a Methodist church and to a local resident in need. HopeWest, which received $100 in 2024, describes its own mission as changing experiences of aging, illness, and grief through creativity, volunteerism, and philanthropy.
Grantmaking
In 2024, the foundation made 25 grants totaling $135,700. Grant amounts ranged from $100 to $40,000, with a median grant of $3,500. The largest reported grants were $40,000 to United Methodist Church in Eagle, Colorado, for a food bank and other church activities, and $25,000 to Tony Leonetti in Gypsum, Colorado, for crisis funding. Several grants of $3,500 were reported for college expenses, including grants to students in Eagle and Gypsum.
Review Cycle
** May 31. The website lists the application period as April 15 through May 31.
How to Apply
. Applicants must demonstrate financial need and live in Wolcott or west of Wolcott in western Eagle County. Required materials are the foundation application, transcript, FAFSA, and federal income tax return; incomplete applications are not considered. Prior recipients seeking continued support must submit an essay, updated school costs, a college transcript, and federal income tax return.
Ready to take the next step with Gerald and Virginia Rose Foundation?
Geographic Focus
Where this funder awards grants
The foundation’s student program serves western Eagle County, Colorado, specifically residents of Wolcott and areas west of Wolcott. All 2024 grant dollars were reported as going to recipients in Colorado.
Grant Distribution by State
Share of all 25 itemized 2024 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
91 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| UNITED METHODIST CHURCH Eagle, CO | FOOD BANK ANDOTHER CHURCHACTIVITIES | $40,000 |
| TONY LEONETTI Gypsum, CO | CRISIS FUNDING | $25,000 |
| REBECCA RAITT Gypsum, CO | COLLEGE EXPENSES | $5,000 |
| JUSTIN VARGAS Gypsum, CO | COLLEGE EXPENSES | $3,500 |
| LAUREN RUMLEY Eagle, CO | COLLEGE EXPENSES | $3,500 |
| GRACE MCCURDY Eagle, CO | COLLEGE EXPENSES | $3,500 |
| HAILEY GENTILINI Eagle, CO | COLLEGE EXPENSES | $3,500 |
| FAYTHE EICHLER Gypsum, CO | COLLEGE EXPENSES | $3,500 |
| AUDREY DECK Eagle, CO | COLLEGE EXPENSES | $3,500 |
| MIA PENDERGAST Eagle, CO | COLLEGE EXPENSES | $3,500 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $1,945,102 | $85,185 | $143,091 | $135,700 |
| 2023 | $1,971,380 | $77,765 | $106,327 | $100,100 |
| 2022 | $1,999,750 | $68,301 | $135,999 | $130,000 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,945,102 | $1,971,380 | $1,999,750 |
| Revenue | $85,185 | $77,765 | $68,301 |
| Expenses | $143,091 | $106,327 | $135,999 |
| Qualifying Distributions | $135,700 | $100,100 | $130,000 |
| Net Investment Income | $109,422 | $71,730 | $81,295 |
| Distributable Amount | $116,812 | $105,896 | $106,702 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists these directors: George McCollum, Judy Harper, Sherri Gaspar, Natacha Gaspar, Carol Wick, Thomas Allen, and Jackie Schlegel.
Gerald and Virginia Rose Foundation's 2024 filing lists 7 officers; 5 of 7 officers listed in 2024 are compensated.
Officers on the 2024 filing
Carol Wick
Director
On filings since 2020
0.5 hrs/week
$100 (2020) → $150 (2024)
George McCollum
Director
On filings since 2020
0.5 hrs/week
$100 (2020) → $250 (2024)
Natacha Gaspar
Director
On filings since 2020
0.5 hrs/week
$250 (2020) → $450 (2024)
Sherri Gaspar
Director
On filings since 2020
3 hrs/week
$500 (2020) → $550 (2024)
Thomas Allen
Director
On filings since 2020
0.5 hrs/week
$100 (2020) → $0 (2024)
Jackie Schlegel
Director
On filings since 2022
0.5 hrs/week
$100 (2022) → $150 (2024)
Judy Harper
Director
On filings since 2020
No compensation reported
Former officers (1)
- Former: Johnnette Phillips (2020–2021) — Director
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.
Compensation Overview
From 2024 IRS filing
Contact
Application contact: Sherrie Gaspar
Mailing address: P O Box 503, Hudson, CO 80642
Phone: (303) 910-9099
Website: https://therosefamilyfoundation.com
Frequently asked questions about Gerald and Virginia Rose Foundation
How much does Gerald and Virginia Rose Foundation give each year?
Gerald and Virginia Rose Foundation gave $136K across 25 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $100K across 19 grants.
What is Gerald and Virginia Rose Foundation's typical grant size?
Gerald and Virginia Rose Foundation's median grant in 2024 was $3,500, and its average grant was $5,428, across 25 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Gerald and Virginia Rose Foundation that year got $5K on average.
Where does Gerald and Virginia Rose Foundation give grants?
Gerald and Virginia Rose Foundation gives mostly in Colorado: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Gypsum, CO (12 grants) and Eagle, CO (10 grants).
Does Gerald and Virginia Rose Foundation give general operating support?
Occasionally: 8% of Gerald and Virginia Rose Foundation's 2024 grants with a stated purpose (2 of 25) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "College Expenses" (21 grants).
Who are Gerald and Virginia Rose Foundation's largest grantees?
Gerald and Virginia Rose Foundation's largest 2024 grantees include United Methodist Church ($40,000), Tony Leonetti ($25,000) and Rebecca Raitt ($5,000), according to its 2024 IRS Form 990-PF. Together they received 52% of its itemized 2024 grant dollars.
How large is Gerald and Virginia Rose Foundation?
Gerald and Virginia Rose Foundation reported $1.9M in total assets on its 2024 IRS Form 990-PF. It paid out $136K in qualifying distributions that year, against a required minimum of $117K (roughly 5% of its investment assets).
What does Gerald and Virginia Rose Foundation fund?
The foundation states that its mission is to provide financial aid to students in western Eagle County facing financial hardship as they pursue higher education. It encourages trade and technical training and professional certifications, as well as accredited college programs. It gives preference to students who remain in Colorado and attend in-state colleges with lower tuition rates. The foundation also reports grants to a Methodist church and to a local resident in need. HopeWest, which recei…
How do I apply for a grant from Gerald and Virginia Rose Foundation?
The foundation’s website provides an online application process. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Gerald and Virginia Rose Foundation's EIN?
Gerald and Virginia Rose Foundation's EIN (Employer Identification Number) is 20-5160913. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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