Gig Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE LEELANAU, MI. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $13.5M in total assets. In 2024, it awarded 6 grants totaling $1.0M. Net investment income was $509K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.5M
+8.0% YoY
Annual Giving
$1.0M
Grant Count
6
Avg Grant Size
$170K
Under IRS private-foundation payout rules, Gig Foundation Inc reported a distributable amount of $711K for 2024 — the minimum it must pay out in qualifying distributions.
About Gig Foundation Inc
Based on IRS filings
Gig Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE LEELANAU, MI. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $13.5M in total assets. In 2024, it awarded 6 grants totaling $1.0M. Net investment income was $509K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,481,344 | $12,485,518 | $3,145,283 |
| Revenue | $2,112,642 | $8,897,834 | $8,066 |
| Expenses | $1,106,283 | $23,446 | $4,074 |
| Qualifying Distributions | $1,020,000 | — | — |
| Net Investment Income | $508,778 | $524,671 | $7,593 |
| Distributable Amount | $711,008 | $221,022 | $19,219 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Joni & Friends ($1,000,000), Women's Resource Center ($11,000), Kids First Uganda ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| JONI & FRIENDS AGOURA HILLS, CA | GREATEST NEED | $1,000,000 |
| KIDS FIRST UGANDA SUTTONS BAY, MI | GREATEST NEED | $3,000 |
| BRICKWAYS TRAVERSE CITY, MI | GREATEST NEED | $1,000 |
| THE FATHER FRED FOUNDATION TRAVERSE CITY, MI | GREATEST NEED | $2,000 |
| WOMEN'S RESOURCE CENTER TRAVERSE CITY, MI | GREATEST NEED | $11,000 |
| PEACE RANCH TRAVERSE CITY, MI | GREATEST NEED | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TROY L BROAD | PRESIDENT/DIRECTOR | 2 | — |
| T ERIC RITCHIE | TREASURER/DIRECTOR | 1 | — |
| TAMARA BROAD | SECRETARY/VP/DIRECTOR | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gig Foundation Inc?
Gig Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE LEELANAU, MI. It holds $13.5M in total assets as of 2024.
How large is Gig Foundation Inc?
As of 2024, Gig Foundation Inc holds $13.5M in total assets with $2.1M in annual revenue. It awarded 6 grants totaling $1.0M in 2024.
Where does Gig Foundation Inc operate?
Gig Foundation Inc has awarded grants in California, Michigan.
What size grants does Gig Foundation Inc award?
In 2024, Gig Foundation Inc awarded 6 grants totaling $1.0M — an average of about $170K per grant, based on its IRS Form 990 filings.
How much is Gig Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gig Foundation Inc reported a distributable amount of $711K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gig Foundation Inc's EIN?
Gig Foundation Inc's EIN (Employer Identification Number) is 86-3264211. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Gig Foundation Inc'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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