Gig Foundation Inc
Gig Foundation Inc is a private foundation, based in Lake Leelanau, MI. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $12.8M in total assets. In 2025, it awarded 6 grants totaling $1.5M. Net investment income was $1.1M.
Gig Foundation Inc at a glance
In short: Gig Foundation Inc gave $1.5M across 6 grants in 2025 (avg $245K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,470,000
- +44.1% vs 2024
- Grants made (2025)
- 6
- +0.0% vs 2024
- Average grant
- $245,000
- +44.1% vs 2024
- Median grant
- $87,500
- Total assets
- $12,804,783
- -5.0% vs 2024
- Primary geography
- California (68% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Gig Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Joni & Friends ($1.0M). Together the top 6 received $1.5M.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 7 grants of 12 (58%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Gig Foundation Inc gives
- In 2025 it paid out 186% 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 2024 to 2025, annual grant giving ranged from $1.0M (2024) to $1.5M (2025). In 2025 it made 6 grants totaling $1.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Joni & Friends Agoura Hills, CA | Greatest Need | $1,000,000 |
| Equip Leadership Inc Duluth, GA | Greatest Need | $250,000 |
| Focus on the Family Colorado Springs, CO | Greatest Need | $125,000 |
| Living with Hope Highland, IN | Greatest Need | $50,000 |
| Young Life Colorado Springs, CO | Greatest Need | $25,000 |
| Celebrity Adventures Foundation Phoenix, AZ | Greatest Need | $20,000 |
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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 | $12,804,783 | $1,791,143 | $1,559,022 | $1,470,000 | 6 | $1,470,000 | $1,125,864 | $791,783 |
| 2024 | $13,481,344 | $2,112,642 | $1,106,283 | $1,020,000 | 6 | $1,020,000 | $508,778 | $711,008 |
| 2023 | $12,485,518 | $8,897,834 | $23,446 | — | — | — | $524,671 | $221,022 |
| 2022 | $3,145,283 | $8,066 | $4,074 | — | — | — | $7,593 | $19,219 |
Under IRS private-foundation payout rules, Gig Foundation Inc reported a distributable amount of $792K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Gig Foundation Inc is led by Troy L. Broad, President & Director on every filing since 2022; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Troy L. Broad
President & Director
On filings since 2022
2 hrs/week
No compensation reported
T. Eric Ritchie
Treasurer & Director
On filings since 2022
1 hr/week
No compensation reported
Tamara Broad
Secretary, Vice President & Director
On filings since 2022
3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2022–2025. "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 Gig Foundation Inc
How much does Gig Foundation Inc give each year?
Gig Foundation Inc gave $1.5M across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.0M across 6 grants.
What is Gig Foundation Inc's typical grant size?
Gig Foundation Inc's median grant in 2025 was $87,500, and its average grant was $245,000, across 6 grants on its 2025 IRS Form 990-PF.
Where does Gig Foundation Inc give grants?
Gig Foundation Inc gives mostly in California: 68% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Georgia (17%) and Colorado (10%). The most frequent recipient cities were Colorado Springs, CO (2 grants).
Does Gig Foundation Inc give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Gig Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Greatest Need" (6 grants).
Who are Gig Foundation Inc's largest grantees?
Gig Foundation Inc's largest 2025 grantees include Joni & Friends ($1,000,000), Equip Leadership Inc ($250,000) and Focus on the Family ($125,000), according to its 2025 IRS Form 990-PF. Together they received 94% of its itemized 2025 grant dollars.
How large is Gig Foundation Inc?
Gig Foundation Inc reported $12.8M in total assets on its 2025 IRS Form 990-PF. It paid out $1.5M in qualifying distributions that year, against a required minimum of $792K (roughly 5% of its investment assets).
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 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS December 22, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2022–2024
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