Good News Foundation
Good News Foundation is a private foundation, based in Newport News, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.6M in total assets. In 2025, it awarded 1 grant totaling $190K. Net investment income was $533K.
Key facts about Good News Foundation
In short: Good News Foundation gave $190K across 1 grant in 2025 (avg $190K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- EIN
- 54-1812414
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $190,000
- Grants made (2025)
- 1
- Average grant
- $190,000
- Median grant
- $190,000
- Total assets
- $4,613,138
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$4.6M
+7.8% YoY
Annual Giving
$190K
+5.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$190K
+5.6% YoY
Under IRS private-foundation payout rules, Good News Foundation reported a distributable amount of $240K for 2025 — the minimum it must pay out in qualifying distributions.
How Good News Foundation gives
- Giving fell 25% from 2022 to 2025. Method
- In 2025 it paid out 80% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $180K (2024) to $255K (2022). In 2025 it made 1 grant totaling $190K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Peninsula Community Foundation ($190K).
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 5 grants of 10 (50%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Peninsula Community Foundation Hampton, VA | General Support for Ongoing Operations | $190,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $4,613,138 | $4,279,525 | $4,098,781 |
| Revenue | $533,599 | $367,346 | $248,197 |
| Expenses | $199,986 | $186,602 | $226,624 |
| Qualifying Distributions | $191,090 | $181,254 | $220,975 |
| Net Investment Income | $532,509 | $366,092 | $247,222 |
| Distributable Amount | $240,329 | $232,998 | $213,809 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 28, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 30, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 3, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 25, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Good News Foundation is led by C. Dwight West III, President, Secretary & Treasurer on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
C. Dwight West III
President, Secretary & Treasurer
On filings since 2020
No compensation reported
Robert W. Crowe
Director
On filings since 2020
No compensation reported
Jonathan West
Director
On filings since 2022
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Good News Foundation
How much does Good News Foundation give each year?
Good News Foundation gave $190K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $180K across 1 grant.
How large is Good News Foundation?
Good News Foundation reported $4.6M in total assets on its 2025 IRS Form 990-PF. It paid out $191K in qualifying distributions that year, against a required minimum of $240K (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 Good News Foundation operate?
Good News Foundation has awarded grants in California, Colorado, Illinois, Minnesota, Virginia.
What is Good News Foundation's EIN?
Good News Foundation's EIN (Employer Identification Number) is 54-1812414. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Good News Foundation by hand.
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