Good News Foundation
Good News Foundation is a private foundation based in Kerrville, Texas. It reported making 14 grants totaling $7,400 in 2024 to charitable organizations, including religious, humanitarian, and educational organizations.
Good News Foundation at a glance
In short: Good News Foundation gave $7K across 14 grants in 2024 (avg $528.571), top state North Carolina. 7% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $7,400
- -41.3% vs 2023
- Grants made (2024)
- 14
- -22.2% vs 2023
- Average grant
- $529
- -24.5% vs 2023
- Median grant
- $500
- Total assets
- $200,042
- -1.8% vs 2023
- New grantees (estimate)
- 7% first-time grantees (1 of 14, 2024; small sample)
- Primary geography
- North Carolina (27% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Good News Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 310 Twin Springs Road North, Kerrville, TX 78028
Phone: (734) 276-2065
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Good News Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Samaritans Purse ($2K). Together the top 10 received $6K.
Grant Size Distribution
66 grants across all recorded years
The most common grant size was under $50K: 66 grants of 66 (100%).
Geographic Focus
Where this funder awards grants
The 2024 grants went to recipients in multiple states. The largest shares of grant dollars went to organizations in North Carolina (27%), Michigan (23%), and Texas (19%); Georgia and Colorado each received 7%.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
States
Cities
Is Good News Foundation open to new grantees?
7%
first-time grantees, 2024
In 2024, 1 of 14 grantees (7%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $400; repeat grants $538. How we count
Medians: $400 first-time, $500 repeat.
- 93% of 2024 grantees were also funded in 2023. Method
- Giving fell 39% from 2021 to 2024. Method
- In 2024 it paid out 56% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $7K (2024) to $13K (2022). In 2024 it made 14 grants totaling $7K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Samaritans Purse Boone, NC | General Purposes | $1,500 |
| Elevation Church Matthews, NC | General Purposes | $500 |
| Hillsdale College Hillsdale, MI | General Purposes | $500 |
| In Touch Ministries Atlanta, GA | General Purposes | $500 |
| Northpointe Church Cedar Park, TX | General Purposes | $500 |
| Officers Christian Fellowship Colorado Springs, CO | General Purposes | $500 |
| Pathway to Victory Dallas, TX | General Purposes | $500 |
| Voices of Martyrs Bartlesville, OK | General Purposes | $500 |
| Love Isrealorg Merritt Island, FL | General Purposes | $400 |
| Missionary Aviation Fellowship Nampa, ID | General Purposes | $400 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $200,042 | $11,186 | $9,453 | $7,400 | 14 | $7,400 | $5,666 | $13,100 |
| 2023 | $203,712 | $29,431 | $14,688 | $12,600 | 18 | $12,600 | $10,293 | $11,152 |
| 2022 | $157,446 | $12,248 | $15,991 | $12,860 | 18 | $12,860 | $6,598 | $11,088 |
| 2021 | $161,189 | $20,775 | $14,475 | $12,195 | 16 | $12,195 | $22,430 | $11,733 |
| 2020 | $155,283 | $11,109 | $2,198 | — | — | — | $3,641 | $9,332 |
Under IRS private-foundation payout rules, Good News Foundation reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to organizations including Samaritan’s Purse, whose stated mission is to provide spiritual and physical aid to people affected by war, poverty, disasters, disease, and famine while sharing the Christian faith; and In Touch Ministries, whose stated mission is to lead people into a growing relationship with Jesus Christ and strengthen the local church. These are the grantees’ missions, not the foundation’s.
Grantmaking
In 2024, the foundation made 14 grants totaling $7,400. Grants ranged from $400 to $1,500, with a median grant of $500. Recipients included Samaritan’s Purse ($1,500), Elevation Church ($500), Hillsdale College ($500), In Touch Ministries ($500), NorthPointe Church ($500), Officers’ Christian Fellowship ($500), Pathway to Victory ($500), and Voices of the Martyrs ($500).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Jack R. Lousma as president, Gralia K. Lousma as vice president/secretary, and Joseph L. Lousma as vice president.
Good News Foundation is led by Jack R. Lousma, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jack R. Lousma
President
On filings since 2020
4 hrs/week
No compensation reported
Gralia K. Lousma
Vice President & Secretary
On filings since 2020
2 hrs/week
No compensation reported
Joseph L. Lousma
Vice President
On filings since 2020
1 hr/week
No compensation reported
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.
Frequently asked questions about Good News Foundation
How much does Good News Foundation give each year?
Good News Foundation gave $7K across 14 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $13K across 18 grants.
What is Good News Foundation's typical grant size?
Good News Foundation's median grant in 2024 was $500, and its average grant was $529, across 14 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Good News Foundation that year got $400 on average.
Where does Good News Foundation give grants?
Good News Foundation's top state is North Carolina, with 27% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Michigan (23%) and Texas (19%).
Does Good News Foundation give general operating support?
Yes: 100% of Good News Foundation's 2024 grants with a stated purpose (14 of 14) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Good News Foundation's largest grantees?
Good News Foundation's largest 2024 grantees include Samaritans Purse ($1,500), Elevation Church ($500) and Hillsdale College ($500), according to its 2024 IRS Form 990-PF. Together they received 34% of its itemized 2024 grant dollars.
How large is Good News Foundation?
Good News Foundation reported $200K in total assets on its 2024 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $13K (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.
What does Good News Foundation fund?
No mission statement for the foundation is provided. See mission & focus areas ↑
How do I apply for a grant from Good News Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Good News Foundation's EIN?
Good News Foundation's EIN (Employer Identification Number) is 83-0409795. IRS Form 990 filing data is available on this page for 2020–2024.
Does Good News Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Figures come from Good News Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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