Good News Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KERRVILLE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $200K in total assets. In 2024, it awarded 14 grants totaling $7K. Net investment income was $6K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$200K
-1.8% YoY
Annual Giving
$7K
-41.3% YoY
Grant Count
14
-22.2% YoY
Avg Grant Size
$528.571
-24.5% YoY
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.
About Good News Foundation
Based on IRS filings
Good News Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KERRVILLE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $200K in total assets. In 2024, it awarded 14 grants totaling $7K. Net investment income was $6K.
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 | $200,042 | $203,712 | $157,446 |
| Revenue | $11,186 | $29,431 | $12,248 |
| Expenses | $9,453 | $14,688 | $15,991 |
| Qualifying Distributions | $7,400 | $12,600 | $12,860 |
| Net Investment Income | $5,666 | $10,293 | $6,598 |
| Distributable Amount | $13,100 | $11,152 | $11,088 |
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
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Samaritans Purse ($1,500), Elevation Church ($500), Hillsdale College ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| ELEVATION CHURCH MATTHEWS, NC | GENERAL PURPOSES | $500 |
| HILLSDALE COLLEGE HILLSDALE, MI | GENERAL PURPOSES | $500 |
| IN TOUCH MINISTRIES ATLANTA, GA | GENERAL PURPOSES | $500 |
| LOVE ISREALORG MERRITT ISLAND, FL | GENERAL PURPOSES | $400 |
| MISSIONARY AVIATION FELLOWSHIP NAMPA, ID | GENERAL PURPOSES | $400 |
| NEW LIFE CHURCH ANN ARBOR, MI | GENERAL PURPOSES | $400 |
| 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 |
| PILGRIM UNITED METHODIST CHURCH ST JOHNS, MI | GENERAL PURPOSES | $400 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JACK R LOUSMA | PRESIDENT | 4 | — |
| GRALIA K LOUSMA | VICE PRESIDENT/SECRETARY | 2 | — |
| JOSEPH L LOUSMA | VICE PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Good News Foundation?
Good News Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KERRVILLE, TX. It holds $200K in total assets as of 2024.
How large is Good News Foundation?
As of 2024, Good News Foundation holds $200K in total assets with $11K in annual revenue. It awarded 14 grants totaling $7K in 2024.
Where does Good News Foundation operate?
Good News Foundation has awarded grants in California, Colorado, District of Columbia, Florida, Georgia, Idaho, Michigan, Minnesota, North Carolina, Oklahoma, Texas.
What size grants does Good News Foundation award?
In 2024, Good News Foundation awarded 14 grants totaling $7K — an average of about $528.571 per grant, based on its IRS Form 990 filings.
How much is Good News Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Good News Foundation reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Good News Foundation'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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