Gulack Foundation
Gulack Foundation is a private foundation, based in POTTSTOWN, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $593K in total assets. In 2024, it awarded 16 grants totaling $82K. Net investment income was $48K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$593K
+25.4% YoY
Annual Giving
$82K
-3.5% YoY
Grant Count
16
+0.0% YoY
Avg Grant Size
$5K
-3.5% YoY
Under IRS private-foundation payout rules, Gulack Foundation reported a distributable amount of $76K for 2024 — the minimum it must pay out in qualifying distributions.
About Gulack Foundation
Based on IRS filings
Gulack Foundation is a private foundation, based in POTTSTOWN, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $593K in total assets. In 2024, it awarded 16 grants totaling $82K. Net investment income was $48K.
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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 | $593,140 | $473,052 | $474,945 |
| Revenue | $191,548 | $93,691 | $79,110 |
| Expenses | $94,608 | $95,584 | $84,421 |
| Qualifying Distributions | $88,829 | $87,157 | $78,959 |
| Net Investment Income | $47,834 | $34,596 | $29,948 |
| Distributable Amount | $75,681 | $81,610 | $80,435 |
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
75 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boyertown Area High School ($9,000), Upper Perkiomen High School ($9,000), Red Hill Fire Company ($7,900).
| Recipient | Purpose | Amount |
|---|---|---|
| BALLY AMBULANCE BALLY, PA | GENERAL USE | $5,900 |
| BALLY COMMUNITY CENTER BALLY, PA | GENERAL USE | $2,300 |
| BALLY LIONS CLUB BARTO, PA | GENERAL USE | $5,000 |
| BALLY SENIOR CENTER BALLY, PA | GENERAL USE | $2,500 |
| BOYERTOWN AREA HIGH SCHOOL BOYERTOWN, PA | SCHOLARSHIP FOR STUDENTS | $9,000 |
| UPPER PERKIOMEN HIGH SCHOOL PENNSBURG, PA | SCHOLARSHIP | $9,000 |
| UPPER PERKIOMEN AMBULANCE PENNSBURG, PA | GENERAL USE | $5,900 |
| RED HILL FIRE COMPANY RED HILL, PA | GENERAL USE | $7,900 |
| EASTERN BERKS FIRE COMPANY BARTO, PA | GENERAL USE | $7,900 |
| UNITED WAY OF BOYERTOWN BOYERTOWN, PA | GENERAL USE | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PETER REIGNER | PRESIDENT | — | — |
| CATHY ELDRIDGE | VICE PRESIDE | — | — |
| SCOTT RAKOWSKI | TREASURER | — | — |
| MICHELLE FORSELL | SECRETARY | — | — |
| THOMAS EDDINGER | DIRECTOR | — | — |
| MATHEW BAKES | DIRECTOR | — | — |
Frequently Asked Questions
How large is Gulack Foundation?
As of 2024, Gulack Foundation holds $593K in total assets with $192K in annual revenue. It awarded 16 grants totaling $82K in 2024.
Where does Gulack Foundation operate?
Gulack Foundation has awarded grants in Pennsylvania.
What size grants does Gulack Foundation award?
In 2024, Gulack Foundation awarded 16 grants totaling $82K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Gulack Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gulack Foundation reported a distributable amount of $76K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gulack Foundation's EIN?
Gulack Foundation's EIN (Employer Identification Number) is 23-6432037. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gulack 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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