Heart of Gold Charity Inc

Private foundation · Grantmaker Twin Lakes, WI EIN: 20-5680190

Heart of Gold Charity Inc is a private foundation focused on Education, based in Twin Lakes, WI. IRS filing data is available from 2021 through 2024. In 2024, it awarded 4 grants totaling $4K. Net investment income was $44.

Heart of Gold Charity Inc at a glance

In short: Heart of Gold Charity Inc gave $4K across 4 grants in 2024 (avg $1K), mostly in Illinois. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$4,000
+0.0% vs 2023
Grants made (2024)
4
+0.0% vs 2023
Average grant
$1,000
+0.0% vs 2023
Median grant
$1,000
Primary geography
Illinois (50% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Heart of Gold Charity Inc funds

How this funder distributes its grants

Top Recipients

Top recipient in 2024

Grace Camp: $1KGrace Camp$1K

The largest 2024 recipient was Grace Camp ($1K).

Organizations only. It also paid 3 individual scholarships ($3,000), which are not listed by name.

Grant Size Distribution

17 grants across all recorded years

17<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 17 grants of 17 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2024 grant dollars across all 4 itemized grants.

Cities

RichmondGenoa CityHarvardJohnsburgMunisingSpring GroveTrevorTwin Lakes

How Heart of Gold Charity Inc gives

  • Giving fell 20% from 2021 to 2024. Method
  • In 2024 it paid out 274% 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

$0$2K$4K$6K5 grants2021 4 grants2022 4 grants2023 4 grants2024

From 2021 to 2024, annual grant giving ranged from $4K (2022) to $5K (2021). In 2024 it made 4 grants totaling $4K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
3 individual scholarships Recipients not named —$3,000
Grace Camp Richmond, ILScholarship Recipien$1,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024—$1,044$5,190$4,0004$5,100$44$1,863
2023$39,914$830$4,484$4,0004$4,000$80$3,992
2022$43,568$3,119$8,082$4,0004$4,000$21$4,145
2021$48,531$2,655$6,392$5,0005$5,000$5$4,638

Under IRS private-foundation payout rules, Heart of Gold Charity Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Heart of Gold Charity Inc's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Richard Petska

    Co Director

    Co-Director → Co Director, 2023

    On filings since 2021

    1 hr/week

    No compensation reported

  • Stephanie Petska

    Co Director

    Co-Director → Co Director, 2023

    On filings since 2021

    1 hr/week

    No compensation reported

Former officers (6)
  • Former: Andy Youra (2021–2022) — Member
  • Former: Jeff Roach (2021–2022) — Member
  • Former: Lisa Eisele (2021–2022) — Member
  • Former: Lois Petska (2021–2022) — Secretary
  • Former: Mariene Stevens (2021–2022) — Member
  • Former: Tim Hiller (2021–2022) — Member

Data from IRS Form 990 filings, 2021–2024. "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 Heart of Gold Charity Inc

How much does Heart of Gold Charity Inc give each year?

Heart of Gold Charity Inc gave $4K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4K across 4 grants.

What is Heart of Gold Charity Inc's typical grant size?

Heart of Gold Charity Inc's median grant in 2024 was $1,000, and its average grant was $1,000, across 4 grants on its 2024 IRS Form 990-PF.

Where does Heart of Gold Charity Inc give grants?

Heart of Gold Charity Inc gives mostly in Illinois: 50% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Michigan (25%) and Wisconsin (25%).

Does Heart of Gold Charity Inc give general operating support?

Not in 2024: none of the 4 grants with a stated purpose on Heart of Gold Charity Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship Recipien" (4 grants).

What is Heart of Gold Charity Inc?

Heart of Gold Charity Inc is a private foundation focused on Education, based in Twin Lakes, WI.

How much is Heart of Gold Charity Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Heart of Gold Charity Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Heart of Gold Charity Inc's EIN?

Heart of Gold Charity Inc's EIN (Employer Identification Number) is 20-5680190. IRS Form 990 filing data is available on this page for 2021–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Heart of Gold Charity Inc'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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