Herbert and Roseline Gussman Foundation

TULSA, OK EIN: 73-6090063

Herbert and Roseline Gussman Foundation is a private foundation, based in TULSA, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 1 grants totaling $383K. Net investment income was $218K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.1M

-4.2% YoY

Annual Giving

$383K

+1.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$383K

+1.1% YoY

Under IRS private-foundation payout rules, Herbert and Roseline Gussman Foundation reported a distributable amount of $238K for 2024 — the minimum it must pay out in qualifying distributions.

About Herbert and Roseline Gussman Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Oklahoma $1.9M (100%)

States

Oklahoma

Cities

Tulsa

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,059,426	$4,236,085	$4,412,132
Revenue	$224,559	$217,698	$84,366
Expenses	$401,218	$393,745	$455,326
Qualifying Distributions	$388,650	$385,679	$439,094
Net Investment Income	$217,991	$210,132	$68,134
Distributable Amount	$238,134	$235,175	$250,479

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include ALL RECIPIENTS ARE 501(c)(3) ORGS SEE ATTACHED ($382,500).

Recipient	Purpose	Amount
ALL RECIPIENTS ARE 501(c)(3) ORGS SEE ATTACHED TULSA, OK	SEE ATTACHMENT	$382,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ELLEN G ADELSON	TRUSTEE	—	—
BARBARA G HEYMAN	TRUSTEE	—	—

Frequently Asked Questions

How large is Herbert and Roseline Gussman Foundation?

As of 2024, Herbert and Roseline Gussman Foundation holds $4.1M in total assets with $225K in annual revenue. It awarded 1 grants totaling $383K in 2024.

Where does Herbert and Roseline Gussman Foundation operate?

Herbert and Roseline Gussman Foundation has awarded grants in Oklahoma.

What size grants does Herbert and Roseline Gussman Foundation award?

In 2024, Herbert and Roseline Gussman Foundation awarded 1 grants totaling $383K — an average of about $383K per grant, based on its IRS Form 990 filings.

How much is Herbert and Roseline Gussman Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Herbert and Roseline Gussman Foundation reported a distributable amount of $238K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Herbert and Roseline Gussman Foundation's EIN?

Herbert and Roseline Gussman Foundation's EIN (Employer Identification Number) is 73-6090063. IRS Form 990 filing data is available on this page for 2020–2024.