M M Gage Tr for a Better Chance

NEW YORK, NY EIN: 13-6041815

M M Gage Tr for a Better Chance is a private foundation, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $855K in total assets. In 2024, it awarded 1 grants totaling $54K. Net investment income was $71K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$855K

+1.4% YoY

Annual Giving

$54K

-2.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$54K

-2.8% YoY

Under IRS private-foundation payout rules, M M Gage Tr for a Better Chance reported a distributable amount of $53K for 2024 — the minimum it must pay out in qualifying distributions.

About M M Gage Tr for a Better Chance

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $277K (100%)

States

New York

Cities

New York

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$854,686	$842,623	$853,476
Revenue	$82,065	$57,442	$28,976
Expenses	$72,273	$72,116	$75,001
Qualifying Distributions	$60,889	$61,560	$63,937
Net Investment Income	$70,645	$46,866	$18,583
Distributable Amount	$53,436	$49,051	$51,469

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 A Better Chance Inc ($53,636).

Recipient	Purpose	Amount
A BETTER CHANCE INC NEW YORK, NY	GENERAL CHARITABLE PURPOSES	$53,636

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DEUTSCHE TRUST COMPANY NA	TRUSTEE	3	$17,082

Frequently Asked Questions

How large is M M Gage Tr for a Better Chance?

As of 2024, M M Gage Tr for a Better Chance holds $855K in total assets with $82K in annual revenue. It awarded 1 grants totaling $54K in 2024.

Where does M M Gage Tr for a Better Chance operate?

M M Gage Tr for a Better Chance has awarded grants in New York.

What size grants does M M Gage Tr for a Better Chance award?

In 2024, M M Gage Tr for a Better Chance awarded 1 grants totaling $54K — an average of about $54K per grant, based on its IRS Form 990 filings.

How much is M M Gage Tr for a Better Chance required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, M M Gage Tr for a Better Chance reported a distributable amount of $53K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is M M Gage Tr for a Better Chance's EIN?

M M Gage Tr for a Better Chance's EIN (Employer Identification Number) is 13-6041815. IRS Form 990 filing data is available on this page for 2020–2024.