Michael P Gaunce Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENWOOD, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $343K in total assets. In 2024, it awarded 4 grants totaling $47K. Net investment income was $7K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$343K
+64.6% YoY
Annual Giving
$47K
+10.3% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$12K
+10.3% YoY
Under IRS private-foundation payout rules, Michael P Gaunce Foundation reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About Michael P Gaunce Foundation
Based on IRS filings
Michael P Gaunce Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENWOOD, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $343K in total assets. In 2024, it awarded 4 grants totaling $47K. Net investment income was $7K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $343,279 | $208,608 | $255,167 |
| Revenue | $50,000 | $40,000 | $43,555 |
| Expenses | $49,215 | $44,309 | $23,680 |
| Qualifying Distributions | $46,600 | $42,250 | $23,000 |
| Net Investment Income | $6,544 | $6,362 | $3,555 |
| Distributable Amount | $8,080 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Haven minsitry ($25,000), Hope intl minitries ($11,060), indpls weslyn chruch ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| evengelical faith mission Bedford, IN | charity | $540 |
| Hope intl minitries south bend, IN | charity | $11,060 |
| indpls weslyn chruch fishers, IN | charity | $10,000 |
| Haven minsitry Aurora, CO | charity | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael Gaunce | Founder.administator | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Michael P Gaunce Foundation?
Michael P Gaunce Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENWOOD, IN. It holds $343K in total assets as of 2024.
How large is Michael P Gaunce Foundation?
As of 2024, Michael P Gaunce Foundation holds $343K in total assets with $50K in annual revenue. It awarded 4 grants totaling $47K in 2024.
Where does Michael P Gaunce Foundation operate?
Michael P Gaunce Foundation has awarded grants in Arizona, Colorado, Indiana, Kentucky.
What size grants does Michael P Gaunce Foundation award?
In 2024, Michael P Gaunce Foundation awarded 4 grants totaling $47K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Michael P Gaunce Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael P Gaunce Foundation reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michael P Gaunce Foundation's EIN?
Michael P Gaunce Foundation's EIN (Employer Identification Number) is 47-6644307. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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