Richard C and Britt L Gage Family Foundation
Richard C and Britt L Gage Family Foundation is a private foundation, based in Minnetonka, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $363K in total assets. In 2025, it awarded 3 grants totaling $20K. Net investment income was $8K.
Richard C and Britt L Gage Family Foundation at a glance
In short: Richard C and Britt L Gage Family Foundation gave $20K across 3 grants in 2025 (avg $7K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $19,500
- +62.5% vs 2024
- Grants made (2025)
- 3
- +50.0% vs 2024
- Average grant
- $6,500
- +8.3% vs 2024
- Median grant
- $5,000
- Total assets
- $362,719
- +11.9% vs 2024
- Primary geography
- Minnesota (64% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Richard C and Britt L Gage Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Innercity Tennis Foundation ($13K). Together the top 3 received $20K.
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 19 grants of 19 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Richard C and Britt L Gage Family Foundation gives
- Giving grew 50% from 2022 to 2025. Method
- In 2025 it paid out 115% 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
From 2020 to 2025, annual grant giving ranged from $12K (2024) to $45K (2020). In 2025 it made 3 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Innercity Tennis Foundation Minneapolis, MN | General Operating Support | $12,500 |
| Save Texas K9s Sadler, TX | General Operating Support | $5,000 |
| Childhood USA New York, NY | General Operating Support | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $362,719 | $8,800 | $20,246 | $19,500 | 3 | $19,525 | $8,172 | $17,011 |
| 2024 | $324,092 | $7,117 | $14,302 | $12,000 | 2 | $13,366 | $6,692 | $15,381 |
| 2023 | $296,633 | $30,131 | $14,976 | $14,505 | 3 | $14,530 | $29,766 | $13,656 |
| 2022 | $262,709 | $6,393 | $16,859 | $13,000 | 5 | $16,107 | $5,858 | $13,840 |
| 2021 | $332,194 | $16,215 | $21,765 | $18,260 | 6 | $21,086 | $15,600 | $16,066 |
| 2020 | $302,890 | $5,035 | $52,055 | $44,652 | 7 | — | $4,576 | $14,044 |
Under IRS private-foundation payout rules, Richard C and Britt L Gage Family Foundation reported a distributable amount of $17K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard C and Britt L Gage Family Foundation is led by Richard C. Gage, Trustee & President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richard C. Gage
Trustee & President
On filings since 2020
1 hr/week
No compensation reported
Britt L. Gage
Trustee & Treasurer
On filings since 2020
1 hr/week
No compensation reported
C. David Nelson
Trustee & Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Richard C and Britt L Gage Family Foundation
How much does Richard C and Britt L Gage Family Foundation give each year?
Richard C and Britt L Gage Family Foundation gave $20K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $12K across 2 grants.
What is Richard C and Britt L Gage Family Foundation's typical grant size?
Richard C and Britt L Gage Family Foundation's median grant in 2025 was $5,000, and its average grant was $6,500, across 3 grants on its 2025 IRS Form 990-PF.
Where does Richard C and Britt L Gage Family Foundation give grants?
Richard C and Britt L Gage Family Foundation gives mostly in Minnesota: 64% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Texas (26%) and New York (10%).
Does Richard C and Britt L Gage Family Foundation give general operating support?
Yes: 100% of Richard C and Britt L Gage Family Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Richard C and Britt L Gage Family Foundation?
Richard C and Britt L Gage Family Foundation reported $363K in total assets on its 2025 IRS Form 990-PF. It paid out $20K in qualifying distributions that year, against a required minimum of $17K (roughly 5% of its investment assets).
What is Richard C and Britt L Gage Family Foundation's EIN?
Richard C and Britt L Gage Family Foundation's EIN (Employer Identification Number) is 20-5916904. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Richard C and Britt L Gage Family Foundation funds
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