Richard C and Britt L Gage Family Foundation

Private foundation · Grantmaker Minnetonka, MN EIN: 20-5916904

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.

Key facts about Richard C and Britt L Gage Family Foundation

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.

EIN
20-5916904
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$19,500
Grants made (2025)
3
Average grant
$6,500
Median grant
$5,000
Total assets
$362,719
Primary geography
Minnesota (64% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$363K

+11.9% YoY

Annual Giving

$20K

+62.5% YoY

Grant Count

3

+50.0% YoY

Avg Grant Size

$7K

+8.3% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

7states

Share of 2025 grant dollars across all 3 itemized grants.

Cities

MinneapolisNew YorkIndependenceMalibuAtlantaBradentonFort SnellingLong LakeMcLoudMilacaSadlerTempleton

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K7 grants2020 6 grants2021 5 grants2022 3 grants2023 2 grants2024 3 grants2025

From 2020 to 2025, annual grant giving ranged from $12K (2024) to $45K (2020). In 2025 it made 3 grants totaling $20K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

Innercity Tennis Foundation: $13KInnercity Tennis Foundation$13KSave Texas K9s: $5KSave Texas K9s$5KChildhood USA: $2KChildhood USA$2K

The largest 2025 recipient was Innercity Tennis Foundation ($13K). Together the top 3 received $20K.

Grant Size Distribution

19 grants across all recorded years

19<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 19 grants of 19 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Innercity Tennis Foundation Minneapolis, MNGeneral Operating Support$12,500
Save Texas K9s Sadler, TXGeneral Operating Support$5,000
Childhood USA New York, NYGeneral Operating Support$2,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$362,719$324,092$296,633
Revenue$8,800$7,117$30,131
Expenses$20,246$14,302$14,976
Qualifying Distributions$19,525$13,366$14,530
Net Investment Income$8,172$6,692$29,766
Distributable Amount$17,011$15,381$13,656

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
  2. IRS filings on file for fiscal years 2020–2024

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.

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