Richard C and Britt L Gage Family Foundation
Richard C and Britt L Gage Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNETONKA, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $324K in total assets. In 2024, it awarded 2 grants totaling $12K. Net investment income was $7K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$324K
+9.3% YoY
Annual Giving
$12K
-17.3% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$6K
+24.1% YoY
Under IRS private-foundation payout rules, Richard C and Britt L Gage Family Foundation reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.
About Richard C and Britt L Gage Family Foundation
Based on IRS filings
Richard C and Britt L Gage Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNETONKA, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $324K in total assets. In 2024, it awarded 2 grants totaling $12K. 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 | $324,092 | $296,633 | $262,709 |
| Revenue | $7,117 | $30,131 | $6,393 |
| Expenses | $14,302 | $14,976 | $16,859 |
| Qualifying Distributions | $13,366 | $14,530 | $16,107 |
| Net Investment Income | $6,692 | $29,766 | $5,858 |
| Distributable Amount | $15,381 | $13,656 | $13,840 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
23 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Minneapolis Mounted Patrol Foundation ($10,000), Childhood USA ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Childhood USA New York, NY | GENERAL OPERATING SUPPORT | $2,000 |
| Minneapolis Mounted Patrol Foundation Minneapolis, MN | General Operating Support | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRITT L GAGE | TRUSTEE, TREASURER | 1 | — |
| RICHARD C GAGE | TRUSTEE, PRESIDENT | 1 | — |
| C DAVID NELSON | TRUSTEE, SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Richard C and Britt L Gage Family Foundation?
Richard C and Britt L Gage Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNETONKA, MN. It holds $324K in total assets as of 2024.
How large is Richard C and Britt L Gage Family Foundation?
As of 2024, Richard C and Britt L Gage Family Foundation holds $324K in total assets with $7K in annual revenue. It awarded 2 grants totaling $12K in 2024.
Where does Richard C and Britt L Gage Family Foundation operate?
Richard C and Britt L Gage Family Foundation has awarded grants in California, Florida, Georgia, Minnesota, New York, Oklahoma.
What size grants does Richard C and Britt L Gage Family Foundation award?
In 2024, Richard C and Britt L Gage Family Foundation awarded 2 grants totaling $12K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Richard C and Britt L Gage Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard C and Britt L Gage Family Foundation reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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