Rosemary and David Good Family
The Rosemary and David Good Family Foundation is a private, independent foundation based in Minneapolis, Minnesota. Established in 2008, it operates as a 501(c)(3) philanthropic organization dedicated to supporting dynamic and creative initiatives across the arts, culture, and education sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
-8.7% YoY
Annual Giving
$445K
+6.9% YoY
Grant Count
18
+0.0% YoY
Avg Grant Size
$25K
+6.9% YoY
Mission & Focus Areas
The foundation's mission is to fund dynamic and creative organizations that inspire people to realize their full potential within socially just, vibrant, and sustainable communities. The foundation believes in the power of the arts, culture, and education to transform lives.
Primary funding focus areas include:
- Arts and culture
- Education
- Arts access and participation
- Creative initiatives
Grantmaking
The foundation made 18 grants totaling approximately $445,000 in distributions. Recent grantees include:
Grant Range
approximately $25,000
Average Grant
approximately $25,000
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in:
- Minnesota (including Minneapolis, St. Paul, and Silver Lake)
- Michigan (including Grand Rapids and West Michigan)
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $2,333,288 to $2,556,592
- Total Revenue: $575,099
- Total Expenses: $562,869
- Total Giving: $445,000
- Total Liabilities: $0
The foundation has been tax-exempt since September 2008.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,333,288 | $2,556,592 | $3,000,854 |
| Revenue | $575,099 | $102,782 | $-10,369 |
| Expenses | $562,869 | $547,038 | $643,681 |
| Qualifying Distributions | $526,731 | $518,870 | $574,216 |
| Net Investment Income | $306,034 | $78,530 | $48,524 |
| Distributable Amount | $124,633 | $140,748 | $172,902 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
99 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by:
- Rosemary H. Good – President (0.5 hours/week, no compensation)
- David F. Good – Vice President (0.5 hours/week, no compensation)
- Teresa Bonner – Executive Director (5 hours/week, no compensation)
- Ellen George – Chief Operating Officer (5 hours/week, no compensation)
- Allison G. Barosko – Director (0.5 hours/week, $300 compensation)
- Adam P. Good – Director (0.5 hours/week, $300 compensation)
- James Barosko – Director (0.5 hours/week, $300 compensation)
The foundation is managed by Teresa Bonner and Ellen George, who are owners of Family Philanthropy Advisors, a firm providing foundation management, staffing, and consulting services.
Contact Information:
- Address: 1818 Oliver Avenue South, Minneapolis, MN 55405
- Phone: 612.377.8400
- Website: goodfamilyfoundation.org
- Email: teresa@fpadvisors.com, ellen@fpadvisors.com
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROSEMARY H GOOD | PRESIDENT | 0.5 | — |
| DAVID F GOOD | VICE PRESIDENT | 0.5 | — |
| ALLISON G BAROSKO | DIRECTOR | 0.5 | $300 |
| ADAM P GOOD | DIRECTOR | 0.5 | $300 |
| JAMES BAROSKO | DIRECTOR | 0.5 | $300 |
| TERESA BONNER | EXECUTIVE DIRECTOR | 5 | — |
| ELLEN GEORGE | CHIEF OPERATING OFFICER | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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