Scott C and Gina M Gage Family Foundation
Scott C and Gina M 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 $516K in total assets. In 2024, it awarded 5 grants totaling $21K. Net investment income was $12K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$516K
+9.4% YoY
Annual Giving
$21K
+0.0% YoY
Grant Count
5
+66.7% YoY
Avg Grant Size
$4K
-40.0% YoY
Under IRS private-foundation payout rules, Scott C and Gina M Gage Family Foundation reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.
About Scott C and Gina M Gage Family Foundation
Based on IRS filings
Scott C and Gina M 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 $516K in total assets. In 2024, it awarded 5 grants totaling $21K. Net investment income was $12K.
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 | $516,132 | $471,648 | $410,634 |
| Revenue | $12,724 | $56,737 | $7,025 |
| Expenses | $25,209 | $21,065 | $24,198 |
| Qualifying Distributions | $23,896 | $20,525 | $23,535 |
| Net Investment Income | $12,200 | $56,306 | $7,853 |
| Distributable Amount | $24,656 | $21,196 | $21,912 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Augsburg University ($15,945), Hockey Limited ($2,500), Griswold Home Care Foundation ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Augsburg University minneapolis, MN | StepUp Program | $15,945 |
| Augsburg University Minneapolis, MN | StepUp Program | $55 |
| Hockey Limited Saint Paul, MN | General Operations | $2,500 |
| Griswold Home Care Foundation Blue Bell, PA | General Operations | $1,000 |
| Minnesota Good Works Anoka, MN | General Operating Support | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GINA M GAGE | TRUSTEE, TREASURER | 1 | — |
| SCOTT C GAGE | TRUSTEE, PRESIDENT | 1 | — |
| C DAVID NELSON | TRUSTEE, SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Scott C and Gina M Gage Family Foundation?
Scott C and Gina M Gage Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNETONKA, MN. It holds $516K in total assets as of 2024.
How large is Scott C and Gina M Gage Family Foundation?
As of 2024, Scott C and Gina M Gage Family Foundation holds $516K in total assets with $13K in annual revenue. It awarded 5 grants totaling $21K in 2024.
Where does Scott C and Gina M Gage Family Foundation operate?
Scott C and Gina M Gage Family Foundation has awarded grants in Colorado, Massachusetts, Minnesota, Pennsylvania.
What size grants does Scott C and Gina M Gage Family Foundation award?
In 2024, Scott C and Gina M Gage Family Foundation awarded 5 grants totaling $21K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Scott C and Gina M Gage Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Scott C and Gina M Gage Family Foundation reported a distributable amount of $25K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Scott C and Gina M Gage Family Foundation's EIN?
Scott C and Gina M Gage Family Foundation's EIN (Employer Identification Number) is 20-4900242. 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.