The Creative Gift Foundation Inc

ORLANDO, FL EIN: 59-2344000

The Creative Gift Foundation Inc is a private foundation, based in ORLANDO, FL. IRS filing data is available from 2020 through 2022. As of 2022, the organization holds $405K in total assets. In 2022, it awarded 4 grants totaling $22K. Net investment income was $13K.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

$405K

-2.2% YoY

Annual Giving

$22K

+82.5% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$5K

-8.8% YoY

Under IRS private-foundation payout rules, The Creative Gift Foundation Inc reported a distributable amount of $20K for 2022 — the minimum it must pay out in qualifying distributions.

About The Creative Gift Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $33K (43%)

Florida $17K (22%)

New York $14K (18%)

Washington $10K (13%)

South Carolina $2K (2%)

States

California Florida New York South Carolina Washington

Cities

CoronadoGlendaleGreenvilleNew YorkOrlandoSeattle

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021	2020
Total Assets	$405,346	$414,254	$397,471
Revenue	$18,616	$30,106	$23,203
Expenses	$27,524	$13,555	$42,582
Qualifying Distributions	$21,895	$12,000	—
Net Investment Income	$12,987	$28,551	$22,621
Distributable Amount	$19,977	$21,799	$19,539

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2022

Grant Size Distribution

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include Lambs Players Theatre ($10,000), FusionFest INC ($5,000), Taproot Theatre ($5,000).

Recipient	Purpose	Amount
FusionFest INC Orlando, FL	Beneficiary Distribution	$5,000
Lambs Players Theatre Coronado, CA	Beneficiary Distribution	$10,000
Taproot Theatre Seattle, WA	Beneficiary	$5,000
Applied theatre center Greenville, SC	Beneficiary	$1,895

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

Name	Title	Hours	Compensation
Herbert Hansen	Pres/Treasurer	1	—
Terry Olson	VP/Secretary	1	—
Dr Dale Savidge	Director	1	—

Frequently Asked Questions

How large is The Creative Gift Foundation Inc?

As of 2022, The Creative Gift Foundation Inc holds $405K in total assets with $19K in annual revenue. It awarded 4 grants totaling $22K in 2022.

Where does The Creative Gift Foundation Inc operate?

The Creative Gift Foundation Inc has awarded grants in California, Florida, New York, South Carolina, Washington.

What size grants does The Creative Gift Foundation Inc award?

In 2022, The Creative Gift Foundation Inc awarded 4 grants totaling $22K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is The Creative Gift Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, The Creative Gift Foundation Inc reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Creative Gift Foundation Inc's EIN?

The Creative Gift Foundation Inc's EIN (Employer Identification Number) is 59-2344000. IRS Form 990 filing data is available on this page for 2020–2022.