The Dorothy Gaines Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HILLSBORO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 13 grants totaling $74K. Net investment income was $183K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
+7.3% YoY
Annual Giving
$74K
-3.0% YoY
Grant Count
13
+8.3% YoY
Avg Grant Size
$6K
-10.4% YoY
Under IRS private-foundation payout rules, The Dorothy Gaines Foundation reported a distributable amount of $77K for 2024 — the minimum it must pay out in qualifying distributions.
About The Dorothy Gaines Foundation
Based on IRS filings
The Dorothy Gaines Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HILLSBORO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 13 grants totaling $74K. Net investment income was $183K.
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 | $1,526,988 | $1,422,575 | $1,464,313 |
| Revenue | $200,300 | $60,484 | $66,282 |
| Expenses | $95,887 | $102,222 | $104,376 |
| Qualifying Distributions | $78,269 | $83,327 | $84,251 |
| Net Investment Income | $182,988 | $41,589 | $46,081 |
| Distributable Amount | $76,737 | $71,534 | $77,537 |
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
59 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hill County Cps Board ($10,000), Friends of Hillsboro City Library ($10,000), Hill County Kids ($7,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COMMUNITY PARTNERS OF TARRANT COUNT FORT WORTH, TX | CLOTHING FOR TARRANT COUNTY CHILDREN IN CPS SYSTEM | $5,000 |
| HILL COUNTY CPS BOARD HILLSBORO, TX | SUPPLEMENT HILL COUNTY CHILDREN CLOTHING AND OTHER NEEDS | $10,000 |
| Hill County Paw Pals HILLSBORO, TX | REPLACE AGING COMMERCIAL WASHER | $6,000 |
| HILL COUNTY KIDS HILLSBORO, TX | SUPPLEMENT FOOD COSTS FOR CHILDREN'S BACKPACK PROGRAM | $7,000 |
| CUB SCOUTS OF AMERICA HILLSBORO HILLSBORO, TX | UPGRADE ELECTRIC AT SCOUT HUT | $1,000 |
| AQUILLA ISD AQUILLA, TX | TOOLS OF THE TRADE | $6,000 |
| FRIENDS OF HILLSBORO CITY LIBRARY HILLSBORO, TX | Support Library Expansion Campaign | $10,000 |
| HILLSBORO ARTS LEAGUE HILLSBORO, TX | CONTRIBUTE TO COST OF DOWNTOWN MURALS-PROMOTING ARTS | $5,000 |
| COVINGTON VOLUNTEER FIRE DEPARTMENT COVINGTON, TX | PURCHASE USED LUCAS 2 DEVICE | $6,000 |
| HUBBARD ISD EDUCATION FOUNDATION HUBBARD, TX | SUPPLEMENT TEACHER AIDS TO HELP PROMOTE INNOVATION IN THE CLASSROOM | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Marcia Curtis-Hornsby | Director | 1 | $1,400 |
| Michelle Curtis Wade | Treasurer | 1 | $1,400 |
| Ronell Wade | Director | 1 | $1,400 |
| Stephen N Smith | Secretary | 1 | $1,400 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Dorothy Gaines Foundation?
The Dorothy Gaines Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HILLSBORO, TX. It holds $1.5M in total assets as of 2024.
How large is The Dorothy Gaines Foundation?
As of 2024, The Dorothy Gaines Foundation holds $1.5M in total assets with $200K in annual revenue. It awarded 13 grants totaling $74K in 2024.
Where does The Dorothy Gaines Foundation operate?
The Dorothy Gaines Foundation has awarded grants in Idaho, Texas.
What size grants does The Dorothy Gaines Foundation award?
In 2024, The Dorothy Gaines Foundation awarded 13 grants totaling $74K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Dorothy Gaines Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Dorothy Gaines Foundation reported a distributable amount of $77K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Dorothy Gaines Foundation's EIN?
The Dorothy Gaines Foundation's EIN (Employer Identification Number) is 20-1858697. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Dorothy Gaines Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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