The Gagnon Family Foundation Inc (fka
The Gagnon Family Foundation Inc. (also known as the Lois E and Neil J Gagnon Foundation) is a private, non-operating foundation based in Bernardsville, New Jersey. Established in 1994, the foundation operates as a 501(c)(3) charitable organization with tax-exempt status. The foundation makes grants to nonprofit organizations across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$58.7M
+14.5% YoY
Annual Giving
$2.6M
-3.6% YoY
Grant Count
18
+5.9% YoY
Avg Grant Size
$142K
-8.9% YoY
Under IRS private-foundation payout rules, The Gagnon Family Foundation Inc (fka reported a distributable amount of $2.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not maintain a publicly stated mission statement. However, its grantmaking priorities focus on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Science and STEM Education
Grantmaking
The foundation made 26 grants in 2023, including:
Grant Range
s & Patterns:**
Average Grant
amount: Not specified in available data
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- New Jersey
- New York
- Maryland
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- As of November 2023: $51,279,891
Annual Activity:
- Total revenues (FYE 11/2023): $2,838,279
- Total expenses (FYE 11/2023): $2,808,168
- Total grants, contributions, etc. (FYE 11/2023): $2,003,764
- Investment income and dividends (FYE 11/2023): $79,934
Financial Trends:
- Grants and contributions decreased 32.9% from FYE 11/2022 ($2,985,758) to FYE 11/2023 ($2,003,764)
- Investment income and dividends decreased 57.7% from FYE 11/2022 ($189,150) to FYE 11/2023 ($79,934)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $58,707,973 | $51,279,891 | $55,413,727 |
| Revenue | $2,320,794 | $2,838,279 | $13,700,249 |
| Expenses | $2,817,982 | $2,808,168 | $2,565,165 |
| Qualifying Distributions | $2,713,463 | $2,669,338 | $2,388,750 |
| Net Investment Income | $54,357 | $522,355 | $10,897,293 |
| Distributable Amount | $2,082,283 | $1,656,911 | $1,922,157 |
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
107 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Foundation for Morristown Medical Center ($2,100,000), Community in Crisis ($100,000), Lafayette College ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACHILLES INTERNATIONAL NEW YORK, NY | GENERAL SUPPORT | $50,000 |
| AMERICAN FEDERATION FOR CHILDREN GROWTH FUND WASHINGTON, DC | GENERAL SUPPORT | $25,000 |
| BERNARDSVILLE FIRE COMPANY BERNARDSVILLE, NJ | GENERAL SUPPORT | $5,000 |
| BOYS & GIRLS CLUB OF NEWARK NEWARK, NJ | GENERAL SUPPORT | $25,000 |
| BOYS AND GIRLS CLUB OF COLLIER COUNTY NAPLES, FL | GENERAL SUPPORT | $10,000 |
| BRIGHT MINDS FOUNDATION OF HOWARD ELLICOTT CITY, MD | GENERAL SUPPORT | $10,000 |
| CHILDREN & COMPANY COLUMBIA, MD | GENERAL SUPPORT | $10,000 |
| COMMUNITY IN CRISIS BERNARDSVILLE, NJ | GENERAL SUPPORT | $100,000 |
| FLORIDA LIONS EYE CLINIC BONITA SPRINGS, FL | GENERAL SUPPORT | $5,000 |
| FOUNDATION FOR MORRISTOWN MEDICAL CENTER MORRISTOWN, NJ | GENERAL SUPPORT | $2,100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NEIL J GAGNON | PRESIDENT | 1 | — |
| LOIS E GAGNON | SECRETARY | 1 | — |
| BRIAN GAGNON | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
In February 2020, the foundation contributed to the expansion of the Gagnon Cardiovascular Institute at Morristown Medical Center as part of the Growing Forward Campaign. The foundation's support was part of a broader community fundraising effort that brought the total raised for the cardiovascular institute to $19.6 million toward a $20.5 million goal.
Community Members, Family Foundation Donate to Gagnon ExpansionFrequently Asked Questions
What does The Gagnon Family Foundation Inc (fka fund?
The foundation does not maintain a publicly stated mission statement. However, its grantmaking priorities focus on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Science and STEM Education
How do I apply for a grant from The Gagnon Family Foundation Inc (fka?
**Grant Sizes & Patterns:** • Typical award range: $1,000 to $2,100,000 • Average grant amount: Not specified in available data • Median grant amount: Not specified in available data **Recent Grant Activity (2023):** The foundation made 26 grants in 2023, including: • Foundation for Morristown Medical Center: $2,100,000 (General Support) • Lafayette College: $100,000 (General Support) • Community in Crisis: $100,000 (General Support) **Total Giving:** • 2023: $2,561,000
Where does The Gagnon Family Foundation Inc (fka make grants?
The foundation primarily funds organizations in: • New Jersey • New York • Maryland
What size grants does The Gagnon Family Foundation Inc (fka award?
In 2024, The Gagnon Family Foundation Inc (fka awarded 18 grants totaling $2.6M — an average of about $142K per grant, based on its IRS Form 990 filings.
How much is The Gagnon Family Foundation Inc (fka required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Gagnon Family Foundation Inc (fka reported a distributable amount of $2.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Gagnon Family Foundation Inc (fka's EIN?
The Gagnon Family Foundation Inc (fka's EIN (Employer Identification Number) is 52-1868735. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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