The Gainey Family Foundation

Private foundation · Grantmaker Wilmington, DE EIN: 47-3986285

The Gainey Family Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $598K in total assets. In 2025, it awarded 2 grants totaling $30K. Net investment income was $27K.

Key facts about The Gainey Family Foundation

In short: The Gainey Family Foundation gave $30K across 2 grants in 2025 (avg $15K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.

EIN
47-3986285
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$30,000
Grants made (2025)
2
Average grant
$15,000
Median grant
$15,000
Total assets
$597,805
Primary geography
North Carolina (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$598K

-2.5% YoY

Annual Giving

$30K

+72.9% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$15K

+72.9% YoY

Under IRS private-foundation payout rules, The Gainey Family Foundation reported a distributable amount of $36K for 2025 — the minimum it must pay out in qualifying distributions.

How The Gainey Family Foundation gives

  • Giving fell 40% from 2022 to 2025. Method
  • In 2025 it paid out 113% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2025 grant dollars across all 2 itemized grants.

Cities

Morehead CityAtlantic BCHOklahoma CityWintervilleHarlan

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K2 grants2020 1 grant2021 1 grant2022 2 grants2023 2 grants2024 2 grants2025

From 2020 to 2025, annual grant giving ranged from $17K (2024) to $60K (2020). In 2025 it made 2 grants totaling $30K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

One Harbor Church Inc: $25KOne Harbor Church Inc$25KWatershed Ministries Inc: $5KWatershed Ministries Inc$5K

The largest 2025 recipient was One Harbor Church Inc ($25K). Together the top 2 received $30K.

Grant Size Distribution

8 grants across all recorded years

6<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 6 grants of 8 (75%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
One Harbor Church Inc Morehead City, NCBuilding Fund$25,000
Watershed Ministries Inc Atlantic BCH, NCGeneral & Unrestricted$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K$80K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$597,805$612,927$592,575
Revenue$32,796$54,009$27,136
Expenses$47,918$33,657$45,662
Qualifying Distributions$41,131$28,264$40,700
Net Investment Income$27,387$48,775$22,474
Distributable Amount$36,284$34,222$30,767

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS October 26, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 12, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS July 11, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 10, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
  7. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Gainey Family Foundation is led by Frank H Gainey, President, Director & Treasurer on every filing since 2020; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Frank H Gainey

    President, Director & Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

  • Diane Gainey

    Director, Secretary & Vice President

    On filings since 2020

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about The Gainey Family Foundation

How much does The Gainey Family Foundation give each year?

The Gainey Family Foundation gave $30K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $17K across 2 grants.

How large is The Gainey Family Foundation?

The Gainey Family Foundation reported $598K in total assets on its 2025 IRS Form 990-PF. It paid out $41K in qualifying distributions that year, against a required minimum of $36K (roughly 5% of its investment assets).

Where does The Gainey Family Foundation operate?

The Gainey Family Foundation has awarded grants in Iowa, North Carolina, Oklahoma.

What is The Gainey Family Foundation's EIN?

The Gainey Family Foundation's EIN (Employer Identification Number) is 47-3986285. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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