The Gainey Family Foundation
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.
The Gainey Family Foundation at a glance
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.
- Annual giving (2025)
- $30,000
- +72.9% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $15,000
- +72.9% vs 2024
- Median grant
- $15,000
- Total assets
- $597,805
- -2.5% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Gainey Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
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
The most common grant size was under $50K: 6 grants of 8 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $17K (2024) to $60K (2020). In 2025 it made 2 grants totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| One Harbor Church Inc Morehead City, NC | Building Fund | $25,000 |
| Watershed Ministries Inc Atlantic BCH, NC | General & Unrestricted | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $597,805 | $32,796 | $47,918 | $30,000 | 2 | $41,131 | $27,387 | $36,284 |
| 2024 | $612,927 | $54,009 | $33,657 | $17,350 | 2 | $28,264 | $48,775 | $34,222 |
| 2023 | $592,575 | $27,136 | $45,662 | $30,000 | 2 | $40,700 | $22,474 | $30,767 |
| 2022 | $611,101 | $7,732 | $65,305 | $50,000 | 1 | $59,943 | $10,572 | $33,620 |
| 2021 | $668,674 | $67,320 | $64,161 | $50,000 | 1 | $56,913 | $61,522 | $38,495 |
| 2020 | $665,515 | $71,304 | $71,682 | $60,000 | 2 | — | $66,243 | $33,020 |
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.
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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 26, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 10, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Gainey Family Foundation funds
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