The Gary & Diane Heavin Community Fund
The Gary & Diane Heavin Community Fund is a private foundation established in 2001 in Texas and designated as a 501(c)(3) organization. Based in Gatesville, Texas, the fund operates as a company-sponsored foundation with a broad philanthropic mission supporting organizations across multiple sectors and geographic regions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$23.3M
-4.5% YoY
Annual Giving
$1.6M
-35.4% YoY
Grant Count
42
+10.5% YoY
Avg Grant Size
$38K
-41.6% YoY
Mission & Focus Areas
The fund supports organizations involved with:
- Television
- Radio
- Education
- Health
- Human services
- Christianity
The foundation does not specify particular subject areas of exclusive focus, indicating a potentially broad philanthropic scope.
Grantmaking
The foundation is open to new applicants, with approximately 12% of new applicants funded.
Grant Range
$280
Average Grant
$280
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Geographic Focus
Where this funder awards grants
The fund supports a wide range of cities across the United States and internationally, including major cities such as New York, Austin, and Mumbai. Geographic funding distribution includes: Arizona, Colorado, Georgia, Idaho, Indiana, Iowa, Massachusetts, Mississippi, Montana, North Carolina, New York, Ohio, Pennsylvania, Texas, Virginia, and Wyoming.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $24,429,289
- Total revenue: $1,023,127
- Total expenses: $2,691,183
- Total liabilities: $0
- Investment income and dividends: $1,035,618
Asset Growth: Total assets increased 2.6% from the previous year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $23,342,124 | $24,429,289 | $27,384,859 |
| Revenue | $844,210 | $1,023,127 | $117,028 |
| Expenses | $1,801,213 | $2,691,183 | $3,070,836 |
| Qualifying Distributions | $1,694,854 | $2,560,761 | $2,939,782 |
| Net Investment Income | $719,254 | $905,387 | $149,866 |
| Distributable Amount | $271,112 | $368,329 | $1,161,694 |
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
188 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Gary Heavin — President (serves without compensation)
- Diane Heavin — Vice-President (serves without compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GARY HEAVIN | PRESIDENT | 0.5 | — |
| DIANE HEAVIN | VICE-PRESIDENT | 0.5 | — |
Contact Information
Address: 875 County Road 324 Gatesville, TX 76528-4382 United States
Telephone: 254-399-9285
EIN: 74-3003293
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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