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
Under IRS private-foundation payout rules, The Gary & Diane Heavin Community Fund reported a distributable amount of $271K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include The Lord's Work Inc ($350,000), Christ the King Church ($210,000), Lifeline Christian Mission ($140,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN FAMILY ASSOCIATION TUPELO, MS | GENERAL OPERATIONS | $50,000 |
| AMERICAN FAMILY RADIO TUPELO, MS | GENERAL OPERATIONS | $50,000 |
| ARC OF MCLENNAN COUNTY WACO, TX | GENERAL OPERATIONS | $5,000 |
| ARCHWAY OF HOPE WACO, TX | GENERAL OPERATIONS | $15,000 |
| BALLOON FEDERATION OF AMERICA INDIANOLA, IA | GENERAL OPERATIONS | $5,000 |
| CENTRAL TEXAS COLLEGE KILLEEN, TX | GENERAL OPERATIONS | $4,000 |
| CHIHUAHUAN CONNECTION - RICK CAYWOOD MINISTRIES WACO, TX | GENERAL OPERATIONS: IN-KIND DONATIONS OF RICE & BEANS | $106,526 |
| CHRIST THE KING CHURCH WACO, TX | GENERAL OPERATIONS | $210,000 |
| COUNCIL FOR LIFE CENTRAL TEXAS DALLAS, TX | GENERAL OPERATIONS | $50,000 |
| COUNTER CULTURE MINISTRIES FRANKLIN, TX | GENERAL OPERATIONS | $10,000 |
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
Frequently Asked Questions
What does The Gary & Diane Heavin Community Fund fund?
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.
How do I apply for a grant from The Gary & Diane Heavin Community Fund?
**Grant Activity:** • Total giving in 2023: $2,486,100 • Number of grants awarded in 2024: 38 grants • Average grant size: $280 • Total grants in previous year: 7,220 **Recent Grants (2023):** • Consumer Wellness Center: $500,000 (General Operations) • The Lords Work: $350,000 (General Operations) • Walden Dynamics Incorporated: $250,000 (General Operations) **Application Status:** The foundation is open to new applicants, with approximately 12% of new applicants funded.
Where does The Gary & Diane Heavin Community Fund make 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.
What size grants does The Gary & Diane Heavin Community Fund award?
In 2024, The Gary & Diane Heavin Community Fund awarded 42 grants totaling $1.6M — an average of about $38K per grant, based on its IRS Form 990 filings.
How much is The Gary & Diane Heavin Community Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Gary & Diane Heavin Community Fund reported a distributable amount of $271K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Gary & Diane Heavin Community Fund's EIN?
The Gary & Diane Heavin Community Fund's EIN (Employer Identification Number) is 74-3003293. 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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