The Gate Foundation Inc
The Gate Foundation Inc is a private foundation, based in Atlanta, GA. IRS filing data is available from 2020 through 2022. In 2022, it awarded 1 grant totaling $185K. Net investment income was $14.
The Gate Foundation Inc at a glance
In short: The Gate Foundation Inc gave $185K across 1 grant in 2022 (avg $185K), mostly in Rhode Island. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $184,830
- +1580.3% vs 2021
- Grants made (2022)
- 1
- -75.0% vs 2021
- Average grant
- $184,830
- +6621.1% vs 2021
- Median grant
- $184,830
- Primary geography
- Rhode Island (100% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who The Gate Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2022
The largest 2022 recipient was The G2 Fund Acct A2000287 ($185K).
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 8 grants of 9 (89%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2022 grant dollars on its one itemized grant.
Cities
How The Gate Foundation Inc gives
- In 2022 it paid out well above 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 2022, annual grant giving ranged from $7K (2020) to $185K (2022). In 2022 it made 1 grant totaling $185K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The G2 Fund Acct A2000287 Warwick, RI | General Support | $184,830 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2022 | — | $172 | $189,910 | $184,830 | 1 | $189,757 | $14 | $8,601 |
| 2021 | $191,487 | $132 | $12,363 | $11,000 | 4 | — | — | $9,846 |
| 2020 | $203,718 | $15,846 | $7,430 | $7,300 | 4 | — | $6,701 | $9,888 |
Under IRS private-foundation payout rules, The Gate Foundation Inc reported a distributable amount of $9K for 2022 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Gate Foundation Inc is led by Thomas Matheson, President & Director on every filing since 2020; none of the 2 officers listed in 2022 report compensation.
Officers on the 2022 filing
Thomas Matheson
President & Director
On filings since 2020
1 hr/week
No compensation reported
Cynthia Matheson
Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2022. "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 Gate Foundation Inc
How much does The Gate Foundation Inc give each year?
The Gate Foundation Inc gave $185K across 1 grant in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $11K across 4 grants.
Where does The Gate Foundation Inc operate?
The Gate Foundation Inc has awarded grants in Georgia, New Jersey, New York, Oregon, Rhode Island.
How much is The Gate Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, The Gate Foundation Inc reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Gate Foundation Inc's EIN?
The Gate Foundation Inc's EIN (Employer Identification Number) is 58-1913327. IRS Form 990 filing data is available on this page for 2020–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2022
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