The Gorman Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FAIR OAKS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 15 grants totaling $203K. Net investment income was $35K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.0M
+5.3% YoY
Annual Giving
$203K
+34.7% YoY
Grant Count
15
+36.4% YoY
Avg Grant Size
$14K
-1.2% YoY
Under IRS private-foundation payout rules, The Gorman Foundation reported a distributable amount of $202K for 2024 — the minimum it must pay out in qualifying distributions.
About The Gorman Foundation
Based on IRS filings
The Gorman Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FAIR OAKS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 15 grants totaling $203K. Net investment income was $35K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,048,206 | $2,895,625 | $3,017,544 |
| Revenue | $-150,833 | $61,500 | $36,878 |
| Expenses | $246,082 | $208,156 | $309,758 |
| Qualifying Distributions | $211,194 | $164,497 | $278,669 |
| Net Investment Income | $34,959 | $19,029 | $59,253 |
| Distributable Amount | $202,228 | $180,740 | $170,592 |
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
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Texas Biomedical Research Institute ($60,000), Space Foundation ($20,000), Liv - in the Journey ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CANDIES CREEK ACADEMY CHARLESTON, TN | ANNUAL CAMPAIGN | $5,000 |
| CHRISTUS SANTA ROSA CHIDREN'S HOSPITAL SAN ANTONIO, TX | TO SUPPORT CHILDREN'S EPILEPSY PROGRAM | $10,000 |
| CIBOLO NATURE CENTER & FARM BOERNE, TX | CHILDREN'S EDUCATION ENVIRONMENT | $5,000 |
| FIRST BAPTIST CHURCH OF CLEVELAND TN CLEVELAND, TN | ANNUAL CAMPAIGN | $15,000 |
| FREE 2 FLY CLEVELAND, TN | ANNUAL CAMPAIGN | $10,000 |
| SPACE FOUNDATION COLORADO SPRINGS, CO | ANNUAL CAMPAIGN | $20,000 |
| TEXAS BIOMEDICAL RESEARCH INSTITUTE SAN ANTONIO, TX | CAPITAL CAMPAIGN | $60,000 |
| UNIVERSITY OF INCARNATE WORD SAN ANTONIO, TX | YOUTH TENNIS PROGRAM | $10,000 |
| UT HEALTH SAN ANTONIO SAN ANTONIO, TX | ANNUAL CAMPAIGN | $10,000 |
| WATERVILLE BAPTIST CHURCH CLEVELAND, TN | TO SUPPORT THE OCA HOMESCHOOL GROUP | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES W GORMAN III | PRESIDENT & BOARD CHAIRMAN | 2 | — |
| AMY GORMAN ELLIS | VICE PRESIDENT | 2 | — |
| SAMUEL CAIN ELLIS | SECRETARY AND TREASURER | 2 | $5,500 |
| CARLY A COLLINS | DIRECTOR | 2 | — |
| MICHAEL A SCHOTT AS OF JUNE 2024 | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Gorman Foundation?
The Gorman Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FAIR OAKS, TX. It holds $3.0M in total assets as of 2024.
How large is The Gorman Foundation?
As of 2024, The Gorman Foundation holds $3.0M in total assets with $-150,833 in annual revenue. It awarded 15 grants totaling $203K in 2024.
Where does The Gorman Foundation operate?
The Gorman Foundation has awarded grants in Colorado, North Carolina, Nebraska, Tennessee, Texas.
What size grants does The Gorman Foundation award?
In 2024, The Gorman Foundation awarded 15 grants totaling $203K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is The Gorman Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Gorman Foundation reported a distributable amount of $202K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Gorman Foundation's EIN?
The Gorman Foundation's EIN (Employer Identification Number) is 74-2822598. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Gorman Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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