The Kent and Rita Norton Foundation
The Kent and Rita Norton Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOS GATOS, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $343K in total assets. In 2024, it awarded 3 grants totaling $24K. Net investment income was $21K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$343K
-1.4% YoY
Annual Giving
$24K
+25.0% YoY
Grant Count
3
-57.1% YoY
Avg Grant Size
$8K
+191.7% YoY
Under IRS private-foundation payout rules, The Kent and Rita Norton Foundation reported a distributable amount of $17K for 2024 — the minimum it must pay out in qualifying distributions.
About The Kent and Rita Norton Foundation
Based on IRS filings
The Kent and Rita Norton Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOS GATOS, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $343K in total assets. In 2024, it awarded 3 grants totaling $24K. Net investment income was $21K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $343,011 | $347,843 | $350,948 |
| Revenue | $20,787 | $17,646 | $-19,230 |
| Expenses | $25,619 | $20,750 | $24,410 |
| Qualifying Distributions | $25,375 | $20,684 | $24,284 |
| Net Investment Income | $20,543 | $17,580 | $4,737 |
| Distributable Amount | $16,760 | $17,264 | $18,768 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include San Jose Museum of Art ($18,000), San Jose Institute of Contemporary Art ($5,000), Numu ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| SAN JOSE MUSEUM OF ART SAN JOSE, CA | CULTURAL | $18,000 |
| SAN JOSE INSTITUTE OF CONTEMPORARY ART SAN JOSE, CA | CULTURAL | $5,000 |
| NUMU Los Gatos, CA | CULTURAL | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL KENT NORTON | CEO | 2 | — |
| RITA ANN NORTON | Secretary | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Kent and Rita Norton Foundation?
The Kent and Rita Norton Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOS GATOS, CA. It holds $343K in total assets as of 2024.
How large is The Kent and Rita Norton Foundation?
As of 2024, The Kent and Rita Norton Foundation holds $343K in total assets with $21K in annual revenue. It awarded 3 grants totaling $24K in 2024.
Where does The Kent and Rita Norton Foundation operate?
The Kent and Rita Norton Foundation has awarded grants in California, Colorado, New York.
What size grants does The Kent and Rita Norton Foundation award?
In 2024, The Kent and Rita Norton Foundation awarded 3 grants totaling $24K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is The Kent and Rita Norton Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Kent and Rita Norton Foundation reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Kent and Rita Norton Foundation's EIN?
The Kent and Rita Norton Foundation's EIN (Employer Identification Number) is 77-0560073. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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