The Rig Iii Family Foundation
The Rig Iii Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILLOUGHBY HILLS, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 28 grants totaling $297K. Net investment income was $708K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.8M
+22.8% YoY
Annual Giving
$297K
+25.6% YoY
Grant Count
28
+21.7% YoY
Avg Grant Size
$11K
+3.2% YoY
Under IRS private-foundation payout rules, The Rig Iii Family Foundation reported a distributable amount of $282K for 2024 — the minimum it must pay out in qualifying distributions.
About The Rig Iii Family Foundation
Based on IRS filings
The Rig Iii Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILLOUGHBY HILLS, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 28 grants totaling $297K. Net investment income was $708K.
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 | $2,757,868 | $2,246,466 | $2,463,045 |
| Revenue | $1,242,513 | $48,290 | $234,100 |
| Expenses | $327,749 | $264,869 | $260,063 |
| Qualifying Distributions | $296,725 | $236,200 | $218,000 |
| Net Investment Income | $708,333 | $55,921 | $209,614 |
| Distributable Amount | $281,702 | $233,545 | $226,536 |
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
128 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boca Grande Disaster Fd ($50,000), Village of Gates Mills ($29,000), Boca Grande Health Clinic ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOCA GRANDE DISASTER FD BOCA GRANDE, FL | GENERAL FUND | $50,000 |
| ALZHEIMERS ASSOCATION INDEPENDENCE, OH | GENERAL FUND | $2,000 |
| BOCA GRANDE HEALTH CLINIC BOCA GRANDE, FL | general fund | $25,000 |
| BOCA GRANDE HISTORICAL SOCIETY BOCA GRANDE, FL | GENERAL FUND | $2,500 |
| FIELDSTONE FARM THERAPEUTIC RIDING CTR CHAGRIN FALLS, OH | GENERAL FUND | $12,500 |
| BOCA GRANDE WOMENS CLUB BOCA GRANDE, FL | GENERAL FUND | $5,000 |
| GASPARILLA ISLAND CONSERVANCY BOCA GRANDE, FL | GENERAL FUND | $5,000 |
| GILMOUR ACADEMY GATES MILLS, OH | GENERAL FUND | $1,500 |
| HATHAWAY BROWN SCHOOL SHAKER HEIGHTS, OH | GENERAL FUND | $12,500 |
| HAWKEN SCHOOL GATES MILLS, OH | GENERAL FUND | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CATHY M GALE | PRESIDENT | 1 | — |
| ELIZABETH G KENNEDY | VICE PRESIDENT | 1 | — |
| ROBERT T GALE | TREASURER | 1 | — |
| STEPHANIE D GALE-WINTERER | SECRETARY | 1 | — |
| ROBERT I GALE III | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Rig Iii Family Foundation?
The Rig Iii Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILLOUGHBY HILLS, OH. It holds $2.8M in total assets as of 2024.
How large is The Rig Iii Family Foundation?
As of 2024, The Rig Iii Family Foundation holds $2.8M in total assets with $1.2M in annual revenue. It awarded 28 grants totaling $297K in 2024.
Where does The Rig Iii Family Foundation operate?
The Rig Iii Family Foundation has awarded grants in Florida, Massachusetts, Maine, Ohio.
What size grants does The Rig Iii Family Foundation award?
In 2024, The Rig Iii Family Foundation awarded 28 grants totaling $297K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is The Rig Iii Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Rig Iii Family Foundation reported a distributable amount of $282K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Rig Iii Family Foundation's EIN?
The Rig Iii Family Foundation's EIN (Employer Identification Number) is 31-1679716. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Rig Iii Family 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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