The Virginia & Tom Gossage Foundation Inc
The Virginia & Tom Gossage Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 2 grants totaling $30K. Net investment income was $155K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
+6.7% YoY
Annual Giving
$30K
-70.0% YoY
Grant Count
2
-50.0% YoY
Avg Grant Size
$15K
-40.0% YoY
Under IRS private-foundation payout rules, The Virginia & Tom Gossage Foundation Inc reported a distributable amount of $154K for 2024 — the minimum it must pay out in qualifying distributions.
About The Virginia & Tom Gossage Foundation Inc
Based on IRS filings
The Virginia & Tom Gossage Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 2 grants totaling $30K. Net investment income was $155K.
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 | $1,971,212 | $1,846,936 | $1,796,591 |
| Revenue | $179,697 | $174,817 | $16,110 |
| Expenses | $59,973 | $123,931 | $134,241 |
| Qualifying Distributions | $31,400 | $102,862 | $100,996 |
| Net Investment Income | $154,755 | $146,894 | $15,392 |
| Distributable Amount | $154,393 | $126,432 | $125,618 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
23 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cathedral of St Philip ($25,000), Respite Care Atlanta Inc ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CATHEDRAL OF ST PHILIP ATLANTA, GA | UNRESTRICTED GENERAL | $25,000 |
| RESPITE CARE ATLANTA INC ATLANTA, GA | UNRESTRICTED GENERAL | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VIRGINIA E GOSSAGE | COMMITTEE MEMBER | 4 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Virginia & Tom Gossage Foundation Inc?
The Virginia & Tom Gossage Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. It holds $2.0M in total assets as of 2024.
How large is The Virginia & Tom Gossage Foundation Inc?
As of 2024, The Virginia & Tom Gossage Foundation Inc holds $2.0M in total assets with $180K in annual revenue. It awarded 2 grants totaling $30K in 2024.
Where does The Virginia & Tom Gossage Foundation Inc operate?
The Virginia & Tom Gossage Foundation Inc has awarded grants in Florida, Georgia.
What size grants does The Virginia & Tom Gossage Foundation Inc award?
In 2024, The Virginia & Tom Gossage Foundation Inc awarded 2 grants totaling $30K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is The Virginia & Tom Gossage Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Virginia & Tom Gossage Foundation Inc reported a distributable amount of $154K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Virginia & Tom Gossage Foundation Inc's EIN?
The Virginia & Tom Gossage Foundation Inc's EIN (Employer Identification Number) is 31-1501910. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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