Thomas E & Mary K Gallagher Foundation
Thomas E & Mary K Gallagher Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.2M in total assets. In 2024, it awarded 17 grants totaling $336K. Net investment income was $263K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.2M
-1.5% YoY
Annual Giving
$336K
+12.8% YoY
Grant Count
17
+54.5% YoY
Avg Grant Size
$20K
-27.0% YoY
Under IRS private-foundation payout rules, Thomas E & Mary K Gallagher Foundation reported a distributable amount of $286K for 2024 — the minimum it must pay out in qualifying distributions.
About Thomas E & Mary K Gallagher Foundation
Based on IRS filings
Thomas E & Mary K Gallagher Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.2M in total assets. In 2024, it awarded 17 grants totaling $336K. Net investment income was $263K.
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 | $5,195,111 | $5,271,598 | $5,201,413 |
| Revenue | $286,304 | $389,966 | $499,229 |
| Expenses | $362,791 | $319,781 | $481,684 |
| Qualifying Distributions | $335,500 | $297,500 | $460,000 |
| Net Investment Income | $263,124 | $383,103 | $490,482 |
| Distributable Amount | $286,442 | $264,723 | $273,586 |
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
72 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Dri Research Foundation ($250,000), The Guinn Center ($25,000), Rebecca Cathcart ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DRI RESEARCH FOUNDATION RENO, NV | UNRESTRICTED | $250,000 |
| TERRY LEE WELLS NEVADA DISCOVERY MUSEUM RENO, NV | UNRESTRICTED | $5,000 |
| MAYO CLINIC ROCHESTER, MN | UNRESTRICTED | $2,500 |
| NEVADA MUSEUM OF ART RENO, NV | UNRESTRICTED | $5,000 |
| BOYS & GIRLS CLUB OF TRUCKEE MEADOWS RENO, NV | UNRESTRICTED | $2,500 |
| GEORGE MARK CHILDREN'S HOUSE SAN LEANDRO, CA | UNRESTRICTED | $5,000 |
| BOYS & GIRLS CLUBS OF COACHELLA VALEEY PALM DESERT, CA | UNRESTRICTED | $2,500 |
| UNIVERSITY OF DETROIT MERCY DETROIT, MI | UNRESTRICTED | $2,500 |
| THE TAHOE FUND TAHOE CITY, CA | UNRESTRICTED | $2,500 |
| ANGEL FLIGHT WEST SANTA MONICA, CA | UNRESTRICTED | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY K GALLAGHER | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Thomas E & Mary K Gallagher Foundation?
Thomas E & Mary K Gallagher Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $5.2M in total assets as of 2024.
How large is Thomas E & Mary K Gallagher Foundation?
As of 2024, Thomas E & Mary K Gallagher Foundation holds $5.2M in total assets with $286K in annual revenue. It awarded 17 grants totaling $336K in 2024.
Where does Thomas E & Mary K Gallagher Foundation operate?
Thomas E & Mary K Gallagher Foundation has awarded grants in California, Illinois, Massachusetts, Maryland, Michigan, Minnesota, North Carolina, Nevada, New York.
What size grants does Thomas E & Mary K Gallagher Foundation award?
In 2024, Thomas E & Mary K Gallagher Foundation awarded 17 grants totaling $336K — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Thomas E & Mary K Gallagher Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Thomas E & Mary K Gallagher Foundation reported a distributable amount of $286K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Thomas E & Mary K Gallagher Foundation's EIN?
Thomas E & Mary K Gallagher Foundation's EIN (Employer Identification Number) is 95-6982534. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Thomas E & Mary K Gallagher 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.