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Good News Charitable Foundation is a private corporation based in RIALTO, CA. The foundation received its IRS ruling in 1997. The principal officer is Melton L Bacon. It holds total assets of $158K. Annual income is reported at $91K. Total assets have decreased from $676K in 2011 to $101K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. Grantmaking is concentrated in California. According to available records, Good News Charitable Foundation has made 44 grants totaling $370K, with a median grant of $700. Annual giving has decreased from $152K in 2021 to $65K in 2023. Grantmaking activity was highest in 2022 with $153K distributed across 12 grants. Individual grants have ranged from N/A to $51K, with an average award of $8K. The foundation has supported 19 unique organizations. The foundation primarily supports organizations in California, New York, Washington, which account for 68% of all grants. Grantmaking reaches organizations across 9 states. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$1K
Average Grant
$7K
Largest Grant
$51K
Based on 11 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Good News Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 44 grants. Its grantmaking reaches organizations primarily in CA, NY, WA.
Good News Charitable Foundation has distributed a total of $370K across 44 grants. The median grant size is $700, with an average of $8K. Individual grants have ranged from N/A to $51K.
Good News Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Good News Charitable Foundation is headquartered in RIALTO, CA. While based in CA, the foundation distributes grants to organizations across 9 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Katherine L Bacon | DIR/VP/SEC | $0 | $0 | N/A |
| Melton L Bacon | DIR/PRES/TRE | $0 | $0 | N/A |
Total Giving
$73K
Total Assets
$101K
Fair Market Value
$562K
Net Worth
$101K
Grants Paid
$65K
Contributions
N/A
Net Investment Income
$2K
Distribution Amount
$28K
Total: $63K
Total Grants
44
Total Giving
$370K
Average Grant
$8K
Median Grant
$700
Unique Recipients
19
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Veterans Of Foreign WarsSUPPORT VETERANS | Washington, DC | $100 | 2021 |
| Teen BlazeSUPPORT RELIGIOUS YOUTH CENTER | Riverside, CA | $51K | 2023 |
| Vision Plus ChurchGENERAL RELIGIOUS PURPOSES | Riverside, CA | $8K | 2023 |
| Ronald Mcdonald HousePROVIDE SUPPORT FOR FAMILIES | Loma Linda, CA | $6K | 2023 |
| St Jude Children'S Research HospitaMEDICAL RESEARCH | San Fransisco, CA | $500 | 2023 |
| Showered With LovePROVIDES MOBILE SHOWERS | Acampo, CA | $1K | 2022 |
| Posse FoundationSUPPORT DIVERSE BACKGROUNDS | New York, NY | $1K | 2022 |
| Tunnel To Towers FoundationPROVIDING FINANCIAL SUPPORT | Staten Island, NY | $200 | 2022 |
| Inland Empire Ronald Mcdonald HouseSUPPORT CHILDREN AND FAMILY | Loma Linda, CA | $5K | 2021 |
| World VisionGENERAL RELIGIOUS PURPOSES | Tacoma, WA | $791 | 2021 |
| Oklahoma County 4hFARMING | Oklahoma City, OK | $700 | 2021 |
| Pueblo Diversified IndustriesSUPPORTS INDIVIDUALS | Pueblo, CO | $500 | 2021 |
| The SheepfoldCARING FOR MOTHERS AND CHILDREN | Orange, CA | $300 | 2021 |
| Gateway ChurchGENERAL RELIGIOUS PURPOSES | Southlake, TX | $200 | 2021 |
| Wounded WarriorSUPPORTS WOUNDED VETERANS | Jacksonville, FL | $200 | 2021 |
| Mercy ShipsHELPS CHILDREN IN AFRICA | Garden Valley, TX | $200 | 2021 |
| Alzheimer'S AssociationRESEARCH | Chicago, IL | $200 | 2021 |
| Shriners Hospital ChildrenPROVIDES HEALTHCARE | Pasadena, CA | $100 | 2021 |
| Tunnel To TowersSUPPORTS AMERICA'S HEROS | Staten Island, NY | N/A | 2021 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA