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Good News Foundation is a private corporation based in NEWPORT NEWS, VA. The foundation received its IRS ruling in 1996. The principal officer is Cyrus A Dolph Iv. It holds total assets of $4.3M. Annual income is reported at $367K. The foundation is governed by 3 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 2016 to 2023. According to available records, Good News Foundation has made 8 grants totaling $688K, with a median grant of $18K. The foundation has distributed between $213K and $255K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $255K distributed across 2 grants. Individual grants have ranged from $3K to $250K, with an average award of $86K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in Virginia and Illinois. Contributions to this foundation are tax-deductible.
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 Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in VA, IL.
Good News Foundation has distributed a total of $688K across 8 grants. The median grant size is $18K, with an average of $86K. Individual grants have ranged from $3K to $250K.
Good News Foundation typically selects its grantees rather than accepting unsolicited proposals.
Good News Foundation is headquartered in NEWPORT NEWS, VA. While based in VA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| C Dwight West Iii | PRESIDENT/SECRETARY/TREAS | $0 | $0 | N/A |
| Robert W Crowe | DIRECTOR | $0 | $0 | N/A |
| Jonathan West | DIRECTOR | $0 | $0 | N/A |
Total Giving
$227K
Total Assets
$4.1M
Fair Market Value
$4.5M
Net Worth
$4.1M
Grants Paid
$220K
Contributions
N/A
Net Investment Income
$247K
Distribution Amount
$214K
Total: N/A
Total Grants
8
Total Giving
$688K
Average Grant
$86K
Median Grant
$18K
Unique Recipients
6
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Peninsula Community FoundationGENERAL SUPPORT FOR ONGOING OPERATIONS | Hampton, VA | $220K | 2023 |
| International Cooperating MinistriesGENERAL SUPPORT FOR ONGOING OPERATIONS | Hampton, VA | $5K | 2022 |
| Orphan NetworkGENERAL SUPPORT FOR ONGOING OPERATIONS | Virginia Beach, VA | $25K | 2021 |
| Here For The GirlsGENERAL SUPPORT FOR ONGOING OPERATIONS | Williamsburg, VA | $10K | 2021 |
| Grove Christian Outreach CenterGENERAL SUPPORT FOR ONGOING OPERATIONS | Williamsburg, VA | $5K | 2021 |
| Good News PartnersGENERAL SUPPORT FOR ONGOING OPERATIONS | Chicago, IL | $3K | 2021 |