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Good News Foundation is a private corporation based in KERRVILLE, TX. The foundation received its IRS ruling in 2006. The principal officer is Jack R Lousma. It holds total assets of $200K. Annual income is reported at $11K. Total assets have grown from $100K in 2011 to $204K in 2023. 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 2020 to 2023. The foundation primarily funds organizations in Texas, Florida and Michigan. According to available records, Good News Foundation has made 84 grants totaling $50K, with a median grant of $550. The foundation has distributed between $24K and $26K annually from 2021 to 2022. Individual grants have ranged from $300 to $2K, with an average award of $736.912. The foundation has supported 20 unique organizations. The foundation primarily supports organizations in Texas, North Carolina, Florida, which account for 44% of all grants. Grantmaking reaches organizations across 12 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$300
Median Grant
$550
Average Grant
$762
Largest Grant
$2K
Based on 16 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 Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 84 grants. Its grantmaking reaches organizations primarily in TX, NC, FL.
Good News Foundation has distributed a total of $50K across 84 grants. The median grant size is $550, with an average of $736.912. Individual grants have ranged from $300 to $2K.
Good News Foundation typically selects its grantees rather than accepting unsolicited proposals.
Good News Foundation is headquartered in KERRVILLE, TX. While based in TX, the foundation distributes grants to organizations across 12 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joseph L Lousma | VICE PRESIDENT | $0 | $0 | N/A |
| Jack R Lousma | PRESIDENT | $0 | $0 | N/A |
| Gralia K Lousma | VICE PRESIDENT/SECRETARY | $0 | $0 | N/A |
Total Giving
$15K
Total Assets
$204K
Fair Market Value
$273K
Net Worth
$204K
Grants Paid
$13K
Contributions
$18K
Net Investment Income
$10K
Distribution Amount
$11K
Total: N/A
Total Grants
84
Total Giving
$50K
Average Grant
$736.912
Median Grant
$550
Unique Recipients
20
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Samaritans PurseGENERAL PURPOSES | Boone, NC | $2K | 2022 |
| Pathway To VictoryGENERAL PURPOSES | Dallas, TX | $1K | 2022 |
| In Touch MinistriesGENERAL PURPOSES | Atlanta, GA | $1K | 2022 |
| Officers Christian FellowshipGENERAL PURPOSES | Englewood, CA | $1K | 2022 |
| Love IsrealorgGENERAL PURPOSES | Merritt Island, FL | $1K | 2022 |
| Reliant MissionGENERAL PURPOSES | Orlando, FL | $900 | 2022 |
| Northpointe ChurchGENERAL PURPOSES | Cedar Park, TX | $800 | 2022 |
| Voices Of MartyrsGENERAL PURPOSES | Bartlesville, OK | $800 | 2022 |
| The NavigatorsGENERAL PURPOSES | Alert, MN | $600 | 2022 |
| Pilgrim United Methodist ChurchGENERAL PURPOSES | St Johns, MI | $500 | 2022 |
| University Reformed ChurchGENERAL PURPOSES | East Lansing, MI | $500 | 2022 |
| Hillsdale CollegeGENERAL PURPOSES | Hillsdale, MI | $500 | 2022 |
| Family Research CouncilGENERAL PURPOSES | Washingon, DC | $500 | 2022 |
| Elevation ChurchGENERAL PURPOSES | Matthews, NC | $500 | 2022 |
| That The World May KnowGENERAL PURPOSES | Zeeland, MI | $400 | 2022 |
| Missionary Aviation FellowshipGENERAL PURPOSES | Nampa, ID | $400 | 2022 |
| New Life ChurchGENERAL PURPOSES | Ann Arbor, MI | $400 | 2022 |