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Red Gates Foundation is a private corporation based in RICHMOND, VA. The foundation received its IRS ruling in 2021. It holds total assets of $1.5B. Annual income is reported at $279M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Red Gates Foundation has made 17 grants totaling $6.9M, with a median grant of $200K. Annual giving has grown from $360K in 2020 to $6.6M in 2022. Individual grants have ranged from $10K to $1.3M, with an average award of $407K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in Virginia and Illinois. Contributions to this foundation are tax-deductible.
Red Gates Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in VA, IL.
Red Gates Foundation has distributed a total of $6.9M across 17 grants. The median grant size is $200K, with an average of $407K. Individual grants have ranged from $10K to $1.3M.
Red Gates Foundation typically selects its grantees rather than accepting unsolicited proposals.
Red Gates Foundation is headquartered in RICHMOND, VA. While based in VA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Richard J Higgerson | BOARD MEMBER | $0 | $0 | $0 |
| James A Jones | TREASURER | $0 | $0 | $0 |
| William H Goodwin Jr | CHAIRMAN | $0 | $0 | $0 |
| Matthew T Goodwin | VICE CHAIRMAN | $0 | $0 | $0 |
Total Giving
$154.2M
Total Assets
$1.4B
Fair Market Value
$1.4B
Net Worth
$1.1B
Grants Paid
$146.9M
Contributions
$0
Net Investment Income
$55.1M
Distribution Amount
$68.2M
Total: $0
Total Grants
17
Total Giving
$6.9M
Average Grant
$407K
Median Grant
$200K
Unique Recipients
8
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Cristo ReyGENERAL SUPPORT | Chicago, IL | $600K | 2022 |
| Northstar AcademyGENERAL SUPPORT | Glen Allen, VA | $1.3M | 2022 |
| Darden SchoolGENERAL SUPPORT | Charlottesville, VA | $1M | 2022 |
| Community Coalition Of SussexGENERAL SUPPORT | Jarratt, VA | $200K | 2022 |
| Elijah House AcademyGENERAL SUPPORT | Richmond, VA | $169K |
| 2022 |
| Up RvaGENERAL SUPPORT | Richmond, VA | $50K | 2022 |
| Sheltering Arms FoundationGENERAL SUPPORT | Mechanicsville, VA | $10K | 2022 |
| The First Tee Of Greater RichmondRENOVATIONS TO THE BELMONT GOLF COURSE | Richmond, VA | $300K | 2020 |
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