RICHMOND, VA
Red Gates Foundation
Quick Facts
- EIN
- 301201296
- Location
- RICHMOND, VA
- Category
- Philanthropy & Grantmaking
- Total Assets
- $1.5B
- Annual Income
- $279M
- IRS Ruling Year
- 2021
About This Foundation
Red Gates Foundation is a private foundation 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.
View 990 FilingsFinancial Overview
Total Giving
$154.2M
2023+92%
Total Assets
$1.4B
2023-3%
Fair Market Value
$1.4B
2023
Net Worth
$1.1B
2023
Grants Paid
$146.9M
2023
Contributions
$0
2023
Net Investment Income
$55.1M
2023
Distribution Amount
$68.2M
2023
Total Giving by Year
$415K
20$144K
21$80.3M
22$154.2M
23Asset Growth
$105K
19$14K
20$256K
21$1.4B
22$1.4B
23Investment Portfolio (2023)
Total: $0
Other Investments: $1.3B
Cash: $4.9M
Other Investments (100%)
Cash (0%)
Expense Breakdown (2023)
Grants Paid$146.9M
Interest$3.3M
Pension & Benefits$118K
Accounting Fees$89K
Legal Fees$81K
Travel & Conferences$8K
Revenue Sources (2023)
- Capital Gains (Net)
- $29.5M
- Dividends
- $5.3M
- Other Income
- $2.9M
- Interest
- $585K
Financial Details (2023)
- Total Revenue
- $38.2M
- Total Expenses
- $154.2M
- Exempt Purpose Expenses
- $72.7M
- Required Distribution
- $68.2M
- Undistributed Income
- $68.1M
- Grants Approved (Future)
- $156.8M
- Total Liabilities
- $251.4M
- Excise Tax
- $766K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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