Gale Foundation
- Assets
- $6.1m
- Revenue
- $320.3k
- Investments
- $5.4m
- Employees
- 0
- Location
- Richmond, TX
- Founding
- 02/1982
- Data as of
- 04/2023
- EIN
- 76-0009604
Organization Overview
Gale Foundation is located in Richmond, TX. The organization was established in 1982. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gale Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2023, Gale Foundation generated $320.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $1.3m during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gale Foundation has awarded 112 individual grants totaling $7,835,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO DIRECT ACTIVE CONDUCT OF CHARITABLE ACTIVITIES. THE FOUNDATION MADE UNRESTRICTED CHARITABLE DONATIONS TO 15 DIFFERENT ORGANIZATIONS. PLEASE SEE PART XIV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Blum Trustee | 4 | $40,495 | |
Richard Fisher Trustee | 4 | $40,494 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $286,878 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $33,400 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33,400 |
| Total Revenue | $320,278 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,989 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,422 |
| Printing and publications | $0 |
| Other expenses | $1,212 |
| Total operating and administrative expenses | $234,069 |
| Contributions, gifts, grants paid | $1,067,500 |
| Total expenses and disbursements | $1,301,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,087 |
| Savings and temporary cash investments | $450,000 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,090,464 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gale Foundation has awarded $1,067,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
THE SHALEM FOUNDATION PURPOSE: UNRESTRICTED | $200,000 |
FRIENDS OF THE IDF PURPOSE: UNRESTRICTED | $50,000 |
TWO SL LLC DBA NY SUN PURPOSE: UNRESTRICTED | $5,000 |
MANHATTAN INSTITUTE PURPOSE: UNRESTRICTED | $100,000 |
NE'EMAN FOUNDATION USA PURPOSE: UNRESTRICTED | $20,000 |
LAMAR UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIPS | $112,500 |