Funder DirectoryRED GATES FOUNDATION
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Private foundation (trust)EIN 301201296Est. 2021-11

RED GATES FOUNDATION

RICHMOND, VA 23226

Total Assets

$1.5B

FY 2024

Annual Giving

$67.3M

FY 2024

Grants Made

33

FY 2024

Avg Grant

$2.0M

FY 2024

Grant Range

$20K–$20.8M

Typical

Deadlines

Applications

Focus Areas

Private Grantmaking Foundations

Financial Snapshot

2024 filing

Total Revenue

$79.3M

Total Expenses

$38.4M

Qualifying Distributions

$68.2M

Distributable Amount

$70.9M

Min. Investment Return

$72.0M

Undistributed Income

$70.9M

Payout rate 96%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.96%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

33 grants

Grant sizes from minimum $20K through median $400K to maximum $20.8M, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

4 years

Giving over time from 2020 to 2024. Peak $71.9M in 2023. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

69 grants

COMMONWEALTH FOUNDATION FOR CANCER RESEARCH
$68.1M
2 grants
VIRGINIA TECH FOUNDATION
$12.5M
1 grant
ANNA JULIA COOPER SCHOOL
$10.4M
2 grants
VIRGINIA TECH FOUNDATION INC
$10M
1 grant
NORTHSTAR ACADEMY
$5.8M
3 grants
CONCORDANCE
$5M
1 grant
DARDEN SCHOOL
$5M
3 grants
YWCA RICHMOND
$3.5M
1 grant

Grant Size Distribution

69 grants

<$10K
3
grants
$10–50K
13
grants
$50–250K
18
grants
$250K–1M
19
grants
$1–5M
11
grants
$5M+
5
grants

Geographic Focus

7 states

Virginia
$132.7M
93% of total
Missouri
$5M
4% of total
Tennessee
$3M
2% of total
Illinois
$1.2M
1% of total
South Carolina
$500K
0% of total
New York
$400K
0% of total
Utah
$50K
0% of total

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RED GATES FOUNDATION — Grants, Financials & Contact | Grantivo