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Filing year 2024

RED GATES FOUNDATION

Richmond, Virginia·EIN 30-1201296·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$79.3M
Total assets
$1.5B
Total expenses
$38.4M
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2024. RED GATES FOUNDATION reported 3 unpaid officers and board members on its 990-PF.

Chairman
Vice Chairman
Board Member

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$67.3M

Itemized grants

33

Median grant

$400k

RecipientLocationPurposeAmount
COMMONWEALTH FOUNDATION FOR CANCER RESEARCHRICHMOND, VAGENERAL SUPPORT$20.8M
ANNA JULIA COOPER SCHOOLRICHMOND, VAGENERAL SUPPORT$10.2M
VIRGINIA TECH FOUNDATION INCBLACKSBURG, VAGENERAL SUPPORT$10M
CONCORDANCESTL LOUIS, MOGENERAL SUPPORT$5M
YWCA RICHMONDRICHMOND, VAGENERAL SUPPORT$3.5M
LIBERATION VETERAN SERVICESRICHMOND, VAGENERAL SUPPORT$2.4M
VANDERBILT UNIVERSITY MEDICAL CENTERNASHVILLE, TNGENERAL SUPPORT$2M
DARDEN SCHOOLCHARLOTTESVILLE, VAGENERAL SUPPORT$2M
FOCUSED ULTRASOUND FOUNDATIONCHARLOTTESVILLE, VAGENERAL SUPPORT$2M
RONALD MCDONAOLD HOUSE CHARITIES OF RICHMONDRICHMOND, VAGENERAL SUPPORT$1.4M
RICHMOND FISHER HOUSE FOUNDATIONRICHMOND, VAGENERAL SUPPORT$1.1M
CROSSOVER HEALTHCARE MINISTRYRICHMOND, VAGENERAL SUPPORT$1M
NORTHSTAR ACADEMYRICHMOND, VAGENERAL SUPPORT$1M
NEW SCHOOLS FOR VIRGINIA CORPORATIONRICHMOND, VAGENERAL SUPPORT$850k
CRISTO REYRICHMOND, VAGENERAL SUPPORT$600k
FIRST TEE-GREATER RICHMONDRICHMOND, VAGENERAL SUPPORT$500k
AMERICAN CORPORATE PARTNERSNEW YORK, NYGENERAL SUPPORT$400k
COMMONWEALTH AUTISMRICHMOND, VAGENERAL SUPPORT$375k
PATRICK HENRY SCHOOL OF SCIENCE AND ARTSRICHMOND, VAGENERAL SUPPORT$300k
ELIJAH HOUSE ACADEMYRICHMOND, VAGENERAL SUPPORT$256k
FIRST TEE CHARLESTONMOUNT PLEASANT, SCGENERAL SUPPORT$250k
GOOCHLAND CARESGOOCHLAND, VAGENERAL SUPPORT$250k
OPERATION PATRIOTS FOBOKATIE, SCGENERAL SUPPORT$250k
VIRGINIA LITERACY FOUNDATIONRICHMOND, VAGENERAL SUPPORT$250k
SPORTS BACKERSRICHMOND, VAGENERAL SUPPORT$225k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

RED GATES FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$38.2M
$154.2M
2023
$79.3M
$38.4M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1B+), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Virginia

RED GATES FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Virginia earns a median of $35,000.

25th percentile
$9k
Median
$35,000
75th percentile
$95k
90th percentile
$223k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 475 organizations across 475 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Virginia
FAQ

Common questions about RED GATES FOUNDATION

What are RED GATES FOUNDATION's revenue and expenses?

In 2024, RED GATES FOUNDATION reported $79.3M in total revenue and $38.4M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1B+), because foundation pay scales with assets under management, not revenue.