Red Gates Foundation
Preselected recipients only
Red Gates Foundation is a private foundation in Richmond, Virginia. In tax year 2024 it gave $28.8 million in 33 grants; the typical grant was $400,000 and the largest $20.8 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$28.8 million
- Number of grants33
- Typical grant$400,000
- Largest grant$20.8 million
- Assets$1.5 billion
- New grantees36%
Giving in 2024 was down from $147 million the year before.
36% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $147 million | 26 | $1.4 billion |
| 2024 | $28.8 million | 33 | $1.5 billion |
How to apply
Red Gates Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Red Gates Foundation funds
Where it gives
Its grants went to recipients in 6 states, the most to Virginia.
| State | Grants | Amount |
|---|---|---|
| Virginia | 27 | $59.4 million |
| Missouri | 1 | $5.0 million |
| Tennessee | 1 | $2.0 million |
| South Carolina | 2 | $500,000 |
| New York | 1 | $400,000 |
| Utah | 1 | $25,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Commonwealth Foundation for Cancer Research | General support | $20.8 million |
| Anna Julia Cooper School | General support | $10.2 million |
| Virginia Tech Foundation Inc | General support | $10.0 million |
| Concordance | General support | $5.0 million |
| YWCA Richmond | General support | $3.5 million |
| Liberation Veteran Services | General support | $2.4 million |
| Vanderbilt University Medical Center | General support | $2.0 million |
| Darden School | General support | $2.0 million |
| Focused Ultrasound Foundation | General support | $2.0 million |
| Ronald McDonaold House Charities of Richmond | General support | $1.4 million |
| Richmond Fisher House Foundation | General support | $1.1 million |
| Crossover Healthcare Ministry | General support | $1.0 million |
| Northstar Academy | General support | $1.0 million |
| New Schools for Virginia Corporation | General support | $850,000 |
| Cristo Rey | General support | $600,000 |
| First Tee-Greater Richmond | General support | $500,000 |
| American Corporate Partners | General support | $400,000 |
| Commonwealth Autism | General support | $375,000 |
| Patrick Henry School of Science and Arts | General support | $300,000 |
| Elijah House Academy | General support | $256,227 |
| First Tee Charleston | General support | $250,000 |
| Goochland Cares | General support | $250,000 |
| Operation Patriots Fob | General support | $250,000 |
| Virginia Literacy Foundation | General support | $250,000 |
| Sports Backers | General support | $225,000 |
| American Red Cross | General support | $100,000 |
| St Andrews School | General support | $100,000 |
| Uprva | General support | $100,000 |
| Virginia Museum of History & Culture | General support | $100,000 |
| Community Coalition of Sussex | General support | $50,000 |
| Swimrva | General support | $50,000 |
| Cirque Lodge Foundation | General support | $25,000 |
| James River Association | General support | $20,000 |
Officers and trustees
- William H Goodwin Jr
- Matthew T Goodwin
- Richard J Higgerson
Questions people ask
Does Red Gates Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Red Gates Foundation give?
$28.8 million in tax year 2024, across 33 grants, with a typical grant of $400,000.
Who runs Red Gates Foundation?
Its 2024 filing lists William H Goodwin Jr (Chairman), Matthew T Goodwin (Vice Chairman) and Richard J Higgerson (Board Member).
What does Red Gates Foundation fund?
Based on its grants, mainly health, science and research and education.