Frank M & Olive E Gilman Foundation Inc

Organization Overview

Frank M & Olive E Gilman Foundation Inc is located in Enfield, NH. The organization was established in 1991. 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. Frank M & Olive E Gilman Foundation Inc 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 12/2021, Frank M & Olive E Gilman Foundation Inc generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Frank M & Olive E Gilman Foundation Inc has awarded 15 individual grants totaling $13,960,200. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES GRANTS TO EDUCATIONAL 501 (C) 3 ORGANIZATIONS THAT PROVIDE SCHOLARSHIPS TO HIGH SCHOOL SENIORS IN WINDSOR AND ORANGE COUNTIES IN VERMONT AND GRAFTON COUNTY IN NH


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $923,216
Net Rental Income$0
Net Gain on Sale of Assets $3,026,165
Capital Gain Net Income $3,026,165
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $3,949,381

Grants Awarded

Over the last fiscal year, Frank M & Olive E Gilman Foundation Inc has awarded $1,981,200 in support to 2 organizations.

Grant RecipientAmount

VERMONT STUDENT ASST CORP

Org PageRecipient Profile

Winooski, VT

PURPOSE: EDUCATIONAL ASSISTANCE

$1,274,000

NEW HAMPSHIRE CHARITABLE FOUNDATION

Org PageRecipient Profile

Concord, NH

PURPOSE: EDUCATIONAL ASSISTANCE

$707,200
View Grant Profile

Peer Organizations

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