Gbl Charitable Foundation
- Assets
- $562.2k
- Revenue
- $74.1k
- Investments
- $559.0k
- Employees
- 0
- Location
- Westwood, MA
- Founding
- 11/2004
- Data as of
- 12/2022
- EIN
- 20-1529661
Organization Overview
Gbl Charitable Foundation is located in Westwood, MA. The organization was established in 2004. 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. Gbl Charitable 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 12/2022, Gbl Charitable Foundation generated $74.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $51.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gbl Charitable Foundation has awarded 175 individual grants totaling $2,464,215. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST ANNUALLY MAKES DISTRIBUTIONS TO EDUCATIONAL, MEDICAL, RELIGIOUS AND/OR CULTURAL 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Layton Pres/sec/treas/director | 5 | $0 | |
Susan L Bartovics Vice-President/director | 5 | $0 | |
Marion L Mann Vice-President/director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,965 |
| Dividends & Interest | $13,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,072 |
| Capital Gain Net Income | $57,072 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,109 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,091 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,621 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $51,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350 |
| Savings and temporary cash investments | $2,897 |
| 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 | $138,103 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $562,216 |
| 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, Gbl Charitable Foundation has awarded $40,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DEXTERSOUTHFIELD SCHOOLS PURPOSE: PROGRAM SUPPORT | $2,500 |
NEWTON WELLESLEY HOSPITAL FOUNDATION PURPOSE: PROGRAM SUPPORT | $5,000 |
HALE RESERVATION PURPOSE: PROGRAM SUPPORT | $10,000 |
PIONEER INSTITUTE PURPOSE: PROGRAM SUPPORT | $10,000 |
REACH PREP PURPOSE: PROGRAM SUPPORT | $2,500 |
THE WALKER SCHOOL PURPOSE: PROGRAM SUPPORT | $10,000 |