Gelco Charitable Foundation

Organization Overview

Gelco Charitable Foundation is located in Wilmington, DE. The organization was established in 2006. 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. Gelco 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 12/2021, Gelco Charitable Foundation generated $861.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $359.9k during the year ending 12/2021. While expenses have increased by 9.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Gelco Charitable Foundation has awarded 393 individual grants totaling $1,533,344. 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.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $150,000
Interest on Savings $31
Dividends & Interest $151,301
Net Rental Income$0
Net Gain on Sale of Assets $555,412
Capital Gain Net Income $555,412
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $4,778
Total Revenue $861,522

Grants Awarded

Over the last fiscal year, Gelco Charitable Foundation has awarded $268,500 in support to 51 organizations.

Grant RecipientAmount

QUEEN OF PEACE CATHOLIC SCHOOL

PURPOSE: NEW FACILITIES CONSTRUCTION FUND

$50,000

PROVIDENCE ST VINCENT MEDICAL FOUNDATION

PURPOSE: MULTIPLE SCLEROSIS CENTER

$20,000

JESUIT HIGH SCHOOL

Org PageRecipient Profile

Portland, OR

PURPOSE: FINANCIAL AID FUND

$15,000

CATHOLIC COMMUNITY SERVICES OF THE MID WILLAMETTE

PURPOSE: GENERAL & UNRESTRICTED

$15,000

Notre Dame, IN

PURPOSE: GENERAL & UNRESTRICTED

$12,000

REGIS CATHOLIC HIGH SCHOOL

PURPOSE: GENERAL & UNRESTRICTED

$10,500
View Grant Profile

Peer Organizations

Organization NameAssets
Oberkotter Foundation
Philadelphia, PA
$23,009,013
Pnc Foundation
Pittsburgh, PA
$3,451,991
Peter Alfond Foundation
Bethesda, MD
$129,307,233
Service Coordination Inc
Frederick, MD
$52,158,150
Sarah Scaife Foundation Inc
Pittsburgh, PA
$79,121,296
Prudential Foundation Inc
Newark, NJ
$53,115,847
J Howard Pew Freedom Tr
Philadelphia, PA
$64,346,772
J Willard And Alice S Marriott Foundation
Bethesda, MD
$31,840,539
Mccune Foundation
Pittsburgh, PA
$38,182,239
Aurora Foundation
Wilmington, DE
$34,829,057
Segal Family Foundation Inc
Warren, NJ
$21,683,461
Dietrich Foundation
Pittsburgh, PA
$93,476,192

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