Gilson Family Foundation Inc
- Assets
- $20.8m
- Revenue
- $2.8m
- Investments
- $19.5m
- Employees
- 0
- Location
- Marblehead, MA
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 27-4379483
Organization Overview
Gilson Family Foundation Inc is located in Marblehead, MA. The organization was established in 2011. 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. Gilson Family 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.
Since 2017, Gilson Family Foundation Inc has awarded 162 individual grants totaling $3,859,959. 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
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Spina Schmidt President | 0 | $25,000 | |
Michael J Eschelbacher Clerk | 0 | $16,056 | |
Peter J Spina Director | 0 | $25,000 | |
Lucy Gilson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,503,440 |
| Interest on Savings | $589 |
| Dividends & Interest | $406,804 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$87,900 |
| Capital Gain Net Income | $304,232 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,822,933 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $66,056 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,204 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $504 |
| Printing and publications | $0 |
| Other expenses | $1,320 |
| Total operating and administrative expenses | $124,209 |
| Contributions, gifts, grants paid | $1,157,963 |
| Total expenses and disbursements | $1,282,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,451 |
| Savings and temporary cash investments | $470,121 |
| 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 | $577,577 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,819,872 |
| 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, Gilson Family Foundation Inc has awarded $1,157,963 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN AMPUTEE SOCCER ASSOCIATION PURPOSE: CHARITABLE DONATION | $5,000 |
AMERICAN RED CROSS OF MASSACHUSETTS PURPOSE: CHARITABLE DONATION | $25,000 |
BCC FOUNDATION PURPOSE: CHARITABLE DONATION | $17,550 |
BERKSHIRE BOUNTY PURPOSE: CHARITABLE DONATION | $10,000 |
BERKSHIRE COMMUNITY ACTION COUNCIL PURPOSE: CHARITABLE DONATION | $6,075 |
BERKSHIRE IMMIGRANT CENTER PURPOSE: CHARITABLE DONATION | $2,500 |