Gailo Trust
- Assets
- $863.8k
- Revenue
- $136.9k
- Investments
- $316.7k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/1964
- Data as of
- 12/2023
- EIN
- 74-6054992
Organization Overview
Gailo Trust is located in Houston, TX. The organization was established in 1964. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gailo Trust 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 12/2023, Gailo Trust generated $136.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $132.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gailo Trust has awarded 328 individual grants totaling $978,824. 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 | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,632 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $100,299 |
| Capital Gain Net Income | $100,299 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $136,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $800 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,490 |
| Contributions, gifts, grants paid | $129,700 |
| Total expenses and disbursements | $132,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $547,135 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $863,838 |
| 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, Gailo Trust has awarded $129,700 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEY THEATRE PURPOSE: ANNUAL COMMITMENT | $10,000 |
AMERICAN LEADERSHIP FORUM PURPOSE: ANNUAL GIVING CAMPAIGN | $1,000 |
AMERICAN LEADERSHIP FORUM PURPOSE: 2023 JOSEPH JAWORSKI LEADERSHIP AWARDS EVENT | $1,000 |
CENTER FOR HOUSTON'S FUTURE PURPOSE: GENERAL SUPPORT | $1,000 |
DAN'S HOUSE OF HOPE PURPOSE: HELPING YOUNG ADULTS FIGHT CANCER MISSION | $1,000 |
DUNHAUNG FOUNDATION PURPOSE: GENERAL OPERATING FUNDS | $1,000 |