David And Lorna Gladstone Foundation
- Assets
- $4.9m
- Revenue
- $200.0k
- Investments
- $4.8m
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 09/2011
- Data as of
- 06/2022
- EIN
- 90-0705352
Organization Overview
David And Lorna Gladstone Foundation is located in Mclean, VA. The organization was established in 2011. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. David And Lorna Gladstone 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 06/2022, David And Lorna Gladstone Foundation generated $200.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $321.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, David And Lorna Gladstone Foundation has awarded 120 individual grants totaling $814,150. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorna Gladstone Director | 2 | $0 | |
David Gladstone Cfo, President And Director | 1 | $0 | |
Terry Brubaker Evp And Director | 0.25 | $0 | |
John Dellafiora Chief Compliance Officer | 0.25 | $0 | |
Michael Malesardi Chief Accounting Officer | 2 | $0 | |
Michael Licalsi General Counsel And Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $6 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $200,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $726 |
| Total operating and administrative expenses | $25,112 |
| Contributions, gifts, grants paid | $296,350 |
| Total expenses and disbursements | $321,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,849 |
| 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 | $4,773,264 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,872,113 |
| 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 | $2,592 |
| Total liabilities | $2,592 |
Grants Awarded
Over the last fiscal year, David And Lorna Gladstone Foundation has awarded $296,550 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
Greenwich, CT PURPOSE: CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $26,000 |
Washington, DC PURPOSE: CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $20,000 |
NATIONAL RIFLE ASSOC FOUNDATION PURPOSE: CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $20,000 |
Washington, DC PURPOSE: CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $20,000 |
JOHNS HOPKINS UNIVERSITY - SHERIDAN LIBRARIES PURPOSE: CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $17,700 |
Saratoga Springs, NY PURPOSE: CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $17,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morris And Gwendolyn Cafritz Foundation Washington, DC | $0 | $65,532,545 |
Burroughs Wellcome Fund Research Triangle Park, NC | $946,804,754 | $86,337,046 |
Dollywood Foundation Pigeon Forge, TN | $23,282,143 | $42,750,755 |
Sherman Fairchild Foundation Inc Chevy Chase, MD | $608,781,139 | $70,437,193 |
Blue Cross And Blue Shield Of North Carolina Foundation Durham, NC | $253,862,813 | $27,558,288 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |