Boynton Gillespie Memorial Funds
Boynton Gillespie Memorial Funds is a private foundation, based in SPARTA, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 2 grants totaling $99K. Net investment income was $98K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
+1.2% YoY
Annual Giving
$99K
-11.1% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$49K
-11.1% YoY
Under IRS private-foundation payout rules, Boynton Gillespie Memorial Funds reported a distributable amount of $114K for 2024 — the minimum it must pay out in qualifying distributions.
About Boynton Gillespie Memorial Funds
Based on IRS filings
Boynton Gillespie Memorial Funds is a private foundation, based in SPARTA, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 2 grants totaling $99K. Net investment income was $98K.
Ready to take the next step with Boynton Gillespie Memorial Funds?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,368,941 | $2,341,129 | $2,251,922 |
| Revenue | $124,780 | $45,315 | $141,783 |
| Expenses | $146,036 | $152,635 | $131,007 |
| Qualifying Distributions | $119,026 | $131,049 | $122,575 |
| Net Investment Income | $97,770 | $91,281 | $133,351 |
| Distributable Amount | $113,675 | $109,305 | $113,717 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include College Students-see List ($49,600), Trinity United Presbyterian Church ($49,000).
| Recipient | Purpose | Amount |
|---|---|---|
| TRINITY UNITED PRESBYTERIAN CHURCH SPARTA, IL | UNRESTRICTED | $49,000 |
| COLLEGE STUDENTS-SEE LIST SPARTA, IL | UNRESTRICTED | $49,600 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN CLENDENIN | TRUSTEE | 3 | $6,700 |
| RICHARD REID | TRUSTEE | 1 | $6,700 |
| GEORGEANN HENDERSON | TRUSTEE | 1 | $6,700 |
Frequently Asked Questions
How large is Boynton Gillespie Memorial Funds?
As of 2024, Boynton Gillespie Memorial Funds holds $2.4M in total assets with $125K in annual revenue. It awarded 2 grants totaling $99K in 2024.
Where does Boynton Gillespie Memorial Funds operate?
Boynton Gillespie Memorial Funds has awarded grants in Illinois.
What size grants does Boynton Gillespie Memorial Funds award?
In 2024, Boynton Gillespie Memorial Funds awarded 2 grants totaling $99K — an average of about $49K per grant, based on its IRS Form 990 filings.
How much is Boynton Gillespie Memorial Funds required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Boynton Gillespie Memorial Funds reported a distributable amount of $114K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Boynton Gillespie Memorial Funds's EIN?
Boynton Gillespie Memorial Funds's EIN (Employer Identification Number) is 37-6028930. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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