C E Gibbs Memorial Trust Fund

HONESDALE, PA EIN: 23-6496941

C E Gibbs Memorial Trust Fund is a private foundation focused on N/A, based in HONESDALE, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $205K in total assets. In 2024, it awarded 21 grants totaling $34K. Net investment income was $3K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$205K

-11.7% YoY

Annual Giving

$34K

+455.4% YoY

Grant Count

21

+200.0% YoY

Avg Grant Size

$2K

+85.1% YoY

Under IRS private-foundation payout rules, C E Gibbs Memorial Trust Fund reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.

About C E Gibbs Memorial Trust Fund

Based on IRS filings

C E Gibbs Memorial Trust Fund is a private foundation focused on N/A, based in HONESDALE, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $205K in total assets. In 2024, it awarded 21 grants totaling $34K. Net investment income was $3K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

Beach LakeDamascusHonesdaleLake ArielLakewoodPromptonTobyhannaWhite Mills

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$11K$22K$33K$44K20202021202220232024
Metric202420232022
Total Assets$204,711$231,806$233,683
Revenue$12,481$7,655$12,362
Expenses$39,576$9,532$21,643
Qualifying Distributions$34,049$6,131$14,965
Net Investment Income$3,009$4,254$76
Distributable Amount$12,465$12,514$13,670

Giving Over Time

Total grant dollars and number of grants per year

$0$9K$17K$26K$34K5 grants20208 grants20218 grants20227 grants202321 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

BRENDA RAMME$10KMICHAEL ROLOSON$5KNORMAN BOX$4KAUSTIN WOLF$3KDANIEL CORSETTO$3KDANIEL CORSETTO$2KNORMAN BOX$1KMICHAEL HNATKO$1KLYDIA CHAPOLA$1KDANIEL CORSETTO$695

Grant Size Distribution

49 grants across all recorded years

49<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Brenda Ramme ($10,000), Michael Roloson ($5,000), Norman Box ($3,905).

RecipientPurposeAmount
MISTY SAMPSON BEACH LAKE, PAMEDICAL EXPENSES$326
MISTY SAMPSON BEACH LAKE, PAMEDICAL EXPENSES$674
DANIEL CORSETTO HONESDALE, PAAMBULANCE$100
DANIEL CORSETTO HONESDALE, PAINTERNAL BLEEDING, HEART ISSUES$3,155
DANIEL CORSETTO HONESDALE, PAINTERNAL BLEEDING, HEART ISSUES$695
DANIEL CORSETTO HONESDALE, PAHOSPITAL CARE$1,804
DANIEL CORSETTO HONESDALE, PAINTERNAL BLEEDING, HEART ISSUES$266
MARLENE JOHANNES LAKE ARIEL, PAHOSPITAL EXPENSES$23
MARLENE JOHANNES LAKE ARIEL, PAHOSPITAL EXPENSES$184
MARLENE JOHANNES LAKE ARIEL, PAHOSPITAL EXPENSES$295

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
HONESDALE NATIONAL BANK TRUST DEPTTRUST OFFICE

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is C E Gibbs Memorial Trust Fund?

C E Gibbs Memorial Trust Fund is a private foundation focused on N/A, based in HONESDALE, PA. It holds $205K in total assets as of 2024.

How large is C E Gibbs Memorial Trust Fund?

As of 2024, C E Gibbs Memorial Trust Fund holds $205K in total assets with $12K in annual revenue. It awarded 21 grants totaling $34K in 2024.

Where does C E Gibbs Memorial Trust Fund operate?

C E Gibbs Memorial Trust Fund has awarded grants in Pennsylvania.

What size grants does C E Gibbs Memorial Trust Fund award?

In 2024, C E Gibbs Memorial Trust Fund awarded 21 grants totaling $34K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is C E Gibbs Memorial Trust Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, C E Gibbs Memorial Trust Fund reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is C E Gibbs Memorial Trust Fund's EIN?

C E Gibbs Memorial Trust Fund's EIN (Employer Identification Number) is 23-6496941. 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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