David & Lorna Gladstone Foundation
The David & Lorna Gladstone Foundation is a private, family-based foundation located in McLean, Virginia. Established in 2011, the foundation operates as a 501(c)(3) organization with a focus on philanthropic grantmaking. The foundation maintains a lean operational structure with volunteer leadership and no paid staff.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$7.2M
-10.8% YoY
Annual Giving
$432K
+132.8% YoY
Grant Count
54
+8.0% YoY
Avg Grant Size
$8K
+115.5% YoY
Mission & Focus Areas
The foundation's primary focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation concentrates its grantmaking efforts primarily in Virginia, the District of Columbia, and Maryland, though it supports initiatives across 22 U.S. states.
Grantmaking
The foundation has made 54 grants in recent years, with annual giving totaling approximately $180,000–$431,659 depending on the fiscal year. Recent notable grants include:
Grant Range
$200 to $150,000
Average Grant
amount: $7,000–$14,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation supports charitable initiatives across multiple states, including:
- Virginia (primary focus)
- District of Columbia
- Maryland
- Arizona, California, Colorado, Delaware, Florida, Georgia, Massachusetts, Michigan, Minnesota, Missouri, Montana, North Carolina, New Hampshire, New Jersey, New York, Oklahoma, Pennsylvania, Tennessee, Texas, and others
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2025:
- Total Assets: $7.2–$8.1 million
- Total Revenue: $347,839–$349,110
- Total Expenses: $467,990
- Total Liabilities: $5,480
- Annual Giving: $180,000–$431,659
The foundation maintains a giving rate of approximately 2.2% of assets annually. Assets have grown significantly since the foundation's inception in 2011, when they were reported at $3,000.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $7,202,665 | $8,078,389 | $8,476,036 |
| Revenue | $347,839 | $349,110 | $5,023,215 |
| Expenses | $467,990 | $219,428 | $367,064 |
| Qualifying Distributions | $431,659 | $185,450 | $342,520 |
| Net Investment Income | $218,409 | $222,500 | — |
| Distributable Amount | $372,740 | $396,778 | $340,328 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
225 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by a volunteer board with the following key personnel:
- David Gladstone – Chairman, CEO & President
- Lorna Gladstone – Director
- Michael Licalsi – General Counsel, Secretary, and Director
- Terry Brubaker – Executive Vice President and Director
- Laura Gladstone – Director
- Michael Malesardi – Chief Accounting Officer
- John Dellafiora – Chief Compliance Officer
All leadership members serve without compensation.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID GLADSTONE | CHAIRMAN, CEO & PRESIDENT | 1 | — |
| LORNA GLADSTONE | DIRECTOR | 2 | — |
| MICHAEL LICALSI | GENERAL COUNSEL, SEC., AND DIRECTOR | 0.5 | — |
| TERRY BRUBAKER | EVP AND DIRECTOR | 0.25 | — |
| LAURA GLADSTONE | DIRECTOR | 0.25 | — |
| MICHAEL MALESARDI | CHIEF ACCOUNTING OFFICER | 2 | — |
| JOHN DELLAFIORA | CHIEF COMPLIANCE OFFICER | 0.25 | — |
Contact Information
Address: 1521 Westbranch Drive, Suite 100, McLean, VA 22102-3211
Phone: (703) 287-5835
EIN: 90-0705352
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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