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.
Key facts about David & Lorna Gladstone Foundation
- EIN
- 90-0705352
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $431,659
- Grants made (2025)
- 54
- Average grant
- $7,994
- Median grant
- $2,500
- New grantees (estimate)
- 28% first-time grantees (15 of 54, 2025)
- Total assets
- $7,202,665
- Primary geography
- District of Columbia (52% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation operates on a preselected grantee basis only and does not accept unsolicited applications. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who David & Lorna Gladstone Foundation funds
By grant dollars, the top recipient states for David & Lorna Gladstone Foundation's 54 itemized 2025 grants were District of Columbia (52%), Virginia (18%) and Connecticut (7%). The most frequent recipient cities were Washington, DC (14 grants), Baltimore, MD (3 grants), Bristow, VA (2 grants) and Saratoga Springs, NY (2 grants). None of its 54 grants with a stated purpose were described as general or operating support. Recurring purposes include "Carrying on Charitable Purposes of Exempt Organization" (54 grants).
Is David & Lorna Gladstone Foundation open to new grantees?
28%
first-time grantees, 2025
In 2025, 15 of 54 grantees (28%) were first-time recipients. First grants averaged $3K; repeat grants $10K. How we count
Medians: $1K first-time, $3K repeat.
- 59% of 2025 grantees were also funded in 2024. Method
- Giving grew 46% from 2022 to 2025. Method
- In 2025 it paid out 116% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with David & Lorna Gladstone Foundation
- How to evaluate David & Lorna Gladstone Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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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
Under IRS private-foundation payout rules, David & Lorna Gladstone Foundation reported a distributable amount of $373K for 2025 — the minimum it must pay out in qualifying distributions.
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
Grant Range
$200 to $150,000
Average Grant
amount: $7,000–$14,000
How to Apply
**
Ready to take the next step with David & Lorna Gladstone Foundation?
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
Share of all 54 itemized 2025 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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
230 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include White House Historical Association ($150,000), The Order of St John ($33,818), Brunswick School ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WHITE HOUSE HISTORICAL ASSOCIATION Washington, DC | CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $150,000 |
| THE ORDER OF ST JOHN Washington, DC | CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $33,818 |
| BRUNSWICK SCHOOL Greenwich, CT | CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $30,000 |
| YOUTH FOR TOMORROW Bristow, VA | CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $27,091 |
| AMERICANS IN WARTIME Bristow, VA | CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $20,000 |
| THOROUGHBRED RETIREMENT FOUNDATION Saratoga Springs, NY | CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $15,000 |
| BILLY GRAHAM EVANGELISTIC ASSOCIATION Charlotte, NC | CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $11,000 |
| BRAIN TUMOR NETWORK Ponte Vedra Beach, FL | CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $10,000 |
| JOHNS HOPKINS OFFICE OF MEDICAL ANNUAL GIVING Baltimore, MD | CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $10,000 |
| THE WILMER EYE INSTITUTE JOHNS HOPKINS MEDICINE Baltimore, MD | CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $10,000 |
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
No officer or director reported compensation in the available filings.
From 2025 IRS 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
Frequently Asked Questions
What does David & Lorna Gladstone Foundation fund?
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.
How do I apply for a grant from David & Lorna Gladstone Foundation?
The foundation operates on a preselected grantee basis only and does not accept unsolicited applications. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does David & Lorna Gladstone Foundation make 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
What size grants does David & Lorna Gladstone Foundation award?
In 2025, David & Lorna Gladstone Foundation awarded 54 grants totaling $432K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is David & Lorna Gladstone Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, David & Lorna Gladstone Foundation reported a distributable amount of $373K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is David & Lorna Gladstone Foundation's EIN?
David & Lorna Gladstone Foundation's EIN (Employer Identification Number) is 90-0705352. IRS Form 990 filing data is available on this page for 2021–2025.
Does David & Lorna Gladstone Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.