Frank M and Olive F Gilman Foundation
Frank M and Olive F Gilman Foundation is a private foundation focused on Education, based in WEST LEBANON, NH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $32.5M in total assets. In 2024, it awarded 2 grants totaling $2.0M. Net investment income was $2.2M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$32.5M
+0.5% YoY
Annual Giving
$2.0M
+0.5% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$1.0M
+0.5% YoY
Under IRS private-foundation payout rules, Frank M and Olive F Gilman Foundation reported a distributable amount of $1.8M for 2024 — the minimum it must pay out in qualifying distributions.
About Frank M and Olive F Gilman Foundation
Based on IRS filings
Frank M and Olive F Gilman Foundation is a private foundation focused on Education, based in WEST LEBANON, NH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $32.5M in total assets. In 2024, it awarded 2 grants totaling $2.0M. Net investment income was $2.2M.
Focus Areas
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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 | $32,479,859 | $32,303,650 | $33,161,007 |
| Revenue | $2,519,239 | $1,458,468 | $2,127,643 |
| Expenses | $2,343,030 | $2,315,825 | $2,419,885 |
| Qualifying Distributions | $2,049,318 | $2,039,359 | $2,032,744 |
| Net Investment Income | $2,235,710 | $1,182,246 | $1,830,525 |
| Distributable Amount | $1,849,569 | $1,776,263 | $1,866,796 |
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 Vermont Student Asst Corp ($1,290,000), New Hampshire Charitable Foundation ($757,200).
| Recipient | Purpose | Amount |
|---|---|---|
| NEW HAMPSHIRE CHARITABLE FOUNDATION CONCORD, NH | EDUCATIONAL ASSISTANCE | $757,200 |
| VERMONT STUDENT ASST CORP WINOOSKI, VT | EDUCATIONAL ASSISTANCE | $1,290,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ELIZABETH JONES | SECRETARY | — | — |
| BRENDA JONES | TREASURER | — | — |
| REGINALD JONES | PAST PRESIDENT | 2 | — |
| JOSEPH JONES | PRESIDENT | — | — |
| ANDREW JONES | VICE-PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frank M and Olive F Gilman Foundation?
Frank M and Olive F Gilman Foundation is a private foundation focused on Education, based in WEST LEBANON, NH. It holds $32.5M in total assets as of 2024.
How large is Frank M and Olive F Gilman Foundation?
As of 2024, Frank M and Olive F Gilman Foundation holds $32.5M in total assets with $2.5M in annual revenue. It awarded 2 grants totaling $2.0M in 2024.
Where does Frank M and Olive F Gilman Foundation operate?
Frank M and Olive F Gilman Foundation has awarded grants in New Hampshire, Vermont.
What size grants does Frank M and Olive F Gilman Foundation award?
In 2024, Frank M and Olive F Gilman Foundation awarded 2 grants totaling $2.0M — an average of about $1.0M per grant, based on its IRS Form 990 filings.
How much is Frank M and Olive F Gilman Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank M and Olive F Gilman Foundation reported a distributable amount of $1.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frank M and Olive F Gilman Foundation's EIN?
Frank M and Olive F Gilman Foundation's EIN (Employer Identification Number) is 03-0330527. 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.