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 2019 through 2025. As of 2025, the organization holds $33.8M in total assets. In 2025, it awarded 2 grants totaling $2.1M. Net investment income was $3.5M.
Frank M and Olive F Gilman Foundation at a glance
In short: Frank M and Olive F Gilman Foundation gave $2.1M across 2 grants in 2025 (avg $1.1M), mostly in Vermont. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,139,200
- +4.5% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $1,069,600
- +4.5% vs 2024
- Median grant
- $1,069,600
- Total assets
- $33,786,135
- +4.0% vs 2024
- Primary geography
- Vermont (63% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Frank M and Olive F Gilman Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Vermont Student Asst Corp ($1.4M). Together the top 2 received $2.1M.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $500K–1M range: 5 grants of 10 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Frank M and Olive F Gilman Foundation gives
- Giving held roughly steady from 2022 to 2025 (+5%). Method
- In 2025 it paid out 112% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $2.0M (2019) to $2.1M (2025). In 2025 it made 2 grants totaling $2.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vermont Student Asst Corp Winooski, VT | Educational Assistance | $1,350,000 |
| New Hampshire Charitable Foundation Concord, NH | Educational Assistance | $789,200 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $33,786,135 | $3,771,650 | $2,465,374 | $2,139,200 | 2 | $2,141,639 | $3,491,833 | $1,909,530 |
| 2024 | $32,479,859 | $2,519,239 | $2,343,030 | $2,047,200 | 2 | $2,049,318 | $2,235,710 | $1,849,569 |
| 2023 | $32,303,650 | $1,458,468 | $2,315,825 | $2,037,200 | 2 | $2,039,359 | $1,182,246 | $1,776,263 |
| 2022 | $33,161,007 | $2,127,643 | $2,419,885 | $2,031,200 | 2 | $2,032,744 | $1,830,525 | $1,866,796 |
| 2021 | $33,453,249 | $3,949,381 | $2,313,335 | $1,981,200 | 2 | $1,984,631 | $3,627,535 | $1,914,527 |
| 2020 | $31,817,203 | $1,071,040 | $2,281,509 | $1,981,200 | 2 | — | $781,152 | $1,870,019 |
| 2019 | $33,027,672 | $1,776,596 | $2,276,832 | $1,977,200 | 2 | — | $1,482,076 | $1,896,873 |
Under IRS private-foundation payout rules, Frank M and Olive F Gilman Foundation reported a distributable amount of $1.9M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Frank M and Olive F Gilman Foundation is led by Joseph Jones, President since 2023 (on filings since 2019); none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Joseph Jones
President
Vice President → President, 2023
On filings since 2019
0.5 hrs/week
No compensation reported
Brenda Jones
Treasurer
On filings since 2019
0.3 hrs/week
No compensation reported
Elizabeth Jones
Secretary
On filings since 2019
0.3 hrs/week
No compensation reported
Reginald Jones
Past President
President → Past President, 2023
On filings since 2019
0.3 hrs/week
No compensation reported
Andrew Jones
Vice President
On filings since 2023
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Frank M and Olive F Gilman Foundation
How much does Frank M and Olive F Gilman Foundation give each year?
Frank M and Olive F Gilman Foundation gave $2.1M across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.0M across 2 grants.
How large is Frank M and Olive F Gilman Foundation?
Frank M and Olive F Gilman Foundation reported $33.8M in total assets on its 2025 IRS Form 990-PF. It paid out $2.1M in qualifying distributions that year, against a required minimum of $1.9M (roughly 5% of its investment assets).
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 $33.8M in total assets as of 2025.
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 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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 1, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Frank M and Olive F Gilman Foundation funds
Education Open opportunities, soonest deadline first.
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Browse active grant opportunities in Frank M and Olive F Gilman Foundation's focus areas in our free grants database
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