Galashiels Fund Ltd
Galashiels Fund Ltd is a private foundation based in Sarasota, Florida. Its 2024 filing reports grants to 12 charitable organizations totaling $15,090,250, including organizations working in public policy, education, conservation, health, and outdoor recreation.
Galashiels Fund Ltd at a glance
In short: Galashiels Fund Ltd gave $15.1M across 12 grants in 2024 (avg $1.3M), top state Virginia. 17% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $15,090,250
- -6.2% vs 2023
- Grants made (2024)
- 12
- -7.7% vs 2023
- Average grant
- $1,257,521
- +1.7% vs 2023
- Median grant
- $1,000,000
- Total assets
- $150,611,966
- +2.6% vs 2023
- New grantees (estimate)
- 17% first-time grantees (2 of 12, 2024; small sample)
- Primary geography
- Virginia (33% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Galashiels Fund Ltd
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 1990 Main St Suite 750, Sarasota, FL 34236
Phone: (847) 480-4690
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Galashiels Fund Ltd funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Institute for Justice ($5.0M). Together the top 10 received $14.9M.
Grant Size Distribution
75 grants across all recorded years
The most common grant size was in the $1–5M range: 34 grants of 75 (45%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars went primarily to recipients in Virginia (33%), Illinois (23%), and California (14%), followed by the District of Columbia and New York (8% each).
Grant Distribution by State
Share of 2024 grant dollars across all 12 itemized grants.
Cities
Is Galashiels Fund Ltd open to new grantees?
17%
first-time grantees, 2024
In 2024, 2 of 12 grantees (17%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $1M; repeat grants $1.3M. How we count
Medians: $1M first-time, $878K repeat.
- 75% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+6%). Method
- In 2024 it paid out 116% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $10.4M (2020) to $16.1M (2023). In 2024 it made 12 grants totaling $15.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Institute for Justice Arlington, VA | Annual Support | $5,000,000 |
| World Bicycle Relief Chicago, IL | Annual Support | $2,209,250 |
| Challenged Athletes Foundation San Diego, CA | Endowment and Annual Support | $2,100,000 |
| Holy Family Ministries Northbrook, IL | Endowment and Annual Support | $1,300,000 |
| Cato Institute Washington, DC | Annual Support | $1,000,000 |
| Cristo Ray Jesuit High School Minneapolis, MN | Annual Support | $1,000,000 |
| Greater Education Opportunities Foundation Indianapolis, IN | Annual Support | $1,000,000 |
| Wild Tomorrow Fund New York, NY | Annual Support | $756,000 |
| Beginning with Children Foundation Brooklyn, NY | Annual Support | $250,000 |
| Rails to Trails Conservancy Washington, DC | Annual Support | $250,000 |
Ready to take the next step with Galashiels Fund Ltd?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $150,611,966 | $21,114,933 | $18,483,634 | $15,090,250 | 12 | $15,147,430 | $17,735,341 | $13,110,846 |
| 2023 | $146,794,859 | $15,265,037 | $20,037,537 | $16,082,000 | 13 | $16,130,802 | $9,774,655 | $10,700,865 |
| 2022 | $151,090,151 | $18,554,628 | $20,069,017 | $13,645,000 | 13 | $13,685,875 | $8,922,276 | $10,045,099 |
| 2021 | $154,593,436 | $48,314,988 | $16,460,726 | $14,265,000 | 16 | $14,289,625 | $22,556,943 | $9,972,854 |
| 2020 | $122,742,296 | $23,856,789 | $12,738,181 | $10,439,301 | 21 | — | $6,214,062 | $7,835,991 |
Under IRS private-foundation payout rules, Galashiels Fund Ltd reported a distributable amount of $13.1M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for organizations with varied missions. The Institute for Justice describes its work as advancing individual liberties through litigation, training, communication, activism, and research. Holy Family Ministries says it provides academic, spiritual, and leadership opportunities for children and adults from underserved Chicago neighborhoods. The Cato Institute describes its mission as advancing individual liberty, limited government, free markets, and peace in public policy.
Other grantees describe work in student academic pathways and social mobility (Greater Education Opportunities Foundation), protecting threatened species and habitats in Southern Africa (Wild Tomorrow Fund), connecting communities through trails (Rails to Trails Conservancy), improving public education opportunities for urban children in New York (Beginning With Children Foundation), and advancing science, medicine, and health care (Icahn School of Medicine at Mount Sinai).
Grantmaking
In 2024, the foundation reported 12 grants totaling $15,090,250. Grants ranged from $100,000 to $5,000,000, with a median of $1,000,000. The largest awards included $5,000,000 to the Institute for Justice for annual support, $2,209,250 to World Bicycle Relief for annual support, and $2,100,000 to the Challenged Athletes Foundation for endowment and annual support. Holy Family Ministries received $1,300,000 for endowment and annual support.
Other grants included $1,000,000 each to the Cato Institute, an individual recipient Jesuit High School, and Greater Education Opportunities Foundation; $756,000 to Wild Tomorrow Fund; and $250,000 each to Beginning With Children Foundation and Rails to Trails Conservancy.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Keith W. Colburn as president, treasurer, and director; Betsy P. Colburn as vice president and director; David T. Bradford as secretary and director; and Andrea K. Mayes as assistant treasurer.
Galashiels Fund Ltd is led by Keith W. Colburn, President, Treasurer & Director on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Keith W. Colburn
President, Treasurer & Director
On filings since 2020
1 hr/week
No compensation reported
Betsy P. Colburn
Vice President & Director
On filings since 2020
1 hr/week
No compensation reported
David T. Bradford
Secretary & Director
On filings since 2020
1 hr/week
No compensation reported
Andrea K. Mayes
Assistant Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Galashiels Fund Ltd
How much does Galashiels Fund Ltd give each year?
Galashiels Fund Ltd gave $15.1M across 12 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $16.1M across 13 grants.
What is Galashiels Fund Ltd's typical grant size?
Galashiels Fund Ltd's median grant in 2024 was $1,000,000, and its average grant was $1,257,521, across 12 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Galashiels Fund Ltd that year got $1M on average.
Where does Galashiels Fund Ltd give grants?
Galashiels Fund Ltd's top state is Virginia, with 33% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Illinois (23%) and California (14%). The most frequent recipient cities were New York, NY (3 grants) and Washington, DC (2 grants).
Does Galashiels Fund Ltd give general operating support?
Not in 2024: none of the 12 grants with a stated purpose on Galashiels Fund Ltd's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Annual Support" (10 grants).
Who are Galashiels Fund Ltd's largest grantees?
Galashiels Fund Ltd's largest 2024 grantees include Institute for Justice ($5,000,000), World Bicycle Relief ($2,209,250) and Challenged Athletes Foundation ($2,100,000), according to its 2024 IRS Form 990-PF. Together they received 62% of its itemized 2024 grant dollars.
How large is Galashiels Fund Ltd?
Galashiels Fund Ltd reported $150.6M in total assets on its 2024 IRS Form 990-PF. It paid out $15.1M in qualifying distributions that year, against a required minimum of $13.1M (roughly 5% of its investment assets).
What does Galashiels Fund Ltd fund?
No mission statement for the foundation is provided. Its 2024 grants show support for organizations with varied missions. The Institute for Justice describes its work as advancing individual liberties through litigation, training, communication, activism, and research. See mission & focus areas ↑
How do I apply for a grant from Galashiels Fund Ltd?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Galashiels Fund Ltd's EIN?
Galashiels Fund Ltd's EIN (Employer Identification Number) is 94-3059858. IRS Form 990 filing data is available on this page for 2020–2024.
Does Galashiels Fund Ltd accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Galashiels Fund Ltd funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/galashiels-fund-ltd-morg_8d48bcbe187342c5a0eab2e79ebb727c
BibTeX
@misc{grantable_943059858_2026,
author = {{Grantable}},
title = {{Galashiels Fund Ltd funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/galashiels-fund-ltd-morg_8d48bcbe187342c5a0eab2e79ebb727c},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Galashiels Fund Ltd's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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