Galashiels Fund Ltd
Galashiels Fund Ltd is a private foundation established in 1988 and based in Sarasota, Florida. The foundation is named after a town in the Scottish Borders and operates as part of the broader Colburn family philanthropic network. It functions as an independent foundation with a focused, trustee-directed grantmaking approach.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$150.6M
+2.6% YoY
Annual Giving
$15.1M
-6.2% YoY
Grant Count
12
-7.7% YoY
Avg Grant Size
$1.3M
+1.7% YoY
Mission & Focus Areas
The foundation gives primarily for education and public policy research, with additional funding for the arts, with particular emphasis on theater. The foundation also supports charitable gift funds.
Primary funding priorities include:
- Arts & Culture: Performing arts institutions and theater companies
- Music Education: Music education programs and institutions
- Public Policy Research: Libertarian-oriented public policy research and civil liberties advocacy
- Education: Educational institutions and programs
Grantmaking
The foundation makes grants exclusively to preselected charitable organizations identified by the trustees.
Grant Range
$100,000 to $5,000,000
Invitation Only
**: The foundation operates on an invitation-only basis and does not accept unsolicited requests for funds. All grantmaking is trustee-directed with no formal application cycles or programs.
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Geographic Focus
Where this funder awards grants
The foundation has a national geographic focus, with primary grantmaking activity in New York, Illinois, and the District of Columbia.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (as of 2024):
- Total assets: $150,611,966
- Total revenue: $21,114,933
- Total expenses: $18,483,634
- Net income: $2,631,299
- Annual giving: $15,090,250
- Giving rate: Approximately 11% of assets
Historical Assets (2023):
- Total assets: $234,000,000
The foundation maintains significant financial resources with consistent annual distributions to its selected grantees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $150,611,966 | $146,794,859 | $151,090,151 |
| Revenue | $21,114,933 | $15,265,037 | $18,554,628 |
| Expenses | $18,483,634 | $20,037,537 | $20,069,017 |
| Qualifying Distributions | $15,147,430 | $16,130,802 | $13,685,875 |
| Net Investment Income | $17,735,341 | $9,774,655 | $8,922,276 |
| Distributable Amount | $13,110,846 | $10,700,865 | $10,045,099 |
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 2024
Grant Size Distribution
75 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
- Keith W. Colburn: President, Treasurer, and Director
- Betsy P. Colburn: Vice President and Director
- David T. Bradford: Secretary and Director
- Andrea K. Mayes: Assistant Treasurer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID T BRADFORD | SECRETARY/DIRECTOR | 1 | — |
| ANDREA K MAYES | ASSISTANT TREASURER | 1 | — |
| BETSY P COLBURN | VICE PRESIDENT/DIRECTOR | 1 | — |
| KEITH W COLBURN | PRES/TREASURER/DIRECTOR | 1 | — |
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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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