Gelco Charitable Foundation
Gelco Charitable Foundation is a private foundation based in Wilmington, Delaware. Its 2023 filing reports grants to charitable organizations, including religious organizations, educational institutions, and other nonprofits.
Gelco Charitable Foundation at a glance
In short: Gelco Charitable Foundation gave $6.3M across 19 grants in 2023 (avg $332K), mostly in Colorado. 19% of 2023 grantees were new. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $6,307,343
- +1722.9% vs 2022
- Grants made (2023)
- 19
- -76.3% vs 2022
- Average grant
- $331,965
- +7575.5% vs 2022
- Median grant
- $5,000
- New grantees (estimate)
- 19% first-time grantees (3 of 16, 2023; small sample)
- Primary geography
- Colorado (99% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Gelco Charitable Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. It reported that its final distribution of an expected $374 tax refund would be made as a grant to a 501(c)(3) public charity in accordance with IRS regulations.
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Gelco Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2023
The largest 2023 recipient was Schwab Charitable Fund ($6.2M across 2 grants). Together the top 10 received $6.3M.
Grant Size Distribution
199 grants across all recorded years
The most common grant size was under $50K: 196 grants of 199 (98%).
Geographic Focus
Where this funder awards grants
The 2023 filing reports that 99% of grant dollars went to recipients in Colorado; listed recipient states with smaller shares were Oregon, Indiana, New York, and Michigan. The largest Colorado grant was to Schwab Charitable Fund in Lone Tree. Other listed recipients were located in states including New York, Michigan, Ohio, Massachusetts, Indiana, Oregon, and Texas.
Grant Distribution by State
Share of 2023 grant dollars across all 19 itemized grants.
States
Cities
Is Gelco Charitable Foundation open to new grantees?
19%
first-time grantees, 2023
In 2023, 3 of 16 grantees (19%) were first-time recipients. With only 16 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $2.1M; repeat grants $5K. How we count
Medians: $10K first-time, $5K repeat.
- 75% of 2023 grantees were also funded in 2022. Method
- Giving grew 3118% from 2020 to 2023. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2023). 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 2023, annual grant giving ranged from $196K (2020) to $6.3M (2023). In 2023 it made 19 grants totaling $6.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Schwab Charitable Fund Lone Tree, CO | General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) | $6,111,592 |
| Schwab Charitable Fund Lone Tree, CO | General & Unrestricted | $110,751 |
| Aid to the Church in Need Inc Brooklyn, NY | General & Unrestricted | $10,000 |
| Encounter Ministries Brighton, MI | Encounter Ministries school PORTLAND OREGON CAMPUS ASCENSION CATHOLIC CHURCH | $10,000 |
| Franciscan University of Steubenville Steubenville, OH | General & Unrestricted | $10,000 |
| The Marian Fathers of the Immaculate Conception of Stockbridge, MA | General & Unrestricted | $10,000 |
| Mary TV Inc Notre Dame, IN | General & Unrestricted | $10,000 |
| Queen of Peace Catholic Church Salem, OR | General & Unrestricted | $6,000 |
| 40 Days for Life Bryan, TX | General & Unrestricted | $5,000 |
| Queen of Peace Catholic School Salem, OR | Charitable Event | $5,000 |
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Financial History
Multi-year comparison from IRS filings
Assets were not provided for 2023 in the available filing data.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $138,630 | $6,374,959 | $6,307,343 | 19 | $6,343,972 | $109,543 | $205,049 |
| 2022 | $6,144,258 | $-474,374 | $425,968 | $346,000 | 80 | $379,210 | $107,574 | $320,651 |
| 2021 | $7,044,600 | $861,522 | $359,855 | $268,500 | 51 | $302,957 | $655,240 | $353,091 |
| 2020 | $6,542,933 | $192,081 | $273,812 | $196,000 | 49 | — | $153,327 | $312,032 |
Under IRS private-foundation payout rules, Gelco Charitable Foundation reported a distributable amount of $205K for 2023 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No foundation mission statement is provided. Its 2023 grants included support for organizations whose own missions span different activities. For example, Encounter Ministries describes its work as teaching, equipping, and activating disciples to demonstrate the love of God through the Holy Spirit. Franciscan University of Steubenville says it provides liberal, professional, and pre-professional higher education. Mary TV describes its mission as streaming live and recorded content from Medjugorje.
Grantmaking
In 2023, the foundation reported 19 grants totaling $6,307,343. Grants ranged from $1,000 to $6,111,592, with a median of $5,000. The largest grant, $6,111,592, went to Schwab Charitable Fund for general and unrestricted purposes and was identified as an in-kind grant. A further $110,751 grant to Schwab Charitable Fund was also listed as general and unrestricted.
Other listed awards included $10,000 each to Aid to the Church in Need, Encounter Ministries, Franciscan University of Steubenville, Marian Fathers of the Immaculate Conception, and Mary TV. The $5,000 grant to 40 Days for Life supported its work, which the organization describes as training and equipping local communities for prayer, outreach, and peaceful vigils offering alternatives to pregnant women.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2023 filing lists James D Monaghan as president, director, and secretary. It lists Kelly Keudell, Kristin McCall, Kevin Monaghan, Lorna Monaghan, and Corinne Raffensperger as vice presidents.
Gelco Charitable Foundation is led by James D Monaghan, President, Director & Secretary on every filing since 2020; none of the 6 officers listed in 2023 report compensation.
Officers on the 2023 filing
James D Monaghan
President, Director & Secretary
On filings since 2020
1 hr/week
No compensation reported
Corinne Raffensperger
Vice President
On filings since 2020
1 hr/week
No compensation reported
Kelly Keudell
Vice President
On filings since 2020
1 hr/week
No compensation reported
Kevin Monaghan
Vice President
On filings since 2020
1 hr/week
No compensation reported
Kristin McCall
Vice President
On filings since 2020
1 hr/week
No compensation reported
Lorna Monaghan
Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "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 Gelco Charitable Foundation
How much does Gelco Charitable Foundation give each year?
Gelco Charitable Foundation gave $6.3M across 19 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $346K across 80 grants.
What is Gelco Charitable Foundation's typical grant size?
Gelco Charitable Foundation's median grant in 2023 was $5,000, and its average grant was $331,965, across 19 grants on its 2023 IRS Form 990-PF. Organizations receiving their first grant from Gelco Charitable Foundation that year got $2.1M on average.
Where does Gelco Charitable Foundation give grants?
Gelco Charitable Foundation gives mostly in Colorado: 99% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Salem, OR (5 grants), Lone Tree, CO (2 grants), Notre Dame, IN (2 grants) and Palm Desert, CA (2 grants).
Does Gelco Charitable Foundation give general operating support?
Yes: 63% of Gelco Charitable Foundation's 2023 grants with a stated purpose (12 of 19) were for general or operating support, per its 2023 IRS Form 990-PF.
Who are Gelco Charitable Foundation's largest grantees?
Gelco Charitable Foundation's largest 2023 grantees include Schwab Charitable Fund ($6,222,343 across 2 grants), Mary TV Inc ($11,000 across 2 grants) and Aid to the Church in Need Inc ($10,000), according to its 2023 IRS Form 990-PF. Together they received 99% of its itemized 2023 grant dollars.
What does Gelco Charitable Foundation fund?
No foundation mission statement is provided. Its 2023 grants included support for organizations whose own missions span different activities. For example, Encounter Ministries describes its work as teaching, equipping, and activating disciples to demonstrate the love of God through the Holy Spirit. See mission & focus areas ↑
How do I apply for a grant from Gelco Charitable Foundation?
The foundation states that it 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 ↑
How much is Gelco Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Gelco Charitable Foundation reported a distributable amount of $205K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gelco Charitable Foundation's EIN?
Gelco Charitable Foundation's EIN (Employer Identification Number) is 20-3818744. IRS Form 990 filing data is available on this page for 2020–2023.
Does Gelco Charitable Foundation 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 September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
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