Gelco Charitable Foundation is a private grantmaking foundation based in Wilmington, Delaware. Established in 2005 and granted tax-exempt status in August 2006, the foundation operates as a company-sponsored foundation with a focus on supporting nonprofit organizations across multiple sectors and geographic regions.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$6.3M
+1722.9% YoY
Grant Count
19
-76.3% YoY
Avg Grant Size
$332K
+7575.5% YoY
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.
Mission & Focus Areas
The foundation supports nonprofit organizations involved in:
- Education
- Religion (including Catholic agencies and churches)
- Human Services
- Health Care
- Science
The foundation has demonstrated particular interest in supporting Christian nonprofits, churches, church repairs, and mental health initiatives.
Grantmaking
The foundation contributes only to pre-selected organizations. Applications are not accepted, and no grants are awarded to individuals.
Grant Range
approximately $1,000
Average Grant
approximately $1,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation supports organizations across multiple U.S. states, including:
California, Colorado, Illinois, Indiana, Massachusetts, Michigan, Nebraska, New York, Ohio, Oregon, Texas, and Washington
Primary funding concentrations have been noted in Oregon, Texas, and Indiana.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $6,144,258
- Total Revenue: $138,630
- Total Expenses: $6,374,959
- Total Giving: $6,307,343
Historical Context: The foundation has reported significantly larger assets compared to other nonprofits in Delaware and has consistently reported higher income than average for organizations in the state.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $6,144,258 | $7,044,600 |
| Revenue | $138,630 | $-474,374 | $861,522 |
| Expenses | $6,374,959 | $425,968 | $359,855 |
| Qualifying Distributions | $6,343,972 | $379,210 | $302,957 |
| Net Investment Income | $109,543 | $107,574 | $655,240 |
| Distributable Amount | $205,049 | $320,651 | $353,091 |
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 2023
Grant Size Distribution
168 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Schwab Charitable Fund ($6,111,592), Schwab Charitable Fund ($110,751), Aid to the Church in Need Inc ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 40 DAYS FOR LIFE BRYAN, TX | General & Unrestricted | $5,000 |
| AID TO THE CHURCH IN NEED INC BROOKLYN, NY | General & Unrestricted | $10,000 |
| CATHOLIC DIOCESE OF FORT WORTH FORT WORTH, TX | TCU Newman Center | $3,500 |
| 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 |
| MARIAN FATHERS OF THE IMMACULATE CONCEPTION OF THE STOCKBRIDGE, MA | General & Unrestricted | $10,000 |
| MARY TV INC NOTRE DAME, IN | 800 Club | $1,000 |
| MARY TV INC NOTRE DAME, IN | General & Unrestricted | $10,000 |
| QUEEN OF PEACE CATHOLIC CHURCH SALEM, OR | General & Unrestricted | $6,000 |
| QUEEN OF PEACE CATHOLIC SCHOOL SALEM, OR | Charitable Event | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by a team of six volunteer leaders who serve without compensation:
- James D. Monaghan — President, Director, and Secretary
- Kelly Keudell — Vice President
- Kristin McCall — Vice President
- Kevin Monaghan — Vice President
- Lorna Monaghan — Vice President
- Corinne Raffensperger — Vice President
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kelly Keudell | VP | 1 | — |
| Kristin McCall | VP | 1 | — |
| James D Monaghan | Pres, Dir, Sec | 1 | — |
| Kevin Monaghan | VP | 1 | — |
| Lorna Monaghan | VP | 1 | — |
| Corinne Raffensperger | VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Gelco Charitable Foundation fund?
The foundation supports nonprofit organizations involved in: • **Education** • **Religion** (including Catholic agencies and churches) • **Human Services** • **Health Care** • **Science** The foundation has demonstrated particular interest in supporting Christian nonprofits, churches, church repairs, and mental health initiatives.
How do I apply for a grant from Gelco Charitable Foundation?
**Grant Activity:** • Total giving in 2023: $6,307,343 • Total grants awarded in previous year: 19,089 • Average grant size: approximately $1,000 • Grant range: $500–$6,111,592 • Percentage of new applicants funded: 12% **Application Process:** The foundation contributes only to pre-selected organizations. Applications are not accepted, and no grants are awarded to individuals.
Where does Gelco Charitable Foundation make grants?
The foundation supports organizations across multiple U.S. states, including: California, Colorado, Illinois, Indiana, Massachusetts, Michigan, Nebraska, New York, Ohio, Oregon, Texas, and Washington Primary funding concentrations have been noted in Oregon, Texas, and Indiana.
What size grants does Gelco Charitable Foundation award?
In 2023, Gelco Charitable Foundation awarded 19 grants totaling $6.3M — an average of about $332K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Gelco Charitable Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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