Gholson Family Foundation Inc
Gholson Family Foundation Inc is a private foundation, based in The Villages, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $269K in total assets. In 2025, it awarded 4 grants totaling $8K. Net investment income was $6K.
Gholson Family Foundation Inc at a glance
In short: Gholson Family Foundation Inc gave $8K across 4 grants in 2025 (avg $2K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $7,500
- -11.8% vs 2024
- Grants made (2025)
- 4
- -20.0% vs 2024
- Average grant
- $1,875
- +10.3% vs 2024
- Median grant
- $1,000
- Total assets
- $269,280
- +9.8% vs 2024
- Primary geography
- California (67% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Gholson Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was First UMC of Palo Alto ($5K). Together the top 4 received $8K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 23 grants of 23 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Gholson Family Foundation Inc gives
- Giving fell 25% from 2022 to 2025. Method
- In 2025 it paid out 59% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $8K (2025) to $11K (2023). In 2025 it made 4 grants totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First UMC of Palo Alto Palo Alto, CA | Operations Support | $5,000 |
| Commission Ministers Network Kerrville, TX | Operations Support | $1,000 |
| CRU Orlando, FL | Operation Support | $1,000 |
| August Gate Church Belleville, IL | Operations Support | $500 |
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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 | $269,280 | $31,030 | $13,474 | $7,500 | 4 | $7,500 | $5,829 | $12,712 |
| 2024 | $245,299 | $21,695 | $12,436 | $8,500 | 5 | $8,500 | $5,694 | $12,032 |
| 2023 | $233,654 | $9,545 | $15,437 | $11,000 | 6 | $11,000 | $2,794 | $11,096 |
| 2022 | $218,542 | $6,752 | $10,753 | $10,000 | 4 | $10,753 | $15,009 | $11,377 |
| 2021 | $269,401 | $15,613 | $13,768 | $10,000 | 4 | $13,768 | $10,350 | $12,811 |
| 2020 | $248,791 | $7,153 | $14,061 | $10,000 | 4 | — | $6,192 | $10,894 |
| 2019 | $234,689 | $8,452 | $14,097 | $10,050 | 6 | — | $4,605 | $10,820 |
Under IRS private-foundation payout rules, Gholson Family Foundation Inc reported a distributable amount of $13K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Gholson Family Foundation Inc is led by Sheila Gholson, President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Sheila Gholson
President
On filings since 2019
1 hr/week
No compensation reported
Eric Costello
Secretary
On filings since 2019
1 hr/week
No compensation reported
Sheryl Costello
Treasurer
On filings since 2019
1 hr/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 Gholson Family Foundation Inc
How much does Gholson Family Foundation Inc give each year?
Gholson Family Foundation Inc gave $8K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $9K across 5 grants.
What is Gholson Family Foundation Inc's typical grant size?
Gholson Family Foundation Inc's median grant in 2025 was $1,000, and its average grant was $1,875, across 4 grants on its 2025 IRS Form 990-PF.
Where does Gholson Family Foundation Inc give grants?
Gholson Family Foundation Inc gives mostly in California: 67% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Texas (13%) and Florida (13%).
Does Gholson Family Foundation Inc give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Gholson Family Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Operations Support" (3 grants).
How large is Gholson Family Foundation Inc?
Gholson Family Foundation Inc reported $269K in total assets on its 2025 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $13K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Gholson Family Foundation Inc's EIN?
Gholson Family Foundation Inc's EIN (Employer Identification Number) is 20-2579923. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 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 August 27, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 1, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Gholson Family Foundation Inc funds
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