Gilbert C Swanson Foundation Inc

OMAHA, NE EIN: 47-6024648

The Gilbert C Swanson Foundation Inc is a private independent foundation based in Omaha, Nebraska. Incorporated in 1961 and reorganized in 1988, the foundation operates as a 501(c)(3) tax-exempt organization with EIN 47-6024648.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.3M

+9.2% YoY

Annual Giving

$159K

-4.8% YoY

Grant Count

17

+0.0% YoY

Avg Grant Size

$9K

-4.8% YoY

Under IRS private-foundation payout rules, Gilbert C Swanson Foundation Inc reported a distributable amount of $161K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation provides giving primarily for scholarship funds and educational projects at institutions in Omaha, Nebraska, with a focus on secondary and higher education.

Grantmaking

Based on the most recent IRS Form 990-PF filing (2023), the foundation reported:

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Geographic Focus

Where this funder awards grants

The foundation concentrates its funding on institutions and educational projects in Omaha, Nebraska.

Grant Distribution by State

1states

States

Cities

AshlandBellevueLincolnOmaha

Financial History

Multi-year comparison from IRS filings

As of the 2023 tax year:

  • Total Assets: $3,017,423
  • Total Giving: $167,200
  • Total Revenue: $70,187
  • Total Expenses: $210,000
  • Total Liabilities: $0
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$63K$126K$189K$252K20202021202220232024
Metric202420232022
Total Assets$3,296,441$3,017,423$2,720,606
Revenue$83,442$70,187$18,958
Expenses$213,172$210,241$229,371
Qualifying Distributions$192,689$193,675$211,875
Net Investment Income$64,785$53,621$40,683
Distributable Amount$161,448$137,353$143,034

Giving Over Time

Total grant dollars and number of grants per year

$0$46K$91K$137K$182K17 grants202016 grants202119 grants202217 grants202317 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

COLLEGE OF ST MARY$20KOPEN DOOR MISSION$12KCUES FUND$12KBELLEVUE UNIVERSITY$10KCOLLEGE OF ST MARYS$10KEL MUSEO LATINO$10KNORTHSTAR FOUNDATION$10KOMAHA PUBLIC LIBRARY FOU…$10KOMAHA STREET SCHOOL$10KTHE BAY DBA RABBLE MILL$10K

Grant Size Distribution

86 grants across all recorded years

86<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include College of St Mary ($20,000), Open Door Mission ($12,000), Cues Fund ($12,000).

RecipientPurposeAmount
BELLEVUE UNIVERSITY BELLEVUE, NEACADEMIC MERIT SCHOLARSHIPS$10,000
CHILDRENS SCHOLARSHIP FUND OF OMAHA Omaha, NELOW INCOME FAMILY ELEMENTARY SCHOOL SCHOLARSHIPS$5,000
COLLEGE OF ST MARYS Omaha, NEACADEMIC MERIT SCHOLARSHIPS$10,000
COLLEGE OF ST MARY Omaha, NETHE MOTHERS LIVING AND LEARNING PROGRAM$20,000
DO SPACE Omaha, NESUPPORT OF KID CODERS PROGRAM$9,200
EL MUSEO LATINO Omaha, NESUPPORT OF VISUAL AND PERFORMING ARTS PROGRAM$10,000
NORTHSTAR FOUNDATION Omaha, NESUPPORT OF NORTHSTARS LEADERS TO ACHIEVERS PROGRAM$10,000
OMAHA CONSERVATORY OF MUSIC Omaha, NESUPPORT OF THE SPRING SPROUTS PROGRAM$5,000
OMAHA PUBLIC LIBRARY FOUNDATION Omaha, NESUPPORT OF SUMMER READING PROGRAM$10,000
OMAHA STREET SCHOOL Omaha, NETO HELP UNDERWRITE THE EXPENSE OF PROVID EDUCATION$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

KARA OTOOLEDIRECTOR$24K

From 2024 filing

NameTitleHoursCompensation
AMY TURBESPRESIDENT
TAMARA BORERVICE PRESIDENT
PAUL FITZGIBBONSTREASURER
CATHERINE FRENCH MCGILLSECRETARY
LORRAINE RUSCHDIRECTOR
KARA OTOOLEDIRECTOR5$24,000
TERRY CONNEALYDIRECTOR
LISA STERBADIRECTOR
NICHOLAS WEGNERDIRECTOR

Contact Information

  • Address: PO Box 540515, Omaha, NE 68154-0515
  • Telephone: 402-491-3041

Frequently Asked Questions

What does Gilbert C Swanson Foundation Inc fund?

The foundation provides giving primarily for scholarship funds and educational projects at institutions in Omaha, Nebraska, with a focus on secondary and higher education.

How do I apply for a grant from Gilbert C Swanson Foundation Inc?

Based on the most recent IRS Form 990-PF filing (2023), the foundation reported: • **Total Assets:** $3,017,423 • **Total Giving:** $167,200 • **Revenue (2023):** $70,187 The foundation makes scholarship grants to educational institutions. Recent documented grants include a $10,000 scholarship grant to Bellevue University Foundation (2023).

Where does Gilbert C Swanson Foundation Inc make grants?

The foundation concentrates its funding on institutions and educational projects in Omaha, Nebraska.

What size grants does Gilbert C Swanson Foundation Inc award?

In 2024, Gilbert C Swanson Foundation Inc awarded 17 grants totaling $159K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is Gilbert C Swanson Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Gilbert C Swanson Foundation Inc reported a distributable amount of $161K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Gilbert C Swanson Foundation Inc's EIN?

Gilbert C Swanson Foundation Inc's EIN (Employer Identification Number) is 47-6024648. IRS Form 990 filing data is available on this page for 2020–2024.

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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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