Gilgit Charitable Trust
Gilgit Charitable Trust is a private foundation, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $247K in total assets. In 2024, it awarded 18 grants totaling $29K. Net investment income was $27K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$247K
-1.9% YoY
Annual Giving
$29K
-3.4% YoY
Grant Count
18
-5.3% YoY
Avg Grant Size
$2K
+2.0% YoY
Under IRS private-foundation payout rules, Gilgit Charitable Trust reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.
About Gilgit Charitable Trust
Based on IRS filings
Gilgit Charitable Trust is a private foundation, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $247K in total assets. In 2024, it awarded 18 grants totaling $29K. Net investment income was $27K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $246,639 | $251,381 | $258,043 |
| Revenue | $27,016 | $24,976 | $159,500 |
| Expenses | $31,758 | $31,638 | $21,983 |
| Qualifying Distributions | $31,411 | $31,383 | $21,740 |
| Net Investment Income | $27,016 | $24,976 | $18,352 |
| Distributable Amount | $30,132 | $31,702 | $23,985 |
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
91 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Feed More Inc ($3,500), Health Brigade ($2,000), Boys and Girls Club of Richmond ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MAYMONT FOUNDATION RICHMOND, VA | TREES AND FLOWERS PUBLIC PARK | $1,000 |
| HEALTH BRIGADE RICHMOND, VA | ANNUAL GIVING | $2,000 |
| THE VIRGINIA HOME RICHMOND, VA | ANNUAL GIVING | $1,500 |
| MATTAPONI AND PAMUNKEY RIVERS ASSOC WALKERTON, VA | ANNUAL GIVING | $1,000 |
| FEED MORE INC RICHMOND, VA | ANNUAL GIVING | $3,500 |
| CROSS OVER MINISTRY RICHMOND, VA | ANNUAL GIVING | $1,500 |
| CHILDREN HOME SOCIETY OF VA RICHMOND, VA | ANNUAL GIVING | $1,000 |
| BOYS AND GIRLS CLUB OF RICHMOND RICHMOND, VA | ANNUAL GIVING | $2,000 |
| RISE RICHMOND RICHMOND, VA | ANNUAL GIVING | $1,000 |
| BOAZ AND RUTH RICHMOND, VA | ANNUAL GIVING | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JACK SPAIN JR | TRUSTEE | 1 | — |
| MARY R SPAIN | TRUSTEE | — | — |
| JOHN H SPAIN | TRUSTEE | — | — |
Frequently Asked Questions
How large is Gilgit Charitable Trust?
As of 2024, Gilgit Charitable Trust holds $247K in total assets with $27K in annual revenue. It awarded 18 grants totaling $29K in 2024.
Where does Gilgit Charitable Trust operate?
Gilgit Charitable Trust has awarded grants in Tennessee, Virginia.
What size grants does Gilgit Charitable Trust award?
In 2024, Gilgit Charitable Trust awarded 18 grants totaling $29K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Gilgit Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gilgit Charitable Trust reported a distributable amount of $30K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gilgit Charitable Trust's EIN?
Gilgit Charitable Trust's EIN (Employer Identification Number) is 52-1601996. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gilgit Charitable Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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