Gillespie-notley Trust
Gillespie-notley Trust is a private foundation, based in GAITHERSBURG, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $183K in total assets. In 2024, it awarded 7 grants totaling $24K. Net investment income was $38K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$183K
+8.8% YoY
Annual Giving
$24K
+327.3% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$3K
+327.3% YoY
Under IRS private-foundation payout rules, Gillespie-notley Trust reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
About Gillespie-notley Trust
Based on IRS filings
Gillespie-notley Trust is a private foundation, based in GAITHERSBURG, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $183K in total assets. In 2024, it awarded 7 grants totaling $24K. Net investment income was $38K.
Ready to take the next step with Gillespie-notley Trust?
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 | $183,130 | $168,302 | $159,526 |
| Revenue | $39,628 | $17,139 | $15,365 |
| Expenses | $24,800 | $8,363 | $10,572 |
| Qualifying Distributions | $23,500 | $5,500 | $4,250 |
| Net Investment Income | $38,328 | $14,276 | $9,043 |
| Distributable Amount | $12,333 | $10,123 | $9,929 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Colonial Williamsburg Foundation ($10,000), Ieee Foundation ($5,000), Hcc Foundation Inc ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ASBURY FOUNDATION GAITHERSBURG, MD | ENHANCE QUALITY OF LIFE FOR SENIORS | $1,000 |
| BARRINGTON PRESBYTERIAN CHURCH BARRINGTON, RI | RELIGIOUS EDUCATION | $1,500 |
| COLONIAL WILLIAMSBURG FOUNDATION WILLIAMSBURG, VA | HELP PRESERVE WILLIAMSBURG HISTORY | $10,000 |
| HCC FOUNDATION INC HAGERSTOWN, MD | PROVIDE SCHOLARSHIPS FOR NEEDY STUDENTS | $2,500 |
| MONTGOMERY COLLEGE FOUNDATION INC ROCKVILLE, MD | PROVIDE SCHOLARSHIPS FOR NEEDY STUDENTS | $2,500 |
| MONTGOMERY HOSPICE INC ROCKVILLE, MD | ENHANCE QUALITY OF LIFE FOR SENIORS | $1,000 |
| IEEE FOUNDATION PISCATAWAY, NJ | STEM AND TECHNOLOGY EDUCATION SCHOLARSHIPS | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LISA L GILLESPIE | TRUSTEE | — | — |
| TIMOTHY P NOTLEY | TRUSTEE | — | — |
Frequently Asked Questions
How large is Gillespie-notley Trust?
As of 2024, Gillespie-notley Trust holds $183K in total assets with $40K in annual revenue. It awarded 7 grants totaling $24K in 2024.
Where does Gillespie-notley Trust operate?
Gillespie-notley Trust has awarded grants in Maryland, New Jersey, New York, Rhode Island, Virginia.
What size grants does Gillespie-notley Trust award?
In 2024, Gillespie-notley Trust awarded 7 grants totaling $24K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Gillespie-notley Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gillespie-notley Trust reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gillespie-notley Trust's EIN?
Gillespie-notley Trust's EIN (Employer Identification Number) is 61-6285994. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gillespie-notley Trust's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
Ge Aerospace Foundation
NORWALK, CT
Assets
$22.5M
Grants
2,467
Total Given
$15.3M
The Phase Foundation
GERMANTOWN, MD
Assets
$3.7M
Grants
31
Total Given
$300K
T Rowe Price Program for Charitable
BALTIMORE, MD
Assets
$648.3M
Grants
2,900
Total Given
$132.5M
Ibm International Foundation
ARMONK, NY
Assets
$357.7M
Grants
16
Total Given
$11.7M
Texas Instruments Foundation
DALLAS, TX
Assets
$73.0M
Grants
4,484
Total Given
$22.6M
The Winston-Salem Foundation
WINSTONSALEM, NC
Assets
$630.1M
Grants
823
Total Given
$88.8M
The Chicago Community Trust
CHICAGO, IL
Assets
$6.0B
Grants
3,976
Total Given
$1.4B
The Blackbaud Giving Fund
CHARLESTON SC, SC
Assets
$52.7M
Grants
1,860
Total Given
$41.4M
The Martin Family Charitable Foundation Inc
WILMINGTON, DE
Assets
$1.4M
Grants
81
Total Given
$88K
More Funders in Maryland
Data last updated April 2026. Sourced from IRS Form 990-PF filings.