Gillespie-notley Trust

GAITHERSBURG, MD EIN: 61-6285994

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

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maryland $23K (48%)

Virginia $16K (33%)

New Jersey $5K (11%)

Rhode Island $3K (7%)

New York $500 (1%)

States

Maryland New Jersey New York Rhode Island Virginia

Cities

ArlingtonBarringtonBrooklynGaithersburgHagerstownPiscatawayRockvilleWilliamsburg

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.