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.
Gillespie-Notley Trust at a glance
In short: Gillespie-Notley Trust gave $24K across 7 grants in 2024 (avg $3K), top state Virginia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $23,500
- +327.3% vs 2023
- Grants made (2024)
- 7
- +0.0% vs 2023
- Average grant
- $3,357
- +327.3% vs 2023
- Median grant
- $2,500
- Total assets
- $183,130
- +8.8% vs 2023
- Primary geography
- Virginia (43% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Gillespie-Notley Trust funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Colonial Williamsburg Foundation ($10K). Together the top 7 received $24K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 32 grants of 32 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Gillespie-Notley Trust gives
- Giving grew 203% from 2021 to 2024. Method
- In 2024 it paid out 191% of its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $4K (2022) to $24K (2024). In 2024 it made 7 grants totaling $24K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Colonial Williamsburg Foundation Williamsburg, VA | Help Preserve Williamsburg History | $10,000 |
| Ieee Foundation Piscataway, NJ | STEM and Technology Education Scholarships | $5,000 |
| 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 |
| Barrington Presbyterian Church Barrington, RI | Religious Education | $1,500 |
| Asbury Foundation Gaithersburg, MD | Enhance Quality of Life for Seniors | $1,000 |
| Montgomery Hospice Inc Rockville, MD | Enhance Quality of Life for Seniors | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $183,130 | $39,628 | $24,800 | $23,500 | 7 | $23,500 | $38,328 | $12,333 |
| 2023 | $168,302 | $17,139 | $8,363 | $5,500 | 7 | $5,500 | $14,276 | $10,123 |
| 2022 | $159,526 | $15,365 | $10,572 | $4,250 | 4 | $4,250 | $9,043 | $9,929 |
| 2021 | $154,733 | $20,978 | $9,717 | $7,750 | 7 | $7,750 | $19,878 | $10,610 |
| 2020 | $143,472 | $7,422 | $6,700 | $5,750 | 7 | — | $6,472 | $8,555 |
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.
Leadership & Key People
Officers and directors from IRS filings
Gillespie-Notley Trust's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Lisa L. Gillespie
Trustee
On filings since 2020
No compensation reported
Timothy P. Notley
Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Gillespie-Notley Trust
How much does Gillespie-Notley Trust give each year?
Gillespie-Notley Trust gave $24K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $6K across 7 grants.
What is Gillespie-Notley Trust's typical grant size?
Gillespie-Notley Trust's median grant in 2024 was $2,500, and its average grant was $3,357, across 7 grants on its 2024 IRS Form 990-PF.
Where does Gillespie-Notley Trust give grants?
Gillespie-Notley Trust's top state is Virginia, with 43% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Maryland (30%) and New Jersey (21%). The most frequent recipient cities were Rockville, MD (2 grants).
Does Gillespie-Notley Trust give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on Gillespie-Notley Trust's 2024 IRS Form 990-PF were described as general or operating support.
Who are Gillespie-Notley Trust's largest grantees?
Gillespie-Notley Trust's largest 2024 grantees include Colonial Williamsburg Foundation ($10,000), Ieee Foundation ($5,000) and HCC Foundation Inc ($2,500), according to its 2024 IRS Form 990-PF. Together they received 74% of its itemized 2024 grant dollars.
How large is Gillespie-Notley Trust?
Gillespie-Notley Trust reported $183K in total assets on its 2024 IRS Form 990-PF. It paid out $24K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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