Gilmer-Smith Foundation
Gilmer-Smith Foundation is a private foundation, based in Mount Airy, NC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.0M in total assets. In 2025, it awarded 1 grant totaling $100. Net investment income was $31K.
Gilmer-Smith Foundation at a glance
In short: Gilmer-Smith Foundation gave $100 across 1 grant in 2025 (avg $100), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $100
- +0.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $100
- +0.0% vs 2024
- Median grant
- $100
- Total assets
- $1,002,482
- -9.4% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Gilmer-Smith Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Mount Airy Museum of Regional Hist ($100).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Gilmer-Smith Foundation gives
- Giving fell 71% from 2022 to 2025. Method
- In 2025 it paid out 169% 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 2019 to 2025, annual grant giving ranged from $100 (2020) to $600 (2019). In 2025 it made 1 grant totaling $100.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mount Airy Museum of Regional Hist Mount Airy, NC | Educational | $100 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,002,482 | $41,320 | $144,384 | $100 | 1 | $124,081 | $30,534 | $73,257 |
| 2024 | $1,105,932 | $57,242 | $102,786 | $100 | 1 | $82,514 | $36,765 | $75,588 |
| 2023 | $1,152,051 | $44,853 | $101,912 | $100 | 1 | $81,700 | $34,757 | $77,964 |
| 2022 | $1,213,853 | $399,696 | $130,778 | $350 | 2 | $110,804 | $379,336 | $55,580 |
| 2021 | $946,159 | $89,369 | $100,623 | $150 | 2 | — | $68,786 | $51,258 |
| 2020 | $958,142 | $79,969 | $112,697 | $100 | 1 | — | $58,307 | $46,743 |
| 2019 | $991,480 | $95,598 | $123,093 | $600 | 2 | — | $74,283 | $54,222 |
Under IRS private-foundation payout rules, Gilmer-Smith Foundation reported a distributable amount of $73K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Gilmer-Smith Foundation is led by George T Fawcett Jr., Chairman since 2024 (on filings since 2019); all 4 officers listed in 2025 are compensated.
Officers on the 2025 filing
George T Fawcett Jr.
Chairman
Chariman → Chairman, 2024
On filings since 2019
12 hrs/week
$2K (2019) → $2K (2025)
Faith B Ashby
Trustee
On filings since 2019
6 hrs/week
$2K (2019) → $2K (2025)
Paul G Patterson
Trustee
On filings since 2019
6 hrs/week
$1K (2019) → $2K (2025)
Mary C Fawectt
Trustee
On filings since 2024
6 hrs/week
$2K (2024) → $2K (2025)
Former officers (3)
- Former: Mary C Fawcett (2019–2023) — Trustee
- Former: Betty B Patterson (2019) — Trustee
- Former: David J Beal (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $2K, to George T Fawcett Jr (Chairman). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Gilmer-Smith Foundation
How much does Gilmer-Smith Foundation give each year?
Gilmer-Smith Foundation gave $100 across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $100 across 1 grant.
How large is Gilmer-Smith Foundation?
Gilmer-Smith Foundation reported $1.0M in total assets on its 2025 IRS Form 990-PF. It paid out $124K in qualifying distributions that year, against a required minimum of $73K (roughly 5% of its investment assets).
Where does Gilmer-Smith Foundation operate?
Gilmer-Smith Foundation has awarded grants in North Carolina.
What is Gilmer-Smith Foundation's EIN?
Gilmer-Smith Foundation's EIN (Employer Identification Number) is 58-1463411. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 13, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 6, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 15, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 10, 2026)
- IRS filings on file for fiscal years 2019–2025
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