Gilmore & Golda Reynolds Foundation
The Gilmore & Golda Reynolds Foundation is a private family foundation established in 1990 in Indiana. Based in Osgood, Indiana, the foundation was created from the estate of Gilmore and Golda Reynolds, who left their entire estate to benefit their hometown and Center Township. The foundation focuses on community volunteer services and local improvement initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$17.4M
-4.1% YoY
Annual Giving
$1.9M
+63.5% YoY
Grant Count
6
+20.0% YoY
Avg Grant Size
$323K
+36.3% YoY
Under IRS private-foundation payout rules, Gilmore & Golda Reynolds Foundation reported a distributable amount of $1.7M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's stated purpose is to support community volunteer services, with a particular emphasis on Center Township and the Town of Osgood, Indiana. Primary funding areas include:
- Community Improvement & Capacity Building
- Community & Neighborhood Development
- Arts, Culture & Humanities
- Philanthropy, Voluntarism & Grantmaking
Grantmaking
The foundation has supported a variety of community infrastructure and improvement projects in Osgood, including park benches, water line repairs, livestock building improvements for the Ripley County Fair, and trail enhancements.
Average Grant
amount: Not specified in available data
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Geographic Focus
Where this funder awards grants
The foundation's giving is primarily concentrated in Indiana, with a specific focus on Osgood and Center Township. The foundation was established to benefit the Town of Osgood and its residents.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $18,146,880
- Total Annual Giving: $1,184,786 (based on 2023 IRS Form 990-PF)
- Estate Value: The foundation was established from an estate valued at approximately $23 million left by Gilmore and Golda Reynolds
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,411,272 | $18,146,880 | $16,893,621 |
| Revenue | $1,496,332 | $2,723,102 | $1,350,381 |
| Expenses | $2,231,940 | $1,469,855 | $1,716,913 |
| Qualifying Distributions | $2,195,301 | $1,420,796 | $1,705,833 |
| Net Investment Income | $1,484,758 | $2,712,450 | $1,339,708 |
| Distributable Amount | $1,732,774 | $1,448,860 | $1,486,218 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
69 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Town of Osgood ($1,030,205), Jac-cen-del Community School ($809,500), Osgood Beautification Mainstreet ($70,080).
| Recipient | Purpose | Amount |
|---|---|---|
| JAC-CEN-DEL COMMUNITY SCHOOL OSGOOD, IN | SCHOOL PROJECTS, AUXILIARY GYM | $809,500 |
| OSGOOD BEAUTIFICATION MAINSTREET OSGOOD, IN | DOWNTOWN PROJECTS | $70,080 |
| TOWN OF OSGOOD OSGOOD, IN | DOWNTOWN PROJECTS, MAINTENANCE | $1,030,205 |
| OSGOOD DAMM THEATRE OSGOOD, IN | OPERATING EXPENSES | $25,058 |
| RIPLEY COUNTY CHAMBER OF COMMERCE VERSAILLES, IN | CHAMBER NIGHT | $5,000 |
| JAC-CEN-DEL COMMUNITY SCHOLARSHIP F OSGOOD, IN | SCHOLARSHIPS | $1,050 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEVE GLOYD | EXEC DIRECTOR | 40 | $142,500 |
| STEPHEN BLACK | President | 4 | $20,000 |
| DWIGHT HOOTEN | Vice President | 4 | $20,000 |
| NEIL COMER | Secretary | 4 | $20,000 |
| DOUGLAS THAYER | Treasurer | 4 | $20,000 |
Recent News & Activity
Recent developments and announcements
As of September 2023, the foundation has funded improvements at the Osgood Trails, with additional improvements planned for the future. The foundation continues to support infrastructure and community development projects throughout Osgood.
Local Foundations Fund Improvements at Osgood TrailsFrequently Asked Questions
What does Gilmore & Golda Reynolds Foundation fund?
The foundation's stated purpose is to support community volunteer services, with a particular emphasis on Center Township and the Town of Osgood, Indiana. Primary funding areas include: • Community Improvement & Capacity Building • Community & Neighborhood Development • Arts, Culture & Humanities • Philanthropy, Voluntarism & Grantmaking
How do I apply for a grant from Gilmore & Golda Reynolds Foundation?
**Grant Activity:** • Total giving (2023): $1,184,786 • Total assets: $18,146,880 • Typical award range: $50–$1,103,852 • Average grant amount: Not specified in available data • Median grant amount: Not specified in available data **Recent Projects Funded:** The foundation has supported a variety of community infrastructure and improvement projects in Osgood, including park benches, water line repairs, livestock building improvements for the Ripley County Fair, and trail enhancements.
Where does Gilmore & Golda Reynolds Foundation make grants?
The foundation's giving is primarily concentrated in Indiana, with a specific focus on Osgood and Center Township. The foundation was established to benefit the Town of Osgood and its residents.
What size grants does Gilmore & Golda Reynolds Foundation award?
In 2024, Gilmore & Golda Reynolds Foundation awarded 6 grants totaling $1.9M — an average of about $323K per grant, based on its IRS Form 990 filings.
How much is Gilmore & Golda Reynolds Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gilmore & Golda Reynolds Foundation reported a distributable amount of $1.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gilmore & Golda Reynolds Foundation's EIN?
Gilmore & Golda Reynolds Foundation's EIN (Employer Identification Number) is 35-6525698. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gilmore & Golda Reynolds Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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