Golay Foundation Inc
Golay Foundation Inc is a private foundation, based in Carmel, IN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 4 grants totaling $260K. Net investment income was $128K.
Golay Foundation Inc at a glance
In short: Golay Foundation Inc gave $260K across 4 grants in 2024 (avg $65K), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $260,000
- -14.8% vs 2023
- Grants made (2024)
- 4
- -20.0% vs 2023
- Average grant
- $65,000
- +6.6% vs 2023
- Median grant
- $8,750
- Total assets
- $4,066,119
- -3.3% vs 2023
- Primary geography
- Indiana (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Golay Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Golay Community Center ($240K). Together the top 4 received $260K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 24 grants of 29 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How Golay Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (+1%). Method
- In 2024 it paid out 104% 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 2024, annual grant giving ranged from $212K (2022) to $305K (2023). In 2024 it made 4 grants totaling $260K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Golay Community Center Cambridge City, IN | Cash for Operations | $240,000 |
| Girls Inc of Wayne CO Richmond, IN | Cash for Operations | $10,000 |
| Anderson University Women's Lacrosse Anderson, IN | Cash for Operations | $7,500 |
| Riverside Cemetery Noblesville, IN | Cash for Operations | $2,500 |
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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 | $4,066,119 | $183,918 | $320,415 | $260,000 | 4 | $276,888 | $128,162 | $267,459 |
| 2023 | $4,203,201 | $247,056 | $361,246 | $305,000 | 5 | $322,813 | $194,788 | $254,096 |
| 2022 | $4,317,859 | $161,342 | $266,694 | $211,500 | 7 | $228,353 | $126,154 | $270,675 |
| 2021 | $4,448,721 | $296,532 | $317,254 | $257,500 | 8 | $296,188 | $279,351 | $289,091 |
| 2020 | $4,469,443 | $224,603 | $322,045 | $267,500 | 5 | — | $210,452 | $250,688 |
| 2019 | $4,566,885 | $303,501 | $265,976 | $215,000 | 5 | — | $289,961 | $261,289 |
Under IRS private-foundation payout rules, Golay Foundation Inc reported a distributable amount of $267K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Golay Foundation Inc is led by Nancy Jarosinski, President, Secretary & Treasurer on every filing since 2019; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Nancy Jarosinski
President, Secretary & Treasurer
On filings since 2019
5 hrs/week
$15K (2019) → $12K (2024)
Betty Crim
Vice President
On filings since 2019
1 hr/week
No compensation reported
Jennifer Robinson
Member
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $12K, to Nancy Jarosinski (President/Secretary/Treasu).
Frequently asked questions about Golay Foundation Inc
How much does Golay Foundation Inc give each year?
Golay Foundation Inc gave $260K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $305K across 5 grants.
What is Golay Foundation Inc's typical grant size?
Golay Foundation Inc's median grant in 2024 was $8,750, and its average grant was $65,000, across 4 grants on its 2024 IRS Form 990-PF.
Where does Golay Foundation Inc give grants?
Golay Foundation Inc gives mostly in Indiana: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Golay Foundation Inc give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Golay Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Cash for Operations" (4 grants).
How large is Golay Foundation Inc?
Golay Foundation Inc reported $4.1M in total assets on its 2024 IRS Form 990-PF. It paid out $277K in qualifying distributions that year, against a required minimum of $267K (roughly 5% of its investment assets).
What is Golay Foundation Inc's EIN?
Golay Foundation Inc's EIN (Employer Identification Number) is 31-0929865. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS July 15, 2020)
- IRS filings on file for fiscal years 2019–2024
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