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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.1M
-3.3% YoY
Annual Giving
$260K
-14.8% YoY
Grant Count
4
-20.0% YoY
Avg Grant Size
$65K
+6.6% YoY
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.
About Golay Foundation Inc
Based on IRS filings
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.
Ready to take the next step with Golay Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,066,119 | $4,203,201 | $4,317,859 |
| Revenue | $183,918 | $247,056 | $161,342 |
| Expenses | $320,415 | $361,246 | $266,694 |
| Qualifying Distributions | $276,888 | $322,813 | $228,353 |
| Net Investment Income | $128,162 | $194,788 | $126,154 |
| Distributable Amount | $267,459 | $254,096 | $270,675 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Golay Community Center ($240,000), Girls Inc of Wayne Co ($10,000), Anderson University Women's Lacrosse ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ANDERSON UNIVERSITY WOMEN'S LACROSSE ANDERSON, IN | CASH FOR OPERATIONS | $7,500 |
| GOLAY COMMUNITY CENTER CAMBRIDGE CITY, IN | CASH FOR OPERATIONS | $240,000 |
| RIVERSIDE CEMETERY NOBLESVILLE, IN | CASH FOR OPERATIONS | $2,500 |
| GIRLS INC OF WAYNE CO RICHMOND, IN | CASH FOR OPERATIONS | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NANCY JAROSINSKI | PRESIDENT/SECRETARY/TREASU | 5 | $12,000 |
| BETTY CRIM | VICE-PRESIDENT | 1 | — |
| JENNIFER ROBINSON | MEMBER | 1 | — |
Frequently Asked Questions
How large is Golay Foundation Inc?
As of 2024, Golay Foundation Inc holds $4.1M in total assets with $184K in annual revenue. It awarded 4 grants totaling $260K in 2024.
Where does Golay Foundation Inc operate?
Golay Foundation Inc has awarded grants in Indiana.
What size grants does Golay Foundation Inc award?
In 2024, Golay Foundation Inc awarded 4 grants totaling $260K — an average of about $65K per grant, based on its IRS Form 990 filings.
How much is Golay Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Golay Foundation Inc reported a distributable amount of $267K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Golay Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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