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.
Key facts about Golay Foundation Inc
In short: Golay Foundation Inc gave $260K across 4 grants in 2024 (avg $65K), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- EIN
- 31-0929865
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $260,000
- Grants made (2024)
- 4
- Average grant
- $65,000
- Median grant
- $8,750
- Total assets
- $4,066,119
- Primary geography
- Indiana (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 4 itemized 2024 grant dollars.
States
Cities
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.
Grant Insights
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%).
Giving History
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 |
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2024
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 September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Golay Foundation Inc by hand.
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