Linus R Gilbert Foundation

HOPEWELL, NJ EIN: 22-6067331

Linus R Gilbert Foundation is a private foundation, based in HOPEWELL, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 4 grants totaling $65K. Net investment income was $94K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.2M

+3.0% YoY

Annual Giving

$65K

-3.8% YoY

Grant Count

-20.0% YoY

Avg Grant Size

$16K

+20.2% YoY

Under IRS private-foundation payout rules, Linus R Gilbert Foundation reported a distributable amount of $69K for 2024 — the minimum it must pay out in qualifying distributions.

About Linus R Gilbert Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Tennessee $96K (29%)

West Virginia $92K (28%)

Nebraska $85K (26%)

New Jersey $30K (9%)

Virginia $17K (5%)

New York $12K (4%)

States

Nebraska New Jersey New York Tennessee Virginia West Virginia

Cities

Boys TownCornwall HdsnMemphisMillburnRansonTriangle

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,221,288	$1,185,514	$1,224,359
Revenue	$117,370	$52,033	$112,021
Expenses	$87,841	$93,052	$96,017
Qualifying Distributions	$64,858	$67,452	$70,654
Net Investment Income	$94,387	$26,549	$87,322
Distributable Amount	$69,313	$64,858	$67,484

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

22 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Shriners Hospital for Children ($20,000), St Jude Research Hospital ($20,000), Boys Town Nebraska ($15,000).

Recipient	Purpose	Amount
Shriners Hospital for Children Ranson, WV	General Purpose	$20,000
St Jude Research Hospital Memphis, TN	General Purpose	$20,000
Boys Town Nebraska Boys Town, NE	General Purpose	$15,000
Marine Toys for Tots Foundation Triangle, VA	General Purpose	$9,858

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Douglas R Farr	Trustee	1	—
Nicholas G Farr	Trustee	1	—

Frequently Asked Questions

How large is Linus R Gilbert Foundation?

As of 2024, Linus R Gilbert Foundation holds $1.2M in total assets with $117K in annual revenue. It awarded 4 grants totaling $65K in 2024.

Where does Linus R Gilbert Foundation operate?

Linus R Gilbert Foundation has awarded grants in Nebraska, New Jersey, New York, Tennessee, Virginia, West Virginia.

What size grants does Linus R Gilbert Foundation award?

In 2024, Linus R Gilbert Foundation awarded 4 grants totaling $65K — an average of about $16K per grant, based on its IRS Form 990 filings.

How much is Linus R Gilbert Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Linus R Gilbert Foundation reported a distributable amount of $69K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.