The Charles and Elsie Gols Foundation

Foundation · Grantmaker MERRIMACK, NH EIN: 65-1045339

The Charles and Elsie Gols Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MERRIMACK, NH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.1M in total assets. In 2024, it awarded 19 grants totaling $283K. Net investment income was $172K.

Key facts about The Charles and Elsie Gols Foundation

EIN: 65-1045339
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $283,272
Grants made (2024): 19
Average grant: $14,909
Median grant: $5,000
Total assets: $6,148,881
Primary geography: Florida (82% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026.

Who The Charles and Elsie Gols Foundation funds

By grant dollars, the top recipient states for The Charles and Elsie Gols Foundation's 19 itemized 2024 grants were Florida (82%) and Minnesota (18%). The most frequent recipient cities were Boca Raton, FL (12 grants) and West Palm Bch, FL (2 grants). 95% of grants with a stated purpose were for general or operating support.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$6.1M

-2.4% YoY

Annual Giving

$283K

+14.5% YoY

Grant Count

+35.7% YoY

Avg Grant Size

$15K

-15.7% YoY

Under IRS private-foundation payout rules, The Charles and Elsie Gols Foundation reported a distributable amount of $376K for 2024 — the minimum it must pay out in qualifying distributions.

About The Charles and Elsie Gols Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $232K (82%)

Minnesota $50K (18%)

New Hampshire $1K (0%)

Share of all 19 itemized 2024 grant dollars.

States

District of Columbia Florida Minnesota New Hampshire Texas

Cities

Boca RatonWest Palm BchLake WorthDelray BeachSaint PaulTallahasseeWashingtonAustinLaconiaLxhtchee GrvsMiami

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$6,148,881	$6,298,685	$6,359,605
Revenue	$278,680	$316,801	$227,965
Expenses	$422,650	$370,944	$225,409
Qualifying Distributions	$341,968	$304,081	$157,693
Net Investment Income	$172,189	$212,223	$114,389
Distributable Amount	$376,009	$339,852	$330,326

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

66 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include The Iddeal Place Comm Fndn ($100,000), Eos International Nfp ($50,000), The James Madison Institute ($25,000).

Recipient	Purpose	Amount
THE IDDEAL PLACE COMM FNDN BOCA RATON, FL	UNRESTRICTED GIFT	$100,000
EOS INTERNATIONAL NFP SAINT PAUL, MN	UNRESTRICTED GIFT	$50,000
THE JAMES MADISON INSTITUTE TALLAHASSEE, FL	UNRESTRICTED GIFT	$25,000
COMM FDN FOR PALM BCH & M WEST PALM BCH, FL	UNRESTRICTED GIFT	$20,572
GEORGE SNOW SCHLRSHP FUND BOCA RATON, FL	UNRESTRICTED GIFT	$20,000
IMPACT 100 PALM BEACH COUNTY INC BOCA RATON, FL	UNRESTRICTED GIFT	$17,200
JERUSALEM KNIGHTS HOSPITALLER OF FL BOCA RATON, FL	UNRESTRICTED GIFT	$10,000
SECOND CHANCE INITIATIVE BOCA RATON, FL	UNRESTRICTED GIFT	$10,000
CHILDRENS HOME SOCIETY OF FLORIDA WEST PALM BCH, FL	UNRESTRICTED GIFT	$5,000
FAU FOUNDATION INC BOCA RATON, FL	UNRESTRICTED GIFT	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
HELEN C BALLERANO	EXECUTIVE DIRECTOR	—	$48,000
JAMES A BALLERANO JR	DIRECTOR	—	—
JONATHAN J BALLERANO	DIRECTOR	—	—
AMANDA BALLERANO	DIRECTOR	—	—
CHRISTOPHER M BALLERANO	DIRECTOR	—	—
MONICA A BALLERANO	DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Charles and Elsie Gols Foundation?

The Charles and Elsie Gols Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MERRIMACK, NH. It holds $6.1M in total assets as of 2024.

How large is The Charles and Elsie Gols Foundation?

As of 2024, The Charles and Elsie Gols Foundation holds $6.1M in total assets with $279K in annual revenue. It awarded 19 grants totaling $283K in 2024.

Where does The Charles and Elsie Gols Foundation operate?

The Charles and Elsie Gols Foundation has awarded grants in District of Columbia, Florida, Minnesota, New Hampshire, Texas.

What size grants does The Charles and Elsie Gols Foundation award?

In 2024, The Charles and Elsie Gols Foundation awarded 19 grants totaling $283K — an average of about $15K per grant, based on its IRS Form 990 filings.

How much is The Charles and Elsie Gols Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Charles and Elsie Gols Foundation reported a distributable amount of $376K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Charles and Elsie Gols Foundation's EIN?

The Charles and Elsie Gols Foundation's EIN (Employer Identification Number) is 65-1045339. IRS Form 990 filing data is available on this page for 2020–2024.