The Francis R Gelnett Irrevocable Trust
The Francis R Gelnett Irrevocable Trust is a private foundation, based in Lancaster, PA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $5.3M in total assets. In 2024, it awarded 1 grant totaling $302K. Net investment income was $573K.
The Francis R Gelnett Irrevocable Trust at a glance
In short: The Francis R Gelnett Irrevocable Trust gave $302K across 1 grant in 2024 (avg $302K), mostly in Pennsylvania. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $302,304
- +9.8% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $302,304
- +9.8% vs 2023
- Median grant
- $302,304
- Total assets
- $5,292,422
- +5.5% vs 2023
- Primary geography
- Pennsylvania (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 The Francis R Gelnett Irrevocable Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Borough of Selinsgrove ($302K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How The Francis R Gelnett Irrevocable Trust gives
- Giving held roughly steady from 2021 to 2024 (−7%). Method
- In 2024 it paid out 99% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $275K (2023) to $351K (2022). In 2024 it made 1 grant totaling $302K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Borough of Selinsgrove Selinsgrove, PA | Health, Education, Welfare | $302,304 |
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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 | $5,292,422 | $637,339 | $366,502 | $302,304 | 1 | $302,304 | $573,483 | $304,896 |
| 2023 | $5,017,285 | $229,225 | $340,331 | $275,213 | 1 | $275,213 | $168,087 | $276,377 |
| 2022 | $5,122,868 | $396,306 | $426,057 | $350,779 | 1 | $350,779 | $331,271 | $283,416 |
| 2021 | $5,154,977 | $492,368 | $406,589 | $325,915 | 1 | $325,915 | $421,213 | $333,020 |
| 2020 | $5,078,107 | $-46,395 | $368,611 | $308,270 | 1 | — | $52,590 | $286,095 |
| 2019 | $5,491,887 | $177,535 | $393,041 | $329,009 | 1 | — | $115,327 | $275,816 |
Under IRS private-foundation payout rules, The Francis R Gelnett Irrevocable Trust reported a distributable amount of $305K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Francis R Gelnett Irrevocable Trust's 2024 filing lists 2 officers; all 2 officers listed in 2024 are compensated.
Officers on the 2024 filing
Fulton Bank N A
Co-Trustee
On filings since 2019
4 hrs/week
$25K (2019) → $27K (2024)
Robert L. Loudenslager
Trustee
On filings since 2019
4 hrs/week
$25K (2019) → $27K (2024)
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 $27K, to Robert L Loudenslager (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about The Francis R Gelnett Irrevocable Trust
How much does The Francis R Gelnett Irrevocable Trust give each year?
The Francis R Gelnett Irrevocable Trust gave $302K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $275K across 1 grant.
How large is The Francis R Gelnett Irrevocable Trust?
The Francis R Gelnett Irrevocable Trust reported $5.3M in total assets on its 2024 IRS Form 990-PF. It paid out $302K in qualifying distributions that year, against a required minimum of $305K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Francis R Gelnett Irrevocable Trust operate?
The Francis R Gelnett Irrevocable Trust has awarded grants in Pennsylvania.
What is The Francis R Gelnett Irrevocable Trust's EIN?
The Francis R Gelnett Irrevocable Trust's EIN (Employer Identification Number) is 45-6616423. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS July 2, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 22, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- IRS filings on file for fiscal years 2019–2024
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