The George and Carol Milne Foundation
The George and Carol Milne Foundation is a private foundation based in Boca Grande, Florida. Its 2024 filing reports grants to charitable organizations, with the listed larger awards designated for unrestricted general operating support.
The George and Carol Milne Foundation at a glance
In short: The George and Carol Milne Foundation gave $168K across 29 grants in 2024 (avg $6K), top state Connecticut. 3% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $168,060
- -59.5% vs 2023
- Grants made (2024)
- 29
- -9.4% vs 2023
- Average grant
- $5,795
- -55.3% vs 2023
- Median grant
- $500
- Total assets
- $10,728,982
- +6.5% vs 2023
- New grantees (estimate)
- 3% first-time grantees (1 of 29, 2024)
- Primary geography
- Connecticut (41% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The George and Carol Milne Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: PO Box 473, Boca Grande, FL 33921-0473
Phone: (941) 964-6480
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The George and Carol Milne Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Mystic Aquarium ($60K). Together the top 10 received $162K.
Grant Size Distribution
167 grants across all recorded years
The most common grant size was under $50K: 156 grants of 167 (93%).
Geographic Focus
Where this funder awards grants
The foundation’s 2024 grant dollars were reported as going to recipients in Connecticut (41%), Massachusetts (29%), Florida (17%), Virginia (12%), and Rhode Island (1%). Its 2024 grants also included awards to organizations in other states, such as Minnesota.
Grant Distribution by State
Share of 2024 grant dollars across all 29 itemized grants.
States
Cities
Is The George and Carol Milne Foundation open to new grantees?
3%
first-time grantees, 2024
In 2024, 1 of 29 grantees (3%) were first-time recipients. First grants averaged $5K; repeat grants $6K. How we count
Medians: $5K first-time, $500 repeat.
- 90% of 2024 grantees were also funded in 2023. Method
- Giving fell 84% from 2021 to 2024. Method
- In 2024 it paid out 29% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $168K (2024) to $1.0M (2021). In 2024 it made 29 grants totaling $168K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mystic Aquarium Mystic, CT | Unrestricted General Operating Support | $60,000 |
| Olin College of Engineering Needham, MA | Unrestricted General Operating Support | $48,160 |
| Suncoast Humane Society Englewood, FL | Unrestricted General Operating Support | $20,000 |
| Williams School Norfolk, VA | Unrestricted General Operating Support | $20,000 |
| Boca Grande Health Clinic Boca Grande, FL | Unrestricted General Operating Support | $5,000 |
| Gilead Congregational Church Hebron, CT | Unrestricted General Operating Support | $5,000 |
| Boca Grande Community Center Boca Grande, FL | Unrestricted General Operating Support | $1,500 |
| The Providence Center Providence, RI | Unrestricted General Operating Support | $1,000 |
| Gaylord Hospital Wallingford, CT | Unrestricted General Operating Support | $750 |
| Project Oceanology Groton, CT | Unrestricted General Operating Support | $750 |
Ready to take the next step with The George and Carol Milne Foundation?
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 | $10,728,982 | $881,568 | $230,862 | $168,060 | 29 | $171,944 | $805,179 | $597,268 |
| 2023 | $10,078,276 | $1,445,644 | $535,467 | $414,483 | 32 | $416,898 | $1,386,255 | $519,505 |
| 2022 | $9,168,099 | $535,454 | $401,381 | $298,033 | 34 | $300,185 | $308,612 | $531,514 |
| 2021 | $9,034,026 | $1,738,055 | $1,094,384 | $1,018,566 | 37 | $1,019,641 | $1,443,113 | $594,243 |
| 2020 | $8,390,355 | $859,029 | $521,145 | $443,661 | 35 | — | $587,588 | $455,393 |
Under IRS private-foundation payout rules, The George and Carol Milne Foundation reported a distributable amount of $597K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for organizations whose work includes education, animal welfare, health care, behavioral health, disability services, housing, and forest conservation.
The grantees describe their missions in their own terms. The Williams School says it builds a foundation for students’ academic, moral, and social success. Suncoast Humane Society says it supports the human-animal bond and provides sheltering, prevention, and community outreach. Boca Grande Health Clinic says it operates a health care clinic and provides around-the-clock physician availability on a barrier island. The Providence Center describes providing treatment and supportive services for people affected by psychiatric illnesses, emotional problems, and addictions.
Other 2024 grantees describe work that includes enhancing health and function (Gaylord Hospital), creating person-centered opportunities for people with intellectual and developmental disabilities (Horizons), caring for unhoused pregnant women and their children (Our Lady’s Inn), and conserving forestland and advancing forestry (New England Forestry Foundation).
Grantmaking
In 2024, the foundation made 29 grants totaling $168,060. Grant amounts ranged from $100 to $60,000, with a median of $500. The largest awards included $60,000 to Mystic Aquarium, $48,160 to Olin College of Engineering, and $20,000 each to Suncoast Humane Society and The Williams School. The listed larger grants were for unrestricted general operating support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists George M Milne Jr and Carol T Milne as trustees.
The George and Carol Milne Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Carol T. Milne
Trustee
On filings since 2020
2 hrs/week
No compensation reported
George M. Milne Jr.
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The George and Carol Milne Foundation
How much does The George and Carol Milne Foundation give each year?
The George and Carol Milne Foundation gave $168K across 29 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $414K across 32 grants.
What is The George and Carol Milne Foundation's typical grant size?
The George and Carol Milne Foundation's median grant in 2024 was $500, and its average grant was $5,795, across 29 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The George and Carol Milne Foundation that year got $5K on average.
Where does The George and Carol Milne Foundation give grants?
The George and Carol Milne Foundation's top state is Connecticut, with 41% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Massachusetts (29%) and Florida (17%). The most frequent recipient cities were Boca Grande, FL (10 grants) and New London, CT (2 grants).
Does The George and Carol Milne Foundation give general operating support?
Yes: 100% of The George and Carol Milne Foundation's 2024 grants with a stated purpose (29 of 29) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The George and Carol Milne Foundation's largest grantees?
The George and Carol Milne Foundation's largest 2024 grantees include Mystic Aquarium ($60,000), Olin College of Engineering ($48,160) and Suncoast Humane Society ($20,000), according to its 2024 IRS Form 990-PF. Together they received 76% of its itemized 2024 grant dollars.
How large is The George and Carol Milne Foundation?
The George and Carol Milne Foundation reported $10.7M in total assets on its 2024 IRS Form 990-PF. It paid out $172K in qualifying distributions that year, against a required minimum of $597K (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.
What does The George and Carol Milne Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants show support for organizations whose work includes education, animal welfare, health care, behavioral health, disability services, housing, and forest conservation. See mission & focus areas ↑
How do I apply for a grant from The George and Carol Milne Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The George and Carol Milne Foundation's EIN?
The George and Carol Milne Foundation's EIN (Employer Identification Number) is 51-0486900. IRS Form 990 filing data is available on this page for 2020–2024.
Does The George and Carol Milne Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). The George and Carol Milne Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/the-george-and-carol-milne-foundation-morg_eec9f1d78a404a3896daccff4e00b63e
BibTeX
@misc{grantable_510486900_2026,
author = {{Grantable}},
title = {{The George and Carol Milne Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-george-and-carol-milne-foundation-morg_eec9f1d78a404a3896daccff4e00b63e},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The George and Carol Milne Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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