The George and Carol Milne Foundation
The George and Carol Milne Foundation is a private foundation established in 2003 and based in Boca Grande, Florida. The foundation operates as a 501(c)(3) organization and provides unrestricted general operating support to nonprofit organizations across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.7M
+6.5% YoY
Annual Giving
$168K
-59.5% YoY
Grant Count
29
-9.4% YoY
Avg Grant Size
$6K
-55.3% YoY
Mission & Focus Areas
The foundation funds unrestricted general operating support to organizations in the following areas:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Community Health
- Health and Medical Services
- Health and Wellness
Grantmaking
The foundation made 36 grants in 2024, including:
Grant Range
$1,000 to $338,333
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Florida
- Connecticut
- Massachusetts
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (as of December 2024):
- Total assets: $10,728,982
- Total giving: $168,060 to $407,333 (varies by reporting source and fiscal year)
- Total revenues: $881,568
- Total expenses: $230,862
- Giving rate: Approximately 4.0% of assets
Investment Income:
- 2024 investment income and dividends: $390,556
- 2023 investment income and dividends: $350,420
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,728,982 | $10,078,276 | $9,168,099 |
| Revenue | $881,568 | $1,445,644 | $535,454 |
| Expenses | $230,862 | $535,467 | $401,381 |
| Qualifying Distributions | $171,944 | $416,898 | $300,185 |
| Net Investment Income | $805,179 | $1,386,255 | $308,612 |
| Distributable Amount | $597,268 | $519,505 | $531,514 |
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
167 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GEORGE M MILNE JR | TRUSTEE | 2 | — |
| CAROL T MILNE | TRUSTEE | 2 | — |
Contact Information
Address: PO Box 473 Boca Grande, FL 33921-0473
Telephone: 941-964-6480
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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