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
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.
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
Among its reported 2024 grants, the largest include Mystic Aquarium ($60,000), Olin College of Engineering ($48,160), Suncoast Humane Society ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BARRIER ISLAND PARKS SOCIETY BOCA GRANDE, FL | UNRESTRICTED GENERAL OPERATING SUPPORT | $250 |
| BOCA GRANDE ART CENTER BOCA GRANDE, FL | UNRESTRICTED GENERAL OPERATING SUPPORT | $250 |
| BOCA GRANDE CHILD CARE CENTER BOCA GRANDE, FL | UNRESTRICTED GENERAL OPERATING SUPPORT | $100 |
| BOCA GRANDE COMMUNITY CENTER BOCA GRANDE, FL | UNRESTRICTED GENERAL OPERATING SUPPORT | $1,500 |
| BOCA GRANDE HEALTH CLINIC BOCA GRANDE, FL | UNRESTRICTED GENERAL OPERATING SUPPORT | $5,000 |
| BOCA GRANDE HISTORICAL SOCIETY BOCA GRANDE, FL | UNRESTRICTED GENERAL OPERATING SUPPORT | $250 |
| BOCA GRANDE PRESCHOOL BOCA GRANDE, FL | UNRESTRICTED GENERAL OPERATING SUPPORT | $100 |
| GARDE ART CENTER NEW LONDON, CT | UNRESTRICTED GENERAL OPERATING SUPPORT | $250 |
| GAYLORD HOSPITAL WALLINGFORD, CT | UNRESTRICTED GENERAL OPERATING SUPPORT | $750 |
| GICIA BOCA GRANDE, FL | UNRESTRICTED GENERAL OPERATING SUPPORT | $500 |
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
Frequently Asked Questions
What does The George and Carol Milne Foundation fund?
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
How do I apply for a grant from The George and Carol Milne Foundation?
**Grant Characteristics:** • Typical grant range: $1,000 to $338,333 • Recent median grant size: $10,000 • Grant type: Unrestricted general operating support **Recent Grant Activity:** The foundation made 36 grants in 2024, including: • Olin College of Engineering: $48,160 • The Williams School: $20,000 • Suncoast Humane Society: $20,000 In 2023, the foundation made 36 grants, with notable recipients including: • Gaylord Hospital: $338,333 • Olin College of Engineering: $15,000 • The Williams S…
Where does The George and Carol Milne Foundation make grants?
The foundation primarily funds organizations in: • Florida • Connecticut • Massachusetts
What size grants does The George and Carol Milne Foundation award?
In 2024, The George and Carol Milne Foundation awarded 29 grants totaling $168K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The George and Carol Milne Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The George and Carol Milne Foundation reported a distributable amount of $597K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in The George and Carol Milne Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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