The Gibbons Foundation

Foundation · Grantmaker Old Greenwich, CT EIN: 06-1188483

The Gibbons Foundation is a private foundation established in 1988 and located in Old Greenwich, Connecticut. It operates as a 501(c)(3) tax-exempt organization with no employees. The foundation makes grants to support organizations in their exempt functions, annual funds, and scholarships.

Key facts about The Gibbons Foundation

EIN: 06-1188483
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $102,097
Grants made (2024): 34
Average grant: $3,003
Median grant: $1,000
New grantees (estimate): 24% first-time grantees (8 of 34, 2024)
Total assets: $923,386
Primary geography: Connecticut (51% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who The Gibbons Foundation funds

By grant dollars, the top recipient states for The Gibbons Foundation's 34 itemized 2024 grants were Connecticut (51%), Maine (26%) and New York (11%). The most frequent recipient cities were Greenwich, CT (12 grants), New York, NY (4 grants), Manchester Center, VT (2 grants) and Stamford, CT (2 grants). 6% of grants with a stated purpose were for general or operating support. Recurring purposes include "To Help Org. in Its Exempt Function" (22 grants) and "To help organization in its exempt function" (4 grants).

Is The Gibbons Foundation open to new grantees?

24%

first-time grantees, 2024

In 2024, 8 of 34 grantees (24%) were first-time recipients. First grants averaged $1K; repeat grants $3K. How we count

Medians: $1K first-time, $2K repeat.

76% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (+2%). Method
In 2024 it paid out 91% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with The Gibbons Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$923K

-6.5% YoY

Annual Giving

$102K

+5.6% YoY

Grant Count

-8.1% YoY

Avg Grant Size

$3K

+14.9% YoY

Under IRS private-foundation payout rules, The Gibbons Foundation reported a distributable amount of $114K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Grantmaking

The foundation made 30 grants in 2023, with recent recipients including:

Grant Range

of approximately $2,600. The foundation appears to be open to new applicants, with approximately 12% of new applicants funded.

Average Grant

of approximately $2,600. The foundation appears to be open to new applicants, with approximately 12% of new applicants funded.

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Geographic Focus

Where this funder awards grants

The foundation funds initiatives across multiple U.S. states and cities, including New York, Maine, New Hampshire, Massachusetts, Connecticut, Washington D.C., Vermont, Illinois, and Texas. It supports projects in urban areas such as New York, Chicago, and Dallas, as well as rural areas.

Grant Distribution by State

Connecticut $52K (51%)

Maine $27K (26%)

New York $12K (11%)

Vermont $7K (7%)

New Hampshire $3K (3%)

All other $3K (2%)

Share of all 34 itemized 2024 grant dollars.

States

California Connecticut District of Columbia Illinois Massachusetts Maine New Hampshire New York Texas Vermont

Cities

GreenwichNew YorkCos CobHarpswellNorwalkStamfordManchester CenterBrunswickDeerfieldNew HampshireRiversideBridgeportChicagoFarmingtonColchesterDorsetHarpsewllWashingtonBathBronxville

Financial History

Multi-year comparison from IRS filings

As of December 31, 2023:

Total Assets: $987,930
Total Revenue: $130,032
Total Expenses: $96,810
Total Grants Awarded: $96,810 (approximately)
Grants, Contributions, etc.: $85,238

As of 2024:

Total Assets: $988,000 (approximately)
Annual Grants: $97,000
Expense Ratio: 74.5% of total revenue

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$923,386	$987,930	$954,708
Revenue	$41,750	$130,032	$66,393
Expenses	$106,294	$96,810	$91,425
Qualifying Distributions	$103,764	$96,660	$90,592
Net Investment Income	$40,917	$119,037	$40,560
Distributable Amount	$113,804	$103,511	$91,860

Data update history

When this profile's IRS filing data changed on Grantable

February 28, 2026 IRS filings on file for fiscal years 2020–2024

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

168 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Bowdoin College ($25,000), Greenwich Alliance for Education ($14,097), Breast Cancer Alliance ($10,000).

Recipient	Purpose	Amount
BOWDOIN COLLEGE Brunswick, ME	ANNUAL -TO HELP ORG IN ITS EXEMPT FUNCTION	$25,000
GREENWICH ALLIANCE FOR EDUCATION Greenwich, CT	TO HELP ORG. IN ITS EXEMPT FUNCTION	$14,097
BREAST CANCER ALLIANCE Greenwich, CT	TO HELP ORG. IN ITS EXEMPT FUNCTION	$10,000
THE JACKSON LABORATORY Farmington, CT	TO HELP ORG. IN ITS EXEMPT FUNCTION	$5,000
NYU RORY MEYERS COLLEGE OF NURSING New York, NY	TO HELP ORG. IN ITS EXEMPT FUNCTION	$5,000
KIDS IN CRISIS Cos Cob, CT	TO HELP ORG. IN ITS EXPEMPT FUNCTION	$4,500
GREENWICH COUNTY DAY SCHOOL Greenwich, CT	TO HELP ORG. IN ITS EXEMPT FUNCTION	$4,000
THE HOSPITAL FOR SPECIAL SURGERY FUNC INC New York, NY	TO HELP ORG. IN ITS EXEMPT FUNCTION	$3,000
COLBY SAWYER COLLEGE New Hampshire, NH	ANNUAL FUND	$3,000
MAPLE STREET SCHOOL Manchester Center, VT	TO HELP ORG. IN ITS EXEMPT FUNCTION	$2,500

Leadership & Key People

Leadership team and compensation from IRS filings

Lile R Gibbons serves as President of the foundation.

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Lile R Gibbons	President	5	—
John a Gibbons Jr	Vice Pres/Treas/Secty	5	—

Contact Information

Address: 27 Sunset Road, Old Greenwich, CT 06870-2109

Telephone: 212-490-3113

EIN: 06-1188483

Frequently Asked Questions

How do I apply for a grant from The Gibbons Foundation?

The foundation made 30 grants in 2023, with recent recipients including: • Bowdoin College ($10,000 for annual support to help organization in its exempt function) • Breast Cancer Alliance ($9,500 to help organization in its exempt function) • Colby-Sawyer College ($7,500 for annual fund) The foundation awarded 37 grants in 2024 with an average grant size of approximately $2,600. The foundation appears to be open to new applicants, with approximately 12% of new applicants funded.

Where does The Gibbons Foundation make grants?

What size grants does The Gibbons Foundation award?

In 2024, The Gibbons Foundation awarded 34 grants totaling $102K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is The Gibbons Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Gibbons Foundation reported a distributable amount of $114K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.