The Gilstrap Foundation
The Gilstrap Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Houston, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $700K in total assets. In 2024, it awarded 23 grants totaling $62K. Net investment income was $25K.
Key facts about The Gilstrap Foundation
- EIN
- 85-3982875
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $61,570
- Grants made (2024)
- 23
- Average grant
- $2,677
- Median grant
- $2,000
- New grantees (estimate)
- 64% first-time grantees (14 of 22, 2024)
- Total assets
- $700,165
- Primary geography
- Texas (64% 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 Gilstrap Foundation funds
By grant dollars, the top recipient states for The Gilstrap Foundation's 23 itemized 2024 grants were Texas (64%) and New York (23%). The most frequent recipient cities were Houston, TX (11 grants) and Jackson, WY (2 grants). None of its 23 grants with a stated purpose were described as general or operating support.
Is The Gilstrap Foundation open to new grantees?
64%
first-time grantees, 2024
In 2024, 14 of 22 grantees (64%) were first-time recipients. First grants averaged $3K; repeat grants $3K. How we count
Medians: $2K first-time, $2K repeat.
- 23% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−19%). Method
- In 2024 it paid out 182% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2021–2024). 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 Gilstrap Foundation
- How to evaluate The Gilstrap Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$700K
-5.9% YoY
Annual Giving
$62K
-28.6% YoY
Grant Count
23
-4.2% YoY
Avg Grant Size
$3K
-25.5% YoY
Under IRS private-foundation payout rules, The Gilstrap Foundation reported a distributable amount of $34K for 2024 — the minimum it must pay out in qualifying distributions.
About The Gilstrap Foundation
Based on IRS filings
The Gilstrap Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Houston, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $700K in total assets. In 2024, it awarded 23 grants totaling $62K. Net investment income was $25K.
Focus Areas
Ready to take the next step with The Gilstrap Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 23 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $700,165 | $744,210 | $824,041 |
| Revenue | $23,008 | $11,489 | $7,298 |
| Expenses | $67,053 | $91,320 | $109,522 |
| Qualifying Distributions | $61,570 | $86,191 | $104,200 |
| Net Investment Income | $24,623 | $19,324 | $12,853 |
| Distributable Amount | $33,744 | $35,555 | $39,724 |
Data update history
When this profile's IRS filing data changed on Grantable
- 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
97 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Houston Methodist Hospital Foundati ($10,000 across 2 grants), Congregation Beth Israel ($6,400), Community Foundation of Elmira-Corn ($5,350).
| Recipient | Purpose | Amount |
|---|---|---|
| CONGREGATION BETH ISRAEL Houston, TX | TO SUPPORT THE ORGANIZATION'S EFFORTS TO PROVIDE A CONNECTION TO JEWISH LIFE FOR ITS CONGREGANTS AND THE COMMUNITY. | $6,400 |
| COMMUNITY FOUNDATION OF ELMIRA-CORN Horseheads, NY | TO SUPPORT THE ORGANIZATION'S MISSION OF PROVIDING COLLEGE SCHOLARSHIP FUNDS FOR GRADUATING STUDENTS OF HAMMONDSPORT HIGH SCHOOL. | $5,350 |
| DRESS FOR SUCCESS HOUSTON Houston, TX | TO SUPPORT THE ORGANIZATION'S OBJECTIVES IN PROVIDING WOMEN'S JOB SUPPORT. | $5,000 |
| HOUSTON FOOD BANK Houston, TX | TO SUPPORT THE ORGANIZATION'S EFFORTS AND INITIATIVES IN FEEDING THE FOOD INSECURE. | $5,000 |
| JEWISH FEDERATION OF GREATER HOUSTO Houston, TX | TO SUPPORT THE ORGANIZATION'S OBJECTIVE IN PRESERVING THE JEWISH FAITH AND PROVIDING FOR JEWS IN NEED. | $5,000 |
| HAMMONDSPORT FIRE DEPARTMENT Hammondsport, NY | TO SUPPORT THE ORGANIZATION'S GOAL OF PROVIDING FIRE SUPPRESSION SERVICES FOR THE COMMUNITY. | $5,000 |
| HOUSTON METHODIST HOSPITAL FOUNDATI Houston, TX | TO SUPPORT THE ORGANIZATION'S MISSION OF RAISING FUNDS IN SUPPORT OF HOUSTON METHODIST HOSPITAL. | $5,000 |
| HOUSTON METHODIST HOSPITAL FOUNDATI Houston, TX | TO SUPPORT THE ORGANIZATION'S OBJECTIVE IN PROVIDING NURSING SCHOLARSHIPS. | $5,000 |
| HOUSTON HABITAT FOR HUMANITY Houston, TX | TO SUPPORT THE ORGANIZATION'S OBJECTIVES OF BUILDING AND IMPROVING SHELTER FOR THOSE IN NEED. | $3,000 |
| RAPE ABUSE INCEST NATIONAL NETWORK Washington, DC | TO SUPPORT THE ORGANIZATION'S MISSION OF PROVIDING PROGRAMS FOR VICTIMS OF SEXUAL VIOLENCE. | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Douglas L Gilstrap | President | 1 | — |
| Leslie L Gilstrap | Secretary | 1 | — |
| Laura H Gilstrap | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Gilstrap Foundation?
The Gilstrap Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Houston, TX. It holds $700K in total assets as of 2024.
How large is The Gilstrap Foundation?
As of 2024, The Gilstrap Foundation holds $700K in total assets with $23K in annual revenue. It awarded 23 grants totaling $62K in 2024.
Where does The Gilstrap Foundation operate?
The Gilstrap Foundation has awarded grants in California, District of Columbia, Massachusetts, Maryland, Mississippi, North Carolina, New York, Oklahoma, Texas, Wyoming.
What size grants does The Gilstrap Foundation award?
In 2024, The Gilstrap Foundation awarded 23 grants totaling $62K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Gilstrap Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Gilstrap Foundation reported a distributable amount of $34K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Gilstrap Foundation's EIN?
The Gilstrap Foundation's EIN (Employer Identification Number) is 85-3982875. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.