The Raymond V & Gladys H Gilmartin Foundation Inc
The Raymond V & Gladys H Gilmartin Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOBE SOUND, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 4 grants totaling $82K. Net investment income was $567K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
+68.5% YoY
Annual Giving
$82K
+0.3% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$21K
+0.3% YoY
Under IRS private-foundation payout rules, The Raymond V & Gladys H Gilmartin Foundation Inc reported a distributable amount of $84K for 2024 — the minimum it must pay out in qualifying distributions.
About The Raymond V & Gladys H Gilmartin Foundation Inc
Based on IRS filings
The Raymond V & Gladys H Gilmartin Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOBE SOUND, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 4 grants totaling $82K. Net investment income was $567K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,191,798 | $707,420 | $759,868 |
| Revenue | $581,050 | $40,238 | $95,989 |
| Expenses | $96,672 | $92,686 | $95,183 |
| Qualifying Distributions | $82,285 | $82,046 | $84,991 |
| Net Investment Income | $566,663 | $29,598 | $85,797 |
| Distributable Amount | $83,550 | $82,285 | $82,046 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Alex's Lemonade Stand ($30,000), Friends of the Children New York ($25,000), Eastside College Prep School ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 2nd Harvest of Silicon Valley San Jose, CA | Donation | $12,285 |
| Eastside College Prep School East Palo Alto, CA | Donation | $15,000 |
| Alex's Lemonade Stand Wynnewood, PA | Donation | $30,000 |
| Friends of the Children New York New York, NY | Donation | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Raymond V Gilmartin | Trustee | 5 | — |
| Gladys H Gilmartin | Trustee | 5 | — |
| Beth Gilmartin | Trustee | 5 | — |
| Sara Gilmartin | Trustee | 5 | — |
| John Gilmartin | Trustee | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Raymond V & Gladys H Gilmartin Foundation Inc?
The Raymond V & Gladys H Gilmartin Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOBE SOUND, FL. It holds $1.2M in total assets as of 2024.
How large is The Raymond V & Gladys H Gilmartin Foundation Inc?
As of 2024, The Raymond V & Gladys H Gilmartin Foundation Inc holds $1.2M in total assets with $581K in annual revenue. It awarded 4 grants totaling $82K in 2024.
Where does The Raymond V & Gladys H Gilmartin Foundation Inc operate?
The Raymond V & Gladys H Gilmartin Foundation Inc has awarded grants in California, New York, Pennsylvania.
What size grants does The Raymond V & Gladys H Gilmartin Foundation Inc award?
In 2024, The Raymond V & Gladys H Gilmartin Foundation Inc awarded 4 grants totaling $82K — an average of about $21K per grant, based on its IRS Form 990 filings.
How much is The Raymond V & Gladys H Gilmartin Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Raymond V & Gladys H Gilmartin Foundation Inc reported a distributable amount of $84K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Raymond V & Gladys H Gilmartin Foundation Inc's EIN?
The Raymond V & Gladys H Gilmartin Foundation Inc's EIN (Employer Identification Number) is 22-3513913. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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