The Raymond V & Gladys H Gilmartin Foundation Inc
The Raymond V & Gladys H Gilmartin Foundation Inc is a private foundation, based in Hobe Sound, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 4 grants totaling $84K. Net investment income was $27K.
The Raymond V & Gladys H Gilmartin Foundation Inc at a glance
In short: The Raymond V & Gladys H Gilmartin Foundation Inc gave $84K across 4 grants in 2025 (avg $21K), top state Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $83,550
- +1.5% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $20,888
- +1.5% vs 2024
- Median grant
- $20,000
- Total assets
- $1,135,468
- -4.7% vs 2024
- Primary geography
- Pennsylvania (36% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Raymond V & Gladys H Gilmartin Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Alex's Lemonade Stand ($30K). Together the top 4 received $84K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How The Raymond V & Gladys H Gilmartin Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−2%). Method
- In 2025 it paid out 86% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $77K (2021) to $85K (2022). In 2025 it made 4 grants totaling $84K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Alex's Lemonade Stand Wynnewood, PA | Donation | $30,000 |
| Friends of the Children New York New York, NY | Donation | $25,000 |
| Eastside College Prep School East Palo Alto, CA | Donation | $15,000 |
| 2nd Harvest of Silicon Valley San Jose, CA | Donation | $13,550 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,135,468 | $50,680 | $107,010 | $83,550 | 4 | $83,550 | $27,220 | $96,683 |
| 2024 | $1,191,798 | $581,050 | $96,672 | $82,285 | 4 | $82,285 | $566,663 | $83,550 |
| 2023 | $707,420 | $40,238 | $92,686 | $82,046 | 4 | $82,046 | $29,598 | $82,285 |
| 2022 | $759,868 | $95,989 | $95,183 | $84,991 | 4 | $84,991 | $85,797 | $82,046 |
| 2021 | $759,062 | $111,743 | $87,394 | $77,492 | 4 | $77,492 | $101,841 | $84,991 |
| 2020 | $734,713 | $73,505 | $91,344 | $80,990 | 4 | — | $63,151 | $77,492 |
| 2019 | $752,033 | $96,718 | $93,438 | $77,758 | 4 | — | $81,038 | $80,990 |
Under IRS private-foundation payout rules, The Raymond V & Gladys H Gilmartin Foundation Inc reported a distributable amount of $97K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Raymond V & Gladys H Gilmartin Foundation Inc's 2025 filing lists 5 officers; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Beth Gilmartin
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Gladys H Gilmartin
Trustee
On filings since 2019
5 hrs/week
No compensation reported
John Gilmartin
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Raymond V Gilmartin
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Sara Gilmartin
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Raymond V & Gladys H Gilmartin Foundation Inc
How much does The Raymond V & Gladys H Gilmartin Foundation Inc give each year?
The Raymond V & Gladys H Gilmartin Foundation Inc gave $84K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $82K across 4 grants.
What is The Raymond V & Gladys H Gilmartin Foundation Inc's typical grant size?
The Raymond V & Gladys H Gilmartin Foundation Inc's median grant in 2025 was $20,000, and its average grant was $20,888, across 4 grants on its 2025 IRS Form 990-PF.
Where does The Raymond V & Gladys H Gilmartin Foundation Inc give grants?
The Raymond V & Gladys H Gilmartin Foundation Inc's top state is Pennsylvania, with 36% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were California (34%) and New York (30%).
Does The Raymond V & Gladys H Gilmartin Foundation Inc give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on The Raymond V & Gladys H Gilmartin Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donation" (4 grants).
How large is The Raymond V & Gladys H Gilmartin Foundation Inc?
The Raymond V & Gladys H Gilmartin Foundation Inc reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $84K in qualifying distributions that year, against a required minimum of $97K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 28, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 8, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 7, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 8, 2026)
- IRS filings on file for fiscal years 2019–2025
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