Gilbane Foundation
- Assets
- $4.0m
- Revenue
- $1.1m
- Investments
- $3.8m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 02/1954
- Data as of
- 11/2021
- EIN
- 05-6006170
Organization Overview
Gilbane Foundation is located in Providence, RI. The organization was established in 1954. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gilbane Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2021, Gilbane Foundation generated $1.1m in total revenue. All expenses for the organization totaled $347.0k during the year ending 11/2021. While expenses have increased by 91.8% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Gilbane Foundation has awarded 88 individual grants totaling $304,849. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert V Gilbane Trustee | 0 | $0 | |
Willam F Gilbane Trustee | 0 | $0 | |
Paul J Choquette Jr Trustee | 0 | $0 | |
Thomas F Gilbane Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $67,863 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,908 |
| Capital Gain Net Income | $56,908 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,124,771 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $42,190 |
| Contributions, gifts, grants paid | $304,849 |
| Total expenses and disbursements | $347,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,218 |
| Savings and temporary cash investments | $142,747 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,040 |
| Total assets | $3,992,263 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gilbane Foundation has awarded $304,849 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
RHODE ISLAND FOUNDATION PURPOSE: GENERAL SUPPORT | $219,400 |
DE LA SALLE COLLEGIATE HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $11,500 |
Washington, DC PURPOSE: GENERAL SUPPORT | $7,508 |
BUTLER HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $5,000 |
BROWN UNIVERSITY PURPOSE: GENERAL SUPPORT | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Flatley Foundation Braintree, MA | $730,489,671 | $65,780,367 |
Iiegn Family Foundation Boston, MA | $7,705,932 | $1,021,594 |
Ge Foundation Norwalk, CT | $5,053,086 | $27,501,215 |
State Street Foundation Inc Boston, MA | $7,590,446 | $6,540 |
Edward C Johnson Fund Boston, MA | $418,919,628 | $48,451,859 |
Broad Reach Foundation Boston, MA | $154,449,873 | $51,427,992 |
Tjx Foundation Inc Framingham, MA | $84,142,448 | $26,109,203 |