Gillete Foundation
- Assets
- $516.1k
- Revenue
- $47.9k
- Investments
- $510.0k
- Employees
- 0
- Location
- Ponte Vedra Beach, FL
- Founding
- 02/1997
- Data as of
- 12/2021
- EIN
- 36-7160636
Organization Overview
Gillete Foundation is located in Ponte Vedra Beach, FL. The organization was established in 1997. 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. Gillete 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 12/2021, Gillete Foundation generated $47.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $40.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gillete Foundation has awarded 109 individual grants totaling $223,920. 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 |
|---|---|---|---|
Karla S Gillette Trustee | 4 | $0 | |
Edward S Gillette Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,613 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,286 |
| Capital Gain Net Income | $27,286 |
| Net ST Capital Gain | $10,469 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,350 |
| Total operating and administrative expenses | $12,105 |
| Contributions, gifts, grants paid | $28,000 |
| Total expenses and disbursements | $40,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,078 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $516,063 |
| 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, Gillete Foundation has awarded $28,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF THE HOLY SPIRIT PURPOSE: TO SUPPORT THE ORGANIZATION'S RELIGIOUS ACTIVITIES. | $5,000 |
STRATFORD HALL PURPOSE: TO SUPPORT THE ORGANIZATION'S CULTURAL ACTIVITIES. | $5,000 |
CHURCH OF THE HOLY INNOCENTS PURPOSE: TO SUPPORT THE ORGANIZATION'S RELIGIOUS ACTIVITIES. | $5,000 |
HUI NO' EAU VISUAL ARTS CENTER PURPOSE: TO SUPPORT THE ORGANIZATION'S PUBLIC SUPPORT ACTIVITIES. | $2,500 |
ART EMPOWERMENT FOR LIFE PURPOSE: TO SUPPORT THE ORGANIZATION'S EDUCATIONAL ACTIVITIES. | $2,000 |
Kahului, HI PURPOSE: TO SUPPORT THE ORGANIZATION'S PUBLIC SUPPORT ACTIVITIES. | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Daniel E Offutt Iii Charitable Tr Sarasota, FL | $1,076,359 | $6,500,161 |
BBVA Foundation Birmingham, AL | $0 | $7,925,433 |
E G Watkins Family Foundation West Palm Beach, FL | $3,784,813 | $11,500,184 |
The Anita James Rosen Foundation Inc St Petersburg, FL | $5,834,282 | $31,742 |
Peterffy Foundation West Palm Beach, FL | $132,920,946 | $11,657,366 |