Gilmer Smith Foundation

Organization Overview

Gilmer Smith Foundation is located in Mount Airy, NC. The organization was established in 1982. 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. Gilmer Smith 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 11/2023, Gilmer Smith Foundation generated $44.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $101.9k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2023

Describe the Organization's Program Activity:

Part 3 - Line 4a

GERTRUDE SMITH HOUSEPRESERVED HISTORIC HOME ON THE NATIONAL HISTORIC REGISTER708 NORTH MAIN STREET; MOUNT AIRY, NC 27030HISTORIC SITE1. FREE MUSIC PROGRAMS.2. INDIVIDUAL AND CULTURAL TOURS.3. OPEN HOUSES.4. GROUNDS - PAUL KEARY MEMORIAL GARDEN FOR THE SENSES AND SPECIAL PROJECTS FOR THE SCOUTS AND OTHERS.5. ART AND FURNITURE COLLECTION TO DISPLAY THE LIFESTYLE OF THE INTERIOR DESIGNER AND FAMILY.6. HOUSE IS AVAILABLE FOR EDUCATIONAL TOURS.ALL EVENTS ARE FREE TO THE PUBLIC.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $48
Dividends & Interest $54,921
Net Rental Income$0
Net Gain on Sale of Assets -$10,324
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $208
Total Revenue $44,853

Grants Awarded

Over the last fiscal year, Gilmer Smith Foundation has awarded $350 in support to 2 organizations.

Grant RecipientAmount

MOUNT AIRY MUSEUM OF REGIONAL HISTORY

PURPOSE: EDUCATIONAL

$100

WOLTZ HOSPICE HOME

PURPOSE: MEMORIAL

$250
View Grant Profile

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