David And Lorna Gladstone Foundation
- Assets
- $8.5m
- Revenue
- $5.0m
- Investments
- $3.5m
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 09/2011
- Data as of
- 06/2023
- EIN
- 90-0705352
Organization Overview
David And Lorna Gladstone Foundation is located in Mclean, VA. The organization was established in 2011. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. David And Lorna Gladstone 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 06/2023, David And Lorna Gladstone Foundation generated $5.0m in total revenue. All expenses for the organization totaled $367.1k during the year ending 06/2023. While expenses have increased by 6.5% per year over the past 4 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 2020, David And Lorna Gladstone Foundation has awarded 162 individual grants totaling $1,149,712. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Gladstone Cfo, President And Director | 1 | $0 | |
Lorna Gladstone Director | 2 | $0 | |
Michael Licalsi General Counsel And Secretary | 0.5 | $0 | |
Terry Brubaker Evp And Director | 0.25 | $0 | |
Michael Malesardi Chief Accounting Officer | 2 | $0 | |
John Dellafiora Chief Compliance Officer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,019,815 |
| Interest on Savings | $3,400 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,023,215 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $708 |
| Total operating and administrative expenses | $31,502 |
| Contributions, gifts, grants paid | $335,562 |
| Total expenses and disbursements | $367,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,311 |
| Savings and temporary cash investments | $4,895,167 |
| 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 | $3,504,558 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,476,036 |
| 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 | $5,455 |
| Total liabilities | $5,455 |
Grants Awarded
Over the last fiscal year, David And Lorna Gladstone Foundation has awarded $335,562 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
BEST FRIENDS ANIMAL SOCIETY PURPOSE: CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $300 |
BIBLICAL ARCHEOLOGY SOCIETY PURPOSE: CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $500 |
BILLY GRAHAM EVANGELISTIC ASSOCIATION PURPOSE: CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $7,000 |
BRUNSWICK SCHOOL PURPOSE: CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $25,000 |
CAPITAL AREA FOOD BANK PURPOSE: CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $25,000 |
CENTRAL UNION MISSION PURPOSE: CARRYING ON CHARITABLE PURPOSES OF EXEMPT ORGANIZATION | $10,000 |