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Glastad Charitable Trust is a private trust based in SUCCASUNNA, NJ. The foundation received its IRS ruling in 1998. The principal officer is Karl Glastad. It holds total assets of $653K. Annual income is reported at $2.5M. Total assets have grown from $379K in 2011 to $610K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Texas and Illinois. According to available records, Glastad Charitable Trust has made 53 grants totaling $93K, with a median grant of $1K. Annual giving has decreased from $60K in 2022 to $33K in 2023. Individual grants have ranged from $250 to $4K, with an average award of $2K. The foundation has supported 21 unique organizations. The foundation primarily supports organizations in Texas, Illinois, Florida, which account for 75% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$900
Median Grant
$1K
Average Grant
$2K
Largest Grant
$4K
Based on 17 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Glastad Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 53 grants. Its grantmaking reaches organizations primarily in TX, IL, FL.
Glastad Charitable Trust has distributed a total of $93K across 53 grants. The median grant size is $1K, with an average of $2K. Individual grants have ranged from $250 to $4K.
Glastad Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Glastad Charitable Trust is headquartered in SUCCASUNNA, NJ. While based in NJ, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joyce Everswick | Trustee | $0 | $0 | N/A |
| Mark Everswick | Trustee | $0 | $0 | N/A |
Total Giving
$35K
Total Assets
$610K
Fair Market Value
$623K
Net Worth
$551K
Grants Paid
$33K
Contributions
N/A
Net Investment Income
$10K
Distribution Amount
$35K
Total Grants
53
Total Giving
$93K
Average Grant
$2K
Median Grant
$1K
Unique Recipients
21
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| 1517orgReligious support | Irvine, CA | $4K | 2023 |
| Poiema FoundationSupport | Rockwall, TX | $900 | 2023 |
| TeamGeneral Support | Carol Stream, IL | $4K | 2023 |
| Team GivingGeneral support | Carol Stream, IL | $3K | 2023 |
| Bible Exposition InstituteGeneral Support | Denton, TX | $3K | 2023 |
| Allegro Organizational SolutionsGeneral support | Houston, TX | $2K | 2023 |
| Camp Of The WoodsLift Mission Trips | Speculator, NY | $2K | 2023 |
| Love God GreatlyGeneral support | Heath, TX | $2K | 2023 |
| CruGeneral support | Orlando, FL | $2K | 2023 |
| Teach BeyondGeneral support | Downers Grove, IL | $1K | 2023 |
| Sim UsaGeneral support | Charlotte, NC | $1K | 2023 |
| Student MobilizationGeneral support | Conway, AR | $1K | 2023 |
| Wheaton AcademyGeneral support | West Chicago, IL | $1K | 2023 |
| Lutheran Bretheren InternationalGeneral Support | Fergus Falls, MN | $1K | 2023 |
| Center Point Bible InstituteGeneral support | Caddo Mills, TX | $1K | 2023 |
| Hope DawningSupport | Rockwall, TX | $900 | 2023 |
| Probe MinistriesMinistry | Plano, TX | $750 | 2023 |
| Pioneers UsaReligious support | Orlando, FL | $250 | 2023 |
| Baylor FoundationGeneral support | Dallas, TX | $2K | 2022 |
| Global Service NetworkGeneral support | Brooklyn, NY | $2K | 2022 |
| Lutheran Brethren MissionsSupport | Fergus Falls, MN | $1K | 2022 |