POTOMAC, MD
Glenstone Foundation
Quick Facts
- EIN
- 205938416
- Location
- POTOMAC, MD
- Category
- Arts & Culture
- Total Assets
- $3B
- Annual Income
- $63.3M
- IRS Ruling Year
- 2007
- Organization Type
- Corporation
- Principal Officer
- % C Scott Brannan
- Tax Deductibility
- Contributions are deductible
About This Foundation
Glenstone Foundation is a private corporation based in POTOMAC, MD. The foundation received its IRS ruling in 2007. The principal officer is % C Scott Brannan. It holds total assets of $3B. Annual income is reported at $63.3M. The foundation operates in the area of arts & culture. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$52M
2023+16%
Total Assets
$2.9B
2023+4%
Fair Market Value
$4.3B
2023
Net Worth
$2.7B
2023
Grants Paid
$2.8M
2023
Contributions
$41.5M
2023
Net Investment Income
$187.6M
2023
Distribution Amount
$0
2023
Total Giving by Year
$3.9M
11$4.1M
12$6.6M
13$6.3M
14$11.6M
15$36.4M
19$45.4M
20$43.2M
21$44.9M
22$52M
23Asset Growth
$584.1M
11$702.6M
12$849.9M
13$1B
14$1.3B
15$1.9B
19$2.3B
20$2.8B
21$2.8B
22$2.9B
23Investment Portfolio (2023)
Total: $225.9M
Corporate Stock: $225.9M
Other Investments: $238M
Cash: $29K
Corporate Stock (49%)
Other Investments (51%)
Cash (0%)
Expense Breakdown (2023)
Depreciation$10.6M
Interest$9.1M
Grants Paid$2.8M
Pension & Benefits$1.9M
Legal Fees$1.3M
Occupancy$1.2M
Officer Compensation$456K
Travel & Conferences$264K
Printing & Publications$109K
Accounting Fees$28K
Revenue Sources (2023)
- Capital Gains (Net)
- $183.1M
- Contributions
- $41.5M
- Other Income
- $33.1M
- Dividends
- $8.1M
- Interest
- $1.1M
- Business Profits
- $-104,895
Financial Details (2023)
- Total Revenue
- $266.8M
- Total Expenses
- $52M
- Exempt Purpose Expenses
- $39.1M
- Required Distribution
- $0
- Undistributed Income
- $0
- Grants Approved (Future)
- $20K
- Total Liabilities
- $170.6M
- Excise Tax
- $2.6M
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
30
Total Giving
$20.1M
Average Grant
$670K
Median Grant
$16K
Total Giving by Year
$5.3M (10 grants)
20$8.5M (10 grants)
21$6.3M (10 grants)
22Grant Range
Min$70
Max$5M
Median: $16K
Smallest grantLargest grant
Openness to New Grantees (2022)
30%
of 2022 grantees were first-time recipients
Geographic Distribution of Grants
AK
ME
ME: $490K (1)
VT
VT: $20K (2)
NH
WA
ID
MT
ND
MN
WI
MI
NY
NY: $10.2M (6)
MA
CT
RI
OR
NV
WY
SD
IA
IL
IL: $115K (2)
IN
OH
PA
PA: $200 (1)
NJ
NJ: $23K (2)
CA
CA: $15K (1)
UT
CO
NE
MO
KY
WV
VA
MD
MD: $734K (5)
DE
DC
DC: $8.5M (9)
AZ
AZ: $15K (1)
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
HI
TX
NY$10.2M (6)
DC$8.5M (9)
MD$734K (5)
ME$490K (1)
IL$115K (2)
NJ$23K (2)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Studio Museum HarlemSUPPORT THE ARTS | Ny, NY | $5M | 2022 |
| National Gallery Of ArtSUPPORT THE ARTS | Washington, DC | $728K | 2022 |
| Scotland Ame ChurchGENERAL SUPPORT | Potomac, MD | $504K | 2022 |
| Foundation For Contemporary ArtsSUPPORT THE ARTS | Ny, NY | $50K | 2022 |
| Anyone Can Fly Foundation IncFEED THE HUNGRY | Englewood, NJ | $18K | 2022 |
| Shelburne MuseumSUPPORT THE ARTS | Shelburne, VT | $10K | 2022 |
| United Way Of National Capital AreaGENERAL SUPPORT | Washington, DC | $7K | 2022 |
| City Kids Wilderness ProjectFEED THE HUNGRY | Washington, DC | $4K | 2022 |
| Ars Nova Workshop IncSUPPORT THE ARTS | Philadelphia, PA | $200 | 2022 |
| Audubon Naturalist Society Of Central Atlantic StatesSUPPORT THE ARTS | Chevy Chase, MD | $70 | 2022 |
| Studio Museum HarlemSUPPORT THE ARTS | Ny, NY | $5M | 2021 |
| National Gallery Of ArtSUPPORT THE ARTS | Washington, DC | $3.1M | 2021 |
| Scotland Ame ChurchGENERAL SUPPORT | Potomac, MD | $225K | 2021 |
| Metropolitan Museum Of ArtSUPPORT THE ARTS | Ny, NY | $50K | 2021 |
| Foundation For Contemporary ArtsSUPPORT THE ARTS | Ny, NY | $50K | 2021 |
| Hammer MuseumSUPPORT THE ARTS | Los Angeles, CA | $15K | 2021 |
| Shelburne MuseumSUPPORT THE ARTS | Shelburne, VT | $10K | 2021 |
| United Way Of National Capital AreaGENERAL SUPPORT | Washington, DC | $6K | 2021 |
| Manna Food CenterFEED THE HUNGRY | Silver Spring, MD | $2K | 2021 |
| Food And Friends IncFEED THE HUNGRY | Washington, DC | $2K | 2021 |
| National Gallery Of ArtSUPPORT THE ARTS | Washington, DC | $4.5M | 2020 |
| Mount Desert 365GENERAL SUPPORT | Northeast Harbor, ME | $490K | 2020 |
| United States ArtistsSUPPORT THE ARTS | Chicago, IL | $100K | 2020 |
| Foundation For Contemporary ArtsSUPPORT THE ARTS | Ny, NY | $75K | 2020 |
| Washington Project For The ArtsSUPPORT THE ARTS | Washington, DC | $25K | 2020 |
| Museum Of Contemporary ArtSUPPORT THE ARTS | Chicago, IL | $15K | 2020 |
| Alliance For Global Justice CorpGENERAL SUPPORT | Tucson, AZ | $15K | 2020 |
| Anyone Can Fly Foundation IncSUPPORT THE ARTS | Englewood, NJ | $5K | 2020 |
| United Way Of National Capital AreaGENERAL SUPPORT | Washington, DC | $5K | 2020 |
| Manna Food CenterFEED THE HUNGRY | Silver Spring, MD | $3K | 2020 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
| 2018-12 | 990PF | View Filing |
| 2017-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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