GLENSTONE FOUNDATION
12100 GLEN RD, POTOMAC, MD · IRS data through FY2023
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2023 | $266,804,717 | $51,950,857 | $2,742,955,489 |
| FY2022 | $132,610,613 | $44,935,436 | $2,577,746,647 |
| FY2021 | $1,895,507,815 | $43,236,693 | $2,552,109,185 |
| FY2020 | $596,667,510 | $45,366,231 | $2,206,404,996 |
| FY2019 | $370,037,724 | $36,359,265 | $1,935,317,427 |
| FY2015 | $510,714,990 | $11,612,324 | $1,259,285,320 |
| FY2014 | $434,244,213 | $6,274,223 | $1,013,886,192 |
| FY2013 | $399,868,661 | $6,615,107 | $801,452,653 |
| FY2012 | $255,152,094 | $4,143,134 | $629,894,848 |
| FY2011 | $233,180,526 | $3,856,361 | $480,090,488 |
Grants paid
Total contributions, gifts and grants paid by year, as reported on Form 990-PF. Individual recipients are not published. See the largest grantmakers.
| Tax year | Grants paid |
|---|---|
| FY2023 | $2,824,691 |
| FY2022 | $6,320,299 |
| FY2021 | $8,510,012 |
| FY2020 | $5,280,455 |
| FY2019 | $544,607 |
| FY2015 | $852,098 |
| FY2014 | $227,500 |
| FY2013 | $121,000 |
| FY2012 | $185,500 |
| FY2011 | $266,000 |
What the numbers show
- Net assets covered about 633.6 months of expenses at the end of the reporting year. That puts it in the 98th percentile among 654 Arts, Culture & Humanities organizations in MD.
- Total revenue was higher than 100% of 668 Arts, Culture & Humanities organizations in MD.
- Total revenue rose from $233,180,526 in FY2011 to $266,804,717 in FY2023, Revenue increased in 7 and decreased in 2 of 9 year-over-year comparisons.
- Revenue covered expenses in each of the 10 reported years, FY2011 to FY2023.
- The highest revenue on record here is $1,895,507,815 in FY2021.
- Net assets grew from $480,090,488 to $2,742,955,489 between FY2011 and FY2023.
- Contributions and grants made up 50% of revenue in FY2011 and 16% in FY2023.
- Donations are generally tax-deductible (private operating foundation).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
IRS status
| Ruling year | 2007 |
| Subsection | 501(c)(3) |
| Classification | Private foundation |
| Program area (NTEE) | A40 — Arts, Culture & Humanities |
| Donations | Donations are generally tax-deductible (private operating foundation). |
Similar organizations
- NATIONAL GALLERY OF ART — LANDOVER, MD · $382,850,886
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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