Nonprofit · EIN 90-0705352
DAVID AND LORNA GLADSTONE FOUNDATION
Tax-exempt · MCLEAN, VA 22102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2026 | 990-PF | $184,934 | $415,307 | -$230,373 | $6,741,375 | $7,106 | $6,734,269 |
| June 30, 2025 | 990-PF | $347,839 | $467,990 | -$120,151 | $7,202,665 | $5,477 | $7,197,188 |
| June 30, 2024 | 990-PF | $349,110 | $219,428 | $129,682 | $8,078,389 | $2,842 | $8,075,547 |
Financial details: 990-PF for the year ended June 30, 2026
Revenue
- Dividends
- $184,903
- Interest
- $31
Expenses
- Grants and similar amounts paid
- $369,940
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $369,940
- Excise tax on investment income
- $4,178
Balance sheet and other
- Total assets, start of year
- $7,202,665
- Total assets, end of year
- $6,741,375
- Total liabilities, end of year
- $7,106
- Net assets, end of year
- $6,734,269
- Fair market value of assets
- $6,741,375
- Qualifying distributions
- $369,940
- Net investment income
- $305,644
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended June 30, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID GLADSTONE 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | CHAIRMAN, CEO & PRESIDENT | 1 | $0 |
| LORNA GLADSTONE 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | DIRECTOR | 2 | $0 |
| MICHAEL LICALSI 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | GENERAL COUNSEL, SEC., AND DIRECTOR | 0.5 | $0 |
| LAURA GLADSTONE 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | DIRECTOR | 0.25 | $0 |
| MICHAEL MALESARDI 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | CHIEF ACCOUNTING OFFICER | 2 | $0 |
| JOHN DELLAFIORA 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | CHIEF COMPLIANCE OFFICER | 0.25 | $0 |
990-PF for the year ended June 30, 2025: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID GLADSTONE 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | CHAIRMAN, CEO & PRESIDENT | 1 | $0 |
| LORNA GLADSTONE 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | DIRECTOR | 2 | $0 |
| MICHAEL LICALSI 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | GENERAL COUNSEL, SEC., AND DIRECTOR | 0.5 | $0 |
| TERRY BRUBAKER 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | EVP AND DIRECTOR | 0.25 | $0 |
| LAURA GLADSTONE 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | DIRECTOR | 0.25 | $0 |
| MICHAEL MALESARDI 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | CHIEF ACCOUNTING OFFICER | 2 | $0 |
| JOHN DELLAFIORA 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | CHIEF COMPLIANCE OFFICER | 0.25 | $0 |
990-PF for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID GLADSTONE 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | CFO, PRESIDENT AND DIRECTOR | 1 | $0 |
| LORNA GLADSTONE 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | DIRECTOR | 2 | $0 |
| MICHAEL LICALSI 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | GENERAL COUNSEL, SEC., AND DIRECTOR | 0.5 | $0 |
| TERRY BRUBAKER 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | EVP AND DIRECTOR | 0.25 | $0 |
| LAURA GLADSTONE 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | DIRECTOR | 0.25 | $0 |
| MICHAEL MALESARDI 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | CHIEF ACCOUNTING OFFICER | 2 | $0 |
| JOHN DELLAFIORA 1521 WESTBRANCH DRIVE 100, MCLEAN, VA 22102 | CHIEF COMPLIANCE OFFICER | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 1521 WESTBRANCH DR STE 100, MCLEAN, VA 22102-3211
- In care of
- % DAVID & LORNA GLADSTONE FDN
- Signed the 990-PF
- MICHAEL MALESARDI, CHIEF ACCOUNTING OFFICER
- Phone
- (703) 287-5835
- Return prepared by
- KPMG LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | 990-PF on file |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 90-0705352
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2011
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $7,202,665
- Income (IRS master file)
- $347,839
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2026 | $184,934 | $415,307 | $6,741,375 | XML |
| 990-PF | June 2025 | $347,839 | $467,990 | $7,202,665 | IRS |
| 990-PF | June 2024 | $349,110 | $219,428 | $8,078,389 | XML |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 90-0705352).
Questions about DAVID AND LORNA GLADSTONE FOUNDATION
- What is the EIN of DAVID AND LORNA GLADSTONE FOUNDATION?
- The employer identification number (EIN) of DAVID AND LORNA GLADSTONE FOUNDATION is 90-0705352.
- Is DAVID AND LORNA GLADSTONE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to DAVID AND LORNA GLADSTONE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DAVID AND LORNA GLADSTONE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DAVID AND LORNA GLADSTONE FOUNDATION due?
- The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DAVID AND LORNA GLADSTONE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2026.
- Who are the officers and directors of DAVID AND LORNA GLADSTONE FOUNDATION?
- The 990-PF for the year ended June 30, 2026 lists 6 people; 0 received compensation from the organization.
- How much revenue does DAVID AND LORNA GLADSTONE FOUNDATION have?
- On its 990-PF for the year ended June 30, 2026 it reported revenue of $184,934, expenses of $415,307 and total assets of $6,741,375 at year end.
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