Skip to main content

Addison H. Gibson Foundation

Profile

Last Updated: 2016-02-04

At A Glance

Addison H. Gibson Foundation

1 PPG Pl., Ste. 2230

Pittsburgh, PA United States 15222-5401

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2013-12-31)

Assets: $35,033,571

Total giving: $1,178,550

EIN

250965379

BRIDGE Number

6175651340

Additional Contact Information

E-mail contact for loans: ldunbar@gibson-fnd.org

Background

Foundation established in 1937 in PA - A native of Elderton, Armstrong County, Pennsylvania, Addison H. Gibson was a pioneer in the nation's oil and gas industry during the early twentieth century. Mr. Gibson's holdings were primarily located in Kansas, Oklahoma and east Texas. Although business often kept him away for extended periods of time, he always considered western Pennsylvania his home. In his will, Addison Gibson specified that the majority of his multi-million dollar fortune be used to help improve quality of life for needy western Pennsylvanians in two specific ways -- higher education and medical care. Because of his vision, the Addison H. Gibson Foundation has quietly provided assistance to thousands of qualifying western Pennsylvanians for over 70 years

Purpose and Activities

The purpose of the foundation is to help the people of western PA to become productive members of society (through education) or to return to productivity by receiving necessary medical treatment. To this end, the foundation provides limited grants to healthcare providers on behalf of self-supporting residents of western PA who have correctable medical conditions but do not have health insurance or the ability to pay for necessary treatment. The foundation also provides low-interest education loans to residents of western PA who have successfully completed at least one year of undergraduate or graduate study and continue to be enrolled as full-time students at an accredited college or university.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Gibson Education Loan Program

Scholarships in the amount of $12,000 maximum, is awarded to undergraduate students and a maximum of $18,000 to graduate students. Applicant must be in good academic standing and be able to demonstrate financial need.

Grants to Individuals Program

Student loans to financially needy residents of western Pennsylvania, enrolled as full time students in a baccalaureate, or graduate program. Financial assistance for hospital and medical costs to needy, self-supporting, long-term western Pennsylvania residents who otherwise cannot afford the medical aid which they require.

Medical Grants Program

Applicants must be referred to the foundation by their attending physicians or social service or hospital administrators prior to treatment. Grants are paid directly to providers rendering the services, and never to the patients. Grants are made at the sole discretion of the trustees. The foundation does not reimburse applicants or providers for previously incurred expense.

Fields of Interest

Subjects
  • Health
  • Higher education

Financial Data

Year ended 2013-12-31

Assets: $35,033,571 (market value)

Gifts received: $2,420,501

Expenditures: $1,813,673

Total giving: $1,178,550

Qualifying distributions: $2,416,397

Giving activities include:

$505,642 for grants to individuals

$672,908 for loans to individuals