Patrick A Gerschel Foundation
- Assets
- $5.6m
- Revenue
- $504.5k
- Investments
- $3.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1986
- Data as of
- 12/2021
- EIN
- 13-3317180
Organization Overview
Patrick A Gerschel Foundation is located in New York, NY. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patrick A Gerschel Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Patrick A Gerschel Foundation generated $504.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $238.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Patrick A Gerschel Foundation has awarded 30 individual grants totaling $746,200. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick A Gerschel President/director | 1.5 | $0 | |
Jonathan Botwinick Vice President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $403 |
| Dividends & Interest | $140,046 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $364,095 |
| Capital Gain Net Income | $364,095 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $504,544 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,511 |
| Total operating and administrative expenses | $18,511 |
| Contributions, gifts, grants paid | $220,200 |
| Total expenses and disbursements | $238,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,675 |
| Savings and temporary cash investments | $2,068,878 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $91,181 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,616,743 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Patrick A Gerschel Foundation has awarded $220,200 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: CONTRIBUTION IN SUPPORT OF THE FRIENDS OF THE NATIONAL LIBRARY OF FRANCE AT THE KING BAUDOUIN FOUNDATION UNITED STATES. | $50,000 |
New York, NY PURPOSE: SUPPORT FOR THE ORGANIZATION CHARITABLE MISSION OF PROVIDING ADVANCES IN MEDICAL SCIENCE TO TREAT CANCER THROUGH CLINICAL, RESEARCH AND EDUCATIONAL INITIATIVES. | $50,000 |
New York, NY PURPOSE: CONTRIBUTION TO ANNUAL FUND THAT SUPPORTS THE UNIVERSITY'S LEADING EDGE IN BIOMEDICAL RESEARCH AND HELPING EDUCATE THE NEXT GENERATION OF INVESTIGATORS. | $50,000 |
New York, NY PURPOSE: CONTRIBUTION TOWARD THE COUNCIL ON FOREIGN RELATIONS ANNUAL FUND WHICH SUPPORTS THE COUNCIL'S ROLE AS AN INDEPENDENT, NONPARTISAN RESOURCE FOR ITS MEMBERS AND THE GENERAL PUBLIC ON CURRENT EMERGING FOREIGN POLICY ISSUES. | $25,000 |
New York, NY PURPOSE: CONTRIBUTION TO 2021 THANK YOU GALA IN SUPPORT FOR CHARITABLE PURPOSE TO PREVENT VIOLENCE, SEXUAL ABUSE AND EXPLOITATION OF CHILDREN. | $15,000 |
New York, NY PURPOSE: DONATION FOR MEMBERSHIP IN THE CHAIRMAN'S CIRCLE WHICH SUPPORTS THE ORGANIZATION'S CHARITABLE PURPOSE TO SUPPORT THE MUSEUM'S PUBLIC, SOCIAL OUTREACH PROGRAMS AND GRANTS FOR PROJECTS WITHIN EACH OF THE MUSEUM'S EIGHT CURATORIAL DEPARTMENTS. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |