Gerstner Family Foundation
- Assets
- $0.0
- Revenue
- $14.4m
- Investments
- $151.0m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 06/2007
- Data as of
- 12/2020
- EIN
- 20-8559135
Organization Overview
Gerstner Family Foundation is located in Palm Beach, FL. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gerstner Family 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 12/2020, Gerstner Family Foundation generated $14.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $9.7m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Gerstner Family Foundation has awarded 194 individual grants totaling $36,587,874. 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 |
|---|---|---|---|
Kara V Klein Trustee, Executive Director | 25 | $375,000 | |
Sarah D Persily Program Director | 40 | $123,750 | |
Molly C Gelinas Program Assistant | 40 | $88,000 | |
Dr Elizabeth R Gerstner Trustee, Vice President | 8 | $71,000 | |
Lea Carpenter-Brokaw Trustee (thru 5/25/21) | 1 | $1,000 | |
Sandra Horbach Trustee (thru 5/25/21) | 1 | $1,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackstone Real Estate Advisors Lp | 12/30/21 | $191,182 |
Avon Lane Llc | 12/30/21 | $130,584 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $983 |
| Interest on Savings | $9,783 |
| Dividends & Interest | $3,136,051 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,936,338 |
| Total Revenue | $14,356,897 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $395,000 |
| Pension plans, employee benefits | $44,818 |
| Depreciation | $0 |
| Occupancy | $73,301 |
| Travel, conferences, and meetings | $1,711 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $2,342,205 |
| Contributions, gifts, grants paid | $7,343,460 |
| Total expenses and disbursements | $9,685,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $125,373,003 |
| Other assets | $202,686 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $71,647 |
Grants Awarded
Over the last fiscal year, Gerstner Family Foundation has awarded $13,697,109 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
DARTMOUTH COLLEGE PURPOSE: EDUCATION - SCHOLARSHIP PROGRAM | $2,400,000 |
DARTMOUTH COLLEGE PURPOSE: EMERGENCY GRANTS PROGRAM | $1,200,000 |
COLUMBIA UNIVERSITY PURPOSE: BIOMEDICAL RESEARCH | $1,000,000 |
COLUMBIA UNIVERSITY PURPOSE: BIOMEDICAL RESEARCH | $1,000,000 |
OFFICE OF CATHOLIC SCHOOLS DIOCESE OF PALM BEACH PURPOSE: EDUCATION - SCHOLARSHIP PROGRAM | $594,000 |
New York, NY PURPOSE: BIOMEDICAL RESEARCH | $555,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |
Audrey And Martin Gruss Foundation West Palm Beach, FL | $0 | $7,573,459 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
St2 Foundation Inc Sunny Isles Beach, FL | $11,092,190 | $2,139,284 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |