Gerry Fam Foundation Tr
- Assets
- $105.9k
- Revenue
- $31.4k
- Investments
- $83.6k
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 02/2001
- Data as of
- 12/2022
- EIN
- 06-6505441
Organization Overview
Gerry Fam Foundation Tr is located in Vero Beach, FL. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Gerry Fam Foundation Tr 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 12/2022, Gerry Fam Foundation Tr generated $31.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $32.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gerry Fam Foundation Tr has awarded 89 individual grants totaling $228,530. 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 |
|---|---|---|---|
Elbridge T Gerry III Trustee | 0 | $0 | |
Janet J Gerry Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,115 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,731 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,559 |
| Capital Gain Net Income | $13,707 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,405 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $299 |
| Total operating and administrative expenses | $334 |
| Contributions, gifts, grants paid | $32,200 |
| Total expenses and disbursements | $32,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,040 |
| Net Accounts receivable | $303 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $105,940 |
| 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, Gerry Fam Foundation Tr has awarded $32,200 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND CLINIC INDIAN RIVER PURPOSE: IN FURTHERANCE OF STATED OBJECTIVE | $2,000 |
COLGATE UNIVERSITY PURPOSE: IN FURTHERANCE OF STATED OBJECTIVE | $2,500 |
ECKERD COLLEGE PURPOSE: IN FURTHERANCE OF STATED OBJECTIVE | $1,000 |
FLOAT HOPE NOW PURPOSE: IN FURTHERANCE OF STATED OBJECTIVE | $500 |
GIFFORD YOUTH ACHIEVEMENT CENTER PURPOSE: IN FURTHERANCE OF STATED OBJECTIVE | $500 |
HOMELESS CHILDREN'S FOUNDATION PURPOSE: IN FURTHERANCE OF STATED OBJECTIVE | $1,000 |