Gershwind Family Foundation
- Assets
- $18.0m
- Revenue
- $7.2k
- Investments
- $15.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 11-3359917
Organization Overview
Gershwind Family Foundation is located in New York, NY. The organization was established in 1997. 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. Gershwind 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 12/2022, Gershwind Family Foundation generated $7.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (41.6%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gershwind Family Foundation has awarded 345 individual grants totaling $10,547,668. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marjorie Gershwind Fiverson Director / President | 0 | $0 | |
Stacey Bennett Director / VP | 0 | $0 | |
Erik Gershwind Director / VP | 0 | $0 | |
J Robert Small Treasurer / Secretary | 0 | $0 | |
Joshua Jacobson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29,663 |
| Dividends & Interest | $8,856 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$31,285 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,234 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,360 |
| Total operating and administrative expenses | $37,360 |
| Contributions, gifts, grants paid | $1,504,317 |
| Total expenses and disbursements | $1,541,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,956,512 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $7,800 |
| 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 | $14,766,971 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,969,275 |
| 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, Gershwind Family Foundation has awarded $1,504,317 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
HEAD INJURY FOUNDATION INC PURPOSE: CHARITABLE | $5,000 |
MORSELIFE FOUNDATION INC PURPOSE: CHARITABLE | $20,000 |
SID JACOBSON JEWISH COMMUNITY CENTER PURPOSE: CHARITABLE | $7,200 |
JEWISH FEDERATION OF PALM BEACH COUNTY PURPOSE: CHARITABLE | $59,250 |
AMERICAN FRIENDS OF THE ISRAEL MUSEUM PURPOSE: CHARITABLE | $5,000 |
PALM BEACH UNITED WAY INC PURPOSE: CHARITABLE | $1,500 |