Patrick A Gerschel Foundation
- Assets
- $5.7m
- Revenue
- $391.4k
- Investments
- $4.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1986
- Data as of
- 12/2022
- 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 12/2022, Patrick A Gerschel Foundation generated $391.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $298.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Patrick A Gerschel Foundation has awarded 41 individual grants totaling $1,017,400. 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 Treasurer | 0.5 | $0 | |
Edouard R Gerschel Vice President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,739 |
| Dividends & Interest | $146,145 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $236,536 |
| Capital Gain Net Income | $236,536 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $391,420 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,951 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,700 |
| Total operating and administrative expenses | $27,651 |
| Contributions, gifts, grants paid | $271,200 |
| Total expenses and disbursements | $298,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,225 |
| Savings and temporary cash investments | $1,430,347 |
| 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 | $537,615 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,709,312 |
| 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 $271,200 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF THE LOUVRE 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. | $8,700 |
KING BAUDOUIN FOUNDATION OF THE UNITED STATES PURPOSE: CONTRIBUTION IN SUPPORT OF THE FRIENDS OF THE NATIONAL LIBRARY OF FRANCE AT THE KING BAUDOUIN FOUNDATION UNITED STATES. | $75,000 |
KING BAUDOUIN FOUNDATION OF THE UNITED STATES PURPOSE: DONATION FOR ADVISED GIFT FUND IN SUPPORT OF THE ACTIVITIES OF MUSEE NATIONAL DE LA MARINE | $25,000 |
INSTITUTE OF CLASSICAL ARCHITECTURE & ART PURPOSE: SUPPORT FOR IN PERSON AND VIRTUAL PROGRAMMING OPPORTUNITIES TO MAKE EDUCATION IN CLASSICAL ARCHITECTURE AND DESIGN ACCESSIBLE TO THE PUBLIC THROUGH ICCA'S YOUTUBE CHANNEL. | $5,000 |
THE ROCKEFELLER UNIVERSITY PURPOSE: CONTRIBUTION TO ANNUAL FUND THAT SUPPORTS THE UNIVERSITY'S LEADING EDGE IN BIOMEDICAL RESEARCH AND HELPING EDUCATE THE NEXT GENERATION OF INVESTIGATORS. | $25,000 |
THE FRICK COLLECTION PURPOSE: CONTRIBUTION IN SUPPORT OF THE FRICK'S LEGACY OF PRESERVATION, PROVIDE ACCESS AND ENJOYMENT OF THE COLLECTION AT FRICK MADISON, HELP PRESENT IMPORTANT EDUCATIONAL PROGRAMS FOR THE PUBLIC AND ENRICH THE UNIQUE RESOURCES OF THE FRICK ART REFERENCE LIBRARY. | $10,000 |