Harold And Kathleen Gershman Foundation
- Assets
- $705.1k
- Revenue
- -$49.0k
- Investments
- $672.1k
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 11/2007
- Data as of
- 12/2022
- EIN
- 26-1584651
Organization Overview
Harold And Kathleen Gershman Foundation is located in Grand Forks, ND. The organization was established in 2007. 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. Harold And Kathleen Gershman Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Harold And Kathleen Gershman Foundation has awarded 242 individual grants totaling $1,999,619. 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 |
|---|---|---|---|
Harold Gershman President | 1 | $0 | |
Leonora Gershman Treasurer | 1 | $0 | |
Kathy Gershman Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22,722 |
| Dividends & Interest | $20,395 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$92,139 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$49,022 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,440 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,332 |
| Total operating and administrative expenses | $13,903 |
| Contributions, gifts, grants paid | $1,159,500 |
| Total expenses and disbursements | $1,173,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,161 |
| 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 | $135,573 |
| Investments—other | $75,272 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,793 |
| Total assets | $705,092 |
| 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, Harold And Kathleen Gershman Foundation has awarded $1,159,500 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
Medora, ND PURPOSE: FURTHERANCE OF 501(C)(3)S CHARITABLE PURPOSE | $1,000,000 |
GRAND FORKS FOUNDATION FOR EDUCATION PURPOSE: FURTHERANCE OF 501(C)(3)S CHARITABLE PURPOSE | $62,500 |
Grand Forks, ND PURPOSE: FURTHERANCE OF 501(C)(3)S CHARITABLE PURPOSE | $50,000 |
EMPIRE ARTS CENTER PURPOSE: FURTHERANCE OF 501(C)(3)S CHARITABLE PURPOSE | $7,000 |
Grand Forks, ND PURPOSE: FURTHERANCE OF 501(C)(3)S CHARITABLE PURPOSE | $7,000 |
Los Angeles, CA PURPOSE: FURTHERANCE OF 501(C)(3)S CHARITABLE PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |
Gianforte Fam Charitable Tr Bozeman, MT | $232,267,609 | $12,872,148 |
The Aditi Foundation Sioux Falls, SD | $272,669 | $9,625,048 |
Denny Sanford Foundation Sioux Falls, SD | $42,390,595 | $5,136,218 |
Montana Healthcare Foundation Bozeman, MT | $211,845,474 | $27,605,227 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Hugh J Andersen Foundation Bayport, MN | $156,260,583 | $11,255,430 |