Gerald And Claire Gerath Foundation Tr
- Assets
- $1.2m
- Revenue
- $82.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 03/2010
- Data as of
- 12/2023
- EIN
- 26-6648184
Organization Overview
Gerald And Claire Gerath Foundation Tr is located in West Hartford, CT. The organization was established in 2010. 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. Gerald And Claire Gerath 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 12/2023, Gerald And Claire Gerath Foundation Tr generated $82.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $153.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gerald And Claire Gerath Foundation Tr has awarded 34 individual grants totaling $1,285,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MADE CHARITABLE CONTRIBUTIONS TO ORGANIZATIONS DESCRIBED IN ITS ORGANIZATION DOCUMENT.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,725 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,809 |
| Capital Gain Net Income | $36,624 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $82,534 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $690 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,328 |
| Total operating and administrative expenses | $28,896 |
| Contributions, gifts, grants paid | $125,000 |
| Total expenses and disbursements | $153,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,297 |
| Savings and temporary cash investments | $0 |
| 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 | $1,224,254 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,237,551 |
| 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, Gerald And Claire Gerath Foundation Tr has awarded $125,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OUR COMPANIONS DOMESTIC A PURPOSE: PROVIDE BENEFITS FOR HEALTH, WELFARE | $40,000 |
OUT TO PASTURE PURPOSE: PROVIDE BENEFITS FOR HEALTH, WELFARE | $40,000 |
THE SIMON FOUNDATION INC PURPOSE: PROVIDE BENEFITS FOR HEALTH, WELFARE | $40,000 |
WHERE THE LOVE IS ANIMAL RESCUE PURPOSE: PROVIDE BENEFITS FOR HEALTH, WELFARE | $5,000 |