Gershwind Foundation
- Assets
- $7.9m
- Revenue
- $48.7k
- Investments
- $7.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-1617389
Organization Overview
Gershwind Foundation is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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 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 Foundation generated $48.7k 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 (41.3%) each year. All expenses for the organization totaled $577.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gershwind Foundation has awarded 156 individual grants totaling $3,026,018. 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 |
|---|---|---|---|
Erik Gershwind Director | 0 | $0 | |
Jackie Gershwind Vice President | 0 | $0 | |
J Robert Small Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,910 |
| Dividends & Interest | $57,097 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,263 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $48,744 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,312 |
| Total operating and administrative expenses | $29,186 |
| Contributions, gifts, grants paid | $548,567 |
| Total expenses and disbursements | $577,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $945,675 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $480 |
| 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 | $5,448,479 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,929,122 |
| 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 Foundation has awarded $548,567 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
RIVERSIDE HAWKS PURPOSE: CHARITABLE | $32,732 |
SID JACOBSON JEWISH COMMUNITY CENTER PURPOSE: CHARITABLE | $3,000 |
CHILDREN'S MEDICAL FUND OF NEW YORK PURPOSE: MEDICAL | $4,040 |
NORTHWELL HEALTH FOUNDATION PURPOSE: CHARITABLE | $50,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: EDUCATIONAL | $138,333 |
UJA-FEDERATION OF NEW YORK PURPOSE: CHARITABLE | $58,312 |