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THE GERSTNER FAMILY FOUNDATION

ARMONK, NY · EIN 208559135 · Form 990PF · FY2024 · NTEE T22 · Philanthropy & Grantmaking · Large ($10M-$50M)
revenue
$16.7M
expenses
$4.7M
net assets
$157.9M
employees
profile · synthesized from sources

The Gerstner Family Foundation is a private foundation based in Armonk, NY, that supports charitable causes through grantmaking. It funds initiatives in education, environmental research, biomedical research, and emergency services for vulnerable populations. The foundation primarily awards grants to universities, nonprofits, and intermediary funds across the United States.

named programs · 5 · from sources

What they call their work

Biomedical Research
Provides grants to Columbia University for biomedical research initiatives
Education - Scholarship Program
Supports scholarship funding at institutions including Dartmouth College and the Diocese of Palm Beach
Emergency Grants Program
Supports emergency assistance services for homeless and vulnerable populations through organizations like Coalition for the Homeless, FamilyAid Boston, Safe Horizon, and Part of the Solution
Environmental Research
Funds environmental research through grants to Windward Fund, Cornell University, MIT, and Activate Global Inc
Food Pantry Program
Funds food distribution through Treasure Coast Food Bank
activities · 5 groups

What they do

  • Medical Research Funding 1 activity
    • Funding biomedical research
      Awards grants to support biomedical research, including a $1,000,000 grant to Columbia University in 2024.
  • General Operating Support Grants 1 activity
    • Funding emergency grants for homeless and social services
      Provides emergency funding for organizations delivering homeless and social services, including $465,000 to Coalition for the Homeless Inc, $365,000 to Part of the Solution Inc, $438,000 to FamilyAid Boston Inc, and $395,000 to Safe Horizon Inc in 2024.
  • Climate Change Research and Advocacy Funding 1 activity
    • Funding environmental research
      Supports environmental research initiatives through major grants, including $1,750,000 to the Windward Fund, $609,052 to Activate Global Inc, $493,271 to Cornell University, and $479,836 to Massachusetts Institute of Technology in 2024.
  • Charitable Grantmaking to Specific Causes 1 activity
    • Funding food pantry operations
      Finances food pantry operations through grants, including a $1,006,819 grant to Treasure Coast Food Bank Incorporated in 2024.
  • Multi-Institution Scholarship Funding 1 activity
    • Funding scholarship programs
      Provides grants to support scholarship programs at educational institutions, including a $1,756,000 grant to Dartmouth College and a $414,000 grant to the Diocese of Palm Beach in 2024.
financials · form 990PF · fy2024
revenue
Total revenue$16.73M
Contributions & grants$9870%
Program service revenue
Investment income$3.57M21%
Other revenue$12.27M
expenses
Total expenses$4.73M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$520K
Grants paid out$12.47M
balance sheet
Total assets$157.91M
Cash
Investments
Liabilities
Net assets$157.91M
4 years on record · 2020–2024 · YoY revenue +37.3%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
KARA V KLEIN TRUSTEE, EXECUTIVE DIRECTOR 25 $446K
DR ELIZABETH R GERSTNER TRUSTEE, VICE CHAIRPERSON, VP PROGRAMS 8 $111K
board members · 2
  • BESSEMER TRUST COMPANY OF FLORIDA — TRUSTEE
  • LOUIS V GERSTNER JR — TRUSTEE, CHAIRPERSON
relationships · 12

Who they work with

  • ACTIVATE GLOBAL INC Partner — Funded for environmental research
  • COALITION FOR THE HOMELESS INC Partner — Funded for emergency grants program
  • COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK Partner — Funded for biomedical research
  • CORNELL UNIVERSITY Partner — Funded for environmental research
  • DIOCESE OF PALM BEACH Partner — Funded for education and scholarship programs
  • FAMILYAID BOSTON INC Partner — Funded for emergency grants program
  • MASSACHUSETTS INSTITUTE OF TECHNOLOGY Partner — Funded for environmental research
  • PART OF THE SOLUTION INC Partner — Funded for emergency grants program
  • SAFE HORIZON INC Partner — Funded for emergency grants program
  • TREASURE COAST FOOD BANK INCORPORATED Partner — Funded for food pantry program
  • TRUSTEES OF DARTMOUTH COLLEGE Partner — Funded for education and scholarship programs
  • WINDWARD FUND Partner — Funded for environmental research