The Gerson Family Foundation

Beachwood, OH
Tax-exempt since Aug. 2000
EIN: 34-1930482

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$145k (2024)

Expenses

$50.4k (2024)

Total Assets

$1.01M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$144,530

Expenses

$50,362

Net Income

$94,168

Net Assets

$1,005,579

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$53,574	37.1%
Sales of Assets	$90,956	62.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,935	69.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,005,579
Total Liabilities	$0
Net Assets	$1,005,579

Compensation

Key Employees and Officers	Compensation	Other
Fred Widen (Secretary)	$0	$0
Maxwell Gerson (Trustee)	$0	$0
Emily E Gerson (Trustee)	$0	$0
Thomas E Gerson (Trustee)	$0	$0

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990-PF

Filed on Nov. 3, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$251,381

Expenses

$119,177

Net Income

$132,204

Net Assets

$911,341

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$44,182	17.6%
Sales of Assets	$207,199	82.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$109,117	91.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$911,341
Total Liabilities	$0
Net Assets	$911,341

Compensation

Key Employees and Officers	Compensation	Other
Thomas E Gerson (President/Trustee)	$0	$0
Mike Simmons (Vice President/Trustee)	$0	$0
Frederick N Widen (Secretary/Trustee)	$0	$0

990-PF

Filed on June 11, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$95,245

Expenses

$94,595

Net Income

$650

Net Assets

$780,367

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$39,441	41.4%
Sales of Assets	$55,804	58.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$83,709	88.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$780,367
Total Liabilities	$0
Net Assets	$780,367

Compensation

Key Employees and Officers	Compensation	Other
Thomas E Gerson (President/Trustee)	$0	$0
Mike Simmons (Vice President/Trustee)	$0	$0
Frederick N Widen (Secretary/Trustee)	$0	$0

990-PF

Filed on May 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$116,293

Expenses

$120,154

Net Income

-$3,861

Net Assets

$779,546

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$47,422	40.8%
Sales of Assets	$68,871	59.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$101,272	84.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$779,546
Total Liabilities	$0
Net Assets	$779,546

Compensation

Key Employees and Officers	Compensation	Other
Thomas E Gerson (President/Trustee)	$0	$0
Mike Simmons (Vice President/Trustee)	$0	$0
Frederick N Widen (Secretary/Trustee)	$0	$0

990-PF

Filed on July 18, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$75,776

Expenses

$99,190

Net Income

-$23,414

Net Assets

$783,456

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$37,843	49.9%
Sales of Assets	$37,933	50.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$82,238	82.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$783,457
Total Liabilities	$1
Net Assets	$783,456

Compensation

Key Employees and Officers	Compensation	Other
Thomas E Gerson (President/Trustee)	$0	$0
Leigh Carter (Vice President/Trustee)	$0	$0
Frederick N Widen (Secretary/Trustee)	$0	$0

990-PF

Filed on May 14, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$67,244

Expenses

$84,774

Net Income

-$17,530

Net Assets

$806,611

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$42,299	62.9%
Sales of Assets	$24,945	37.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$70,718	83.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$806,612
Total Liabilities	$1
Net Assets	$806,611

Compensation

Key Employees and Officers	Compensation	Other
Thomas E Gerson (President/Trustee)	$0	$0
Leigh Carter (Vice President/Trustee)	$0	$0
Frederick N Widen (Secretary/Trustee)	$0	$0

990-PF

Filed on June 5, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$50,858

Expenses

$100,117

Net Income

-$49,259

Net Assets

$824,905

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$36,051	70.9%
Sales of Assets	$14,807	29.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$83,995	83.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$824,905
Total Liabilities	$0
Net Assets	$824,905

Compensation

Key Employees and Officers	Compensation	Other
Thomas E Gerson (President/Trustee)	$0	$0
Leigh Carter (Vice President/Trustee)	$0	$0
Frederick N Widen (Secretary/Trustee)	$0	$0

990-PF

Filed on May 10, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$115,309

Expenses

$87,230

Net Income

$28,079

Net Assets

$874,300

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$36,799	31.9%
Sales of Assets	$78,510	68.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$73,558	84.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$874,300
Total Liabilities	$0
Net Assets	$874,300

Compensation

Key Employees and Officers	Compensation	Other
Thomas E Gerson (President/Trustee)	$0	$0
Leigh Carter (Vice President/Trustee)	$0	$0
Frederick N Widen (Secretary/Trustee)	$0	$0

990-PF

Filed on Aug. 27, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$44,476

Expenses

$81,198

Net Income

-$36,722

Net Assets

$847,790

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$217	0.5%
Dividends	$34,219	76.9%
Sales of Assets	$10,040	22.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$67,638	83.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$847,790
Total Liabilities	$0
Net Assets	$847,790

Compensation

Key Employees and Officers	Compensation	Other
Thomas E Gerson (President/Trustee)	$0	$0
Leigh Carter (Vice President/Trustee)	$0	$0
Frederick N Widen (Secretary/Trustee)	$0	$0

990-PF

Filed on June 6, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$45,976

Expenses

$86,742

Net Income

-$40,766

Net Assets

$880,578

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,834	4.0%
Dividends	$36,526	79.4%
Sales of Assets	$7,616	16.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$71,137	82.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$880,578
Total Liabilities	$0
Net Assets	$880,578

Compensation

Key Employees and Officers	Compensation	Other
Thomas E Gerson (President/Trustee)	$0	$0
Leigh Carter (Vice President/Trustee)	$0	$0
Frederick N Widen (Secretary/Trustee)	$0	$0

990-PF

Filed on May 16, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$63,388

Expenses

$69,776

Net Income

-$6,388

Net Assets

$909,930

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,266	6.7%
Dividends	$39,391	62.1%
Sales of Assets	$19,731	31.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$56,165	80.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$909,930
Total Liabilities	$0
Net Assets	$909,930

Compensation

Key Employees and Officers	Compensation	Other
Thomas E Gerson (President/Trustee)	$0	$0
Leigh Carter (Vice President/Trustee)	$0	$0
Frederick N Widen (Secretary/Trustee)	$0	$0

990-PF

Filed on Sept. 15, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$31,972

Expenses

$78,706

Net Income

-$46,734

Net Assets

$936,032

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,300	19.7%
Dividends	$29,739	93.0%
Sales of Assets	-$4,067
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$65,165	82.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$936,032
Total Liabilities	$0
Net Assets	$936,032

Compensation

Key Employees and Officers	Compensation	Other
Thomas E Gerson (President/Trustee)	$0	$0
Leigh Carter (Vice President/Trustee)	$0	$0
Frederick N Widen (Secretary/Trustee)	$0	$0

990-PF

Filed on June 25, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$54,570

Expenses

$72,030

Net Income

-$17,460

Net Assets

$967,509

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,969	16.4%
Dividends	$31,159	57.1%
Sales of Assets	$14,442	26.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$58,965	81.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$967,509
Total Liabilities	$0
Net Assets	$967,509

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$51,713

Expenses

$78,433

Net Income

-$26,720

Net Assets

$988,595

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14,602	28.2%
Dividends	$29,088	56.2%
Sales of Assets	$8,013	15.5%
Other Income	$10	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$66,962	85.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$988,596
Total Liabilities	$1
Net Assets	$988,595

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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The Gerson Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $145k (2024)

Expenses $50.4k (2024)

Total Assets $1.01M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$145k (2024)

Expenses

$50.4k (2024)

Total Assets

$1.01M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2020

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2018

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2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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