Nonprofit · EIN 20-8559135
GERSTNER FAMILY FOUNDATION
Tax-exempt · ARMONK, NY 10504
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $16,734,851 | $17,201,146 | -$466,295 | $157,914,050 | $0 | $157,914,050 |
| December 31, 2023 | 990-PF | $12,193,112 | $11,109,243 | $1,083,869 | $158,479,453 | $99,108 | $158,380,345 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $987
- Dividends
- $3,442,941
- Interest
- $126,383
- Net gain from sales of assets
- $12,272,276
- Other income
- $892,264
Expenses
- Grants and similar amounts paid
- $12,467,392
- Compensation of officers, directors and key employees
- $520,000
- Salaries, compensation and benefits (total)
- $621,363
- Disbursements for charitable purposes
- $14,047,507
- Excise tax on investment income
- $177,167
Balance sheet and other
- Total assets, start of year
- $158,479,453
- Total assets, end of year
- $157,914,050
- Total liabilities, end of year
- $0
- Net assets, end of year
- $157,914,050
- Fair market value of assets
- $202,948,230
- Qualifying distributions
- $14,047,507
- Net investment income
- $14,369,869
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KARA V KLEIN 20 OLD POST ROAD, ARMONK, NY 105041314 | TRUSTEE, EXECUTIVE DIRECTOR | 25 | $420,000 | $25,543 |
| ALICE GOH 20 OLD POST ROAD, ARMONK, NY 105041314 | PROGRAM DIRECTOR Highest-paid employee | 40 | $340,000 | $27,543 |
| MOLLY C GELINAS 20 OLD POST ROAD, ARMONK, NY 105041314 | PROGRAM OFFICER Highest-paid employee | 40 | $145,000 | $15,370 |
| DR ELIZABETH R GERSTNER 20 OLD POST ROAD, ARMONK, NY 105041314 | TRUSTEE, VICE CHAIRPERSON, VP PROGRAMS | 8 | $100,000 | $10,575 |
| MICHAEL COSTA 20 OLD POST ROAD, ARMONK, NY 105041314 | GRANTS MANAGEMENT AS Highest-paid employee | 40 | $80,000 | $9,275 |
| VICTORIA COKER 20 OLD POST ROAD, ARMONK, NY 105041314 | PROGRAM OFFICER Highest-paid employee | 40 | $56,363 | $4,213 |
| LOUIS V GERSTNER JR 20 OLD POST ROAD, ARMONK, NY 105041314 | TRUSTEE, CHAIRPERSON | 8 | $0 | $0 |
| BESSEMER TRUST COMPANY OF FLORIDA 20 OLD POST ROAD, ARMONK, NY 105041314 | TRUSTEE | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KARA V KLEIN 20 OLD POST ROAD, ARMONK, NY 105041314 | TRUSTEE, EXECUTIVE DIRECTOR | 25 | $400,000 | $12,000 |
| ALICE GOH 20 OLD POST ROAD, ARMONK, NY 105041314 | PROGRAM DIRECTOR Highest-paid employee | 40 | $310,000 | $15,600 |
| MOLLY C GELINAS 20 OLD POST ROAD, ARMONK, NY 105041314 | PROGRAM OFFICER Highest-paid employee | 40 | $110,000 | $5,400 |
| DR ELIZABETH R GERSTNER 20 OLD POST ROAD, ARMONK, NY 105041314 | TRUSTEE, VICE CHAIRPERSON, VP PROGRAMS | 8 | $85,000 | $3,300 |
| MICHAEL COSTA 20 OLD POST ROAD, ARMONK, NY 105041314 | GRANTS MANAGEMENT AS Highest-paid employee | 40 | $73,000 | $4,200 |
| LOUIS V GERSTNER JR 20 OLD POST ROAD, ARMONK, NY 105041314 | TRUSTEE, CHAIRPERSON | 8 | $0 | $0 |
| BESSEMER TRUST COMPANY OF FLORIDA 20 OLD POST ROAD, ARMONK, NY 105041314 | TRUSTEE | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 20 OLD POST RD, ARMONK, NY 10504-1314
- In care of
- % BESSEMER TR
- Signed the 990-PF
- KARA KLEIN, EXECUTIVE DIRECTOR
- Phone
- (914) 499-4900
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-8559135
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $157,914,050
- Income (IRS master file)
- $65,686,607
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $16,734,851 | $17,201,146 | $157,914,050 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $12,193,112 | $11,109,243 | $158,479,453 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-8559135).
Questions about GERSTNER FAMILY FOUNDATION
- What is the EIN of GERSTNER FAMILY FOUNDATION?
- The employer identification number (EIN) of GERSTNER FAMILY FOUNDATION is 20-8559135.
- Is GERSTNER FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to GERSTNER FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GERSTNER FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GERSTNER FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GERSTNER FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of GERSTNER FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 8 people; 6 received compensation from the organization, the highest $420,000 (KARA V KLEIN, TRUSTEE, EXECUTIVE DIRECTOR).
- How much revenue does GERSTNER FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $16,734,851, expenses of $17,201,146 and total assets of $157,914,050 at year end.
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