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Gem Foundation is a private corporation based in KALISPELL, MT. The foundation received its IRS ruling in 2006. The principal officer is Karen Mercaldo. It holds total assets of $2.7M. Annual income is reported at $378K. Total assets have grown from $924K in 2010 to $2.4M in 2022. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in New York, California and Ohio. According to available records, Gem Foundation has made 12 grants totaling $427K, with a median grant of $25K. Annual giving has grown from $77K in 2021 to $350K in 2022. Individual grants have ranged from $750 to $100K, with an average award of $36K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in New York and California and Ohio. Contributions to this foundation are tax-deductible.
Smallest Grant
$25K
Median Grant
$25K
Average Grant
$44K
Largest Grant
$100K
Based on 4 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Gem Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NY, CA, OH.
Gem Foundation has distributed a total of $427K across 12 grants. The median grant size is $25K, with an average of $36K. Individual grants have ranged from $750 to $100K.
Gem Foundation typically selects its grantees rather than accepting unsolicited proposals.
Gem Foundation is headquartered in KALISPELL, MT. While based in MT, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Dominic Mercaldo | DIRECTOR (THRU 12/22) | $0 | $0 | N/A |
| Karen A Mercaldo | CEO | $0 | $0 | N/A |
| Gianna Digiovanni | CFO | $0 | $0 | N/A |
| Janine Schooley | DIRECTOR | $0 | $0 | N/A |
Total Giving
$195K
Total Assets
$2.4M
Fair Market Value
$2.4M
Net Worth
$2.4M
Grants Paid
$176K
Contributions
N/A
Net Investment Income
$38K
Distribution Amount
$119K
Total: $2.2M
Total Grants
12
Total Giving
$427K
Average Grant
$36K
Median Grant
$25K
Unique Recipients
6
Most Common Grant
$25K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Samaritan FoundationTO SUPPORT ORGANIZATION'S MISSION | Northtown | $100K | 2022 |
| Shoulder To ShoulderTO SUPPORT ORGANIZATION'S MISSION | Dayton, OH | $25K | 2022 |
| AcumenTO SUPPORT ORGANIZATION'S MISSION | New York, NY | $25K | 2022 |
| Partnership For The Advancement Of New Americans (Pana)TO SUPPORT ORGANIZATION'S MISSION | San Diego, CA | $25K | 2022 |
| United Women Of East Africa (Uweast)TO SUPPORT ORGANIZATION'S MISSION | San Diego, CA | $1K | 2021 |
| San Diego GrantmakersTO SUPPORT ORGANIZATION'S MISSION | San Diego, CA | $750 | 2021 |