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Also known as: GERSICK FOUNDATION
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Jennie And Albert Gersick Foundation is a private corporation based in PUEBLO, CO. The foundation received its IRS ruling in 1999. The principal officer is Elaine M Nicoll Pres. It holds total assets of $4.3M. Annual income is reported at $1M. Total assets have grown from $858K in 2011 to $4M in 2023. The foundation is governed by 3 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. Grantmaking is concentrated in Colorado. According to available records, Jennie And Albert Gersick Foundation has made 70 grants totaling $1.3M, with a median grant of $17K. Annual giving has grown from $220K in 2020 to $295K in 2023. Grantmaking activity was highest in 2022 with $526K distributed across 30 grants. Individual grants have ranged from $1K to $75K, with an average award of $18K. The foundation has supported 25 unique organizations. The foundation primarily supports organizations in Colorado, District of Columbia, Virginia, which account for 80% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$14K
Average Grant
$18K
Largest Grant
$40K
Based on 12 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.
Jennie And Albert Gersick Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 70 grants. Its grantmaking reaches organizations primarily in CO, DC, VA.
Jennie And Albert Gersick Foundation has distributed a total of $1.3M across 70 grants. The median grant size is $17K, with an average of $18K. Individual grants have ranged from $1K to $75K.
Jennie And Albert Gersick Foundation typically selects its grantees rather than accepting unsolicited proposals.
Jennie And Albert Gersick Foundation is headquartered in PUEBLO, CO. While based in CO, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Elaine C Nicoll | DIRECTOR & P | $0 | $0 | N/A |
| Rita C Gersick | DIRECTOR & V | $0 | $0 | N/A |
| Joseph A Gersick | DIRECTOR & V | $0 | $0 | N/A |
Total Giving
$318K
Total Assets
$4M
Fair Market Value
$4M
Net Worth
$4M
Grants Paid
$295K
Contributions
N/A
Net Investment Income
$304K
Distribution Amount
$193K
Total: $3.6M
Total Grants
70
Total Giving
$1.3M
Average Grant
$18K
Median Grant
$17K
Unique Recipients
25
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Shriners HospitalsCHILDREN'S HEALTH | Tampa, FL | $5K | 2023 |
| Csu Pueblo FoundationSCHOLARSHIPS | Pueblo, CO | $56K | 2023 |
| Boys And Girls Clubs Of PuebloYOUTH SERVICES - WORKFORCE DEVELOPME | Pueblo, CO | $30K | 2023 |
| Sangre De Cristo Arts CenterCHILDRENS MUSEUM | Pueblo, CO | $25K | 2023 |
| Care & Share Food Bank Of SocoHUNGER RELIEF - PUEBLO COUNTY | Pueblo, CO | $20K | 2023 |
| Pueblo SymphonyMUSIC EDUCATION | Pueblo, CO | $20K | 2023 |
| American Diabetes AssnCHILDREN DIABETES CAMP | Merrifield, VA | $20K | 2023 |
| American Red Cross So CoDISASTER RELIEF - GENERAL | Colorado Springs, CO | $20K | 2023 |
| Pcc FoundationSCHOLARSHIPS | Pueblo, CO | $20K | 2023 |
| Grove Area PartnersCOMMUNITY EDUCATION | Pueblo, CO | $17K | 2023 |
| Casa Of PuebloYOUTH SERVICES - ADVOCACY PROGRAM | Pueblo, CO | $17K | 2023 |
| A Caring Pregnancy CenterLIFE SERVICES PROGRAM | Pueblo, CO | $15K | 2023 |
| University Of DenverSCHOLARSHIP | Denver, CO | $10K | 2023 |
| Pueblo Child AdvocacySTAFF DEVELOPMENT | Pueblo, CO | $10K | 2023 |
| St Jude Children'S Research HospCHILDREN'S HEALTH | Memphis, TN | $5K | 2023 |
| Wounded WarriorsVETERANS' SUPPORT | Jacksonville, FL | $5K | 2023 |
| American Red CrossCOLORADO WILDFIRES | Washington, DC | $20K | 2022 |
| Pueblo Poverty FoundationPROGRAMS TO REDUCE POVERTY | Pueblo, CO | $10K | 2022 |
| Pueblo ZooEDUCATIONAL | Pueblo, CO | $30K | 2021 |
| Boys And Girls Clubs Of PYOUTH SERVICES - WORKFORCE DEVELOPME | Pueblo, CO | $30K | 2021 |