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Also known as: FOUNDATION
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Richard And Sherry Gershenson Family Foundation is a private corporation based in FARMINGTON HILLS, MI. The foundation received its IRS ruling in 1996. It holds total assets of $51K. Annual income is reported at $26K. Total assets have decreased from $97K in 2010 to $65K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. According to available records, Richard And Sherry Gershenson Family Foundation has made 7 grants totaling $63K, with a median grant of $5K. Annual giving has grown from $2K in 2021 to $32K in 2024. Individual grants have ranged from $243 to $25K, with an average award of $9K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in New York and Michigan. Contributions to this foundation are tax-deductible.
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.
Richard And Sherry Gershenson Family Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in NY, MI.
Richard And Sherry Gershenson Family Foundation has distributed a total of $63K across 7 grants. The median grant size is $5K, with an average of $9K. Individual grants have ranged from $243 to $25K.
Richard And Sherry Gershenson Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Richard And Sherry Gershenson Family Foundation is headquartered in FARMINGTON HILLS, MI. While based in MI, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sherry Gershenson | DIRECTOR | $0 | $0 | N/A |
| Lyndsey Gershenson | TRUSTEE | $0 | $0 | N/A |
| Aaron Gershenson | TRUSTEE | $0 | $0 | N/A |
Total Giving
$33K
Total Assets
$65K
Fair Market Value
$83K
Net Worth
$65K
Grants Paid
$32K
Contributions
$1K
Net Investment Income
$1K
Distribution Amount
$5K
Total: N/A
Total Grants
7
Total Giving
$63K
Average Grant
$9K
Median Grant
$5K
Unique Recipients
5
Most Common Grant
$2K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Inservice FoundationGENERAL | New York, NY | $25K | 2024 |
| Wildlife Conservation SocietyGENERAL | Bronx, NY | $5K | 2024 |
| Friends Of The High LineGENERAL | New York, NY | $2K | 2024 |
| Friends Of The HighlineGENERAL | New York, NY | $2K | 2021 |
| Children'S Leukemia FoundationGENERAL | Farmington, MI | $243 | 2021 |