Gerling Family Foundation Inc

EVANSVILLE, IN EIN: 35-2007357

Gerling Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EVANSVILLE, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $655K in total assets. In 2024, it awarded 21 grants totaling $50K. Net investment income was $35K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$655K

+3.3% YoY

Annual Giving

$50K

+69.0% YoY

Grant Count

-22.2% YoY

Avg Grant Size

$2K

+117.3% YoY

Under IRS private-foundation payout rules, Gerling Family Foundation Inc reported a distributable amount of $42K for 2024 — the minimum it must pay out in qualifying distributions.

About Gerling Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $173K (92%)

Florida $13K (7%)

Illinois $1K (1%)

Kentucky $100 (0%)

Maryland $100 (0%)

New York $100 (0%)

Texas $100 (0%)

States

Florida Illinois Indiana Kentucky Maryland New York Texas

Cities

BaskettBloomingtonChicagoEvanstonEvansvilleFrederickIndianapolisNaplesNew YorkPlanoSarasota

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$655,096	$633,922	$609,637
Revenue	$72,676	$55,320	$43,262
Expenses	$51,501	$31,035	$42,736
Qualifying Distributions	$50,920	$31,035	$42,736
Net Investment Income	$34,674	$41,753	$25,661
Distributable Amount	$41,934	$37,668	$36,493

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

146 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include University of Evansville ($10,000), United Way of Southwestern Indiana ($10,000), Bethel United Church of Christ ($7,000).

Recipient	Purpose	Amount
Evansville Parks Foundation Inc Evansville, IN	general operating expense	$500
Youth First Inc Evansville, IN	general operating expense	$1,250
John L Sanders Memorial Evansville Evansville, IN	general operating expense	$500
Aurora Inc Evansville, IN	general operating expense	$1,000
Evansville Museum of Arts History Evansville, IN	general operating expense	$500
Boys and Girls Club of Evansville Evansville, IN	general operating expense	$1,000
Tri-State Food Bank Inc Evansville, IN	general operating expense	$1,000
EVSC Foundation Inc Evansville, IN	general operating expense	$1,000
Bethel United Church of Christ Evansville, IN	general operating expense	$7,000
Deaconess Hospital Inc Evansville, IN	general operating expense	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Wilfred C Bussing III	Secretary	1	—
Paula J Gerling	Vice President	—	—
Gary L Gerling	President Treasurer	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Gerling Family Foundation Inc?

Gerling Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EVANSVILLE, IN. It holds $655K in total assets as of 2024.

How large is Gerling Family Foundation Inc?

As of 2024, Gerling Family Foundation Inc holds $655K in total assets with $73K in annual revenue. It awarded 21 grants totaling $50K in 2024.

Where does Gerling Family Foundation Inc operate?

Gerling Family Foundation Inc has awarded grants in Florida, Illinois, Indiana, Kentucky, Maryland, New York, Texas.

What size grants does Gerling Family Foundation Inc award?

In 2024, Gerling Family Foundation Inc awarded 21 grants totaling $50K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Gerling Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Gerling Family Foundation Inc reported a distributable amount of $42K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.