Gerling Family Foundation Inc
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
21
-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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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
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.
What is Gerling Family Foundation Inc's EIN?
Gerling Family Foundation Inc's EIN (Employer Identification Number) is 35-2007357. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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