Gero Foundation Inc
Gero Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $320K in total assets. In 2024, it awarded 18 grants totaling $35K.
Key facts about Gero Foundation Inc
- EIN
- 82-2639205
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $34,860
- Grants made (2024)
- 18
- Average grant
- $1,937
- Median grant
- $200
- New grantees (estimate)
- 39% first-time grantees (7 of 18, 2024)
- Total assets
- $320,057
- Primary geography
- New York (95% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Gero Foundation Inc funds
By grant dollars, the top recipient states for Gero Foundation Inc's 18 itemized 2024 grants were New York (95%). The most frequent recipient cities were New York, NY (8 grants) and Washington, DC (3 grants). 100% of grants with a stated purpose were for general or operating support.
Is Gero Foundation Inc open to new grantees?
39%
first-time grantees, 2024
In 2024, 7 of 18 grantees (39%) were first-time recipients. First grants averaged $300; repeat grants $3K. How we count
Medians: $200 first-time, $1K repeat.
- 44% of 2024 grantees were also funded in 2023. Method
- Giving fell 53% from 2021 to 2024. Method
- In 2024 it paid out 246% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Gero Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$320K
+25.6% YoY
Annual Giving
$35K
-51.5% YoY
Grant Count
18
-45.5% YoY
Avg Grant Size
$2K
-11.1% YoY
Under IRS private-foundation payout rules, Gero Foundation Inc reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
About Gero Foundation Inc
Based on IRS filings
Gero Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $320K in total assets. In 2024, it awarded 18 grants totaling $35K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 18 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $320,057 | $254,917 | $331,817 |
| Revenue | $100,000 | — | $244,955 |
| Expenses | $34,860 | $76,900 | $88,864 |
| Qualifying Distributions | $34,860 | $71,900 | $78,540 |
| Net Investment Income | — | — | — |
| Distributable Amount | $14,159 | $14,448 | $13,626 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
152 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Friends of the Israeli Defense Forces ($18,000), Gatestone Organization ($10,000), Birthright Israel Foundation ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FRIENDS OF THE ISRAELI DEFENSE FORCES New York, NY | GENERAL CHARITABLE PURPOSES | $18,000 |
| GATESTONE ORGANIZATION New York, NY | GENERAL CHARITABLE PURPOSES | $10,000 |
| BIRTHRIGHT ISRAEL FOUNDATION New York, NY | GENERAL CHARITABLE PURPOSES | $1,000 |
| BREATHBODYMIND FOUNDATION Kingston, NY | GENERAL CHARITABLE PURPOSESGENREAL CHARITABLE PURPOSESGENERAL CHARITABLE PURPOSES | $1,000 |
| CHABAD HOUSE Palm Beach, FL | GENERAL CHARITABLE PURPOSES | $1,000 |
| CONGREGATION OHAV ZEDEK New York, NY | GENERAL CHARITABLE PURPOSES | $1,000 |
| MOUNT SINAI HOSPITAL New York, NY | GENERAL CHARITABLE PURPOSESGENERAL CHARITABLE PURPOSES | $1,000 |
| COMMITTEE FOR BEAUTIFICATION OF EAST NORWICH East Norwich, NY | GENERAL CHARITABLE PURPOSES | $400 |
| AMERICAN RED CROSS Bethpage, NY | GENERAL CHARITABLE PURPOSESGENERAL CHARITABLE PURPOSESGENERAL CHARITABLE PURPOSES | $200 |
| BROOKE JACKMAN FOUNDATION North Hills, NY | GENERAL CHARITABLE PURPOSES | $200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Leonard Gero | Director | 5 | — |
| Carolyn Gero | Director | — | — |
| Robert C Lorenc | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gero Foundation Inc?
Gero Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. It holds $320K in total assets as of 2024.
How large is Gero Foundation Inc?
As of 2024, Gero Foundation Inc holds $320K in total assets with $100K in annual revenue. It awarded 18 grants totaling $35K in 2024.
Where does Gero Foundation Inc operate?
Gero Foundation Inc has awarded grants in Arizona, California, Connecticut, District of Columbia, Florida, Indiana, Kansas, Massachusetts, Maryland, North Dakota, New York, Ohio, South Carolina, Texas, Virginia.
What size grants does Gero Foundation Inc award?
In 2024, Gero Foundation Inc awarded 18 grants totaling $35K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Gero Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gero Foundation Inc reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gero Foundation Inc's EIN?
Gero Foundation Inc's EIN (Employer Identification Number) is 82-2639205. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.