Gero Foundation Inc
Gero Foundation Inc is a private foundation based in New York, New York. In 2024, it gave $34,860 in grants to 18 organizations. Its filing states that it makes contributions only to preselected charitable organizations.
Gero Foundation Inc at a glance
In short: Gero Foundation Inc gave $35K across 18 grants in 2024 (avg $2K), mostly in New York. 39% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $34,860
- -51.5% vs 2023
- Grants made (2024)
- 18
- -45.5% vs 2023
- Average grant
- $1,937
- -11.1% vs 2023
- Median grant
- $200
- Total assets
- $320,057
- +25.6% vs 2023
- New grantees (estimate)
- 39% first-time grantees (7 of 18, 2024; small sample)
- Primary geography
- New York (95% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Gero Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests. No application process or materials are specified.
- Contact
Mailing address: 62 West 45Th Street 903, New York, NY 10036
Phone: (212) 997-7878
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Gero Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Friends of the Israeli Defense Forces ($18K). Together the top 10 received $34K.
Grant Size Distribution
152 grants across all recorded years
The most common grant size was under $50K: 152 grants of 152 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 95% of grant dollars went to recipients in New York, 3% to recipients in Florida, and 1% to recipients in Washington, DC. The filing also lists grant recipients in California and Texas, each accounting for 0% of grant dollars.
Grant Distribution by State
Share of 2024 grant dollars across all 18 itemized grants.
States
Cities
Is Gero Foundation Inc open to new grantees?
39%
first-time grantees, 2024
In 2024, 7 of 18 grantees (39%) were first-time recipients. With only 18 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. 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 grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $35K (2024) to $79K (2022). In 2024 it made 18 grants totaling $35K.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
In 2023, the foundation reported 33 grants; in 2022, it reported 27 grants.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $320,057 | $100,000 | $34,860 | $34,860 | 18 | $34,860 | $14,159 |
| 2023 | $254,917 | — | $76,900 | $71,900 | 33 | $71,900 | $14,448 |
| 2022 | $331,817 | $244,955 | $88,864 | $78,540 | 27 | $78,540 | $13,626 |
| 2021 | $225,726 | $328,403 | $101,167 | $73,570 | 41 | $73,570 | $10,446 |
| 2020 | $198,490 | $381,097 | $79,613 | $50,740 | 33 | — | $7,277 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to organizations with varied missions. For example, Birthright Israel Foundation says it raises funds to support educational trips to Israel for young Jewish adults; Breath-Body-Mind Foundation says it promotes breath-centered techniques to support physical and mental health; and Cancer Care says it helps people manage the emotional, practical, and financial challenges of cancer.
Grantmaking
In 2024, the foundation reported 18 grants totaling $34,860. Grant amounts ranged from $60 to $18,000, with a median of $200. Its largest reported grants were $18,000 to Friends of the Israeli Defense Forces and $10,000 to Gatestone Organization, both for general charitable purposes. Other grants included $1,000 each to Birthright Israel Foundation, Breath-Body-Mind Foundation, Chabad House, Congregation Ohav Zedek, and Mount Sinai Hospital.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Leonard Gero, Carolyn Gero, and Robert C. Lorenc as directors.
Gero Foundation Inc's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Carolyn Gero
Director
On filings since 2020
No compensation reported
Leonard Gero
Director
On filings since 2020
5 hrs/week
No compensation reported
Robert C. Lorenc
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Gero Foundation Inc
How much does Gero Foundation Inc give each year?
Gero Foundation Inc gave $35K across 18 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $72K across 33 grants.
What is Gero Foundation Inc's typical grant size?
Gero Foundation Inc's median grant in 2024 was $200, and its average grant was $1,937, across 18 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Gero Foundation Inc that year got $300 on average.
Where does Gero Foundation Inc give grants?
Gero Foundation Inc gives mostly in New York: 95% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (8 grants) and Washington, DC (3 grants).
Does Gero Foundation Inc give general operating support?
Yes: 100% of Gero Foundation Inc's 2024 grants with a stated purpose (18 of 18) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Gero Foundation Inc's largest grantees?
Gero Foundation Inc's largest 2024 grantees include Friends of the Israeli Defense Forces ($18,000), Gatestone Organization ($10,000) and Birthright Israel Foundation ($1,000), according to its 2024 IRS Form 990-PF. Together they received 83% of its itemized 2024 grant dollars.
How large is Gero Foundation Inc?
Gero Foundation Inc reported $320K in total assets on its 2024 IRS Form 990-PF. It paid out $35K in qualifying distributions that year, against a required minimum of $14K (roughly 5% of its investment assets).
What does Gero Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants went to organizations with varied missions. See mission & focus areas ↑
How do I apply for a grant from Gero Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Gero Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Gero Foundation Inc funds
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