Joel and Elaine Gershman Foundation
Joel and Elaine Gershman Foundation is a private foundation, based in JENKINTOWN, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 9 grants totaling $140K. Net investment income was $142K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.0M
+0.8% YoY
Annual Giving
$140K
-6.7% YoY
Grant Count
9
+800.0% YoY
Avg Grant Size
$16K
-89.6% YoY
Under IRS private-foundation payout rules, Joel and Elaine Gershman Foundation reported a distributable amount of $143K for 2024 — the minimum it must pay out in qualifying distributions.
About Joel and Elaine Gershman Foundation
Based on IRS filings
Joel and Elaine Gershman Foundation is a private foundation, based in JENKINTOWN, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 9 grants totaling $140K. Net investment income was $142K.
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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 | $2,966,121 | $2,941,527 | $2,963,249 |
| Revenue | $144,528 | $129,759 | $183,681 |
| Expenses | $142,225 | $152,173 | $150,010 |
| Qualifying Distributions | $140,000 | $150,000 | $150,000 |
| Net Investment Income | $142,303 | $127,586 | $33,671 |
| Distributable Amount | $143,498 | $143,632 | $146,874 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Doctors Without Borders ($25,000), International Rescue Committee ($25,000), World Central Kitchen ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DOCTORS WITHOUT BORDERS NEW YORK, NY | COMMUNITY | $25,000 |
| RAINFOREST ACTION NETWORK SAN FRANCISCO, CA | COMMUNITY | $15,000 |
| AMERICAN FORESTS WASHINGTON, DC | COMMUNITY | $10,000 |
| INTERNATIONAL RESCUE COMMITTEE NEW YORK, NY | COMMUNITY | $25,000 |
| OCEAN CONSERVANCY WASHINGTON, DC | COMMUNITY | $10,000 |
| HELEN KELLER INTL NEW YORK, NY | COMMUNITY | $10,000 |
| THE LIFE YOU CAN SAVE NOVATO, CA | COMMUNITY | $10,000 |
| THE NATURE CONSERVANCY ARLINGTON, VA | COMMUNITY | $10,000 |
| WORLD CENTRAL KITCHEN WASHINGTON, DC | COMMUNITY | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ELAINE GERSHMAN | PRESIDENT, SECRETARY, TREA | — | — |
| WILLIAM J LEVITT 3RD | ASS'T TREASURER | — | — |
| J DAVID LEVITT | ASS'T SECRETARY | — | — |
Frequently Asked Questions
How large is Joel and Elaine Gershman Foundation?
As of 2024, Joel and Elaine Gershman Foundation holds $3.0M in total assets with $145K in annual revenue. It awarded 9 grants totaling $140K in 2024.
Where does Joel and Elaine Gershman Foundation operate?
Joel and Elaine Gershman Foundation has awarded grants in California, District of Columbia, New York, Pennsylvania, Virginia.
What size grants does Joel and Elaine Gershman Foundation award?
In 2024, Joel and Elaine Gershman Foundation awarded 9 grants totaling $140K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Joel and Elaine Gershman Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Joel and Elaine Gershman Foundation reported a distributable amount of $143K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Joel and Elaine Gershman Foundation's EIN?
Joel and Elaine Gershman Foundation's EIN (Employer Identification Number) is 22-2529629. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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