Lisa Beth Gerstman Foundation
Lisa Beth Gerstman Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Garden City, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 23 grants totaling $366K. Net investment income was $64K.
Key facts about Lisa Beth Gerstman Foundation
- EIN
- 20-0704257
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $366,000
- Grants made (2024)
- 23
- Average grant
- $15,913
- Median grant
- $12,000
- New grantees (estimate)
- 4% first-time grantees (1 of 23, 2024)
- Total assets
- $1,742,752
- Primary geography
- New York (83% 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 Lisa Beth Gerstman Foundation funds
By grant dollars, the top recipient states for Lisa Beth Gerstman Foundation's 23 itemized 2024 grants were New York (83%) and New Jersey (17%). The most frequent recipient cities were Brooklyn, NY (4 grants), Wheatley Heights, NY (2 grants) and Bayside, NY (2 grants). None of its 23 grants with a stated purpose were described as general or operating support. Recurring purposes include "Camp Scholarships" (23 grants).
Is Lisa Beth Gerstman Foundation open to new grantees?
4%
first-time grantees, 2024
In 2024, 1 of 23 grantees (4%) were first-time recipients. First grants averaged $10K; repeat grants $16K. How we count
Medians: $10K first-time, $12K repeat.
- 87% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+10%). Method
- In 2024 it paid out 502% 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 Lisa Beth Gerstman Foundation
- How to evaluate Lisa Beth Gerstman Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.7M
+42.0% YoY
Annual Giving
$366K
+7.2% YoY
Grant Count
23
+9.5% YoY
Avg Grant Size
$16K
-2.1% YoY
Under IRS private-foundation payout rules, Lisa Beth Gerstman Foundation reported a distributable amount of $80K for 2024 — the minimum it must pay out in qualifying distributions.
About Lisa Beth Gerstman Foundation
Based on IRS filings
Lisa Beth Gerstman Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Garden City, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 23 grants totaling $366K. Net investment income was $64K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 23 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,742,752 | $1,227,485 | $1,059,882 |
| Revenue | $699,276 | $848,641 | $91,758 |
| Expenses | $420,222 | $557,055 | $271,219 |
| Qualifying Distributions | $399,087 | $357,272 | $270,648 |
| Net Investment Income | $63,675 | $41,047 | $3,322 |
| Distributable Amount | $79,552 | $58,069 | $48,657 |
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
107 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include YMCA of Greater New York ($130,000), Commonpoint Queens ($26,000), The Children's Aid Society's ($18,000).
| Recipient | Purpose | Amount |
|---|---|---|
| YMCA OF GREATER NEW YORK New York, NY | CAMP SCHOLARSHIPS | $130,000 |
| COMMONPOINT QUEENS Little Neck, NY | CAMP SCHOLARSHIPS | $26,000 |
| THE CHILDREN'S AID SOCIETY'S Chappaqua, NY | CAMP SCHOLARSHIPS | $18,000 |
| CAMP HES AT CANARSIE Brooklyn, NY | CAMP SCHOLARSHIPS | $15,000 |
| GATEWAY FAMILY YMCA Elizabeth, NJ | CAMP SCHOLARSHIPS | $15,000 |
| JCH OF BENSONHURST Brooklyn, NY | CAMP SCHOLARSHIPS | $15,000 |
| PAL-O-MINE EQUESTRIAN Islandia, NY | CAMP SCHOLARSHIPS | $15,000 |
| YMCA OF NEWARK AND VICINITY Newark, NJ | CAMP SCHOLARSHIPS | $15,000 |
| QUEENS CENTER FOR PROGRESS Jamaica, NY | CAMP SCHOLARSHIPS | $12,500 |
| EDUCATIONAL ALLIANCE Wheatley Heights, NY | CAMP SCHOLARSHIPS | $12,000 |
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 |
|---|---|---|---|
| Bradley Gerstman | Co Founder | 1 | — |
| Pamela Gerstman | Co Founder | 1 | — |
| Daniel Gerstman | Co Founder | 5 | — |
| Linda Gerstman | Co Founder | 5 | — |
| Carol Gerstman | Co Founder | 1 | — |
| Cheryl Gerstman | Co Founder | 1 | — |
| Harvey Gerstman | Co Founder | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lisa Beth Gerstman Foundation?
Lisa Beth Gerstman Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Garden City, NY. It holds $1.7M in total assets as of 2024.
How large is Lisa Beth Gerstman Foundation?
As of 2024, Lisa Beth Gerstman Foundation holds $1.7M in total assets with $699K in annual revenue. It awarded 23 grants totaling $366K in 2024.
Where does Lisa Beth Gerstman Foundation operate?
Lisa Beth Gerstman Foundation has awarded grants in Georgia, New Jersey, New York.
What size grants does Lisa Beth Gerstman Foundation award?
In 2024, Lisa Beth Gerstman Foundation awarded 23 grants totaling $366K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Lisa Beth Gerstman Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lisa Beth Gerstman Foundation reported a distributable amount of $80K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lisa Beth Gerstman Foundation's EIN?
Lisa Beth Gerstman Foundation's EIN (Employer Identification Number) is 20-0704257. 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.