Mark and Karen Gergel Foundation Inc
Mark and Karen Gergel Foundation Inc is a private foundation, based in DESTIN, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $402K in total assets. In 2024, it awarded 30 grants totaling $98K. Net investment income was $18K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$402K
-16.6% YoY
Annual Giving
$98K
+66.9% YoY
Grant Count
30
+42.9% YoY
Avg Grant Size
$3K
+16.8% YoY
Under IRS private-foundation payout rules, Mark and Karen Gergel Foundation Inc reported a distributable amount of $21K for 2024 — the minimum it must pay out in qualifying distributions.
About Mark and Karen Gergel Foundation Inc
Based on IRS filings
Mark and Karen Gergel Foundation Inc is a private foundation, based in DESTIN, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $402K in total assets. In 2024, it awarded 30 grants totaling $98K. Net investment income was $18K.
Ready to take the next step with Mark and Karen Gergel Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $401,700 | $481,663 | $521,433 |
| Revenue | $20,315 | $22,004 | $115,337 |
| Expenses | $100,278 | $61,774 | $86,404 |
| Qualifying Distributions | $97,936 | $58,680 | $80,000 |
| Net Investment Income | $18,236 | $18,910 | $8,933 |
| Distributable Amount | $21,153 | $24,409 | $23,237 |
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
75 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Reclif Community ($24,500), St Vincent DePaul Georgia ($10,000), Neurodiversity Resources of the Panhandle ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| Caring & Sharing of South Walton Sana Rosa Beach, FL | Unrestricted | $7,000 |
| St Jude's Childrens Hospital Memphis, TN | Unrestricted | $250 |
| Alaqua Animal Refuge Freeport, FL | Unrestricted | $2,500 |
| The Link Minneapolis, MN | Unrestricted | $2,000 |
| The Bridge for Youth Minneapolis, MN | Unrestricted | $1,000 |
| Kennesaw State Athletic Association Kennesaw, GA | Unrestricted | $2,500 |
| Dusty Rhodes Foundation Roswell, GA | Unrestricted | $2,500 |
| Hickory Flat Preschool Canton, GA | Unrestricted | $2,000 |
| National Dance Institute New York, NY | Unrestricted | $500 |
| Reclif Community Peachtree Corners, GA | Unrestricted | $24,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mark Gergel | TREASURER | — | — |
| Karen Gergel | President | — | — |
| Kristin Swift | Vice President | — | — |
| Michelle Burruss | Director | — | — |
Frequently Asked Questions
How large is Mark and Karen Gergel Foundation Inc?
As of 2024, Mark and Karen Gergel Foundation Inc holds $402K in total assets with $20K in annual revenue. It awarded 30 grants totaling $98K in 2024.
Where does Mark and Karen Gergel Foundation Inc operate?
Mark and Karen Gergel Foundation Inc has awarded grants in Alabama, California, Florida, Georgia, Hawaii, Indiana, Kentucky, Maryland, Michigan, Minnesota, North Carolina, New York, Pennsylvania, Tennessee, Wisconsin.
What size grants does Mark and Karen Gergel Foundation Inc award?
In 2024, Mark and Karen Gergel Foundation Inc awarded 30 grants totaling $98K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Mark and Karen Gergel Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mark and Karen Gergel Foundation Inc reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mark and Karen Gergel Foundation Inc's EIN?
Mark and Karen Gergel Foundation Inc's EIN (Employer Identification Number) is 87-3383440. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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