Neil & Ginny Gerald Family Foundation
Neil & Ginny Gerald Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORTH AURORA, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 34 grants totaling $268K. Net investment income was $81K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+22.0% YoY
Annual Giving
$268K
-16.5% YoY
Grant Count
34
+21.4% YoY
Avg Grant Size
$8K
-31.3% YoY
Under IRS private-foundation payout rules, Neil & Ginny Gerald Family Foundation reported a distributable amount of $71K for 2024 — the minimum it must pay out in qualifying distributions.
About Neil & Ginny Gerald Family Foundation
Based on IRS filings
Neil & Ginny Gerald Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORTH AURORA, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 34 grants totaling $268K. Net investment income was $81K.
Focus Areas
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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 | $1,071,717 | $878,312 | $696,999 |
| Revenue | $472,157 | $514,253 | $107,739 |
| Expenses | $281,746 | $332,063 | $148,314 |
| Qualifying Distributions | $270,319 | $323,213 | $139,826 |
| Net Investment Income | $81,271 | $1,113 | — |
| Distributable Amount | $71,286 | $53,968 | $44,064 |
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
113 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include National Institute for Community ($115,000), Paramount Arts Centre Inc ($25,000), Feed My Starving Children ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A SPECIAL PLACE NAPERVILLE, IL | GENERAL OPERATING SUPPORT | $500 |
| ARRANMORE ARTS NAPERVILLE, IL | GENERAL OPERATING SUPPORT | $3,500 |
| ARRANMORE ARTS NAPERVILLE, IL | CAB CAB & CAB CAB FOR A CURE SPONSORSHIPS | $5,000 |
| CITIZENS APPRECIATE PUBLIC SAFETY NAPERVILLE, IL | CORPORATE SPONSORSHIP | $1,000 |
| CASA KANE COUNTY GENEVA, IL | HOLE SIGN SPONSOR - FUNDRAISING EVENT | $300 |
| CHILDREN'S ADVOCACY CENTER DEKALB, IL | FUNDRAISING WALK | $1,000 |
| CYSTIC FIBROSIS FOUNDATION BETHASDA, MD | BACON SPONSOR FOR AGED TO PERFECTION BOURBON & BACON FUNDRAISER | $1,000 |
| EDWARD FOUNDATION NAPERVILLE, IL | GENERAL OPERATING SUPPORT | $2,500 |
| BRIDGE COMMUNITIES INC NAPERVILLE, IL | GENERAL OPERATING SUPPORT | $2,500 |
| FAMILIES HELPING FAMILIES OF ILLINOIS NAPERVILLE, IL | GENERAL OPERATING SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NEIL D GERALD | PRESIDENT & TREASURER | 1 | — |
| JOHN D GERALD | SECOND VICE PRESIDENT & CHAIR | 1 | — |
| MATTHEW N GERALD | SECOND VICE PRESIDENT & ASSISTANT SECR | 1 | — |
| ROBERT E HAMILTON | ASSISTANT SECRETARY & DIRECTOR | 1 | — |
| LISA A COLLINS | ASSISTANT SECRETARY | 1 | — |
| MICHAEL HEDBERG | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Neil & Ginny Gerald Family Foundation?
Neil & Ginny Gerald Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORTH AURORA, IL. It holds $1.1M in total assets as of 2024.
How large is Neil & Ginny Gerald Family Foundation?
As of 2024, Neil & Ginny Gerald Family Foundation holds $1.1M in total assets with $472K in annual revenue. It awarded 34 grants totaling $268K in 2024.
Where does Neil & Ginny Gerald Family Foundation operate?
Neil & Ginny Gerald Family Foundation has awarded grants in Colorado, Florida, Illinois, Maryland, Michigan, New York, Ohio.
What size grants does Neil & Ginny Gerald Family Foundation award?
In 2024, Neil & Ginny Gerald Family Foundation awarded 34 grants totaling $268K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Neil & Ginny Gerald Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Neil & Ginny Gerald Family Foundation reported a distributable amount of $71K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Neil & Ginny Gerald Family Foundation's EIN?
Neil & Ginny Gerald Family Foundation's EIN (Employer Identification Number) is 02-0762172. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Neil & Ginny Gerald Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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