Otto and Carol Gebhardt Foundation

Foundation · Grantmaker Middleton, WI EIN: 81-1568779

Otto and Carol Gebhardt Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Middleton, WI. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $572K in total assets. In 2024, it awarded 3 grants totaling $50K. Net investment income was $12K.

Key facts about Otto and Carol Gebhardt Foundation

EIN: 81-1568779
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $50,000
Grants made (2024): 3
Average grant: $16,667
Median grant: $20,000
Total assets: $572,138
Primary geography: Wisconsin (50% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Otto and Carol Gebhardt Foundation funds

By grant dollars, the top recipient states for Otto and Carol Gebhardt Foundation's 3 itemized 2024 grants were Wisconsin (50%), Texas (40%) and Michigan (10%). None of its 3 grants with a stated purpose were described as general or operating support.

How Otto and Carol Gebhardt Foundation gives

In 2024 it paid out 315% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Otto and Carol Gebhardt Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$572K

+88.3% YoY

Annual Giving

$50K

+170.3% YoY

Grant Count

-66.7% YoY

Avg Grant Size

$17K

+710.8% YoY

Under IRS private-foundation payout rules, Otto and Carol Gebhardt Foundation reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.

About Otto and Carol Gebhardt Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Wisconsin $25K (50%)

Texas $20K (40%)

Michigan $5K (10%)

Share of all 3 itemized 2024 grant dollars.

States

Arizona District of Columbia Florida Michigan New York Tennessee Texas Wisconsin

Cities

Boulder JunctionIrvingJacksonvilleManitowish WatersMemphisMinocquaPhoenixRamsayStaten IslandWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023
Total Assets	$572,138	$303,855
Revenue	$351,559	$333,542
Expenses	$83,276	$29,687
Qualifying Distributions	$72,609	$24,687
Net Investment Income	$12,043	—
Distributable Amount	$23,034	$5,650

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2023–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Camp Manito-Wish YMCA ($25,000), Curing Kids Cancer ($20,000), Cornerstone Christian Church ($5,000).

Recipient	Purpose	Amount
CAMP MANITO-WISH YMCA Boulder Junction, WI	YOUTH CHARACTER AND LEADERSHIP DEVELOPMENT	$25,000
CURING KIDS CANCER Irving, TX	CHILDHOOD CANCER AWARENESS AND TREATMENT	$20,000
CORNERSTONE CHRISTIAN CHURCH Ramsay, MI	WOMENS HARDSHIP SUPPORT AND ADDICTION COUNSELING	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Kevin S Lederer	President and Director	5	$30,000
Carol Gebhardt	Vice President and Director	1	$2,000
Otto Gebhardt Jr	Secretary Treasurer and Director	3	—
Ryan Beckwith	Director	1	—
Virginia M Bartelt	Director	1	—
Katrina L Lederer	Director	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Otto and Carol Gebhardt Foundation?

Otto and Carol Gebhardt Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Middleton, WI. It holds $572K in total assets as of 2024.

How large is Otto and Carol Gebhardt Foundation?

As of 2024, Otto and Carol Gebhardt Foundation holds $572K in total assets with $352K in annual revenue. It awarded 3 grants totaling $50K in 2024.

Where does Otto and Carol Gebhardt Foundation operate?

Otto and Carol Gebhardt Foundation has awarded grants in Arizona, District of Columbia, Florida, Michigan, New York, Tennessee, Texas, Wisconsin.

What size grants does Otto and Carol Gebhardt Foundation award?

In 2024, Otto and Carol Gebhardt Foundation awarded 3 grants totaling $50K — an average of about $17K per grant, based on its IRS Form 990 filings.

How much is Otto and Carol Gebhardt Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Otto and Carol Gebhardt Foundation reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Otto and Carol Gebhardt Foundation's EIN?

Otto and Carol Gebhardt Foundation's EIN (Employer Identification Number) is 81-1568779. IRS Form 990 filing data is available on this page for 2023–2024.