The Emerald Foundation is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in WESTLAKE, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $224K in total assets. In 2024, it awarded 14 grants totaling $14K. Net investment income was $12K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$224K
-4.3% YoY
Annual Giving
$14K
-30.8% YoY
Grant Count
14
-17.6% YoY
Avg Grant Size
$1K
-16.0% YoY
Under IRS private-foundation payout rules, The Emerald Foundation reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
About The Emerald Foundation
Based on IRS filings
The Emerald Foundation is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in WESTLAKE, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $224K in total assets. In 2024, it awarded 14 grants totaling $14K. Net investment income was $12K.
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 | $223,628 | $233,643 | $218,765 |
| Revenue | $14,159 | $31,024 | $27,514 |
| Expenses | $17,148 | $23,190 | $16,699 |
| Qualifying Distributions | $14,077 | $20,338 | $15,000 |
| Net Investment Income | $11,768 | $2,610 | $1,515 |
| Distributable Amount | $11,096 | $11,281 | $10,276 |
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
63 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hydrocephalus Association ($2,000), Galapagos Conservancy ($1,549), Doctors Without Borders ($1,500).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN HEART ASSOCIATION CLEVELAND, OH | CHARITY | $1,000 |
| COMMUNITY FOUNDATION OF LORAIN CNTY ELYRIA, OH | CHARITY | $1,000 |
| DOCTORS WITHOUT BORDERS NEW YORK, NY | CHARITY | $1,500 |
| EMPIRE STATE RIDE BUFFALO, NY | CHARITY | $500 |
| GALAPAGOS CONSERVANCY FAIRFAX, VA | CHARITY | $1,549 |
| HYDROCEPHALUS ASSOCIATION BETHESDA, MD | CHARITY | $2,000 |
| MAPLE LEAF COMMUNITY RESIDENCES INC CHARDON, OH | CHARITY | $1,000 |
| NATIONAL MUSEUM OF THE GREAT LAKES TOLEDO, OH | CHARITY | $1,010 |
| PELOTONIA COLUMBUS, OH | CHARITY | $518 |
| HOMER ELEMENTARY PTO HOMER, NY | CHARITY | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEFFREY GERISH | DIRECTOR | 1 | — |
| JAMES GERISH | DIRECTOR | 1 | — |
| KRIS GERISH | MANAGING DIRECTOR | 1 | — |
| JENNIFER GERISH | DIRECTOR | 1 | — |
| MATTHEW GERISH | DIRECTOR | 1 | — |
| KEITH MARTINET | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Emerald Foundation?
The Emerald Foundation is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in WESTLAKE, OH. It holds $224K in total assets as of 2024.
How large is The Emerald Foundation?
As of 2024, The Emerald Foundation holds $224K in total assets with $14K in annual revenue. It awarded 14 grants totaling $14K in 2024.
Where does The Emerald Foundation operate?
The Emerald Foundation has awarded grants in Connecticut, Florida, Indiana, Maryland, Maine, Minnesota, New York, Ohio, Texas, Virginia.
What size grants does The Emerald Foundation award?
In 2024, The Emerald Foundation awarded 14 grants totaling $14K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is The Emerald Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Emerald Foundation reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Emerald Foundation's EIN?
The Emerald Foundation's EIN (Employer Identification Number) is 47-5106676. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Emerald 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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