The Gerhard Foundation Inc

CLEVELAND, OH EIN: 34-1659675

The Gerhard Foundation Inc is a private foundation, based in CLEVELAND, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $8.7M in total assets. In 2024, it awarded 6 grants totaling $300K. Net investment income was $3.2M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.7M

+46.6% YoY

Annual Giving

$300K

-25.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$50K

-25.0% YoY

Under IRS private-foundation payout rules, The Gerhard Foundation Inc reported a distributable amount of $352K for 2024 — the minimum it must pay out in qualifying distributions.

About The Gerhard Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $1.3M (75%)

Indiana $425K (25%)

States

Indiana Ohio

Cities

BereaClevelandMedinaValparaiso

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$8,715,098	$5,944,270	$6,202,669
Revenue	$3,228,006	$298,854	$380,846
Expenses	$454,078	$554,183	$563,232
Qualifying Distributions	$377,039	$477,092	$481,616
Net Investment Income	$3,150,347	$220,881	$299,230
Distributable Amount	$351,858	$368,568	$403,959

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

30 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Cleveland Lutheran High School Assn ($75,000), Valparaiso University ($75,000), Baldwin Wallace University ($60,000).

Recipient	Purpose	Amount
BALDWIN WALLACE UNIVERSITY BEREA, OH	DISCRETIONARY	$60,000
CLEVELAND LUTHERAN HIGH SCHOOL ASSN CLEVELAND, OH	1/2 DISCRETIONARY 1/2 SCHOLARSHIPS	$75,000
MEDINA COMMUNITY HOSPITAL MEDINA, OH	DISCRETIONARY	$15,000
MUSICAL ARTS ASSOCIATION CLEVELAND, OH	DISCRETIONARY	$45,000
THE CITY MISSION CLEVELAND, OH	DISCRETIONARY	$30,000
VALPARAISO UNIVERSITY VALPARAISO, IN	DISCRETIONARY	$75,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DAVID J HESSLER	PRESIDENT	2	$17,900
REBECCA R RAYMER	TREASURER	2	$17,900
PETER A HESSLER	SECRETARY	2	$17,900

Frequently Asked Questions

How large is The Gerhard Foundation Inc?

As of 2024, The Gerhard Foundation Inc holds $8.7M in total assets with $3.2M in annual revenue. It awarded 6 grants totaling $300K in 2024.

Where does The Gerhard Foundation Inc operate?

The Gerhard Foundation Inc has awarded grants in Indiana, Ohio.

What size grants does The Gerhard Foundation Inc award?

In 2024, The Gerhard Foundation Inc awarded 6 grants totaling $300K — an average of about $50K per grant, based on its IRS Form 990 filings.

How much is The Gerhard Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Gerhard Foundation Inc reported a distributable amount of $352K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.