The Hal and Kathleen Gershman
The Hal and Kathleen Gershman is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GRAND FORKS, ND. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 3 grants totaling $18K. Net investment income was $65K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
+40.6% YoY
Annual Giving
$18K
-68.6% YoY
Grant Count
3
-50.0% YoY
Avg Grant Size
$6K
-37.1% YoY
Under IRS private-foundation payout rules, The Hal and Kathleen Gershman reported a distributable amount of $47K for 2024 — the minimum it must pay out in qualifying distributions.
About The Hal and Kathleen Gershman
Based on IRS filings
The Hal and Kathleen Gershman is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GRAND FORKS, ND. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 3 grants totaling $18K. Net investment income was $65K.
Focus Areas
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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 | $1,021,035 | $726,049 | $705,092 |
| Revenue | $319,900 | $82,714 | $-49,022 |
| Expenses | $24,914 | $62,757 | $1,173,403 |
| Qualifying Distributions | $19,015 | $58,130 | $1,160,926 |
| Net Investment Income | $64,903 | $15,181 | $34,067 |
| Distributable Amount | $46,897 | $32,771 | $88,510 |
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
103 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Altru Health Foundation ($10,000), Global Friends Coalition ($7,000), Empire Arts Center ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALTRU HEALTH FOUNDATION GRAND FORKS, ND | FOR KID'S HEALTH AT ALTRU | $10,000 |
| EMPIRE ARTS CENTER GRAND FORKS, ND | FURTHERANCE OF 501(C)(3)S CHARITABLE PURPOSE | $1,000 |
| GLOBAL FRIENDS COALITION GRAND FORKS, ND | FURTHERANCE OF 501(C)(3)S CHARITABLE PURPOSE | $7,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HAROLD GERSHMAN | PRESIDENT | 1 | — |
| KATHY GERSHMAN | SECRETARY | 1 | — |
| LEONORA GERSHMAN | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Hal and Kathleen Gershman?
The Hal and Kathleen Gershman is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GRAND FORKS, ND. It holds $1.0M in total assets as of 2024.
How large is The Hal and Kathleen Gershman?
As of 2024, The Hal and Kathleen Gershman holds $1.0M in total assets with $320K in annual revenue. It awarded 3 grants totaling $18K in 2024.
Where does The Hal and Kathleen Gershman operate?
The Hal and Kathleen Gershman has awarded grants in California, District of Columbia, Florida, Illinois, Massachusetts, North Carolina, North Dakota, New York, Oklahoma, Pennsylvania, Texas, Virginia.
What size grants does The Hal and Kathleen Gershman award?
In 2024, The Hal and Kathleen Gershman awarded 3 grants totaling $18K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Hal and Kathleen Gershman required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hal and Kathleen Gershman reported a distributable amount of $47K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Hal and Kathleen Gershman's EIN?
The Hal and Kathleen Gershman's EIN (Employer Identification Number) is 26-1584651. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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