The Richard and Sherry Gershenson Family Foundation
The Richard and Sherry Gershenson Family Foundation is a private foundation focused on Education, based in Farmington Hills, MI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $51K in total assets. In 2025, it awarded 4 grants totaling $21K. Net investment income was $3K.
Key facts about The Richard and Sherry Gershenson Family Foundation
In short: The Richard and Sherry Gershenson Family Foundation gave $21K across 4 grants in 2025 (avg $5K), mostly in New York. Source: 2025 IRS Form 990-PF.
- EIN
- 38-3314501
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $20,900
- Grants made (2025)
- 4
- Average grant
- $5,225
- Median grant
- $5,000
- Total assets
- $51,206
- Primary geography
- New York (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated October 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$51K
-21.8% YoY
Annual Giving
$21K
-33.7% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$5K
-50.2% YoY
Under IRS private-foundation payout rules, The Richard and Sherry Gershenson Family Foundation reported a distributable amount of $4K for 2025 — the minimum it must pay out in qualifying distributions.
How The Richard and Sherry Gershenson Family Foundation gives
- In 2025 it paid out 542% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $2K (2021) to $32K (2024). In 2025 it made 4 grants totaling $21K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Inservice Foundation ($16K across 3 grants). Together the top 2 received $21K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Inservice Foundation New York, NY | General | $10,000 |
| Wildlife Conservation Society Bronx, NY | General | $5,000 |
| Inservice Foundation New York, NY | General | $5,000 |
| Inservice Foundation New York, NY | General | $900 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $51,206 | $65,487 | $104,666 |
| Revenue | $8,171 | $2,362 | $7,129 |
| Expenses | $22,452 | $32,925 | $32,044 |
| Qualifying Distributions | $21,624 | $32,202 | $30,682 |
| Net Investment Income | $3,098 | $1,220 | $4,339 |
| Distributable Amount | $3,989 | $4,711 | $5,930 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS December 16, 2019)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS December 14, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS December 15, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 23, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS December 16, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS December 12, 2025)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Officers and directors from IRS filings
The Richard and Sherry Gershenson Family Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Aaron Gershenson
Trustee
On filings since 2019
1 hr/week
No compensation reported
Lyndsey Gershenson
Trustee
On filings since 2019
1 hr/week
No compensation reported
Sherry Gershenson
Director
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Richard and Sherry Gershenson Family Foundation
How much does The Richard and Sherry Gershenson Family Foundation give each year?
The Richard and Sherry Gershenson Family Foundation gave $21K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $32K across 3 grants.
What is The Richard and Sherry Gershenson Family Foundation's typical grant size?
The Richard and Sherry Gershenson Family Foundation's median grant in 2025 was $5,000, and its average grant was $5,225, across 4 grants on its 2025 IRS Form 990-PF.
Where does The Richard and Sherry Gershenson Family Foundation give grants?
The Richard and Sherry Gershenson Family Foundation gives mostly in New York: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (3 grants).
Does The Richard and Sherry Gershenson Family Foundation give general operating support?
Yes: 100% of The Richard and Sherry Gershenson Family Foundation's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Richard and Sherry Gershenson Family Foundation?
The Richard and Sherry Gershenson Family Foundation reported $51K in total assets on its 2025 IRS Form 990-PF. It paid out $22K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets).
What is The Richard and Sherry Gershenson Family Foundation?
The Richard and Sherry Gershenson Family Foundation is a private foundation focused on Education, based in Farmington Hills, MI. It holds $51K in total assets as of 2025.
What is The Richard and Sherry Gershenson Family Foundation's EIN?
The Richard and Sherry Gershenson Family Foundation's EIN (Employer Identification Number) is 38-3314501. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
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