Comprehensive foundation profile based on the most recent IRS Form 990 filing
The C Gary and Virginia Gerst Foundation is a philanthropic organization based in Chicago, Illinois. With assets totaling approximately $2.78 million, the foundation focuses on supporting initiatives in arts and culture, performing arts, theater, education, health, diseases and conditions, and human services, including family services. Despite having expenses of $352,973 and a revenue of $84,417, the foundation actively funds projects across various cities such as Arlington, Aspen, Atlanta, Chicago, and New York, among others, and in states including Colorado, Georgia, Illinois, and New York. The foundation is led by Cornelius Gary Gerst as President and Director, Virginia C Gerst as Secretary and Treasurer, and C Graham Gerst as Director, all of whom serve without compensation.
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Financials
+2.6% from previous year
30 grants awarded in 2024
Of total revenue spent on programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $160,000 | Northwestern Memorial Foundation | Public Charity Support | Chicago, IL, US | 2022 |
| $52,500 | North Shore Country Day | Public Charity Support | Winnetka, IL, US | 2024 |
| $50,000 | Chicago Shakespeare Theatre | Support for the Arts | Chicago, IL, US | 2024 |
| $40,000 | Metropolitan Family Services | Public Charity Support | Chicago, IL, US | 2022 |
| $37,000 | University of Chicago - Court Theatre | Support for the Arts | Chicago, IL, US | 2022 |
| $35,000 | Lyric Opera of Chicago | Support for the Arts | Chicago, IL, US | 2022 |
| $35,000 | Lyric Opera of Chicago | Support for the Arts | Chicago, IL, US | 2023 |
| $35,000 | Lyric Opera of Chicago | Support for the Arts | Chicago, IL, US | 2024 |
| $30,000 | Numbers USA Education and Research foundation | Civic and Community Support | Arlington, VA, US | 2022 |
| $30,000 | Numbers USA Education and Research foundation | Civic and Community Support | Arlington, VA, US | 2023 |
People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
CG
Cornelius Gary Gerst
| President, Director | $0 | 2024 |
VC
Virginia C Gerst
| Secretary, Treasurer | $0 | 2024 |
CG
C Graham Gerst
| Director | $0 | 2024 |
Cornelius Gary Gerst
President, Director
Virginia C Gerst
Secretary, Treasurer
C Graham Gerst
Director
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025