Comprehensive foundation profile based on the most recent IRS Form 990 filing
The Gerstner Family Foundation, based in Armonk, NY, is a philanthropic organization with assets totaling approximately $158 million. The foundation focuses on supporting families, economically disadvantaged individuals, education (particularly elementary and secondary education), and environmental causes such as climate change mitigation. In the fiscal year, the foundation reported expenses of over $11 million and revenue of approximately $12 million. It has funded initiatives in various cities across the United States, including major urban areas like New York, Boston, and Washington, D.C., as well as smaller communities. The foundation operates in several states, including California, Colorado, Connecticut, Florida, Massachusetts, and New York. Key personnel include Louis V. Gerstner Jr., who serves as the Chairperson, and Dr. Elizabeth R. Gerstner, the Vice Chairperson and VP of Programs. Kara V. Klein is the Executive Director, receiving a compensation of $400,000 annually.
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Financials
+2.6% from previous year
16 grants awarded in 2024
Of total revenue spent on programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $1,250,000 | WINDWARD FUND | ENVIRONMENTAL RESEARCH | Washington, DC, US | 2024 |
| $1,200,000 | DARTMOUTH COLLEGE | EMERGENCY GRANTS PROGRAM | Hanover, NH, US | 2022 |
| $1,200,000 | TRUSTEES OF DARTMOUTH COLLEGE | EMERGENCY GRANTS PROGRAM | Hanover, NH, US | 2023 |
| $1,200,000 | TRUSTEES OF DARTMOUTH COLLEGE | EDUCATION - SCHOLARSHIP PROGRAM | Hanover, NH, US | 2024 |
| $1,000,000 | COLUMBIA UNIVERSITY | BIOMEDICAL RESEARCH | New york, NY, US | 2022 |
| $1,000,000 | COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK TRUSTEES OF | BIOMEDICAL RESEARCH | New york, NY, US | 2023 |
| $1,000,000 | UNITED STATES CATHOLIC CONFERENCE | EDUCATION | Bronx, NY, US | 2024 |
| $555,000 | AMERICAN MUSEUM OF NATURAL HISTORY | BIOMEDICAL RESEARCH | New york, NY, US | 2022 |
| $500,000 | FAMILY PROMISE INC | EMERGENCY GRANTS PROGRAM | Summit, NJ, US | 2023 |
| $500,000 | WINDWARD FUND | ENVIRONMENTAL RESEARCH | Washington, DC, US | 2024 |
People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
KV
KARA V KLEIN
| TRUSTEE, EXECUTIVE DIRECTOR | $400,000 | 2024 |
DE
DR ELIZABETH R GERSTNER
| TRUSTEE, VICE CHAIRPERSON, VP PROGRAMS | $85,000 | 2024 |
LV
LOUIS V GERSTNER JR
| TRUSTEE, CHAIRPERSON | $0 | 2024 |
BT
BESSEMER TRUST COMPANY OF FLORIDA
| TRUSTEE | $0 | 2024 |
LOUIS V GERSTNER JR
TRUSTEE, CHAIRPERSON
DR ELIZABETH R GERSTNER
TRUSTEE, VICE CHAIRPERSON, VP PROGRAMS
BESSEMER TRUST COMPANY OF FLORIDA
TRUSTEE
KARA V KLEIN
TRUSTEE, EXECUTIVE 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