Overview
What is Gershenson Family Support Foundation?
The Gershenson Family Support Foundation is a charitable organization, based in Bloomfield Hills, Michigan. It is renowned for granting awards to various nonprofit organizations. The foundation's mission is multifaceted, extending beyond the Jewish community to support the broader community as well. Through its grant-giving activities, the foundation plays a significant role in uplifting various sectors, contributing to the well-being of its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Gershenson Family Support Foundation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance metrics. The organization scored particularly well on governance aspects such as having a majority of independent board members (77% independent) and maintaining a conflict of interest policy, both of which contribute to its overall accountability.
While the foundation excels in many areas, including having no material diversion of assets and a perfect liabilities to assets ratio, it has room for improvement in its program expense ratio, which stands at 57.74%. This suggests that a higher percentage of its budget could be allocated directly to its programs rather than administrative costs.
Overall, the foundation demonstrates a commitment to transparency and responsible management, which is a positive indicator for potential donors and supporters. However, addressing the program expense ratio would enhance its effectiveness and impact in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Gershenson Family Support Foundation legitimate?
Gershenson Family Support Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gershenson Family Support Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Gershenson Family Support Foundation?
The Gershenson Family Support Foundation's mission is centered around supporting both the Jewish community and the broader community at large. They achieve this mission by providing grants and awards to various charitable organizations. Their activities are geared towards making a positive impact in various communities, demonstrating a commitment to community welfare and development.
Who is the CEO of Gershenson Family Support Foundation?
Dorothy Benyas is the Vice President of Gershenson Family Support Foundation.
What is the revenue of Gershenson Family Support Foundation?
Gershenson Family Support Foundation's revenue in 2022 was $48,195.
Who are the executives of Gershenson Family Support Foundation and what are their salaries?
There 7 volunteers at Gershenson Family Support Foundation.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $382,014
- Other: $16,542
- Compensation: $0
- Related: $237,098
- Other: $13,100
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Gershenson Family Support Foundation?
Gershenson Family Support Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gershenson Family Support Foundation
The Gershenson Family Support Foundation is committed to serving both the Jewish community and the broader community as a whole. According to its mission, the foundation provides support through grants and awards to various charitable organizations. By doing so, it aims to contribute positively to these communities, demonstrating a dedication to making a difference in people's lives. The foundation's activities are centered around providing financial assistance to organizations that share its values and vision, thereby contributing to the betterment of society as a whole.
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Impact
October, 2024
The Gershenson Family Support Foundation plays a vital role in enhancing both the Jewish community and the broader community in Bloomfield Hills, MI. Through its strategic grants and awards, the foundation provides crucial financial support to charitable organizations, fostering initiatives that address various social needs and challenges. By focusing on community welfare, the foundation not only strengthens Jewish cultural and communal bonds but also contributes to the overall well-being of the region. Its commitment to philanthropy reflects a dedication to creating a positive impact, ensuring that essential services and programs are available to those in need.
This information is meant to be a general summary of Gershenson Family Support Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $48,195
- Gross Receipts: $48,195
Assets and Liabilities:
- Total Assets: $769,752
- Total Liabilities: $0
- Net Assets: $769,752
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Organization Details
Founding Year
1998
Phone
(248) 642-4260Principal Officer
Dorothy Benyas
Main Address
PO BOX 2030 6735 TELEGRAPH RD, BLOOMFIELD HILLS, MI, 48301
NTEE Category
Code: T30Z - Philanthropy
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