GERSON FAMILY CHARITABLE TRUST: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
GERSON FAMILY CHARITABLE TRUST (EIN 87-2393101)
Tax period
2021-08-27 to 2021-12-31
Filed
2022-11-06
IRS object ID
202203109349100105
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-06T13:44:31-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN454190519PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MCLEAN & COMPANY CPASBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11392 GRAND OAKS DRAddressLine1Txt
CityCINCINNATICityNm
State AbbreviationOHStateAbbreviationCd
ZIP45255ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-08-27TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN872393101EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GERSON FAMILY CHARITABLE TRUSTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGERSBusinessNameControlTxt
Phone5133357667PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16700 E BEECHLANDS DRIVEAddressLine1Txt
CityCINCINNATICityNm
State AbbreviationOHStateAbbreviationCd
ZIP45237ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSHELLY SHOR GERSONPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone5133357667PhoneNum
Signature2022-11-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSHELLY SHORPersonFirstNm
Person LastGERSONPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHIRLEY L MCLEANPreparerPersonNm
PTINP00180429PTIN
Phone5133767601PhoneNum
Preparation2022-11-06PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,042,114FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,984,669ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$5,941DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,941DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$126,674NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$202,348GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$126,674CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$2,117,285TotalRevAndExpnssAmt
Total Net Invst Incm$132,616TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$1,459OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,459OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,459TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,459TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$118,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$118,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$119,459TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,459TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$118,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,997,826ExcessRevenueOverExpensesAmt
Net Investment Income$131,157NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$88,847CashEOYAmt
Cash EOYFMV$88,847CashEOYFMVAmt
Corporate Stock EOY$1,953,267CorporateStockEOYAmt
Corporate Stock EOYFMV$1,953,267CorporateStockEOYFMVAmt
Total Assets EOY$2,042,114TotalAssetsEOYAmt
Total Assets EOYFMV$2,042,114TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
No Donor Rstr Net Assests EOY$2,042,114NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances EOY$2,042,114TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$0TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,042,114TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Excess Revenue Over Expenses$1,997,826ExcessRevenueOverExpensesAmt
Other Increases$44,288OtherIncreasesAmt
Subtotal$2,042,114SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,042,114TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
200 MICROSOFT CORPD2020-01-302021-11-18$68,214$34,643$33,571$33,571
450 TEXAS INSTRUMENTSD2016-03-082021-11-18$87,231$24,734$62,497$62,497
230 VISA INCD2016-02-162021-11-18$46,903$16,297$30,606$30,606
FieldValueIRS element (for citing)
Capital Gain Net Income$126,674CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,823InvestmentIncomeExciseTaxAmt
Subtotal$1,823SubtotalAmt
Tax Based On Investment Income$1,823TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$63ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$63TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$25EsPenaltyAmt
Tax Due$1,785TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateOHOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksSHELLY SHOR GERSONIndividualWithBooksNm
Phone5133357667PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line16700 E BEECHLANDS DRIVEAddressLine1Txt
CityCINCINNATICityNm
State AbbreviationOHStateAbbreviationCd
ZIP45237ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonSHELLY SHOR GERSONPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line16700 E BEECHLANDS DRIVEAddressLine1Txt
CityCINCINNATICityNm
State AbbreviationOHStateAbbreviationCd
ZIP45237ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,957,568AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$73,341AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,030,909TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,030,909AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$30,464CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,000,445NetVlNoncharitableAssetsAmt
Minimum Investment Return$34,802MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$34,802MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,823TaxBasedOnInvestmentIncomeAmt
Total Tax$1,823TotalTaxAmt
Distributable Before Adj$32,979DistributableBeforeAdjAmt
Distributable Before Ded$32,979DistributableBeforeDedAmt
Distributable As Adjusted$32,979DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$118,000ExpensesAndContributionsAmt
Qualifying Distributions$118,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$32,979DistributableAsAdjustedAmt
Qualifying Distributions$118,000QualifyingDistributionsAmt
Applied To Current Year$32,979AppliedToCurrentYearAmt
Remaining Distri From Corpus$85,021RemainingDistriFromCorpusAmt
Total Corpus$85,021TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$85,021ExcessDistriCyovToNextYrAmt
Excess From Current Year$85,021ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSHELLY SHOR GERSONContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Restrictions On AwardsMUST BE A JEWISH CHARITABLE ORGANIZATION.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2TxtAddress Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CAMP LIVINGSTON
CAMP LIVINGSTON8485 RIDGE ROAD8485 RIDGE ROADCINCINNATIOH45236PCGENERAL SUPPORT$5,000
CHABAD JEWISH CENTER
CHABAD JEWISH CENTER3977 HUNT ROAD3977 HUNT ROADCINCINNATIOH45236PCGENERAL SUPPORT$5,000
JEWISH NATIONAL FUND
JEWISH NATIONAL FUND42 EAST 69TH STREET42 EAST 69TH STREETNEW YORKNY10021PCGENERAL SUPPORT$80,000
HADASSAH MEDICAL RELIEF
HADASSAH MEDICAL RELIEF50 WEST 58TH STREET50 WEST 58TH STREETNEW YORKNY10019PCGENERAL SUPPORT$18,000
AMERICAN FRIENDS OF DAVID ADOM
AMERICAN FRIENDS OF DAVID ADOM20 W 36TH STR SUITE 110020 W 36TH STR SUITE 1100NEW YORKNY10018PCFUND AMBULANCE BAY$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$118,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5,941ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$126,674RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$5,942ExclusionAmt
Related Or Exempt Function Incm$126,674RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$132,616TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AIR PROD & CHEMICALS$10,649$10,649
APPLE$355,673$355,673
CARRIER GLOBAL CORP$59,881$59,881
MICROSOFT$1,158,286$1,158,286
MORGAN STANLEY$196,516$196,516
TEXAS INSTRUMENTS$172,262$172,262

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
MARINER INVESTMENT ADVISORY F$1,442$1,442
CHARLES SCHWAB FEES$17$17

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAINSDesc
Amt$44,288Amt

Reduction Explanation Statement ReductionExplanationStatement

FieldValueIRS element (for citing)
Short ExplanationADJUSTED FOR SHORT TAX PERIODShortExplanationTxt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonSHELLY SHOR GERSONPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line16700 E BEECHLANDS DRIVEAddressLine1Txt
Address Line26700 E BEECHLANDS DRIVEAddressLine2Txt
CityCINCINNATICityNm
State AbbreviationOHStateAbbreviationCd
ZIP45237ZIPCd

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