Rollin M. Gerstacker Foundation

Last updated

Rollin M. Gerstacker Foundation
AbbreviationRMGF
Established1957;68 years ago (1957)
Type 501(c)(3) nonprofit organization
38-6060276 [1]
HeadquartersPost Office Box 1945, Midland, Michigan, US
Coordinates 43°36′49″N84°14′46″W / 43.6137°N 84.2460°W / 43.6137; -84.2460
Area served
Midland, Michigan and Cleveland, Ohio
President & CEO
Lisa J. Gerstacker
Key people
Revenue$5.49M [1] (2024)
Expenses$11M [1] (2024)
Endowment $137M [1] (2024)
Website gerstackerfoundation.org

The Rollin M. Gerstacker Foundation is the second-largest charitable funding organization based in Midland, Michigan. During 2024, gifts exceeded $9 million and in their 67-year history, over $300 million has been disbursed. [2]

Contents

Foundation

In 1957, Mrs. Eda U. Gerstacker created the foundation in her husband's memory after his death in 1945. The Gerstackers invested early in the Dow Chemical Company on the advice of her brother-in-law, and their stock was worth a small fortune. During that first year, gifts of $875 were disbursed. The foundation's stated purpose is to forever provide financial aid to the types of charities that were favored by Eda and her husband, Rollin. The charities should be located proximate to Cleveland in Ohio and Midland in Michigan where she, her sister and their husbands lived. [3] [4]

The charity's request must support one of the following areas: [5]

History

Eda's brother-in-law, James T. Pardee was an early financial backer of Herbert Henry Dow when he founded the Dow Chemical Company. He served on Dow's board for many years and accumulated a fortune. When James died in January 1944 and his wife, Elsa died ten months later, they left their wealth to Eda. By the time Eda died in 1975, she had donated all their wealth to the Gerstacker Foundation.

Eda's son Carl Gerstacker worked at Dow Chemical for over 40 years including 17 as chairman of the board. When he died in 1995, he followed his mother's example and donated most of his wealth to the Gerstacker Foundation. [6]

Programs

Trustees

The trustees have traditionally been members of the Gerstacker family and executives from Dow Chemical. As of 2023, the trustees were:

References

  1. 1 2 3 4 "Rollin M Gerstacker Foundation". propublica.org. ProPublica. Retrieved May 18, 2025.
  2. "2024 Annual Report". gerstackerfoundation.org. Gerstcker Foundation. Retrieved May 18, 2025.
  3. "Rollin M. Gerstacker Foundation expands donor family support with remembrance cards". eversightvision.org. Eversight. Retrieved May 12, 2025.
  4. "Rollin M. Gerstacker Foundation". gerstackerfoundation.org. Rollin M. Gerstacker Foundation. Retrieved May 12, 2025.
  5. 1 2 "The Rollin M. Gerstacker Foundation". umich.edu. Regents of the University of Michigan. Retrieved May 12, 2025.
  6. "History of Giving". gerstackerfoundation.org. Rollin M. Gerstacker Foundation. Retrieved May 11, 2025.
  7. "The Gerstacker Fellowship Program". svsu.edu. Saginaw Valley State University. Retrieved May 12, 2025.
  8. "Gerstacker Spray Park". michigan.org. Michigan Economic Development. Retrieved May 12, 2025.
  9. "Annual Gerstacker Awards". midlandps.org. Midland Public Schools. Retrieved May 12, 2025.
  10. 1 2 "Edna U. Gerstacker Grove". stoss.net. Stoss Landscape Urbanism. Retrieved May 12, 2025.
  11. Trylch, Rebecca (April 24, 2017). "Tridge renovations underway in Midland". ABC12. WJRT. Retrieved April 25, 2017.
  12. "Courthouse". midlandcountymi.gov. THE COUNTY OF MIDLAND, MI. Retrieved May 16, 2025.
  13. John Kennett (June 19, 2018). "Midland celebrates its courthouse renovation". Midland Daily News.
  14. "2016 Annual Report" (PDF). gerstackerfoundation.org. Gerstcker Foundation. Retrieved May 18, 2025.
  15. "Rollin M. Gerstacker Foundation announces leadership for 2023". ourmidland.com. Midland Daily News. Retrieved May 12, 2025.