• Louis V. Gerstner, Jr. to Conclude 8 Year Term as Chair of Broad Institute Board

    The Broad Institute of MIT and Harvard announced today that renowned technologist, entrepreneur and philanthropist Eric Schmidt will become the next Chair of the Board of Directors, succeeding Louis V. Gerstner, Jr., who has served as Chair of the Board since 2013. Under his leadership as Chair, the Broad Institute has expanded its focus and impact around mental illness, genome editing, cancer diagnostics, therapeutics and drug discovery, developing software tools to drive the intersection of biology and machine learning, COVID-19 testing and research to serve public health needs, and more.

  • Columbia University Announces 2021 Louis V. Gerstner Jr., Scholars

    Four physician-scientists at the Vagelos College of Physicians and Surgeons—Jennifer Gelinas, Catherine Spina, Aaron Viny, and Xiao Zhao—have been named 2021 Louis V. Gerstner Jr. Scholars. Eliza C. Miller, a 2018 Gerstner Scholar, has been named a 2021 Louis V. Gerstner Jr. Merit Awardee. Since 2008, The Louis V. Gerstner Jr. Scholars Program has supported tenure-track physicians who conduct research that has the promise to bring new treatments to patients. The fund provides a stipend of $75,000 per year, for up to three years, to support the awardees’ research projects. Scholars are nominated by a committee of distinguished research faculty and selected by the VP&S dean. The program also presents the Gerstner Merit Award to an outstanding third-year Louis V. Gerstner Jr. Scholar who has made great strides in research.

    Read more about this year's scholars at
  • Gerstner Philanthropies Releases 2020 Year in Numbers Report
    February 22, 2021

    2020 was a landmark year for Gerstner Philanthropies. Grants totaled over $27 million, the most in its history. 74 organizations were supported across our program areas, including 19 new grantees. We responded to COVID-19 by providing grantees with additional resources, flexibility, and other support, and we are proud of the impact that they achieved despite challenging circumstances. For more on our engagement and impact in 2020, please see the full Year in Numbers report.

    2020 Year in Numbers Report
  • Gerstner Philanthropies Awards $4.3 Million For Helping Hands Emergency Grant Program
    January 28, 2021

    Gerstner Philanthropies ( announced today that it has awarded $4.3 million to 36 social services organizations to be used for grants to individuals facing a one-time, urgent need. Gerstner made the awards as part of its Helping Hands program, which has been instrumental in helping households stabilize from the devastating impact of COVID-19. Emergency grants have been a core part of Gerstner’s work for over a decade, with this year’s grants bringing the total Helping Hands funding to over $20 million. Over 60% of grants help people facing eviction, though funds may also be used for other urgent needs, such as utilities, medical expenses, and food. 87% of people who receive an emergency grant for rent are stably housed one year later. Critical to the program’s success is that the emergency grants are made in the context of comprehensive case management and other support services. The organizations who received grants in this most recent round of funding are located in New York City and Westchester County, NY; Palm Beach County, FL; and Boston, MA and are listed here: