Lightly grease or line a 9×9-inch baking dish with parchment paper.
In a medium bowl, combine 1½ cups graham cracker crumbs, melted butter, and granulated sugar. Mix until evenly moistened.
Press the crumb mixture firmly into the bottom of the prepared baking dish. Refrigerate for 15 to 20 minutes.
In a large mixing bowl, beat the softened cream cheese until smooth. Add the powdered sugar and vanilla extract, then beat until creamy.
In a separate bowl, whip the cold heavy cream with an electric mixer until stiff peaks form.
Gently fold the whipped cream into the cream cheese mixture in three additions until fully combined.
Spread half of the cream cheese mixture evenly over the chilled graham cracker crust.
Spoon the cherry pie filling over the cream cheese layer, spreading gently to cover the surface.
Carefully spread the remaining cream cheese mixture over the cherry filling.
Sprinkle the remaining ¼ cup graham cracker crumbs over the top.
Cover and refrigerate for at least six hours or overnight until firm.
Slice into nine squares and serve chilled.