Alan & Ruth Borenstein Medical Scholarship
Alan & Ruth Borenstein Medical Scholarship is a private foundation focused on Education, based in Chicago, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.7M in total assets. In 2025, it awarded 4 grants totaling $120K. Net investment income was $70K.
Key facts about Alan & Ruth Borenstein Medical Scholarship
In short: Alan & Ruth Borenstein Medical Scholarship gave $120K across 4 grants in 2025 (avg $30K), mostly in New York. Source: 2025 IRS Form 990-PF.
- EIN
- 65-6119242
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $120,000
- Grants made (2025)
- 4
- Average grant
- $30,000
- Median grant
- $30,000
- Total assets
- $1,749,148
- Primary geography
- New York (75% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.7M
-4.6% YoY
Annual Giving
$120K
+20.0% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$30K
+20.0% YoY
Under IRS private-foundation payout rules, Alan & Ruth Borenstein Medical Scholarship reported a distributable amount of $92K for 2025 — the minimum it must pay out in qualifying distributions.
How Alan & Ruth Borenstein Medical Scholarship gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 166% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $85K (2023) to $120K (2025). In 2025 it made 4 grants totaling $120K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was American Friends of ($30K). Together the top 4 received $120K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Friends of New York, NY | Scholarships | $30,000 |
| Albert Einstein College New York, NY | Scholarships | $30,000 |
| Stanford University Stanford, CA | Scholarships | $30,000 |
| Columbia University New York, NY | Scholarships | $30,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,749,148 | $1,834,244 | $1,881,526 |
| Revenue | $79,239 | $97,369 | $61,824 |
| Expenses | $164,256 | $144,725 | $130,793 |
| Qualifying Distributions | $153,039 | $134,758 | $119,577 |
| Net Investment Income | $69,564 | $84,208 | $51,187 |
| Distributable Amount | $91,988 | $91,885 | $88,465 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 1, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 27, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 6, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 2, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 1, 2024)
Leadership & Key People
Officers and directors from IRS filings
Alan & Ruth Borenstein Medical Scholarship's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
Peter Greenberg
Trustee
On filings since 2019
40 hrs/week
$16K (2019) → $15K (2025)
Northern Trust Company
Trustee
On filings since 2021
40 hrs/week
$21K (2021) → $25K (2025)
Former officers (1)
- Former: The Northern Trust Company (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $25K, to Northern Trust Company (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Alan & Ruth Borenstein Medical Scholarship
How much does Alan & Ruth Borenstein Medical Scholarship give each year?
Alan & Ruth Borenstein Medical Scholarship gave $120K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $100K across 4 grants.
What is Alan & Ruth Borenstein Medical Scholarship's typical grant size?
Alan & Ruth Borenstein Medical Scholarship's median grant in 2025 was $30,000, and its average grant was $30,000, across 4 grants on its 2025 IRS Form 990-PF.
Where does Alan & Ruth Borenstein Medical Scholarship give grants?
Alan & Ruth Borenstein Medical Scholarship gives mostly in New York: 75% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was California (25%). The most frequent recipient cities were New York, NY (3 grants).
Does Alan & Ruth Borenstein Medical Scholarship give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Alan & Ruth Borenstein Medical Scholarship's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (4 grants).
How large is Alan & Ruth Borenstein Medical Scholarship?
Alan & Ruth Borenstein Medical Scholarship reported $1.7M in total assets on its 2025 IRS Form 990-PF. It paid out $153K in qualifying distributions that year, against a required minimum of $92K (roughly 5% of its investment assets).
What is Alan & Ruth Borenstein Medical Scholarship?
Alan & Ruth Borenstein Medical Scholarship is a private foundation focused on Education, based in Chicago, IL. It holds $1.7M in total assets as of 2025.
What is Alan & Ruth Borenstein Medical Scholarship's EIN?
Alan & Ruth Borenstein Medical Scholarship's EIN (Employer Identification Number) is 65-6119242. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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