Alan & Ruth Borenstein Medical Scholarship is a private foundation focused on Education, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 4 grants totaling $100K. Net investment income was $84K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
-2.5% YoY
Annual Giving
$100K
+17.6% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$25K
+17.6% YoY
Under IRS private-foundation payout rules, Alan & Ruth Borenstein Medical Scholarship reported a distributable amount of $92K for 2024 — the minimum it must pay out in qualifying distributions.
About Alan & Ruth Borenstein Medical Scholarship
Based on IRS filings
Alan & Ruth Borenstein Medical Scholarship is a private foundation focused on Education, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 4 grants totaling $100K. Net investment income was $84K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,834,244 | $1,881,526 | $1,950,847 |
| Revenue | $97,369 | $61,824 | $50,484 |
| Expenses | $144,725 | $130,793 | $173,847 |
| Qualifying Distributions | $134,758 | $119,577 | $155,063 |
| Net Investment Income | $84,208 | $51,187 | $39,913 |
| Distributable Amount | $91,885 | $88,465 | $94,057 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Friends of ($25,000), Albert Einstein College ($25,000), Stanford University ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN FRIENDS OF NEW YORK, NY | SCHOLARSHIPS | $25,000 |
| ALBERT EINSTEIN COLLEGE NEW YORK, NY | SCHOLARSHIPS | $25,000 |
| STANFORD UNIVERSITY STANFORD, CA | SCHOLARSHIPS | $25,000 |
| COLUMBIA UNIVERSITY NEW YORK, NY | SCHOLARSHIPS | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NORTHERN TRUST COMPANY | TRUSTEE | 40 | $25,184 |
| PETER GREENBERG | TRUSTEE | 40 | $16,476 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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 $1.8M in total assets as of 2024.
How large is Alan & Ruth Borenstein Medical Scholarship?
As of 2024, Alan & Ruth Borenstein Medical Scholarship holds $1.8M in total assets with $97K in annual revenue. It awarded 4 grants totaling $100K in 2024.
Where does Alan & Ruth Borenstein Medical Scholarship operate?
Alan & Ruth Borenstein Medical Scholarship has awarded grants in California, New York.
What size grants does Alan & Ruth Borenstein Medical Scholarship award?
In 2024, Alan & Ruth Borenstein Medical Scholarship awarded 4 grants totaling $100K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is Alan & Ruth Borenstein Medical Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Alan & Ruth Borenstein Medical Scholarship reported a distributable amount of $92K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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