Benjamin D and Ruby G Schulman

BOSTON, MA EIN: 04-2585160

Benjamin D and Ruby G Schulman is a private foundation, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $19.1M in total assets. In 2024, it awarded 8 grants totaling $780K. Net investment income was $1.0M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$19.1M

+40.0% YoY

Annual Giving

$780K

-16.1% YoY

Grant Count

+33.3% YoY

Avg Grant Size

$98K

-37.1% YoY

Under IRS private-foundation payout rules, Benjamin D and Ruby G Schulman reported a distributable amount of $883K for 2024 — the minimum it must pay out in qualifying distributions.

About Benjamin D and Ruby G Schulman

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $1.6M (60%)

Tennessee $980K (38%)

California $30K (1%)

Hawaii $20K (1%)

States

California Hawaii Massachusetts Tennessee

Cities

AieaBostonCarlsbadFall RiverNashvilleStanfordWaltham

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$19,108,392	$13,645,956	$11,693,774
Revenue	$7,267,224	$3,890,758	$6,426,243
Expenses	$1,279,505	$2,182,533	$885,766
Qualifying Distributions	$823,409	$930,000	$565,000
Net Investment Income	$1,013,318	—	$227,851
Distributable Amount	$882,821	$639,635	$433,097

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

24 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Jewish Family & Children's Services ($400,000), Vanderbilt Hillel ($280,000), Northeastern University ($50,000).

Recipient	Purpose	Amount
JEWISH FAMILY & CHILDREN'S SERVICES WALTHAM, MA	UNRESTRICTED CHARITABLE GIFT	$400,000
NORTHEASTERN UNIVERSITY BOSTON, MA	UNRESTRICTED CHARITABLE GIFT	$50,000
USS MASSACHUSETTS MEMORIAL COMMITTEE INC FALL RIVER, MA	UNRESTRICTED CHARITABLE GIFT	$10,000
USS MISSOURI MEMORIAL ASSOCIATION INC AIEA, HI	UNRESTRICTED CHARITABLE GIFT	$10,000
VANDERBILT HILLEL NASHVILLE, TN	UNRESTRICTED CHARITABLE GIFT	$280,000
WINSOR SCHOOL BOSTON, MA	UNRESTRICTED CHARITABLE GIFT	$10,000
CARLSBAD LIBRARY AND ARTS FOUNDATION CARLSBAD, CA	UNRESTRICTED CHARITABLE GIFT	$10,000
STANFORD UNIVERSITY STANFORD, CA	UNRESTRICTED CHARITABLE GIFT	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
STEVEN C GOODWIN	TRUSTEE	1	—
KAREN SCHULMAN	TRUSTEE	1	—
FRANCIS A DIGIOVANNA	TRUSTEE	1	—

Frequently Asked Questions

How large is Benjamin D and Ruby G Schulman?

As of 2024, Benjamin D and Ruby G Schulman holds $19.1M in total assets with $7.3M in annual revenue. It awarded 8 grants totaling $780K in 2024.

Where does Benjamin D and Ruby G Schulman operate?

Benjamin D and Ruby G Schulman has awarded grants in California, Hawaii, Massachusetts, Tennessee.

What size grants does Benjamin D and Ruby G Schulman award?

In 2024, Benjamin D and Ruby G Schulman awarded 8 grants totaling $780K — an average of about $98K per grant, based on its IRS Form 990 filings.

How much is Benjamin D and Ruby G Schulman required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Benjamin D and Ruby G Schulman reported a distributable amount of $883K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Benjamin D and Ruby G Schulman's EIN?

Benjamin D and Ruby G Schulman's EIN (Employer Identification Number) is 04-2585160. IRS Form 990 filing data is available on this page for 2020–2024.