Benjamin D and Ruby G Schulman

Foundation · Grantmaker 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.

Key facts about Benjamin D and Ruby G Schulman

EIN: 04-2585160
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $780,000
Grants made (2024): 8
Average grant: $97,500
Median grant: $10,000
Total assets: $19,108,392
Primary geography: Massachusetts (60% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026.

Who Benjamin D and Ruby G Schulman funds

By grant dollars, the top recipient states for Benjamin D and Ruby G Schulman's 8 itemized 2024 grants were Massachusetts (60%) and Tennessee (36%). The most frequent recipient cities were Boston, MA (2 grants). 100% of grants with a stated purpose were for general or operating support.

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 $470K (60%)

Tennessee $280K (36%)

California $20K (3%)

Hawaii $10K (1%)

Share of all 8 itemized 2024 grant dollars.

States

California Hawaii Massachusetts Tennessee

Cities

BostonNashvilleWalthamAieaFall RiverStanfordCarlsbad

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 recipients 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
VANDERBILT HILLEL NASHVILLE, TN	UNRESTRICTED CHARITABLE GIFT	$280,000
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
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.