Charles Shulman Foundation
Charles Shulman Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $952K in total assets. In 2025, it awarded 3 grants totaling $44K. Net investment income was $50K.
Charles Shulman Foundation at a glance
In short: Charles Shulman Foundation gave $44K across 3 grants in 2025 (avg $15K), top state Maine. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $44,298
- +9.4% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $14,766
- +9.4% vs 2024
- Median grant
- $14,766
- Total assets
- $951,953
- -0.5% vs 2024
- Primary geography
- Maine (33% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Charles Shulman Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Bowdoin College ($15K). Together the top 3 received $44K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Charles Shulman Foundation gives
- Giving held roughly steady from 2022 to 2025 (−6%). Method
- In 2025 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $39K (2020) to $48K (2019). In 2025 it made 3 grants totaling $44K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bowdoin College Brunswick, ME | General Support | $14,766 |
| Jewish Rehab Center of Peabody, MA | General Support | $14,766 |
| Duke University Durham, NC | General Support | $14,766 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $951,953 | $56,002 | $60,696 | $44,298 | 3 | $55,751 | $50,463 | $59,730 |
| 2024 | $956,709 | $39,633 | $57,683 | $40,476 | 3 | $52,008 | $34,368 | $55,829 |
| 2023 | $974,711 | $34,470 | $58,196 | $41,907 | 3 | $52,519 | $29,379 | $51,089 |
| 2022 | $998,712 | $47,768 | $64,334 | $46,884 | 3 | $57,146 | $39,567 | $52,167 |
| 2021 | $1,018,249 | $113,461 | $56,687 | $39,765 | 3 | $50,722 | $108,007 | $57,843 |
| 2020 | $961,480 | $66,568 | $53,164 | $38,553 | 3 | — | $61,458 | $49,286 |
| 2019 | $948,074 | $105,306 | $65,747 | $47,745 | 3 | — | $102,600 | $50,144 |
Under IRS private-foundation payout rules, Charles Shulman Foundation reported a distributable amount of $60K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Charles Shulman Foundation's only listed officer is Northern Trust Company, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Northern Trust Company
Trustee
On filings since 2021
40 hrs/week
$13K (2021) → $15K (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 $15K, to Northern Trust Company (Trustee).
Frequently asked questions about Charles Shulman Foundation
How much does Charles Shulman Foundation give each year?
Charles Shulman Foundation gave $44K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $40K across 3 grants.
What is Charles Shulman Foundation's typical grant size?
Charles Shulman Foundation's median grant in 2025 was $14,766, and its average grant was $14,766, across 3 grants on its 2025 IRS Form 990-PF.
Where does Charles Shulman Foundation give grants?
Charles Shulman Foundation's top state is Maine, with 33% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Massachusetts (33%) and North Carolina (33%).
Does Charles Shulman Foundation give general operating support?
Yes: 100% of Charles Shulman Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Charles Shulman Foundation?
Charles Shulman Foundation reported $952K in total assets on its 2025 IRS Form 990-PF. It paid out $56K in qualifying distributions that year, against a required minimum of $60K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Charles Shulman Foundation's EIN?
Charles Shulman Foundation's EIN (Employer Identification Number) is 65-6062187. 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.
Data update history
(7)
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 7, 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)
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