Charles Shulman Foundation

CHICAGO, IL EIN: 65-6062187

Charles Shulman Foundation is a private foundation, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $957K in total assets. In 2024, it awarded 3 grants totaling $40K. Net investment income was $34K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$957K

-1.8% YoY

Annual Giving

$40K

-3.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$13K

-3.4% YoY

Under IRS private-foundation payout rules, Charles Shulman Foundation reported a distributable amount of $56K for 2024 — the minimum it must pay out in qualifying distributions.

About Charles Shulman Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $69K (33%)

Maine $69K (33%)

North Carolina $69K (33%)

States

Massachusetts Maine North Carolina

Cities

BrunswickDurhamSwampscott

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$956,709	$974,711	$998,712
Revenue	$39,633	$34,470	$47,768
Expenses	$57,683	$58,196	$64,334
Qualifying Distributions	$52,008	$52,519	$57,146
Net Investment Income	$34,368	$29,379	$39,567
Distributable Amount	$55,829	$51,089	$52,167

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Bowdoin College ($13,492), Duke University ($13,492), Jewish Rehab Center of ($13,492).

Recipient	Purpose	Amount
BOWDOIN COLLEGE BRUNSWICK, ME	GENERAL SUPPORT	$13,492
DUKE UNIVERSITY DURHAM, NC	GENERAL SUPPORT	$13,492
JEWISH REHAB CENTER OF SWAMPSCOTT, MA	GENERAL SUPPORT	$13,492

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	$13,689

Frequently Asked Questions

How large is Charles Shulman Foundation?

As of 2024, Charles Shulman Foundation holds $957K in total assets with $40K in annual revenue. It awarded 3 grants totaling $40K in 2024.

Where does Charles Shulman Foundation operate?

Charles Shulman Foundation has awarded grants in Massachusetts, Maine, North Carolina.

What size grants does Charles Shulman Foundation award?

In 2024, Charles Shulman Foundation awarded 3 grants totaling $40K — an average of about $13K per grant, based on its IRS Form 990 filings.

How much is Charles Shulman Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Charles Shulman Foundation reported a distributable amount of $56K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.