Elmont-Schwabe Charitable Corporation

Foundation · Grantmaker BOSTON, MA EIN: 04-3071612

Elmont-Schwabe Charitable Corporation is a private foundation, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $185K in total assets. In 2024, it awarded 5 grants totaling $9K. Net investment income was $77K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$185K

+62.1% YoY

Annual Giving

$9K

+21.4% YoY

Grant Count

-16.7% YoY

Avg Grant Size

$2K

+45.7% YoY

Under IRS private-foundation payout rules, Elmont-Schwabe Charitable Corporation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.

About Elmont-Schwabe Charitable Corporation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $22K (69%)

New York $10K (31%)

States

Massachusetts New York

Cities

AmherstBostonNew YorkNorth Andover

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$184,501	$113,841	$113,498
Revenue	$77,724	$8,145	$6,479
Expenses	$9,445	$7,741	$4,807
Qualifying Distributions	$8,500	$7,000	$4,000
Net Investment Income	$76,779	$7,404	$5,672
Distributable Amount	$6,808	$6,029	$6,029

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

21 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Stephen Elmont Scholarship ($5,000), Greater Boston Food Bank ($1,000), One Family ($1,000).

Recipient	Purpose	Amount
Greater Boston Food Bank Boston, MA	General Contribution	$1,000
Lawyers for Civil Rights Boston, MA	General Contribution	$500
One Family Boston, MA	General Contribution	$1,000
Southwest Corridor Park Conservancy Inc Boston, MA	General Contribution	$1,000
Stephen Elmont Scholarship Amherst, MA	General Contribution	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Linda Schwabe	President	5	—

Frequently Asked Questions

How large is Elmont-Schwabe Charitable Corporation?

As of 2024, Elmont-Schwabe Charitable Corporation holds $185K in total assets with $78K in annual revenue. It awarded 5 grants totaling $9K in 2024.

Where does Elmont-Schwabe Charitable Corporation operate?

Elmont-Schwabe Charitable Corporation has awarded grants in Massachusetts, New York.

What size grants does Elmont-Schwabe Charitable Corporation award?

In 2024, Elmont-Schwabe Charitable Corporation awarded 5 grants totaling $9K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Elmont-Schwabe Charitable Corporation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Elmont-Schwabe Charitable Corporation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Elmont-Schwabe Charitable Corporation's EIN?

Elmont-Schwabe Charitable Corporation's EIN (Employer Identification Number) is 04-3071612. IRS Form 990 filing data is available on this page for 2020–2024.