Hollywood Employee Educational Fund

Private foundation · Grantmaker Palm Beach, FL EIN: 20-2024720

Hollywood Employee Educational Fund is a private foundation focused on Education, based in Palm Beach, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $140K in total assets. In 2025, it awarded 2 grants totaling $11K.

Key facts about Hollywood Employee Educational Fund

In short: Hollywood Employee Educational Fund gave $11K across 2 grants in 2025 (avg $6K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.

EIN
20-2024720
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$11,269
Grants made (2025)
2
Average grant
$5,635
Median grant
$5,635
Total assets
$139,730
Primary geography
New Jersey (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$140K

-9.6% YoY

Annual Giving

$11K

+7.1% YoY

Grant Count

2

-33.3% YoY

Avg Grant Size

$6K

+60.7% YoY

Under IRS private-foundation payout rules, Hollywood Employee Educational Fund reported a distributable amount of $7K for 2025 — the minimum it must pay out in qualifying distributions.

How Hollywood Employee Educational Fund gives

  • Giving fell 64% from 2022 to 2025. Method
  • In 2025 it paid out 156% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of all 2 itemized 2025 grant dollars.

Cities

LakewoodLincroftLittle SilverToms RiverWest Long BranchGlensideOceanSan FranciscoWest Chester

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K3 grants20203 grants20211 grants20222 grants20233 grants20242 grants2025

From 2020 to 2025, annual grant giving ranged from $7K (2021) to $31K (2022). In 2025 it made 2 grants totaling $11K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Georgian Court University: $10KGeorgian Court University$10KMonmouth University: $2KMonmouth University$2K

The largest 2025 recipient was Georgian Court University ($10K). Together the top 2 received $11K.

Grant Size Distribution

11 grants across all recorded years

11<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 11 grants of 11 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Georgian Court University Lakewood, NJScholarship$9,525
Monmouth University West Long Branch, NJScholarship$1,744

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10K$20K$30K$40K202020212022202320242025
Metric202520242023
Total Assets$139,730$154,513$162,496
Revenue$4,635$2,731—
Expenses$19,418$10,714$20,915
Qualifying Distributions$11,269$10,518$19,628
Net Investment Income—$2,535—
Distributable Amount$7,246$7,771$8,518

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS April 29, 2026)
  2. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Hollywood Employee Educational Fund is led by Steven Schultz, President on every filing since 2021; none of the 17 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Steven Schultz

    President

    On filings since 2021

    No compensation reported

  • Jack Angelo

    Trustee

    On filings since 2020

    No compensation reported

  • James Aaron

    Trustee

    On filings since 2020

    No compensation reported

  • Jeffrey Gould

    Trustee

    On filings since 2020

    No compensation reported

  • Jen Whyman

    Trustee

    On filings since 2020

    No compensation reported

  • Jerold Zaro

    Trustee

    On filings since 2020

    No compensation reported

  • Jesse Angelo

    Trustee

    On filings since 2020

    No compensation reported

  • Judy Angelo

    Trustee

    On filings since 2020

    No compensation reported

  • Judy Berg

    Trustee

    On filings since 2020

    No compensation reported

  • Kate Angelo

    Trustee

    On filings since 2020

    No compensation reported

  • Stephan Lowy

    Trustee

    On filings since 2020

    No compensation reported

  • Vicki Portman

    Trustee

    On filings since 2020

    No compensation reported

  • Wendy Winik

    Trustee

    On filings since 2020

    No compensation reported

  • David Zimmel

    Trustee

    On filings since 2024

    No compensation reported

  • Rob Wolf

    Trustee

    On filings since 2024

    No compensation reported

  • Paul Drobbin

    Past President

    President → Past President, 2021

    On filings since 2020

    No compensation reported

  • Salil Bokil

    General Mana

    General Manager → General Mana, 2024

    On filings since 2021

    No compensation reported

Former officers (3)
  • Former: Tom Jacobson (2020–2024) — Trustee
  • Former: Cindy Van Brunt (2020–2023) — Trustee
  • Former: Neil Robinson (2020–2023) — Trustee

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Hollywood Employee Educational Fund

How much does Hollywood Employee Educational Fund give each year?

Hollywood Employee Educational Fund gave $11K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11K across 3 grants.

How large is Hollywood Employee Educational Fund?

Hollywood Employee Educational Fund reported $140K in total assets on its 2025 IRS Form 990-PF. It paid out $11K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets).

What is Hollywood Employee Educational Fund?

Hollywood Employee Educational Fund is a private foundation focused on Education, based in Palm Beach, FL. It holds $140K in total assets as of 2025.

Where does Hollywood Employee Educational Fund operate?

Hollywood Employee Educational Fund has awarded grants in California, New Jersey, Pennsylvania.

What is Hollywood Employee Educational Fund's EIN?

Hollywood Employee Educational Fund's EIN (Employer Identification Number) is 20-2024720. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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