Isidor Schmeidler Fund

Foundation · Grantmaker Atlantic City, NJ EIN: 21-6014854

Isidor Schmeidler Fund is a private foundation focused on Education, based in Atlantic City, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 38 grants totaling $96K. Net investment income was $40K.

Key facts about Isidor Schmeidler Fund

EIN: 21-6014854
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $96,470
Grants made (2024): 38
Average grant: $2,539
Median grant: $2,545
Total assets: $1,984,528
Primary geography: New Jersey (100% of itemized 2024 grant dollars)

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

Who Isidor Schmeidler Fund funds

By grant dollars, the top recipient states for Isidor Schmeidler Fund's 38 itemized 2024 grants were New Jersey (100%). The most frequent recipient cities were Egg Harbor Township, NJ (16 grants), Northfield, NJ (6 grants), Galloway, NJ (4 grants) and Ventnor, NJ (4 grants). None of its 38 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship" (38 grants).

How Isidor Schmeidler Fund gives

Giving fell 31% from 2021 to 2024. Method
In 2024 it paid out 95% 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.

Next steps with Isidor Schmeidler Fund

How to evaluate Isidor Schmeidler Fund as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
Draft an LOI to Isidor Schmeidler Fund with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.0M

-2.8% YoY

Annual Giving

$96K

-14.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$3K

-14.6% YoY

Under IRS private-foundation payout rules, Isidor Schmeidler Fund reported a distributable amount of $109K for 2024 — the minimum it must pay out in qualifying distributions.

About Isidor Schmeidler Fund

Based on IRS filings

Focus Areas

Education

Your AI grants department

Ready to take the next step with Isidor Schmeidler Fund?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $96K (100%)

Share of all 38 itemized 2024 grant dollars.

States

New Jersey

Cities

Egg Harbor TownshipNorthfieldLinwoodGallowayVentnorAtlantic CitySomers PointPleasantvilleElizabethPlainsborroCamden

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,984,528	$2,041,791	$2,124,727
Revenue	$87,101	$71,085	$215,471
Expenses	$144,364	$154,021	$145,401
Qualifying Distributions	$103,220	$112,960	$110,335
Net Investment Income	$39,774	$35,325	$190,649
Distributable Amount	$108,652	$102,943	$103,240

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

162 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Alec Barnes ($2,545), Andrew Dang ($2,545), Angelina Nguyen ($2,545).

Recipient	Purpose	Amount
Alec Barnes Egg Harbor Township, NJ	Scholarship	$2,545
Andrew Dang Egg Harbor Township, NJ	Scholarship	$2,545
Angelina Nguyen Egg Harbor Township, NJ	Scholarship	$2,545
Daniel Murphy Galloway, NJ	Scholarship	$2,545
Danny Nguyen Atlantic City, NJ	Scholarship	$2,545
Devin Huynh Atlantic City, NJ	Scholarship	$2,545
Emily Hughes Northfield, NJ	Scholarship	$2,545
Emily Van Khuc Ventnor, NJ	Scholarship	$2,545
Emma Karver Northfield, NJ	Scholarship	$2,545
Emma Liang Egg Harbor Township, NJ	Scholarship	$2,545

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Steven Horn Esquire	Co-Trustee	1	$4,500
Rabbi Gordon Geller	Co-Trustee	0.25	$4,499
David A Fleming	Co-Trustee	0.25	$4,499

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Isidor Schmeidler Fund?

Isidor Schmeidler Fund is a private foundation focused on Education, based in Atlantic City, NJ. It holds $2.0M in total assets as of 2024.

How large is Isidor Schmeidler Fund?

As of 2024, Isidor Schmeidler Fund holds $2.0M in total assets with $87K in annual revenue. It awarded 38 grants totaling $96K in 2024.

Where does Isidor Schmeidler Fund operate?

Isidor Schmeidler Fund has awarded grants in New Jersey.

What size grants does Isidor Schmeidler Fund award?

In 2024, Isidor Schmeidler Fund awarded 38 grants totaling $96K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Isidor Schmeidler Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Isidor Schmeidler Fund reported a distributable amount of $109K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.