Kenneth and Claudia Silverman Family
The Kenneth and Claudia Silverman Family Foundation is a private family foundation established in 1999 and based in Basking Ridge, New Jersey. The foundation operates as a trust structure and focuses on philanthropic grantmaking across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.4M
-6.1% YoY
Annual Giving
$1.5M
-32.7% YoY
Grant Count
14
-22.2% YoY
Avg Grant Size
$109K
-13.5% YoY
Under IRS private-foundation payout rules, Kenneth and Claudia Silverman Family reported a distributable amount of $615K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grantmaking priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation accepts applications.
Grant Range
$10,000
Average Grant
amount: $71,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- New Jersey
- New York
- Florida
Approximately 97% of grants support organizations in New York, New Jersey, and Massachusetts, with grantmaking reaching across four states.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total assets: $13,196,614
- Total revenues: $5,732,856
- Total expenses: $2,288,113
- Annual income: $2.3 million
- Giving rate: 17.2% of assets
Assets & Revenue (2022):
- Total assets: $11.4 million
The foundation is governed by three officers and trustees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,392,446 | $13,196,614 | $11,428,309 |
| Revenue | $769,682 | $5,732,856 | $1,200,450 |
| Expenses | $1,573,850 | $2,288,113 | $509,094 |
| Qualifying Distributions | $1,525,300 | $2,267,189 | $437,992 |
| Net Investment Income | $666,555 | $2,191,075 | $980,322 |
| Distributable Amount | $615,369 | $489,139 | $522,907 |
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
85 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Icahn School of Medicine ($1,050,000), Mount Sinai Department of Surgery ($250,000), Mt Sinai School of Medicine ($64,600).
| Recipient | Purpose | Amount |
|---|---|---|
| CHABAD HOUSE - LUBAVITCH INC NEW BRUNSWICK, NJ | GENERAL CHARITABLE | $50,000 |
| CNY MEMORIAL STAIR CLIMB WHITESBORO, NY | GENERAL CHARITABLE | $6,000 |
| COMMUNITY FOOD BANK HILLSIDE, NJ | GENERAL CHARITABLE | $10,000 |
| FRIENDSHIP CIRCLE LIVINGSTON, NJ | GENERAL CHARITABLE | $5,400 |
| ICAHN SCHOOL OF MEDICINE NEW YORK, NY | GENERAL CHARITABLE | $1,050,000 |
| MEMORIAL SLOAN KETTERING NEW YORK, NY | GENERAL CHARITABLE | $1,000 |
| MOUNT SINAI DEPARTMENT OF SURGERY NEW YORK, NY | GENERAL CHARITABLE | $250,000 |
| MT SINAI SCHOOL OF MEDICINE NEW YORK, NY | GENERAL CHARITABLE | $64,600 |
| NYU FACES NEW YORK, NY | GENERAL CHARITABLE | $30,000 |
| RILEYS DANCE NEW PROVIDENCE, NJ | GENERAL CHARITABLE | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Kenneth Silverman serves as trustee of the foundation. Silver Line Building Products Corporation is listed as the principal officer.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENNETH SILVERMAN | TRUSTEE/SETTLOR | — | — |
| CLAUDIA SILVERMAN | TRUSTEE/SETTLOR | — | — |
| BRITANY NELSON | TRUSTEE(FULL YEAR)/MANAGER | 30 | — |
Contact Information
- Address: 195 Morristown Road, Basking Ridge, NJ 07920-1650
- Phone: 973-765-0100
- EIN: 22-6831069
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Kenneth and Claudia Silverman Family fund?
The foundation's grantmaking priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from Kenneth and Claudia Silverman Family?
**Grant Activity:** • Total giving in 2023: $2,267,189 • Total giving in 2022: $438,000 • Number of grants (2023): 18 • Median grant size: $10,000 • Grant range: $1,000 to $2,050,000 • Average grant amount: $71,000 **Recent Grant Recipients (2023):** • Icahn School of Medicine at Mount Sinai: $2,050,000 • Chabad House - Lubavitch: $50,000 • Gill St Bernard's School: $29,089 • Morristown Medical Center (among recipients) **Application Policy:** The foundation accepts applications.
Where does Kenneth and Claudia Silverman Family make grants?
The foundation primarily funds organizations in: • New Jersey • New York • Florida Approximately 97% of grants support organizations in New York, New Jersey, and Massachusetts, with grantmaking reaching across four states.
What size grants does Kenneth and Claudia Silverman Family award?
In 2024, Kenneth and Claudia Silverman Family awarded 14 grants totaling $1.5M — an average of about $109K per grant, based on its IRS Form 990 filings.
How much is Kenneth and Claudia Silverman Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kenneth and Claudia Silverman Family reported a distributable amount of $615K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kenneth and Claudia Silverman Family's EIN?
Kenneth and Claudia Silverman Family's EIN (Employer Identification Number) is 22-6831069. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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