Lawrence Schulman Family Foundation Inc

MORRISTOWN, NJ EIN: 52-1786440

Lawrence Schulman Family Foundation Inc is a private foundation, based in MORRISTOWN, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $176K in total assets. In 2024, it awarded 1 grants totaling $8K. Net investment income was $344.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$176K

-5.7% YoY

Annual Giving

$8K

+0.0% YoY

Grant Count

-75.0% YoY

Avg Grant Size

$8K

+300.0% YoY

Under IRS private-foundation payout rules, Lawrence Schulman Family Foundation Inc reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.

About Lawrence Schulman Family Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $12K (24%)

Georgia $10K (20%)

North Carolina $8K (17%)

Massachusetts $8K (16%)

Virginia $7K (15%)

New Jersey $3K (5%)

Connecticut $2K (4%)

States

Connecticut Georgia Massachusetts North Carolina New Jersey Pennsylvania Virginia

Cities

AmericusArlingtonBostonFairfieldMorristownPittsburghRaleigh

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$175,869	$186,501	$192,014
Revenue	$3,005	$7,505	$12,626
Expenses	$13,637	$13,018	$16,940
Qualifying Distributions	$10,288	$9,987	$13,838
Net Investment Income	$344	$4,474	$9,524
Distributable Amount	$11,706	$10,070	$10,903

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

17 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include North Carolina Community Foundation ($8,000).

Recipient	Purpose	Amount
NORTH CAROLINA COMMUNITY FOUNDATION RALEIGH, NC	DISASTER RELIEF	$8,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ZACHARY SCHULMAN	TRUSTEE	0.25	—
ANDREA SCHULMAN	TRUSTEE	0.25	—
GENE R KORF	TRUSTEE	0.25	—

Frequently Asked Questions

How large is Lawrence Schulman Family Foundation Inc?

As of 2024, Lawrence Schulman Family Foundation Inc holds $176K in total assets with $3K in annual revenue. It awarded 1 grants totaling $8K in 2024.

Where does Lawrence Schulman Family Foundation Inc operate?

Lawrence Schulman Family Foundation Inc has awarded grants in Connecticut, Georgia, Massachusetts, North Carolina, New Jersey, Pennsylvania, Virginia.

What size grants does Lawrence Schulman Family Foundation Inc award?

In 2024, Lawrence Schulman Family Foundation Inc awarded 1 grants totaling $8K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is Lawrence Schulman Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lawrence Schulman Family Foundation Inc reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Lawrence Schulman Family Foundation Inc's EIN?

Lawrence Schulman Family Foundation Inc's EIN (Employer Identification Number) is 52-1786440. IRS Form 990 filing data is available on this page for 2020–2024.