Leopold Schepp Foundation
The Leopold Schepp Foundation is a private grantmaking foundation established in 1925 and headquartered at 950 Third Avenue, 31st Floor, New York, New York 10022. The foundation operates as a 501(c)(3) organization (EIN: 13-5562353) with tax-exempt status since September 2015. The foundation focuses exclusively on providing educational scholarships to deserving students pursuing undergraduate and graduate degrees.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$12.1M
+0.4% YoY
Annual Giving
$480K
+27.3% YoY
Grant Count
59
+22.9% YoY
Avg Grant Size
$8K
+3.6% YoY
Mission & Focus Areas
The foundation's mission is to assist young men and women of character and ability who have insufficient means to complete their vocational or professional education. The foundation awards educational scholarships to full-time undergraduate and graduate students who demonstrate:
- Fine character and academic excellence
- Financial need
- Compassion and commitment to volunteerism
- Goals that will benefit mankind
Specific program areas include:
- Undergraduate scholarships for individuals under 30 years of age enrolled in four-year bachelor degree programs
- Graduate scholarships for individuals under 40 years of age
- Fellowships for independent study and research in the arts and literature, medicine, and oceanography
Applicants must be U.S. citizens with a minimum GPA of 3.2 on a 4.0 scale and must be enrolled full-time in their respective programs.
Grantmaking
The foundation accepts applications from individuals seeking undergraduate and graduate education. Applicants must meet specific criteria including age limits, GPA requirements, full-time enrollment status, and U.S. citizenship.
Grant Range
$8,500-$9,000
Average Grant
$7,700
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation funds individuals throughout the United States.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Fiscal Year (2024):
- Total Assets: $12.1 million
- Total Revenue: $975,559
- Total Expenses: $1,256,566
- Total Liabilities: $732,000
Historical Context: The foundation ranks in the top 10% of foundations by asset size (Rank #12,321 of 159,550 foundations nationally).
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $12,095,735 | $12,052,941 | $11,546,264 |
| Revenue | $1,064,123 | $975,559 | $1,094,115 |
| Expenses | $1,399,614 | $1,256,566 | $1,290,244 |
| Qualifying Distributions | $1,254,955 | $1,083,968 | $1,158,876 |
| Net Investment Income | $418,609 | $314,725 | $420,750 |
| Distributable Amount | — | — | — |
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 2025
Grant Size Distribution
245 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board and Key Personnel:
| Name | Title | Hours/Week | Compensation |
|---|---|---|---|
| Barbara McLendon | President | 1.25 | $0 |
| Kathryn Cashman | Vice President | 1.25 | $0 |
| James G Turino | Chairman Finance Committee | 1.25 | $0 |
| Frank C Poli | Treasurer | 1 | $0 |
| Susan Brenner | Trustee | 1 | $0 |
| Emily Crawford | Trustee | 1 | $0 |
| Nancy Grossman | Trustee | 1 | $0 |
| Diana Herrmann | Trustee | 1 | $0 |
| Dean Lewallen | Trustee | 1 | $0 |
| Michele Paige | Trustee | 1 | $0 |
| Vickie Martynenko | Trustee | 1 | $0 |
| Bruno Quinson | Trustee | 1 | $0 |
| Robert Reder | Trustee | 1 | $0 |
| Banning Repplier | Trustee | 1 | $0 |
| Martin Tandler | Trustee | 1 | $0 |
The foundation also employs approximately 4 staff members, including an Advancement Director.
Compensation Overview
From 2025 IRS filing
No officer/director data available.
Contact Information
- Website: scheppfoundation.org
- Phone: (212) 692-0191
- Email: information@scheppfoundation.org
- Address: 950 Third Avenue, 31st Floor, New York, New York 10022
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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