Life Savings Benevolent Association is a private foundation focused on N/A, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $757K in total assets. In 2024, it awarded 3 grants totaling $10K. Net investment income was $40K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$757K
+11.4% YoY
Annual Giving
$10K
+11.8% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$3K
-25.5% YoY
Under IRS private-foundation payout rules, Life Savings Benevolent Association reported a distributable amount of $35K for 2024 — the minimum it must pay out in qualifying distributions.
About Life Savings Benevolent Association
Based on IRS filings
Life Savings Benevolent Association is a private foundation focused on N/A, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $757K in total assets. In 2024, it awarded 3 grants totaling $10K. Net investment income was $40K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $756,706 | $679,438 | $602,828 |
| Revenue | $42,083 | $12,393 | $10,920 |
| Expenses | $40,021 | $38,630 | $41,344 |
| Qualifying Distributions | $40,021 | $36,130 | $38,844 |
| Net Investment Income | $39,583 | $9,893 | $8,420 |
| Distributable Amount | $34,792 | $30,617 | $31,948 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include United States Power Squadrons - District 3 ($5,000), Seamen's Church Institute of Ny and Nj ($3,500), Volodymyr Zubko ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNITED STATES POWER SQUADRONS - DISTRICT 3 PATCHOGUE, NY | TO SUPPORT THEIR EDUCATIONAL PROGRAMS | $5,000 |
| SEAMEN'S CHURCH INSTITUTE OF NY AND NJ NEW YORK, NY | TO SUPPORT MARITIME EDUCATION | $3,500 |
| VOLODYMYR ZUBKO FREEPORT, NY | REWARD OF HEROISM | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| REV MARK NESTLEHUTT | PRESIDENT | 1 | — |
| MS JULIE VROON | VICE PRESIDENT | 1 | — |
| MS LESLIE O'NEAL | TREASURER | 1 | — |
| MS NAOMI WALKER | SECRETARY | 1 | — |
| MS DEBORAH BLANCHARD | BOARD MEMBER | 1 | — |
| MR JOSEPH BROOKS | BOARD MEMBER | 1 | — |
| MS KATHRYN BLYTHE DALEY ESQ | BOARD MEMBER | 1 | — |
| MR RICHARD DESIMONE | BOARD MEMBER | 1 | — |
| MR NIELS W JOHNSEN | BOARD MEMBER | 1 | — |
| CAPT JAMES MCNAMARA | BOARD MEMBER | 1 | — |
| CAPT ZEITA MERCHANT | BOARD MEMBER | 1 | — |
| MR DANIEL OLMSTED | BOARD MEMBER | 1 | — |
| MR PHILIP SCHIFFLIN ESQ | BOARD MEMBER | 1 | — |
| MS MICHELE NIERODA SCHUMACHER JD | BOARD MEMBER | 1 | — |
| MR DOUGLAS B STEVENSON ESQ | BOARD MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Life Savings Benevolent Association?
Life Savings Benevolent Association is a private foundation focused on N/A, based in NEW YORK, NY. It holds $757K in total assets as of 2024.
How large is Life Savings Benevolent Association?
As of 2024, Life Savings Benevolent Association holds $757K in total assets with $42K in annual revenue. It awarded 3 grants totaling $10K in 2024.
Where does Life Savings Benevolent Association operate?
Life Savings Benevolent Association has awarded grants in New Jersey, New York, Pennsylvania.
What size grants does Life Savings Benevolent Association award?
In 2024, Life Savings Benevolent Association awarded 3 grants totaling $10K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Life Savings Benevolent Association required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Life Savings Benevolent Association reported a distributable amount of $35K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Life Savings Benevolent Association's EIN?
Life Savings Benevolent Association's EIN (Employer Identification Number) is 13-6104148. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Life Savings Benevolent Association's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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