Life Savings Benevolent Association

Foundation · Grantmaker New York, NY EIN: 13-6104148
N/A

Life Savings Benevolent Association is a private foundation focused on N/A, based in New York, NY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $815K in total assets. In 2025, it awarded 5 grants totaling $12K. Net investment income was $12K.

Key facts about Life Savings Benevolent Association

In short: Life Savings Benevolent Association gave $12K across 5 grants in 2025 (avg $2K), mostly in New York. Source: 2025 IRS Form 990-PF.

EIN
13-6104148
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$11,500
Grants made (2025)
5
Average grant
$2,300
Median grant
$1,000
Total assets
$815,333
Primary geography
New York (74% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$815K

+7.7% YoY

Annual Giving

$12K

+21.1% YoY

Grant Count

5

+66.7% YoY

Avg Grant Size

$2K

-27.4% YoY

Under IRS private-foundation payout rules, Life Savings Benevolent Association reported a distributable amount of $37K for 2025 — the minimum it must pay out in qualifying distributions.

How Life Savings Benevolent Association gives

  • Giving held roughly steady from 2022 to 2025 (+4%). Method
  • In 2025 it paid out 109% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of all 5 itemized 2025 grant dollars.

Cities

New YorkPatchogueAlbanyBrickEast IslipEgg Harbor TownshipElizabethFreeportOcean CityPhiladelphiaSeaside HeightsToms River

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K6 grants20193 grants20205 grants20213 grants20222 grants20233 grants20245 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2025

United States Power Squadrons - District 3: $5KUnited States Power Squadrons- District 3$5KSeamen's Church Institute of NY and NJ: $4KSeamen's Church Institute ofNY and NJ$4KRyan Mack: $1KRyan Mack$1KCooper Lysinger: $1KCooper Lysinger$1KClayton James Off: $1KClayton James Off$1K

Grant Size Distribution

18 grants across all recorded years

18<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
UNITED STATES POWER SQUADRONS - DISTRICT 3 Patchogue, NYTO SUPPORT THEIR EDUCATIONAL PROGRAMS$5,000
SEAMEN'S CHURCH INSTITUTE OF NY AND NJ New York, NYTO SUPPORT MARITIME EDUCATION$3,500
RYAN MACK Brick, NJREWARD OF HEROISM$1,000
COOPER LYSINGER Ocean City, NJREWARD OF HEROISM$1,000
CLAYTON JAMES OFF Egg Harbor Township, NJREWARD OF HEROISM$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$25K$50K$75K$100K2019202020212022202320242025
Metric202520242023
Total Assets$815,333$756,706$679,438
Revenue$14,721$42,083$12,393
Expenses$43,866$40,021$38,630
Qualifying Distributions$40,545$40,021$36,130
Net Investment Income$12,221$39,583$9,893
Distributable Amount$37,211$34,792$30,617

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS April 24, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS April 12, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS August 23, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS March 13, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 28, 2025)
  7. Updated Form 990-PF for fiscal year 2025 (received by the IRS March 31, 2026)
  8. IRS filings on file for fiscal years 2019–2025

Leadership & Key People

Officers and directors from IRS filings

Life Savings Benevolent Association is led by Mark Nestlehutt, President on every filing since 2021; none of the 20 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Mark Nestlehutt

    President

    On filings since 2021

    1 hr/week

    No compensation reported

  • Capt James McNamara

    Board Member

    On filings since 2019

    1 hr/week

    No compensation reported

  • Daniel Olmsted

    Board Member

    On filings since 2019

    1 hr/week

    No compensation reported

  • Deborah Blanchard

    Board Member

    Secretary → Board Member, 2023

    On filings since 2019

    1 hr/week

    No compensation reported

  • Douglas B. Stevenson Esq.

    Board Member

    President → Board Member, 2021

    On filings since 2019

    1 hr/week

    No compensation reported

  • Joseph Brooks

    Board Member

    On filings since 2019

    1 hr/week

    No compensation reported

  • Julie Vroon

    Vice President

    On filings since 2019

    1 hr/week

    No compensation reported

  • Kathryn Blythe Daley Esq.

    Board Member

    On filings since 2019

    1 hr/week

    No compensation reported

  • Leslie O'Neal

    Treasurer

    On filings since 2019

    1 hr/week

    No compensation reported

  • Michele Nieroda Schumacher JD

    Board Member

    On filings since 2019

    1 hr/week

    No compensation reported

  • Niels W. Johnsen

    Board Member

    On filings since 2019

    1 hr/week

    No compensation reported

  • Richard Desimone

    Board Member

    On filings since 2019

    1 hr/week

    No compensation reported

  • Capt Zeita Merchant

    Board Member

    On filings since 2021

    1 hr/week

    No compensation reported

  • Naomi Walker

    Secretary

    Board Member → Secretary, 2023

    On filings since 2021

    1 hr/week

    No compensation reported

  • Philip Schifflin Esq.

    Board Member

    On filings since 2021

    1 hr/week

    No compensation reported

  • Capt Jonathan Andrechik

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Capt Jonathan Boulware

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Capt Timothy Ferrie

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • H. Merritt Lane III

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • John A. Miklus

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (3)
  • Former: Klaus Dorfi (2019–2023) — Board Member
  • Former: Charles Ruoff (2019–2020) — Board Member
  • Former: The Rev David M. Rider (2019–2020) — Board Member

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Life Savings Benevolent Association

How much does Life Savings Benevolent Association give each year?

Life Savings Benevolent Association gave $12K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $10K across 3 grants.

What is Life Savings Benevolent Association's typical grant size?

Life Savings Benevolent Association's median grant in 2025 was $1,000, and its average grant was $2,300, across 5 grants on its 2025 IRS Form 990-PF.

Where does Life Savings Benevolent Association give grants?

Life Savings Benevolent Association gives mostly in New York: 74% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (26%).

Does Life Savings Benevolent Association give general operating support?

Not in 2025: none of the 5 grants with a stated purpose on Life Savings Benevolent Association's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Reward of Heroism" (3 grants).

Who are Life Savings Benevolent Association's largest grantees?

Life Savings Benevolent Association's largest 2025 grantees include United States Power Squadrons - District 3 ($5,000), Seamen's Church Institute of NY and NJ ($3,500) and Ryan Mack ($1,000), according to its 2025 IRS Form 990-PF. Together they received 83% of its itemized 2025 grant dollars.

How large is Life Savings Benevolent Association?

Life Savings Benevolent Association reported $815K in total assets on its 2025 IRS Form 990-PF. It paid out $41K in qualifying distributions that year, against a required minimum of $37K (roughly 5% of its investment assets).

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 $815K in total assets as of 2025.

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 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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