Life Savings Benevolent Association
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.
Life Savings Benevolent Association at a glance
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.
- Annual giving (2025)
- $11,500
- +21.1% vs 2024
- Grants made (2025)
- 5
- +66.7% vs 2024
- Average grant
- $2,300
- -27.4% vs 2024
- Median grant
- $1,000
- Total assets
- $815,333
- +7.7% vs 2024
- Primary geography
- New York (74% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Life Savings Benevolent Association funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was United States Power Squadrons - District 3 ($5K). Together the top 5 received $12K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $9K (2023) to $14K (2021). In 2025 it made 5 grants totaling $12K.
Grants by year
Grant recipients and amounts by year
| 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 |
| Ryan Mack Brick, NJ | Reward of Heroism | $1,000 |
| Cooper Lysinger Ocean City, NJ | Reward of Heroism | $1,000 |
| Clayton James Off Egg Harbor Township, NJ | Reward of Heroism | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $815,333 | $14,721 | $43,866 | $11,500 | 5 | $40,545 | $12,221 | $37,211 |
| 2024 | $756,706 | $42,083 | $40,021 | $9,500 | 3 | $40,021 | $39,583 | $34,792 |
| 2023 | $679,438 | $12,393 | $38,630 | $8,500 | 2 | $36,130 | $9,893 | $30,617 |
| 2022 | $602,828 | $10,920 | $41,344 | $11,100 | 3 | $38,844 | $8,420 | $31,948 |
| 2021 | $765,348 | $41,033 | $46,751 | $13,500 | 5 | $42,473 | $38,533 | $35,589 |
| 2020 | $705,817 | $82,038 | $42,466 | $13,500 | 3 | — | $79,538 | $30,167 |
| 2019 | $657,467 | $33,504 | $31,665 | $13,000 | 6 | — | $32,004 | $29,452 |
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.
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.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 24, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 23, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 28, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 31, 2026)
- IRS filings on file for fiscal years 2019–2025
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