Lisa and Michael Schultz Foundation Inc

Foundation · Grantmaker Albany, NY EIN: 13-4092871

Lisa and Michael Schultz Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Albany, NY. IRS filing data is available from 2020 through 2021. In 2021, it awarded 1 grant totaling $4K.

Key facts about Lisa and Michael Schultz Foundation Inc

In short: Lisa and Michael Schultz Foundation Inc gave $4K across 1 grant in 2021 (avg $4K), mostly in New York. Source: 2021 IRS Form 990-PF.

EIN: 13-4092871
Latest 990 filing: Form 990-PF, 2021
Annual giving (2021): $3,500
Grants made (2021): 1
Average grant: $3,500
Median grant: $3,500
Primary geography: New York (100% of itemized 2021 grant dollars)

Data from IRS Form 990-PF, 2021; updated September 2026.

Quick answers about Lisa and Michael Schultz Foundation Inc

How much does Lisa and Michael Schultz Foundation Inc give each year?

Lisa and Michael Schultz Foundation Inc gave $4K across 1 grant in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $46K across 1 grant.

How Lisa and Michael Schultz Foundation Inc gives

In 2021 it paid out well above its IRS minimum distribution (the 5% rule). Method

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

Next steps with Lisa and Michael Schultz Foundation Inc

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Financial Overview

From 2021 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$4K

-92.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$4K

-92.3% YoY

Under IRS private-foundation payout rules, Lisa and Michael Schultz Foundation Inc reported a distributable amount of $12 for 2021 — the minimum it must pay out in qualifying distributions.

About Lisa and Michael Schultz Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $4K (100%)

Share of all 1 itemized 2021 grant dollars.

States

New York

Cities

Albany

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2021	2020
Total Assets	—	$3,669
Revenue	—	$50,811
Expenses	$3,669	$47,615
Qualifying Distributions	$3,669	—
Net Investment Income	—	$10,405
Distributable Amount	$12	$539

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2021

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 2021

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Recipient	Purpose	Amount
SEE ATTACHED LIST Albany, NY	GENERAL CHARITABLE PURPOSES	$3,500

Leadership & Key People

Officers and directors from IRS filings

Lisa and Michael Schultz Foundation Inc is led by Lisa Schultz, President on every filing since 2020; none of the 3 officers listed in 2021 report compensation.

Officers on the 2021 filing

Lisa Schultz

President

On filings since 2020

1 hr/week

No compensation reported
Lawrence S. Blumberg

Vice President

On filings since 2020

1 hr/week

No compensation reported
Michael Schultz

Secretary

On filings since 2020

1 hr/week

No compensation reported

Data from IRS Form 990 filings, 2020–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Lisa and Michael Schultz Foundation Inc?

Lisa and Michael Schultz Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Albany, NY. It holds — in total assets as of 2021.

Where does Lisa and Michael Schultz Foundation Inc operate?

Lisa and Michael Schultz Foundation Inc has awarded grants in New York.

How much is Lisa and Michael Schultz Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2021, Lisa and Michael Schultz Foundation Inc reported a distributable amount of $12 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Lisa and Michael Schultz Foundation Inc's EIN?

Lisa and Michael Schultz Foundation Inc's EIN (Employer Identification Number) is 13-4092871. IRS Form 990 filing data is available on this page for 2020–2021.