Madeline & Arnold Schuster Foundation Inc

PALM BEACH, FL EIN: 85-4125921

Madeline & Arnold Schuster Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $875K in total assets. In 2024, it awarded 6 grants totaling $67K. Net investment income was $26K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$875K

-2.4% YoY

Annual Giving

$67K

+54.3% YoY

Grant Count

6

+20.0% YoY

Avg Grant Size

$11K

+28.5% YoY

About Madeline & Arnold Schuster Foundation Inc

Based on IRS filings

Madeline & Arnold Schuster Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $875K in total assets. In 2024, it awarded 6 grants totaling $67K. Net investment income was $26K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

Boca RatonBostonLenoxMiami BeachPittsfieldWest Palm Beach

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$275K$550K$826K$1M20202021202220232024
Metric202420232022
Total Assets$875,132$896,805$955,732
Revenue$33,550$31,969$46,715
Expenses$74,655$57,195$42,904
Qualifying Distributions$75,255$43,500$34,598
Net Investment Income$26,344$31,393$41,589
Distributable Amount$50,394$48,603$49,985

Giving Over Time

Total grant dollars and number of grants per year

$0$17K$34K$50K$67K0 grants20200 grants20216 grants20225 grants20236 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

JEWISH FEDERATION OF PAL…$50KPALM BEACH DRAMAWORKS$10KTANGLEWOOD$3KRAYMONF F KRAVIS CENTER …$3KMIAMI CITY BALLET$2KBERKSHIRE THEATRE GROUP$100

Grant Size Distribution

17 grants across all recorded years

16<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
MADELINE SCHUSTERPRES & TREASURER1
ARNOLD SCHUSTERVICE PRES1
RALPH E LERNERDIRECTOR1

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

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

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