Madeline & Arnold Schuster Foundation Inc
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
Under IRS private-foundation payout rules, Madeline & Arnold Schuster Foundation Inc reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jewish Federation of Palm Beach County ($50,000), Palm Beach Dramaworks ($10,000), Tanglewood ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| TANGLEWOOD LENOX, MA | GENERAL | $3,000 |
| RAYMONF F KRAVIS CENTER FOR THE PREFORMING ARTS WEST PALM BEACH, FL | GENERAL | $2,500 |
| PALM BEACH DRAMAWORKS WEST PALM BEACH, FL | GENERAL | $10,000 |
| JEWISH FEDERATION OF PALM BEACH COUNTY WEST PALM BEACH, FL | GENERAL | $50,000 |
| MIAMI CITY BALLET MIAMI BEACH, FL | GENERAL | $1,500 |
| BERKSHIRE THEATRE GROUP PITTSFIELD, MA | GENERAL | $100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MADELINE SCHUSTER | PRES & TREASURER | 1 | — |
| ARNOLD SCHUSTER | VICE PRES | 1 | — |
| RALPH E LERNER | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Madeline & Arnold Schuster Foundation Inc?
Madeline & Arnold Schuster Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH, FL. It holds $875K in total assets as of 2024.
How large is Madeline & Arnold Schuster Foundation Inc?
As of 2024, Madeline & Arnold Schuster Foundation Inc holds $875K in total assets with $34K in annual revenue. It awarded 6 grants totaling $67K in 2024.
Where does Madeline & Arnold Schuster Foundation Inc operate?
Madeline & Arnold Schuster Foundation Inc has awarded grants in Florida, Massachusetts.
What size grants does Madeline & Arnold Schuster Foundation Inc award?
In 2024, Madeline & Arnold Schuster Foundation Inc awarded 6 grants totaling $67K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Madeline & Arnold Schuster Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Madeline & Arnold Schuster Foundation Inc reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Madeline & Arnold Schuster Foundation Inc's EIN?
Madeline & Arnold Schuster Foundation Inc's EIN (Employer Identification Number) is 85-4125921. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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