Madeline & Arnold Schuster Foundation Inc
Madeline & Arnold Schuster Foundation Inc is a private foundation, based in Palm Beach, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $875K in total assets. In 2025, it awarded 5 grants totaling $57K. Net investment income was $56K.
Madeline & Arnold Schuster Foundation Inc at a glance
In short: Madeline & Arnold Schuster Foundation Inc gave $57K across 5 grants in 2025 (avg $11K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $56,500
- -15.8% vs 2024
- Grants made (2025)
- 5
- -16.7% vs 2024
- Average grant
- $11,300
- +1.0% vs 2024
- Median grant
- $6,000
- Total assets
- $874,751
- -0.0% vs 2024
- Primary geography
- Florida (95% 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 Madeline & Arnold Schuster Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Jewish Federation of Palm Beach County ($25K). Together the top 5 received $57K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 28 grants of 29 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Madeline & Arnold Schuster Foundation Inc gives
- Giving grew 93% from 2022 to 2025. Method
- In 2025 it paid out 135% 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 2021 to 2025, annual grant giving ranged from $23K (2021) to $67K (2024). In 2025 it made 5 grants totaling $57K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Jewish Federation of Palm Beach County West Palm Beach, FL | General | $25,000 |
| Palm Beach Dramaworks West Palm Beach, FL | General | $17,500 |
| Palm Beach Opera Inc West Palm Beach, FL | General | $6,000 |
| Raymonf F Kravis Center for the Preforming Arts West Palm Beach, FL | General | $5,000 |
| Tanglewood Lenox, MA | General | $3,000 |
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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 | $874,751 | $63,013 | $63,764 | $56,500 | 5 | $63,764 | $55,749 | $47,243 |
| 2024 | $875,132 | $33,550 | $74,655 | $67,100 | 6 | $75,255 | $26,344 | $50,394 |
| 2023 | $896,805 | $31,969 | $57,195 | $43,500 | 5 | $43,500 | $31,393 | $48,603 |
| 2022 | $955,732 | $46,715 | $42,904 | $29,250 | 6 | $34,598 | $41,589 | $49,985 |
| 2021 | $1,024,260 | $55,197 | $36,903 | $23,000 | 7 | $29,469 | $49,629 | $52,801 |
| 2020 | $1,007,066 | $1,000,863 | — | — | — | — | $162,362 | — |
Under IRS private-foundation payout rules, Madeline & Arnold Schuster Foundation Inc reported a distributable amount of $47K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Madeline & Arnold Schuster Foundation Inc is led by Madeline Schuster, President & Treasurer on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Madeline Schuster
President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Ralph E. Lerner
Director
On filings since 2020
1 hr/week
No compensation reported
Arnold Schuster
Vice President
Vice President & Secretary → Vice President, 2023
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Madeline & Arnold Schuster Foundation Inc
How much does Madeline & Arnold Schuster Foundation Inc give each year?
Madeline & Arnold Schuster Foundation Inc gave $57K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $67K across 6 grants.
What is Madeline & Arnold Schuster Foundation Inc's typical grant size?
Madeline & Arnold Schuster Foundation Inc's median grant in 2025 was $6,000, and its average grant was $11,300, across 5 grants on its 2025 IRS Form 990-PF.
Where does Madeline & Arnold Schuster Foundation Inc give grants?
Madeline & Arnold Schuster Foundation Inc gives mostly in Florida: 95% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Massachusetts (5%). The most frequent recipient cities were West Palm Beach, FL (4 grants).
Does Madeline & Arnold Schuster Foundation Inc give general operating support?
Yes: 100% of Madeline & Arnold Schuster Foundation Inc's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Madeline & Arnold Schuster Foundation Inc's largest grantees?
Madeline & Arnold Schuster Foundation Inc's largest 2025 grantees include Jewish Federation of Palm Beach County ($25,000), Palm Beach Dramaworks ($17,500) and Palm Beach Opera Inc ($6,000), according to its 2025 IRS Form 990-PF. Together they received 86% of its itemized 2025 grant dollars.
How large is Madeline & Arnold Schuster Foundation Inc?
Madeline & Arnold Schuster Foundation Inc reported $875K in total assets on its 2025 IRS Form 990-PF. It paid out $64K in qualifying distributions that year, against a required minimum of $47K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 30, 2023)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 30, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 27, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 3, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
Live grants for the work Madeline & Arnold Schuster Foundation Inc funds
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