Morris and Alma Schapiro Fund
The Morris and Alma Schapiro Fund is a private foundation established in 1955 in New York. It operates as a 501(c)(3) organization and independent foundation, classified as a private grantmaking foundation. The foundation was established by Morris Schapiro, a banker and financier who served as head of investment banking firm M. A. Schapiro & Company, and his wife Alma, a painter.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$102.4M
+4.3% YoY
Annual Giving
$7.9M
+3.3% YoY
Grant Count
80
+2.6% YoY
Avg Grant Size
$99K
+0.7% YoY
Under IRS private-foundation payout rules, Morris and Alma Schapiro Fund reported a distributable amount of $7.8M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds grantmaking related to:
- Performing Arts
- Education
- Health organizations
The foundation does not maintain a public website, which limits transparency regarding its specific grantmaking priorities and strategies.
Grantmaking
Grant Range
s:** $5,000 to $1,000,000
Average Grant
$93,800
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on:
- New York
- California
- Massachusetts
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $98.1 million to $102.4 million
- Total Giving: $7.5 million to $7.9 million
- Total Revenues: $6 million
- Total Expenses: $10.4 million
- Investment Income and Dividends: $1.1 million
- Total Liabilities: $0
Revenue Sources:
- Investment income and dividends
- Net gains from sale of non-inventory assets
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $102,378,588 | $98,128,924 | $106,864,245 |
| Revenue | $9,944,959 | $6,003,155 | $5,205,015 |
| Expenses | $9,963,128 | $10,376,851 | $9,526,902 |
| Qualifying Distributions | $8,173,951 | $7,921,148 | $7,777,143 |
| Net Investment Income | $8,047,753 | $3,312,240 | $3,195,910 |
| Distributable Amount | $7,762,992 | $7,432,285 | $7,432,414 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Brown University ($700,000), Memorial Sloan Kettering Cancer Center ($550,000), Brooklyn Conservatory of Music ($500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARS CHORALES RIDGEWOOD, NJ | GENERAL PURPOSE | $10,000 |
| ARS NOVA THEATER INC NEW YORK, NY | GENERAL PURPOSE | $25,000 |
| ASSOCIATION TO BENEFIT CHILDREN NEW YORK, NY | GENERAL PURPOSE | $40,000 |
| BERKSHIRE HILLS MUSIC ACADEMY SOUTH HADLEY, MA | GENERAL PURPOSE | $50,000 |
| BLOOMINGDALE SCHOOL OF MUSIC NEW YORK, NY | GENERAL PURPOSE | $130,000 |
| BROOKLYN ACADEMY OF MUSIC INC BROOKLYN, NY | GENERAL PURPOSE | $60,000 |
| BROOKLYN BOTANIC GARDEN BROOKLYN, NY | GENERAL PURPOSE | $150,000 |
| BROOKLYN BRIDGE PARK CONSERVANCY BROOKLYN, NY | GENERAL PURPOSE | $20,000 |
| BROOKLYN CONSERVATORY OF MUSIC BROOKLYN, NY | GENERAL PURPOSE | $500,000 |
| BROOKLYN PUBLIC LIBRARY BROOKLYN, NY | GENERAL PURPOSE | $255,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Daniel Schapiro — Vice President; son of Morris and Alma Schapiro; physician and neurology clinical instructor at Icahn School of Medicine
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RUFUS COLLINS | TRUSTEE | 2 | — |
| STEPHEN J PALUSZEK | TRUSTEE | 2 | — |
| BARNABY SCHAPIRO | TRUSTEE | 2 | — |
| JACOB COLLINS | TRUSTEE | 2 | — |
| JON SCHAPIRO | TRUSTEE | 2 | — |
| MARION SCHAPIRO | TRUSTEE | 2 | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported the New York Landmarks Conservancy with grants for conservancy projects. The foundation also maintains the Alma B.C. Schapiro Residency for a Woman Painter at Yaddo, an artists community located on a 400-acre estate in Saratoga Springs, New York.
Schapiro Fund Grant Will Support Conservancy Projects | New York LandmarksFrequently Asked Questions
What does Morris and Alma Schapiro Fund fund?
The foundation primarily funds grantmaking related to: • **Performing Arts** • **Education** • **Health organizations** The foundation does not maintain a public website, which limits transparency regarding its specific grantmaking priorities and strategies.
How do I apply for a grant from Morris and Alma Schapiro Fund?
**Grant Ranges:** $5,000 to $1,000,000 **Recent Grant Activity:** • In fiscal year 2023, the foundation made 80 grants totaling approximately $7.5 million in giving • Recent major grants include: • Brown University: $750,000 (General Purpose) • Kaufman Music Center: $625,000 (General Purpose) • Brooklyn Conservatory of Music: $500,000 (General Purpose) • Corporation of Yaddo: Seven-figure gift **Grant Characteristics:** • Median grant size: $50,000 • Average grant size: $93,800 • The foundation…
Where does Morris and Alma Schapiro Fund make grants?
The foundation's grantmaking focuses primarily on: • New York • California • Massachusetts
What size grants does Morris and Alma Schapiro Fund award?
In 2024, Morris and Alma Schapiro Fund awarded 80 grants totaling $7.9M — an average of about $99K per grant, based on its IRS Form 990 filings.
How much is Morris and Alma Schapiro Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Morris and Alma Schapiro Fund reported a distributable amount of $7.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Morris and Alma Schapiro Fund's EIN?
Morris and Alma Schapiro Fund's EIN (Employer Identification Number) is 13-6089254. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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