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
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
No grants recorded for .
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 LandmarksRelated Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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