Morton & Carole Olshan Foundation
Morton & Carole Olshan Foundation is a private foundation focused on Education, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $556 in total assets. In 2024, it awarded 3 grants totaling $150K. Net investment income was $76.
Morton & Carole Olshan Foundation at a glance
In short: Morton & Carole Olshan Foundation gave $150K across 3 grants in 2024 (avg $50K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $150,000
- -34.8% vs 2023
- Grants made (2024)
- 3
- -40.0% vs 2023
- Average grant
- $50,000
- +8.7% vs 2023
- Median grant
- $50,000
- Total assets
- $556
- +15.8% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Morton & Carole Olshan Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was American Friends of Beit Ruth ($50K). Together the top 3 received $150K.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was in the $50–100K range: 18 grants of 35 (51%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Morton & Carole Olshan Foundation gives
- Giving fell 79% from 2021 to 2024. Method
- In 2024 it paid out well above 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 2020 to 2024, annual grant giving ranged from $150K (2024) to $2.9M (2020). In 2024 it made 3 grants totaling $150K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Friends of Beit Ruth Jericho, NY | General Support | $50,000 |
| The New York Yankees Foundation New York, NY | General Support | $50,000 |
| Brooklyn Institute of Arts Brooklyn, NY | General Support | $50,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $556 | $150,076 | $150,000 | $150,000 | 3 | $150,000 | $76 | $23 |
| 2023 | $480 | $230,000 | $230,000 | $230,000 | 5 | $230,000 | — | $24 |
| 2022 | $480 | $1,572,500 | $1,572,050 | $1,572,000 | 8 | $1,572,050 | — | $219 |
| 2021 | $30 | $681,000 | $711,025 | $711,000 | 9 | $711,025 | — | $269 |
| 2020 | $30,055 | $2,970,000 | $2,940,000 | $2,940,000 | 10 | — | — | $988 |
Under IRS private-foundation payout rules, Morton & Carole Olshan Foundation reported a distributable amount of $23 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Morton & Carole Olshan Foundation is led by Morton Olshan, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Morton Olshan
President
On filings since 2020
1 hr/week
No compensation reported
Andrea Olshan
Vice President & Secretary
On filings since 2020
1 hr/week
No compensation reported
Carole Olshan
Vice President
On filings since 2020
1 hr/week
No compensation reported
Michael Olshan
Vice President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Morton & Carole Olshan Foundation
How much does Morton & Carole Olshan Foundation give each year?
Morton & Carole Olshan Foundation gave $150K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $230K across 5 grants.
What is Morton & Carole Olshan Foundation's typical grant size?
Morton & Carole Olshan Foundation's median grant in 2024 was $50,000, and its average grant was $50,000, across 3 grants on its 2024 IRS Form 990-PF.
Where does Morton & Carole Olshan Foundation give grants?
Morton & Carole Olshan Foundation gives mostly in New York: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Morton & Carole Olshan Foundation give general operating support?
Yes: 100% of Morton & Carole Olshan Foundation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Morton & Carole Olshan Foundation?
Morton & Carole Olshan Foundation reported $556 in total assets on its 2024 IRS Form 990-PF. It paid out $150K in qualifying distributions that year, against a required minimum of $23 (roughly 5% of its investment assets).
What is Morton & Carole Olshan Foundation?
Morton & Carole Olshan Foundation is a private foundation focused on Education, based in New York, NY. It holds $556 in total assets as of 2024.
What is Morton & Carole Olshan Foundation's EIN?
Morton & Carole Olshan Foundation's EIN (Employer Identification Number) is 13-3601794. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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