Morton & Carole Olshan Foundation

Private foundation · Grantmaker New York, NY EIN: 13-3601794
EducationPhilanthropyNonprofitsReligionJudaism

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

American Friends of Beit Ruth: $50KAmerican Friends of Beit Ruth$50KThe New York Yankees Foundation: $50KThe New York YankeesFoundation$50KBrooklyn Institute of Arts: $50KBrooklyn Institute of Arts$50K

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

7<$50K18$50–100K3$100–250K3$250–500K3$500K–1M1$1–5M$5M+

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

4states

Share of 2024 grant dollars across all 3 itemized grants.

Cities

New YorkBronxJerichoCambridgeEast HamptonAirmontBrooklynDetroitVirginia Beach

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

$0$1M$2M$3M10 grants2020 9 grants2021 8 grants2022 5 grants2023 3 grants2024

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

RecipientPurposeAmount
American Friends of Beit Ruth Jericho, NYGeneral Support$50,000
The New York Yankees Foundation New York, NYGeneral Support$50,000
Brooklyn Institute of Arts Brooklyn, NYGeneral Support$50,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$556$150,076$150,000$150,0003$150,000$76$23
2023$480$230,000$230,000$230,0005$230,000—$24
2022$480$1,572,500$1,572,050$1,572,0008$1,572,050—$219
2021$30$681,000$711,025$711,0009$711,025—$269
2020$30,055$2,970,000$2,940,000$2,940,00010——$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

  1. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Morton & Carole Olshan Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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