Robert S Schultz Foundation
Robert S Schultz Foundation is a private foundation, based in North Caldwell, NJ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $67K in total assets. In 2025, it awarded 7 grants totaling $52K. Net investment income was $15K.
Robert S Schultz Foundation at a glance
In short: Robert S Schultz Foundation gave $52K across 7 grants in 2025 (avg $7K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $52,400
- +1996.0% vs 2024
- Grants made (2025)
- 7
- +600.0% vs 2024
- Average grant
- $7,486
- +199.4% vs 2024
- Median grant
- $5,000
- Total assets
- $67,010
- -36.8% vs 2024
- Primary geography
- New Jersey (99% 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 Robert S Schultz Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Papermill Playhouse ($40K across 3 grants). Together the top 5 received $52K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 13 grants of 13 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How Robert S Schultz Foundation gives
- Giving grew 1397% from 2022 to 2025. Method
- In 2025 it paid out 738% 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 2020 to 2025, annual grant giving ranged from $500 (2020) to $52K (2025). In 2025 it made 7 grants totaling $52K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Papermill Playhouse Millburn, NJ | Support of General Operation of the Organizations | $25,000 |
| Papermill Playhouse Millburn, NJ | Support of General Operation of the Organizations | $10,000 |
| Make a Wish NJ Monroe, NJ | Support of General Operation of the Organizations | $5,000 |
| Papermill Playhouse Millburn, NJ | Support of General Operation of the Organizations | $5,000 |
| Cooperman Barnabas Medical Center Livingston, NJ | Support of General Operation of the Organizations | $5,000 |
| My Jewish Connection West Orange, NJ | Support of General Operation of the Organizations | $1,800 |
| Play for Pink New York, NY | Support of General Operation of the Organizations | $600 |
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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 | $67,010 | $14,792 | $53,745 | $52,400 | 7 | $52,400 | $14,792 | $7,104 |
| 2024 | $105,963 | $3,893 | $3,795 | $2,500 | 1 | $2,500 | $3,893 | $6,998 |
| 2023 | $105,920 | $63,925 | $49,550 | $49,550 | 3 | $49,550 | $3,925 | $8,664 |
| 2022 | $91,558 | $975 | $3,500 | $3,500 | 2 | $3,500 | $975 | $7,381 |
| 2021 | $94,083 | $517 | — | — | — | — | $517 | $7,217 |
| 2020 | $93,566 | $25,381 | $500 | $500 | 1 | — | $381 | $3,894 |
| 2019 | $68,685 | $44,504 | — | — | — | — | $147 | $1,374 |
Under IRS private-foundation payout rules, Robert S Schultz Foundation reported a distributable amount of $7K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Robert S Schultz Foundation is led by Dale Lazarovitch, Trustee on every filing since 2023 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Dale Lazarovitch
Trustee
On filings since 2023
1 hr/week
No compensation reported
Former officers (1)
- Former: Robert S. Schultz (2019–2022) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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 Robert S Schultz Foundation
How much does Robert S Schultz Foundation give each year?
Robert S Schultz Foundation gave $52K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3K across 1 grant.
What is Robert S Schultz Foundation's typical grant size?
Robert S Schultz Foundation's median grant in 2025 was $5,000, and its average grant was $7,486, across 7 grants on its 2025 IRS Form 990-PF.
Where does Robert S Schultz Foundation give grants?
Robert S Schultz Foundation gives mostly in New Jersey: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Millburn, NJ (3 grants).
Does Robert S Schultz Foundation give general operating support?
Yes: 100% of Robert S Schultz Foundation's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Robert S Schultz Foundation's largest grantees?
Robert S Schultz Foundation's largest 2025 grantees include Papermill Playhouse ($40,000 across 3 grants), Make a Wish NJ ($5,000) and Cooperman Barnabas Medical Center ($5,000), according to its 2025 IRS Form 990-PF. Together they received 95% of its itemized 2025 grant dollars.
How large is Robert S Schultz Foundation?
Robert S Schultz Foundation reported $67K in total assets on its 2025 IRS Form 990-PF. It paid out $52K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets).
What is Robert S Schultz Foundation's EIN?
Robert S Schultz Foundation's EIN (Employer Identification Number) is 47-4662240. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 17, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 5, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 13, 2024)
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