Schack Family Foundation Inc
Schack Family Foundation Inc is a private foundation, based in Syosset, NY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $477K in total assets. In 2025, it awarded 2 grants totaling $13K. Net investment income was $18K.
Schack Family Foundation Inc at a glance
In short: Schack Family Foundation Inc gave $13K across 2 grants in 2025 (avg $7K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $13,000
- Grants made (2025)
- 2
- Average grant
- $6,500
- Median grant
- $6,500
- Total assets
- $477,146
- +0.1% vs 2024
- Primary geography
- New York (100% 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 Schack Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Hirsh Family MSRE Fellowship Fund ($10K). Together the top 2 received $13K.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Schack Family Foundation Inc gives
- Giving fell 74% from 2022 to 2025. Method
- In 2025 it paid out 76% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2022 to 2025, annual grant giving ranged from $11K (2023) to $50K (2022). In 2025 it made 2 grants totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hirsh Family MSRE Fellowship Fund New Yokr, NY | 501(C)(3) Charitable Purpose | $10,000 |
| St Edward Food Pantry Staten Island, NY | 501(C)(3) Charitable Purpose | $3,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $477,146 | $18,111 | $17,642 | $13,000 | 2 | $17,642 | $18,077 | $23,265 |
| 2024 | $476,677 | $22,123 | $5,616 | — | — | $4,616 | $22,123 | $22,741 |
| 2023 | $460,170 | $20,122 | $13,914 | $11,000 | 2 | $13,898 | $22,980 | $22,062 |
| 2022 | $453,962 | $3,827 | $55,982 | $50,000 | 1 | $55,982 | $8,505 | $22,827 |
| 2021 | $506,117 | $3,320 | $371 | — | — | $371 | $4,769 | $24,575 |
| 2020 | $503,168 | $6,076 | $6,701 | — | — | — | $8,038 | $24,642 |
| 2019 | $503,793 | $12,598 | $3,488 | — | — | — | $12,434 | $24,088 |
Under IRS private-foundation payout rules, Schack Family Foundation Inc reported a distributable amount of $23K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Schack Family Foundation Inc is led by Kenneth A. Schack, President & Treasurer on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kenneth A. Schack
President & Treasurer
On filings since 2019
No compensation reported
Justin Schack
Vice President
On filings since 2019
No compensation reported
Marcia Schack
Secretary
On filings since 2019
No compensation reported
Melissa Blasberg
Vice President
On filings since 2019
No compensation reported
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 Schack Family Foundation Inc
How much does Schack Family Foundation Inc give each year?
Schack Family Foundation Inc gave $13K across 2 grants in 2025, according to its 2025 IRS Form 990-PF.
How large is Schack Family Foundation Inc?
Schack Family Foundation Inc reported $477K in total assets on its 2025 IRS Form 990-PF. It paid out $18K in qualifying distributions that year, against a required minimum of $23K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Schack Family Foundation Inc operate?
Schack Family Foundation Inc has awarded grants in New York.
What is Schack Family Foundation Inc's EIN?
Schack Family Foundation Inc's EIN (Employer Identification Number) is 80-0139709. 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
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 8, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
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