Schultze Foundation

Foundation · Grantmaker Rye Brook, NY EIN: 13-4111641

Schultze Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Rye Brook, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $580K in total assets. In 2024, it awarded 8 grants totaling $18K.

Key facts about Schultze Foundation

EIN: 13-4111641
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $18,000
Grants made (2024): 8
Average grant: $2,250
Median grant: $1,250
Total assets: $580,357
Primary geography: New York (83% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Schultze Foundation funds

By grant dollars, the top recipient states for Schultze Foundation's 8 itemized 2024 grants were New York (83%), New Jersey (11%) and Massachusetts (6%). The most frequent recipient cities were Bronx, NY (2 grants) and Rye, NY (2 grants). 100% of grants with a stated purpose were for general or operating support.

How Schultze Foundation gives

Giving held roughly steady from 2021 to 2024 (−11%). Method
In 2024 it paid out 71% 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.

Next steps with Schultze Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$580K

+24.5% YoY

Annual Giving

$18K

-4.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$2K

-4.5% YoY

Under IRS private-foundation payout rules, Schultze Foundation reported a distributable amount of $28K for 2024 — the minimum it must pay out in qualifying distributions.

About Schultze Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $15K (83%)

New Jersey $2K (11%)

Massachusetts $1K (6%)

Share of all 8 itemized 2024 grant dollars.

States

Connecticut Massachusetts New Jersey New York Wisconsin

Cities

RyeBronxPort ChesterSiaconsetNew HavenNew YorkSecaucusEau ClaireSecaususStamford

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$580,357	$466,288	$396,730
Revenue	$5	$-69,986	$17,057
Expenses	$21,710	$22,515	$30,206
Qualifying Distributions	$19,630	$20,525	$26,095
Net Investment Income	—	—	$17,057
Distributable Amount	$27,600	$19,913	$21,639

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

42 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Cardinal's Appeal ($7,500), Don Bosco Community Center ($3,000), Good Counsel Homes ($2,000).

Recipient	Purpose	Amount
CARDINAL'S APPEAL New York, NY	UNRESTRICTED	$7,500
DON BOSCO COMMUNITY CENTER Port Chester, NY	UNRESTRICTED	$3,000
GOOD COUNSEL HOMES Secaucus, NJ	UNRESTRICTED	$2,000
CITY SQUASH Bronx, NY	UNRESTRICTED	$1,500
RYE HISTORICAL SOCIETY Rye, NY	UNRESTRICTED	$1,000
SANKATY HEAD FOUNDATION Siaconset, MA	UNRESTRICTED	$1,000
ST IGNATIUS SCHOOL Bronx, NY	UNRESTRICTED	$1,000
RYE NATURE CENTER Rye, NY	UNRESTRICTED	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
George Schultze	President	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Schultze Foundation?

Schultze Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Rye Brook, NY. It holds $580K in total assets as of 2024.

How large is Schultze Foundation?

As of 2024, Schultze Foundation holds $580K in total assets with $5 in annual revenue. It awarded 8 grants totaling $18K in 2024.

Where does Schultze Foundation operate?

Schultze Foundation has awarded grants in Connecticut, Massachusetts, New Jersey, New York, Wisconsin.

What size grants does Schultze Foundation award?

In 2024, Schultze Foundation awarded 8 grants totaling $18K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Schultze Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Schultze Foundation reported a distributable amount of $28K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.