Sharon E Fay & Maxine Schaffer Family
Sharon E Fay & Maxine Schaffer Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.8M in total assets. Net investment income was $481K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.8M
+7.6% YoY
Revenue
$534K
+997.5% YoY
Net Investment Income
$481K
+728.6% YoY
Expenses
$5K
+18.6% YoY
Under IRS private-foundation payout rules, Sharon E Fay & Maxine Schaffer Family reported a distributable amount of $245K for 2024 — the minimum it must pay out in qualifying distributions.
About Sharon E Fay & Maxine Schaffer Family
Based on IRS filings
Sharon E Fay & Maxine Schaffer Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.8M in total assets. Net investment income was $481K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,788,171 | $4,450,650 | $4,399,167 |
| Revenue | $534,262 | $48,678 | $100,427 |
| Expenses | $5,369 | $4,526 | $22,442 |
| Qualifying Distributions | — | — | $5,000 |
| Net Investment Income | $480,673 | $58,011 | $85,414 |
| Distributable Amount | $245,219 | $216,977 | $214,833 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHARON E FAY | TRUSTEE | — | — |
| MAXINE SCHAFFER | TRUSTEE | — | — |
| MATTHEW A BERLIN | TRUSTEE | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Sharon E Fay & Maxine Schaffer Family?
Sharon E Fay & Maxine Schaffer Family is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. It holds $4.8M in total assets as of 2024.
How large is Sharon E Fay & Maxine Schaffer Family?
As of 2024, Sharon E Fay & Maxine Schaffer Family holds $4.8M in total assets with $534K in annual revenue.
Where does Sharon E Fay & Maxine Schaffer Family operate?
Sharon E Fay & Maxine Schaffer Family has awarded grants in Alabama, Massachusetts, New York.
How much is Sharon E Fay & Maxine Schaffer Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sharon E Fay & Maxine Schaffer Family reported a distributable amount of $245K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sharon E Fay & Maxine Schaffer Family's EIN?
Sharon E Fay & Maxine Schaffer Family's EIN (Employer Identification Number) is 27-6385378. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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