Stephen a Schwarzman Foundation
The Stephen A Schwarzman Foundation is a private grantmaking foundation established in 2015, based in New York City at 345 Park Avenue. Operating as a pass-through vehicle for strategic philanthropy, the foundation makes transformational, large-scale gifts designed to "create new structures that change paradigms" across multiple sectors including education, technology, arts and culture, and youth development.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$65.3M
-38.1% YoY
Annual Giving
$76.1M
+8.6% YoY
Grant Count
18
-5.3% YoY
Avg Grant Size
$4.2M
+14.6% YoY
Under IRS private-foundation payout rules, Stephen a Schwarzman Foundation reported a distributable amount of $4.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation focuses on transformational, large-scale gifts that create systemic change. Primary funding areas include:
- Education — Supporting major capital campaigns and building projects at leading institutions
- Artificial Intelligence and Technology — Including support for buildings and programs focused on AI application
- Arts and Culture — Supporting cultural organizations and institutions
- Youth Development — Including athletic programs and youth-focused initiatives
- Humanitarian Causes — Supporting various charitable endeavors
Grantmaking
Grant Range
$11,386 to $24,100,000
Invitation Only
No public application process; preselected organizations only (invitation-based grantmaking)
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Geographic Focus
Where this funder awards grants
Primarily national (United States) with some international grants. Specific states mentioned in grant activity include New York, Ohio, and Massachusetts.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Data (2024):
- Total Assets: $65,328,451
- Total Giving: $76,054,235
- Revenue: $25.1 million
2023 Data:
- Total Assets: $105,484,094
- Total Revenues: $127,129,629
- Total Expenses: $73,155,556
Historical Context:
- Annual distributions: Approximately $70-78 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $65,328,451 | $105,484,094 | $39,666,069 |
| Revenue | $25,059,849 | $127,129,629 | $27,364,104 |
| Expenses | $78,830,529 | $73,155,556 | $82,124,588 |
| Qualifying Distributions | $78,450,902 | $72,922,565 | $81,707,862 |
| Net Investment Income | $11,202,391 | $21,619,059 | $11,680,589 |
| Distributable Amount | $4,050,042 | $3,422,903 | $3,167,729 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
81 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Massachusetts Institute of Technolo ($25,585,153), University of Oxford ($22,979,700), The Frick Collection ($7,314,178).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN ASSOCIATES OF THE NATIONAL NEW YORK, NY | SUPPORT FUNDING OF THE THEATRE'S STAGE AND BACKSTAGE FACILITIES AND TECHNICAL INFRASTRUCTURE | $2,040,160 |
| ANIT-DEFAMATION LEAGUE NEW YORK, NY | SUPPORT ADL'S EFFORTS TO COMBAT ANTISEMITISM, COUNTERING EXTREMISM, AND BATTLING BIGOTRY | $430,440 |
| ASIA SOCIETY NEW YORK, NY | GENERAL SUPPORT | $1,238,588 |
| CHAPEL YORK US FOUNDATION INC NEW YORK, NY | SUPPORT CONSTRUCTION OF THE GOODWOOD ART FOUNDATION, FOR PRESENTATION OF INTERNATIONAL ART AND EDUCATIONAL PROGRAMS | $3,988,467 |
| COUNCIL ON FOREIGN RELATIONS NEW YORK, NY | SUPPORT THE RICHARD HAAS CENTER FOR EDUCATION | $557,992 |
| FRIENDS OF FONDATION DE FRANCE INC NEW YORK, NY | SUPPORT THE FASHION AND TEXTILE RESTORATION FUND FOR THE MUSEE DES ARTS DECORATIFS | $250,000 |
| INNER-CITY SCHOLARSHIP FUND NEW YORK, NY | ESTABLISH A SCHOLARSHIP PROGRAM FOR STUDENTS IN THE CLASS OF 2033 AT CHRIST THE KING SCHOOL-THE BRONX | $135,859 |
| INNER-CITY SCHOLARSHIP FUND NEW YORK, NY | SUPPORT TRANSITIONAL SCHOLARSHIIPS TO QUALIFYING STUDENTS ENROLLED IN ARCHDIOCESE SCHOOLS | $2,552,732 |
| INNER-CITY SCHOLARSHIP FUND NEW YORK, NY | SUPPORT EMERGENCY TUITION ASSISTANCE | $742,106 |
| MASSACHUSETTS INSTITUTE OF TECHNOLO CAMBRIDGE, MA | SUPPORT A BUILDING FOCUSED ON PROMOTING THE APPLICATION OF ARTIFICIAL INTELLIGENCE | $25,585,153 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEPHEN A SCHWARZMAN | CHAIRMAN & DIRECTOR | 1 | — |
| JEFFREY A ROSEN | VICE-CHAIRMAN & DIRECTOR | 1 | — |
| JOHN A MAGLIANO | TREASURER | 8 | $150,000 |
| PAUL A WHITE | ASSISTANT TREASURER | 1 | — |
| JENNY ZOU | SECRETARY | 1 | — |
| STEVEN MNUCHIN | DIRECTOR | 1 | — |
| RAFAEL REIF | DIRECTOR | 1 | — |
| AMY STURSBERG | DIRECTOR | 22 | $560,000 |
Recent News & Activity
Recent developments and announcements
The foundation has maintained ongoing support for the USA Track and Field Foundation through the Stephen A. Schwarzman Grant program, which provides awards to elite track and field athletes. Grant announcements have been made for 2022, 2023, 2024, and 2025, with the 2022 awards distributing $2.65 million to 100 elite athletes. The foundation has pledged additional funding to support elite track and field athletes competing at world championships and Olympic competitions.
USATF Foundation | USATF Foundation Announces 2025 Stephen A. SchwarzmanSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Stephen a Schwarzman Foundation fund?
The foundation focuses on transformational, large-scale gifts that create systemic change. Primary funding areas include: • **Education** — Supporting major capital campaigns and building projects at leading institutions • **Artificial Intelligence and Technology** — Including support for buildings and programs focused on AI application • **Arts and Culture** — Supporting cultural organizations and institutions • **Youth Development** — Including athletic programs and youth-focused initiatives …
How do I apply for a grant from Stephen a Schwarzman Foundation?
**Grant Characteristics:** • Grant range: $11,386 to $24,100,000 • Application process: No public application process; preselected organizations only (invitation-based grantmaking) • Grantmaking approach: Trustee-directed rather than formal grant programs **Recent Activity:** • 2023: Made 19 grants totaling over $70 million • Since 2018: Awarded 48 individual grants totaling $211,796,548 • Notable 2023 grants include: • Massachusetts Institute of Technology: $24,078,911 for a building focused o…
Where does Stephen a Schwarzman Foundation make grants?
Primarily national (United States) with some international grants. Specific states mentioned in grant activity include New York, Ohio, and Massachusetts.
What size grants does Stephen a Schwarzman Foundation award?
In 2024, Stephen a Schwarzman Foundation awarded 18 grants totaling $76.1M — an average of about $4.2M per grant, based on its IRS Form 990 filings.
How much is Stephen a Schwarzman Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Stephen a Schwarzman Foundation reported a distributable amount of $4.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Stephen a Schwarzman Foundation's EIN?
Stephen a Schwarzman Foundation's EIN (Employer Identification Number) is 47-4634539. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Stephen a Schwarzman Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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