Stephen a Schwarzman Foundation
The Stephen A Schwarzman Foundation is a private foundation based in New York, NY. In 2024, it supported projects at institutions including the Massachusetts Institute of Technology and the University of Oxford, as well as arts, education, athletics, and food-security organizations.
Stephen a Schwarzman Foundation at a glance
In short: Stephen a Schwarzman Foundation gave $76.1M across 18 grants in 2024 (avg $4.2M), top state Massachusetts. 43% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $76,054,235
- +8.6% vs 2023
- Grants made (2024)
- 18
- -5.3% vs 2023
- Average grant
- $4,225,235
- +14.6% vs 2023
- Median grant
- $1,224,044
- Total assets
- $65,328,451
- -38.1% vs 2023
- New grantees (estimate)
- 43% first-time grantees (6 of 14, 2024; small sample)
- Primary geography
- Massachusetts (34% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Stephen a Schwarzman Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 345 Park Avenue, New York, NY 10154
Phone: (212) 583-5794
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Stephen a Schwarzman Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was University of Oxford ($26.3M across 2 grants). Together the top 10 received $74.8M.
Grant Size Distribution
81 grants across all recorded years
The most common grant size was in the $1–5M range: 24 grants of 81 (30%).
Geographic Focus
Where this funder awards grants
The foundation’s 2024 grants went to recipients in Massachusetts, New York, Ohio, and Florida, as well as to the University of Oxford. Reported shares of grant dollars were 35% for recipients with an unspecified state, 34% for Massachusetts, 27% for New York, 3% for Ohio, and 2% for Florida.
Grant Distribution by State
Share of 2024 grant dollars across all 18 itemized grants.
Cities
Is Stephen a Schwarzman Foundation open to new grantees?
43%
first-time grantees, 2024
In 2024, 6 of 14 grantees (43%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $1.6M; repeat grants $8.3M. How we count
Medians: $1.2M first-time, $2.3M repeat.
- 57% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+12%). Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $57.6M (2020) to $78.9M (2022). In 2024 it made 18 grants totaling $76.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Massachusetts Institute of Technolo Cambridge, MA | Support a building focused on promoting the application of artificial intelligence | $25,585,153 |
| University of Oxford | Support a new center of academic, cultural and ethical inquiry | $22,979,700 |
| The Frick Collection New York, NY | Support Construction of State-of-the-Art Auditorium | $7,314,178 |
| 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 |
| University of Oxford | Support the institute for ethics in ai to suppport an accelerator fellowship program | $3,340,591 |
| USA Track Field Foundation Salem, OH | Support U.S. track & field athletes at world championships & olympic competitions | $2,605,578 |
| Inner-City Scholarship Fund New York, NY | Support transitional scholarshiips to qualifying students enrolled in archdiocese schools | $2,552,732 |
| American Associates of the National New York, NY | Support funding of the theatre's stage and backstage facilities and technical infrastructure | $2,040,160 |
| Asia Society New York, NY | General Support | $1,238,588 |
| Palm Beach County Food Bank Lake Worth, FL | Support the Weekend Food for Kids Program | $1,209,500 |
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Financial History
Multi-year comparison from IRS filings
The foundation stated that it received fewer contributions in 2024 than in prior years, continued significant grantmaking, and experienced a substantial contraction in the fair market value of its net assets at the beginning of the year. It also stated that it had no plans for liquidation, dissolution, or termination.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $65,328,451 | $25,059,849 | $78,830,529 | $76,054,235 | 18 | $78,450,902 | $11,202,391 | $4,050,042 |
| 2023 | $105,484,094 | $127,129,629 | $73,155,556 | $70,040,791 | 19 | $72,922,565 | $21,619,059 | $3,422,903 |
| 2022 | $39,666,069 | $27,364,104 | $82,124,588 | $78,860,243 | 16 | $81,707,862 | $11,680,589 | $3,167,729 |
| 2021 | $124,156,635 | $61,557,254 | $70,463,169 | $67,807,032 | 15 | $70,260,953 | $3,681,944 | $6,039,964 |
| 2020 | $123,316,295 | $126,483,022 | $59,377,723 | $57,596,447 | 13 | — | $1,390,297 | $3,157,212 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s filing describes its charitable and educational purposes. Its 2024 grants supported, among other things, an artificial-intelligence-focused building at MIT, a center for academic, cultural, and ethical inquiry at Oxford, arts facilities, student scholarships, U.S. track and field athletes, and a children’s weekend food program.
The grantees’ own descriptions illustrate the range of organizations supported. The Frick Collection says it operates an art museum and library for public enjoyment and the study of fine arts. The Palm Beach County Food Bank says it works to fight hunger and improve food security through food, nutrition education, and financial assistance. The Council on Foreign Relations describes itself as an independent, nonpartisan membership organization, think tank, and publisher.
Grantmaking
In 2024, the foundation reported 18 grants totaling $76,054,235. Grant amounts ranged from $135,859 to $25,585,153, with a median of $1,224,044.
The largest reported grants included $25,585,153 to the Massachusetts Institute of Technology to support a building focused on applying artificial intelligence; $22,979,700 to the University of Oxford for a new center of academic, cultural, and ethical inquiry; and $7,314,178 to The Frick Collection for construction of a state-of-the-art auditorium. Other grants included $3,988,467 to Chapel York US Foundation Inc. for the Goodwood Art Foundation, $2,605,578 to USA Track Field Foundation to support U.S. athletes at world championships and Olympic competitions, and $2,552,732 to Inner-City Scholarship Fund for transitional scholarships.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Stephen A Schwarzman as chairman and director; Jeffrey A Rosen as vice-chairman and director; John A Magliano as treasurer; Paul A White as assistant treasurer; Jenny Zou as secretary; and Steven Mnuchin, Rafael Reif, and Amy Stursberg as directors.
Stephen a Schwarzman Foundation is led by Stephen A. Schwarzman, Chairman & Director on every filing since 2020; 2 of 8 officers listed in 2024 are compensated.
Officers on the 2024 filing
Stephen A. Schwarzman
Chairman & Director
On filings since 2020
1 hr/week
No compensation reported
Amy Stursberg
Director
Executive Director → Executive Director of Philanthropy, 2022
Executive Director of Philanthropy → Director, 2023
On filings since 2020
22 hrs/week
$311K (2020) → $560K (2024)
Jeffrey A. Rosen
Vice Chairman & Director
On filings since 2022
1 hr/week
No compensation reported
Rafael Reif
Director
On filings since 2023
1 hr/week
No compensation reported
Steven Mnuchin
Director
On filings since 2023
1 hr/week
No compensation reported
John A. Magliano
Treasurer
Treasurer & Director → Treasurer, 2024
On filings since 2020
8 hrs/week
$150K (2020) → $150K (2024)
Paul A. White
Assistant Treasurer
Secretary → Assistant Treasurer, 2024
On filings since 2020
1 hr/week
No compensation reported
Jenny Zou
Secretary
On filings since 2023
1 hr/week
No compensation reported
Former officers (6)
- Former: John A. Magliano Dir To (2023) — Treasurer & Director
- Former: Mark E. Schwarzman To (2023) — Director
- Former: Paul A. White Sec To (2023) — Secretary & Assistant Treasurer
- Former: Mark E. Schwarzman (2020–2022) — Director
- Former: Bruce Simpson To (2022) — CEO & Director
- Former: Bruce Simpson (2021) — CEO & Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $560K, to Amy Stursberg (Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Stephen a Schwarzman Foundation
How much does Stephen a Schwarzman Foundation give each year?
Stephen a Schwarzman Foundation gave $76.1M across 18 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $70.0M across 19 grants.
What is Stephen a Schwarzman Foundation's typical grant size?
Stephen a Schwarzman Foundation's median grant in 2024 was $1,224,044, and its average grant was $4,225,235, across 18 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Stephen a Schwarzman Foundation that year got $1.6M on average.
Where does Stephen a Schwarzman Foundation give grants?
Stephen a Schwarzman Foundation's top state is Massachusetts, with 34% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest state was New York (27%). The most frequent recipient cities were New York, NY (12 grants).
Does Stephen a Schwarzman Foundation give general operating support?
Yes: 17% of Stephen a Schwarzman Foundation's 2024 grants with a stated purpose (3 of 18) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Stephen a Schwarzman Foundation's largest grantees?
Stephen a Schwarzman Foundation's largest 2024 grantees include University of Oxford ($26,320,291 across 2 grants), Massachusetts Institute of Technolo ($25,585,153) and The Frick Collection ($7,778,532 across 2 grants), according to its 2024 IRS Form 990-PF. Together they received 78% of its itemized 2024 grant dollars.
How large is Stephen a Schwarzman Foundation?
Stephen a Schwarzman Foundation reported $65.3M in total assets on its 2024 IRS Form 990-PF. It paid out $78.5M in qualifying distributions that year, against a required minimum of $4.1M (roughly 5% of its investment assets).
What does Stephen a Schwarzman Foundation fund?
The foundation’s filing describes its charitable and educational purposes. See mission & focus areas ↑
How do I apply for a grant from Stephen a Schwarzman Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Stephen a Schwarzman Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Stephen a Schwarzman Foundation funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/stephen-a-schwarzman-foundation-morg_f402e7fda45e44e1ac2a0d4e22346dd6
BibTeX
@misc{grantable_474634539_2026,
author = {{Grantable}},
title = {{Stephen a Schwarzman Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/stephen-a-schwarzman-foundation-morg_f402e7fda45e44e1ac2a0d4e22346dd6},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Stephen a Schwarzman Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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