The Gerald & Elaine Schuster Charitable
The Gerald & Elaine Schuster Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $624K in total assets. Net investment income was $26K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$624K
+4.4% YoY
Revenue
$26K
+15.0% YoY
Net Investment Income
$26K
+15.0% YoY
Expenses
$60
+0.0% YoY
Under IRS private-foundation payout rules, The Gerald & Elaine Schuster Charitable reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About The Gerald & Elaine Schuster Charitable
Based on IRS filings
The Gerald & Elaine Schuster Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $624K in total assets. Net investment income was $26K.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $624,420 | $598,215 | $575,437 |
| Revenue | $26,265 | $22,838 | $19,259 |
| Expenses | $60 | $60 | $49 |
| Qualifying Distributions | — | $60 | $49 |
| Net Investment Income | $26,265 | $22,838 | $19,259 |
| Distributable Amount | $1,540 | $1,661 | $1,782 |
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
0 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 |
|---|---|---|---|
| MARK SCHUSTER | TRUSTEE | 1 | — |
| SCOTT SCHUSTER | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Gerald & Elaine Schuster Charitable?
The Gerald & Elaine Schuster Charitable is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in NEWTON, MA. It holds $624K in total assets as of 2024.
How large is The Gerald & Elaine Schuster Charitable?
As of 2024, The Gerald & Elaine Schuster Charitable holds $624K in total assets with $26K in annual revenue.
How much is The Gerald & Elaine Schuster Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Gerald & Elaine Schuster Charitable reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Gerald & Elaine Schuster Charitable's EIN?
The Gerald & Elaine Schuster Charitable's EIN (Employer Identification Number) is 51-0518711. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Gerald & Elaine Schuster Charitable's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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