The Herman Shuster Charitable Trust

FORT WASHINGTON, PA EIN: 82-7055573

The Herman Shuster Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FORT WASHINGTON, PA. IRS filing data is available from 2020 through 2021. In 2021, it awarded 1 grants totaling $1.9M. Net investment income was $583K.

Financial Overview

From 2021 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$1.9M

+3063.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$1.9M

+3063.5% YoY

Under IRS private-foundation payout rules, The Herman Shuster Charitable Trust reported a distributable amount of $75K for 2021 — the minimum it must pay out in qualifying distributions.

About The Herman Shuster Charitable Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Minnesota $1.9M (97%)

New York $60K (3%)

States

Minnesota New York

Cities

MinneapolisNew York City

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2021	2020
Total Assets	—	$1,366,146
Revenue	$601,951	$151,300
Expenses	$1,968,097	$105,379
Qualifying Distributions	$1,898,112	—
Net Investment Income	$582,748	$129,827
Distributable Amount	$75,424	$77,645

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2021

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2021 grants, the largest include State of Israel ($1,898,112).

Recipient	Purpose	Amount
STATE OF ISRAEL MINNEAPOLIS, MN	CHARITABLE CONTRIBUTION	$1,898,112

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2021 IRS filing

From 2021 filing

Name	Title	Hours	Compensation
WARREN RUBIN	TRUSTEE	—	$15,000

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Herman Shuster Charitable Trust?

The Herman Shuster Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FORT WASHINGTON, PA. It holds — in total assets as of 2021.

Where does The Herman Shuster Charitable Trust operate?

The Herman Shuster Charitable Trust has awarded grants in Minnesota, New York.

What size grants does The Herman Shuster Charitable Trust award?

In 2021, The Herman Shuster Charitable Trust awarded 1 grants totaling $1.9M — an average of about $1.9M per grant, based on its IRS Form 990 filings.

How much is The Herman Shuster Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2021, The Herman Shuster Charitable Trust reported a distributable amount of $75K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Herman Shuster Charitable Trust's EIN?

The Herman Shuster Charitable Trust's EIN (Employer Identification Number) is 82-7055573. IRS Form 990 filing data is available on this page for 2020–2021.