The Irwin S Scherzer Foundation Inc
The Irwin S Scherzer Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.5M in total assets. In 2024, it awarded 32 grants totaling $173K. Net investment income was $153K.
Key facts about The Irwin S Scherzer Foundation Inc
- EIN
- 06-1619844
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $172,951
- Grants made (2024)
- 32
- Average grant
- $5,405
- Median grant
- $3,430
- New grantees (estimate)
- 3% first-time grantees (1 of 32, 2024)
- Total assets
- $3,455,743
- Primary geography
- New York (98% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Irwin S Scherzer Foundation Inc funds
By grant dollars, the top recipient states for The Irwin S Scherzer Foundation Inc's 32 itemized 2024 grants were New York (98%). The most frequent recipient cities were New York, NY (27 grants) and Washington, DC (2 grants). None of its 32 grants with a stated purpose were described as general or operating support. Recurring purposes include "To extend financial assistance to worthy organizations." (32 grants).
Is The Irwin S Scherzer Foundation Inc open to new grantees?
3%
first-time grantees, 2024
In 2024, 1 of 32 grantees (3%) were first-time recipients. First grants averaged $50; repeat grants $6K. How we count
Medians: $50 first-time, $4K repeat.
- 94% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−5%). Method
- In 2024 it paid out 147% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Irwin S Scherzer Foundation Inc
- How to evaluate The Irwin S Scherzer Foundation Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.5M
+2.6% YoY
Annual Giving
$173K
-1.9% YoY
Grant Count
32
+0.0% YoY
Avg Grant Size
$5K
-1.9% YoY
Under IRS private-foundation payout rules, The Irwin S Scherzer Foundation Inc reported a distributable amount of $159K for 2024 — the minimum it must pay out in qualifying distributions.
About The Irwin S Scherzer Foundation Inc
Based on IRS filings
The Irwin S Scherzer Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.5M in total assets. In 2024, it awarded 32 grants totaling $173K. Net investment income was $153K.
Focus Areas
Ready to take the next step with The Irwin S Scherzer Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 32 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,455,743 | $3,366,595 | $3,210,603 |
| Revenue | $192,578 | $191,539 | $219,322 |
| Expenses | $273,640 | $273,539 | $258,268 |
| Qualifying Distributions | $234,530 | $231,367 | $213,358 |
| Net Investment Income | $153,468 | $155,367 | $179,412 |
| Distributable Amount | $159,150 | $147,997 | $171,488 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
174 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Metropolitan Museum of Art ($25,000), The Public Theater ($15,000), The Metropolitan Opera ($13,431).
| Recipient | Purpose | Amount |
|---|---|---|
| METROPOLITAN MUSEUM OF ART New York, NY | To extend financial assistance to worthy organizations. | $25,000 |
| THE PUBLIC THEATER New York, NY | To extend financial assistance to worthy organizations. | $15,000 |
| THE METROPOLITAN OPERA New York, NY | To extend financial assistance to worthy organizations. | $13,431 |
| SECOND STAGE THEATRE New York, NY | To extend financial assistance to worthy organizations. | $10,000 |
| NEW YORK BOTANICAL GARDEN New York, NY | To extend financial assistance to worthy organizations. | $10,000 |
| CENTRAL PARK CONSERVANCY New York, NY | To extend financial assistance to worthy organizations. | $10,000 |
| PLAYWRIGHTS HORIZONS New York, NY | To extend financial assistance to worthy organizations. | $10,000 |
| LINCOLN CENTER THEATER New York, NY | To extend financial assistance to worthy organizations. | $10,000 |
| ATLANTIC THEATER CO New York, NY | To extend financial assistance to worthy organizations. | $10,000 |
| MANHATTAN THEATRE CLUB New York, NY | To extend financial assistance to worthy organizations. | $8,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Charles Flynn | Treasurer | — | — |
| Chien Cho Liu | President | 10 | $50,000 |
| Rod Ongjoco | Secretary | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Irwin S Scherzer Foundation Inc?
The Irwin S Scherzer Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. It holds $3.5M in total assets as of 2024.
How large is The Irwin S Scherzer Foundation Inc?
As of 2024, The Irwin S Scherzer Foundation Inc holds $3.5M in total assets with $193K in annual revenue. It awarded 32 grants totaling $173K in 2024.
Where does The Irwin S Scherzer Foundation Inc operate?
The Irwin S Scherzer Foundation Inc has awarded grants in Alabama, California, District of Columbia, New York, Virginia.
What size grants does The Irwin S Scherzer Foundation Inc award?
In 2024, The Irwin S Scherzer Foundation Inc awarded 32 grants totaling $173K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The Irwin S Scherzer Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Irwin S Scherzer Foundation Inc reported a distributable amount of $159K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Irwin S Scherzer Foundation Inc's EIN?
The Irwin S Scherzer Foundation Inc's EIN (Employer Identification Number) is 06-1619844. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.