The Michael & Carol Lowenstein
The Michael & Carol Lowenstein Foundation is a private foundation established in 2007 and based in Greenwich, Connecticut. The foundation operates as a 501(c)(3) organization dedicated to philanthropic grantmaking across multiple focus areas.
Key facts about The Michael & Carol Lowenstein
- EIN
- 20-5953051
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,778,472
- Grants made (2024)
- 16
- Average grant
- $173,655
- Median grant
- $75,000
- New grantees (estimate)
- 44% first-time grantees (7 of 16, 2024)
- Total assets
- $73,847,742
- Primary geography
- New York (91% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Michael & Carol Lowenstein funds
By grant dollars, the top recipient states for The Michael & Carol Lowenstein's 16 itemized 2024 grants were New York (91%). The most frequent recipient cities were New York, NY (7 grants). None of its 16 grants with a stated purpose were described as general or operating support. Recurring purposes include "To Further That Tax Exempt Mission of the Organization" (16 grants).
Is The Michael & Carol Lowenstein open to new grantees?
44%
first-time grantees, 2024
In 2024, 7 of 16 grantees (44%) were first-time recipients. First grants averaged $97K; repeat grants $233K. How we count
Medians: $50K first-time, $100K repeat.
- 38% of 2024 grantees were also funded in 2023. Method
- Giving grew 68% from 2021 to 2024. Method
- In 2024 it paid out 87% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 Michael & Carol Lowenstein
- How to evaluate The Michael & Carol Lowenstein as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$73.8M
+35.0% YoY
Annual Giving
$2.8M
-0.9% YoY
Grant Count
16
+14.3% YoY
Avg Grant Size
$174K
-13.3% YoY
Under IRS private-foundation payout rules, The Michael & Carol Lowenstein reported a distributable amount of $3.2M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Medical research, particularly disease-specific research
Grantmaking
The foundation makes approximately 14-20 grants annually based on recent filing data.
Grant Range
$1,000–$2,140,000
Ready to take the next step with The Michael & Carol Lowenstein?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- New York
- Massachusetts
- Palau
Grant Distribution by State
Share of all 16 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (as of most recent filings):
- Total assets: $73,847,742
- Total revenues: $2,878,726
- Total expenses: $2,848,463
- Investment income and dividends: $651,540
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $73,847,742 | $54,694,063 | $53,707,760 |
| Revenue | $16,347,495 | $2,878,726 | $3,050,538 |
| Expenses | $2,843,930 | $2,848,463 | $2,653,026 |
| Qualifying Distributions | $2,789,167 | $2,810,685 | $2,442,630 |
| Net Investment Income | $9,145,946 | $2,828,219 | $2,990,929 |
| Distributable Amount | $3,222,767 | $2,738,592 | $2,760,694 |
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
80 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Jewish Communal Fund ($940,000), Uja Federation of New York ($500,000), Larchmont Temple ($405,672).
| Recipient | Purpose | Amount |
|---|---|---|
| JEWISH COMMUNAL FUND New York, NY | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $940,000 |
| UJA FEDERATION OF NEW YORK New York, NY | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $500,000 |
| LARCHMONT TEMPLE New York, NY | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $405,672 |
| WHITE PLAINS HOSPITAL White Plains, NY | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $400,000 |
| BRAINGAIN ISRAEL Brooklyn, NY | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $100,000 |
| BROAD INSTITUTE INC Cambridge, MA | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $100,000 |
| FEEDING WESTCHESTER Elmsford, NY | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $100,000 |
| MOVING TRADITIONS Elkins Park, PW | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $100,000 |
| THE AFYA FOUNDATION OF AMERICA INC Yonkers, NY | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $50,000 |
| FACING HISTORY AND OURSELVES Boston, MA | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key personnel listed on recent filings include:
- Michael B. Lowenstein (Director)
- Jeffrey Lowenstein (Director)
- Gino LaBruzzo (Secretary)
- Li Dick (Assistant Secretary)
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael B Lowenstein | Director | 2 | — |
| Jeffery Lowenstein | Director | 1 | — |
| Gino Labruzzo | Secretary | 1 | — |
| Li Dick | Assistant Secretary | 1 | — |
Contact Information
Address: 55 Railroad Ave, Floor 2, Greenwich, CT 06830-6378
Telephone: 203-862-5800
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Michael & Carol Lowenstein fund?
The foundation's primary funding interests include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Medical research, particularly disease-specific research
How do I apply for a grant from The Michael & Carol Lowenstein?
**Grant Activity:** • Total giving: $2,778,472 (most recent fiscal year) • Typical grant range: $1,000–$2,140,000 • Median grant amount: $20,000 • Recent grants have supported organizations including the Jewish Communal Fund ($2,140,000), UJA-Federation of New York ($260,000), and The Broad Institute ($100,000) The foundation makes approximately 14-20 grants annually based on recent filing data.
Where does The Michael & Carol Lowenstein make grants?
The foundation primarily funds organizations in: • New York • Massachusetts • Palau
What size grants does The Michael & Carol Lowenstein award?
In 2024, The Michael & Carol Lowenstein awarded 16 grants totaling $2.8M — an average of about $174K per grant, based on its IRS Form 990 filings.
How much is The Michael & Carol Lowenstein required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Michael & Carol Lowenstein reported a distributable amount of $3.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Michael & Carol Lowenstein's EIN?
The Michael & Carol Lowenstein's EIN (Employer Identification Number) is 20-5953051. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.