The Milton Schamach Foundation Inc
The Milton Schamach Foundation Inc is a private foundation, based in Saddle Brook, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $687K in total assets. In 2025, it awarded 20 grants totaling $50K. Net investment income was $52K.
Key facts about The Milton Schamach Foundation Inc
- EIN
- 23-7051147
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $50,000
- Grants made (2025)
- 20
- Average grant
- $2,500
- Median grant
- $3,000
- New grantees (estimate)
- 10% first-time grantees (2 of 20, 2025)
- Total assets
- $686,601
- Primary geography
- New Jersey (42% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Milton Schamach Foundation Inc funds
By grant dollars, the top recipient states for The Milton Schamach Foundation Inc's 20 itemized 2025 grants were New Jersey (42%), New York (16%) and Florida (12%). The most frequent recipient cities were Edison, NJ (2 grants). 85% of grants with a stated purpose were for general or operating support.
Is The Milton Schamach Foundation Inc open to new grantees?
10%
first-time grantees, 2025
In 2025, 2 of 20 grantees (10%) were first-time recipients. First grants averaged $3K; repeat grants $2K. How we count
Medians: $3K first-time, $3K repeat.
- 90% of 2025 grantees were also funded in 2024. Method
- Giving grew 270% from 2022 to 2025. Method
- In 2025 it paid out 150% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2025). 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 Milton Schamach Foundation Inc
- How to evaluate The Milton Schamach Foundation Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to The Milton Schamach Foundation Inc with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$687K
-4.5% YoY
Annual Giving
$50K
+25.0% YoY
Grant Count
20
+0.0% YoY
Avg Grant Size
$3K
+25.0% YoY
Under IRS private-foundation payout rules, The Milton Schamach Foundation Inc reported a distributable amount of $41K for 2025 — the minimum it must pay out in qualifying distributions.
About The Milton Schamach Foundation Inc
Based on IRS filings
The Milton Schamach Foundation Inc is a private foundation, based in Saddle Brook, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $687K in total assets. In 2025, it awarded 20 grants totaling $50K. Net investment income was $52K.
Ready to take the next step with The Milton Schamach Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 20 itemized 2025 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $686,601 | $719,323 | $725,895 |
| Revenue | $55,327 | $64,122 | $36,076 |
| Expenses | $88,049 | $70,694 | $37,756 |
| Qualifying Distributions | $62,075 | $46,300 | $17,128 |
| Net Investment Income | $52,044 | $61,812 | $36,201 |
| Distributable Amount | $41,420 | $39,675 | $36,704 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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 2025
Grant Size Distribution
85 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Chilton Medical Center Foundation ($4,000), St Jude Children's Research Hospital ($4,000), Tunnel to Towers Foundation ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHILTON MEDICAL CENTER FOUNDATION Pompton Plains, NJ | GENERAL GRANT | $4,000 |
| ST JUDE CHILDREN'S RESEARCH HOSPITAL Memphis, TN | GENERAL GRANT | $4,000 |
| TUNNEL TO TOWERS FOUNDATION Staten Island, NY | GENERAL GRANT | $4,000 |
| HOLY NAME MEDICAL CENTER REGIONAL CANCER CENTER Teaneck, NJ | TO SUPPORT RESEARCH IN FIELD OF RADIATION ONCOLOGY | $3,000 |
| MEMORIAL SLOAN KETTERING CANCER CENTER New York, NY | GENERAL GRANT FOR CANCER RESEARCH | $3,000 |
| OPERATION SMILE Virginia Beach, VA | GENERAL GRANT | $3,000 |
| RARE IS BEAUTIFUL Elmwood Park, NJ | GENERAL GRANT | $3,000 |
| SHORE MEMORIAL HEALTH FOUNDATION Somers Point, NJ | GENERAL GRANT | $3,000 |
| SHRINERS HOSPITALS FOR CHILDREN Philadelphia, PA | WORK BEING DONE IN ORTHOTICS & PROSTETICS DEPARTMENT | $3,000 |
| SYLVESTER COMPREHENSIVE CANCER CENTER Miami, FL | GENERAL GRANT FOR RESEARCH BEING DONE BY DR. TRENT WANG | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Gene Schamach | Senior Vice President/Trus | 0.1 | $2,300 |
| Howard Schamach | President/Treasurer/Truste | 0.1 | $2,300 |
| Michael Schamach | Third Vice President/Trust | 0.1 | $2,300 |
| Nancy Freedman | Second Vice President/Trus | 0.1 | $2,300 |
| Justin Schamach | Secretary/Trustee | 0.1 | $2,300 |
| Mitch Freedman | Trustee | 0.1 | $2,300 |
| Consuelo Schamach | Trustee | 0.1 | $2,300 |
Frequently Asked Questions
How large is The Milton Schamach Foundation Inc?
As of 2025, The Milton Schamach Foundation Inc holds $687K in total assets with $55K in annual revenue. It awarded 20 grants totaling $50K in 2025.
Where does The Milton Schamach Foundation Inc operate?
The Milton Schamach Foundation Inc has awarded grants in Florida, Kansas, Maryland, New Jersey, New York, Pennsylvania, Tennessee, Texas, Virginia.
What size grants does The Milton Schamach Foundation Inc award?
In 2025, The Milton Schamach Foundation Inc awarded 20 grants totaling $50K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Milton Schamach Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Milton Schamach Foundation Inc reported a distributable amount of $41K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Milton Schamach Foundation Inc's EIN?
The Milton Schamach Foundation Inc's EIN (Employer Identification Number) is 23-7051147. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in The Milton Schamach Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Citizens Charitable Foundation
Johnston, RI
Assets
$1.6M
Grants
1,602
Total Given
$1.2M
Texas Instruments Foundation
Dallas, TX
Assets
$73.0M
Grants
4,484
Total Given
$22.6M
Columbia Bank Foundation
Fair Lawn, NJ
Assets
$44.8M
Grants
410
Total Given
$1.9M
The Robert Wood Johnson Foundation
Princeton, NJ
Assets
$13.4B
Grants
3,093
Total Given
$622.6M
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
Assets
$83.3M
Grants
144
Total Given
$67.7M
Baker Hughes Foundation
Houston, TX
Assets
$2.2M
Grants
990
Total Given
$3.2M
Verizon Foundation
Basking Ridge, NJ
Assets
$23.8M
Grants
5,464
Total Given
$7.0M
Community Foundation of New Jersey
Morristown, NJ
Assets
$1.0B
Grants
1,321
Total Given
$93.8M
Crane Fund for Widows and Children
Englewood Cliffs, NJ
Assets
—
Grants
985
Total Given
$4.5M
Jpmorgan Chase Foundation
New York, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
Enterprise Holdings Foundation
Saint Louis, MO
Assets
—
Grants
9,499
Total Given
$73.1M
The Pfizer Foundation Inc
New York, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
More Funders in New Jersey
Data last updated September 2026. Sourced from IRS Form 990-PF filings.