The Philip & Lynn Straus Foundation Inc
The Philip & Lynn Straus Foundation Inc is a private foundation focused on Children and youth, based in Bedford Hills, NY. IRS filing data is available from 2020 through 2024. In 2024, it awarded 4 grants totaling $7.3M. Net investment income was $7K.
The Philip & Lynn Straus Foundation Inc at a glance
In short: The Philip & Lynn Straus Foundation Inc gave $7.3M across 4 grants in 2024 (avg $1.8M), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $7,326,098
- +876.0% vs 2023
- Grants made (2024)
- 4
- +300.0% vs 2023
- Average grant
- $1,831,525
- +144.0% vs 2023
- Median grant
- $1,831,445
- Primary geography
- New York (50% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Philip & Lynn Straus Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Bank Street College of Education - Attachment 2 ($3.6M). Together the top 4 received $7.3M.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 8 (38%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How The Philip & Lynn Straus Foundation Inc gives
- Giving grew 797% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $435K (2022) to $7.3M (2024). In 2024 it made 4 grants totaling $7.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bank Street College of Education - Attachment 2 New York, NY | Contribution to Further Donee's Exempt Purpose | $3,610,701 |
| Zero to Three National Center - Attachment 1 Washington, DC | Contribution to Further Donee's Exempt Purpose | $3,610,381 |
| Bank Street College of Education New York, NY | Contribution to Further Donee's Exempt Purpose | $52,508 |
| Zero to Three National Center for Infantstoddlers Washington, DC | Contribution to Further Donee's Exempt Purpose | $52,508 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $-31,409 | $7,408,370 | $7,326,098 | 4 | $7,366,698 | $6,709 | $333,395 |
| 2023 | $3,550,368 | $319,417 | $824,753 | $750,600 | 1 | $765,850 | $260,514 | $291,674 |
| 2022 | $4,055,735 | $792,653 | $524,924 | $435,300 | 1 | $443,590 | $711,069 | $363,439 |
| 2021 | $3,787,871 | $451,315 | $912,987 | $816,900 | 1 | — | $387,061 | $307,701 |
| 2020 | $4,241,363 | $1,008,266 | $963,193 | $875,300 | 1 | — | $794,792 | $295,692 |
Under IRS private-foundation payout rules, The Philip & Lynn Straus Foundation Inc reported a distributable amount of $333K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Philip & Lynn Straus Foundation Inc is led by Philip A. Straus Jr., President on every filing since 2023; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Philip A. Straus Jr.
President
On filings since 2023
0.3 hrs/week
No compensation reported
Roger A. Goldman
Treasurer
On filings since 2023
0.3 hrs/week
No compensation reported
Former officers (1)
- Former: Lynn G. Straus (2020–2022) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Philip & Lynn Straus Foundation Inc
How much does The Philip & Lynn Straus Foundation Inc give each year?
The Philip & Lynn Straus Foundation Inc gave $7.3M across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $751K across 1 grant.
What is The Philip & Lynn Straus Foundation Inc's typical grant size?
The Philip & Lynn Straus Foundation Inc's median grant in 2024 was $1,831,445, and its average grant was $1,831,525, across 4 grants on its 2024 IRS Form 990-PF.
Where does The Philip & Lynn Straus Foundation Inc give grants?
The Philip & Lynn Straus Foundation Inc gives mostly in New York: 50% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (50%). The most frequent recipient cities were New York, NY (2 grants) and Washington, DC (2 grants).
What is The Philip & Lynn Straus Foundation Inc?
The Philip & Lynn Straus Foundation Inc is a private foundation focused on Children and youth, based in Bedford Hills, NY.
How much is The Philip & Lynn Straus Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Philip & Lynn Straus Foundation Inc reported a distributable amount of $333K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Philip & Lynn Straus Foundation Inc's EIN?
The Philip & Lynn Straus Foundation Inc's EIN (Employer Identification Number) is 13-6161223. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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