The Phyllis and Perry Schwartz Foundation
The Phyllis and Perry Schwartz Foundation is a private foundation, based in Highland Park, IL. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $547K in total assets. In 2026, it awarded 7 grants totaling $98K. Net investment income was $20K.
The Phyllis and Perry Schwartz Foundation at a glance
In short: The Phyllis and Perry Schwartz Foundation gave $98K across 7 grants in 2026 (avg $14K), mostly in Illinois. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $97,512
- +39.2% vs 2025
- Grants made (2026)
- 7
- -22.2% vs 2025
- Average grant
- $13,930
- +79.0% vs 2025
- Median grant
- $6,500
- Total assets
- $546,957
- -16.3% vs 2025
- Primary geography
- Illinois (92% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated November 2026.
Who The Phyllis and Perry Schwartz Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2026
The largest 2026 recipient was Threshholds ($65K). Together the top 7 received $98K.
Grant Size Distribution
54 grants across all recorded years
The most common grant size was under $50K: 50 grants of 54 (93%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 7 itemized grants.
Cities
How The Phyllis and Perry Schwartz Foundation gives
- Giving fell 43% from 2023 to 2026. Method
- In 2026 it paid out 279% of 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 2021 to 2026, annual grant giving ranged from $70K (2025) to $233K (2021). In 2026 it made 7 grants totaling $98K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Threshholds Chicago, IL | General Charitable | $65,100 |
| Natl Alliance Mental Illness Chicago, IL | General Charitable | $9,975 |
| Ravinia Festival Assn Highland Park, IL | General Charitable | $7,937 |
| Les Turner ALS Foundation Skokie, IL | General Charitable | $6,500 |
| Israel Tennis Centers Foundation New York, NY | General Charitable | $5,000 |
| US Holocaust Museum Washington, DC | General Charitable | $2,500 |
| Womens Club of Evanston Evanston, IL | General Charitable | $500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $546,957 | $20,403 | $127,214 | $97,512 | 7 | $126,955 | $20,228 | $45,468 |
| 2025 | $653,768 | $25,750 | $113,428 | $70,040 | 9 | $98,549 | $25,575 | $45,423 |
| 2024 | $741,446 | $294,647 | $141,430 | $92,422 | 10 | $131,787 | $294,472 | $39,165 |
| 2023 | $860,673 | $93,906 | $220,381 | $171,130 | 14 | $218,746 | $93,731 | $44,039 |
| 2022 | $1,020,619 | $693,272 | $162,212 | $115,863 | 14 | $162,212 | $90,466 | $43,890 |
| 2021 | $556,553 | $15,539 | $266,917 | $233,478 | 15 | — | $15,539 | $38,275 |
Under IRS private-foundation payout rules, The Phyllis and Perry Schwartz Foundation reported a distributable amount of $45K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Phyllis and Perry Schwartz Foundation is led by Phyllis Schwartz, Director & President on every filing since 2021; 4 of 7 officers listed in 2026 are compensated.
Officers on the 2026 filing
Phyllis Schwartz
Director & President
On filings since 2021
No compensation reported
David L. Kane
Director
On filings since 2021
$2K (2026)
Debra M. Schwartz
Director & Secretary
On filings since 2021
$4K (2021) → $0 (2026)
Julie Kane
Director & Vice President
On filings since 2021
$4K (2021) → $2K (2026)
Samantha S. Kane
Director
On filings since 2021
$2K (2022) → $2K (2026)
Caroline B. Kane
Director
New on the 2026 filing
$2K (2026)
Jerry M. Kane
Director & Treasurer
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $2K, to Julie Kane (DIR./VP.). 4 officers or directors reported compensation on that filing.
Frequently asked questions about The Phyllis and Perry Schwartz Foundation
How much does The Phyllis and Perry Schwartz Foundation give each year?
The Phyllis and Perry Schwartz Foundation gave $98K across 7 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $70K across 9 grants.
What is The Phyllis and Perry Schwartz Foundation's typical grant size?
The Phyllis and Perry Schwartz Foundation's median grant in 2026 was $6,500, and its average grant was $13,930, across 7 grants on its 2026 IRS Form 990-PF.
Where does The Phyllis and Perry Schwartz Foundation give grants?
The Phyllis and Perry Schwartz Foundation gives mostly in Illinois: 92% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The next largest state was New York (5%). The most frequent recipient cities were Chicago, IL (2 grants).
Does The Phyllis and Perry Schwartz Foundation give general operating support?
Yes: 100% of The Phyllis and Perry Schwartz Foundation's 2026 grants with a stated purpose (7 of 7) were for general or operating support, per its 2026 IRS Form 990-PF.
Who are The Phyllis and Perry Schwartz Foundation's largest grantees?
The Phyllis and Perry Schwartz Foundation's largest 2026 grantees include Threshholds ($65,100), Natl Alliance Mental Illness ($9,975) and Ravinia Festival Assn ($7,937), according to its 2026 IRS Form 990-PF. Together they received 85% of its itemized 2026 grant dollars.
How large is The Phyllis and Perry Schwartz Foundation?
The Phyllis and Perry Schwartz Foundation reported $547K in total assets on its 2026 IRS Form 990-PF. It paid out $127K in qualifying distributions that year, against a required minimum of $45K (roughly 5% of its investment assets).
What is The Phyllis and Perry Schwartz Foundation's EIN?
The Phyllis and Perry Schwartz Foundation's EIN (Employer Identification Number) is 36-3838536. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS September 15, 2026)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 10, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS December 15, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 19, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS November 21, 2025)
- IRS filings on file for fiscal years 2021–2025
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