The Phyllis & Thomas Osterman Family
The Phyllis & Thomas Osterman Family is a private foundation, based in Great Neck, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $55K in total assets. In 2024, it awarded 7 grants totaling $4K. Net investment income was $6.
The Phyllis & Thomas Osterman Family at a glance
In short: The Phyllis & Thomas Osterman Family gave $4K across 7 grants in 2024 (avg $557.143), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,900
- -42.6% vs 2023
- Grants made (2024)
- 7
- +16.7% vs 2023
- Average grant
- $557
- -50.8% vs 2023
- Median grant
- $500
- Total assets
- $55,055
- -6.7% vs 2023
- Primary geography
- New York (83% 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 Phyllis & Thomas Osterman Family funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Citizens Union ($2K). Together the top 7 received $4K.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 27 grants of 27 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How The Phyllis & Thomas Osterman Family gives
- Giving grew 22% from 2021 to 2024. Method
- In 2024 it paid out 138% 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 2020 to 2024, annual grant giving ranged from $3K (2020) to $7K (2023). In 2024 it made 7 grants totaling $4K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Citizens Union New York, NY | General Contribution | $1,500 |
| NYC Housing Partnership New York, NY | General Contribution | $1,000 |
| Beth El Portland, ME | General Contribution | $500 |
| The Leukemia Society Rye Brook, NY | General Contribution | $500 |
| UJA Federation of NY New York, NY | General Contribution | $250 |
| Holy Conforter Episcopal Church Stamford, CT | General Contribution | $100 |
| Public Citizen Washington, DC | General Contribution | $50 |
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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 | $55,055 | $6 | $3,950 | $3,900 | 7 | $3,900 | $6 | $2,828 |
| 2023 | $58,999 | $55 | $8,099 | $6,800 | 6 | $6,800 | $5 | $3,190 |
| 2022 | $67,043 | $7 | $5,250 | $5,200 | 6 | $5,200 | — | $3,367 |
| 2021 | $72,286 | $7 | $3,121 | $3,200 | 4 | $3,000 | — | $155 |
| 2020 | $75,400 | $164 | $2,996 | $2,900 | 4 | — | — | $3,766 |
Under IRS private-foundation payout rules, The Phyllis & Thomas Osterman Family reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Phyllis & Thomas Osterman Family is led by L. Thomas Osterman, Director & President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
L. Thomas Osterman
Director & President
On filings since 2020
No compensation reported
Phyllis Osterman
Director, Secretary & Treasurer
On filings since 2020
No compensation reported
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 Phyllis & Thomas Osterman Family
How much does The Phyllis & Thomas Osterman Family give each year?
The Phyllis & Thomas Osterman Family gave $4K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $7K across 6 grants.
What is The Phyllis & Thomas Osterman Family's typical grant size?
The Phyllis & Thomas Osterman Family's median grant in 2024 was $500, and its average grant was $557, across 7 grants on its 2024 IRS Form 990-PF.
Where does The Phyllis & Thomas Osterman Family give grants?
The Phyllis & Thomas Osterman Family gives mostly in New York: 83% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Maine (13%). The most frequent recipient cities were New York, NY (3 grants).
Does The Phyllis & Thomas Osterman Family give general operating support?
Yes: 100% of The Phyllis & Thomas Osterman Family's 2024 grants with a stated purpose (7 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Phyllis & Thomas Osterman Family's largest grantees?
The Phyllis & Thomas Osterman Family's largest 2024 grantees include Citizens Union ($1,500), NYC Housing Partnership ($1,000) and Beth El ($500), according to its 2024 IRS Form 990-PF. Together they received 77% of its itemized 2024 grant dollars.
How large is The Phyllis & Thomas Osterman Family?
The Phyllis & Thomas Osterman Family reported $55K in total assets on its 2024 IRS Form 990-PF. It paid out $4K in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets).
What is The Phyllis & Thomas Osterman Family's EIN?
The Phyllis & Thomas Osterman Family's EIN (Employer Identification Number) is 11-3563663. 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
Live grants for the work The Phyllis & Thomas Osterman Family funds
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