The Phyllis & Thomas Osterman Family
The Phyllis & Thomas Osterman Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$55K
-6.7% YoY
Annual Giving
$4K
-42.6% YoY
Grant Count
7
+16.7% YoY
Avg Grant Size
$557.143
-50.8% YoY
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.
About The Phyllis & Thomas Osterman Family
Based on IRS filings
The Phyllis & Thomas Osterman Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $55,055 | $58,999 | $67,043 |
| Revenue | $6 | $55 | $7 |
| Expenses | $3,950 | $8,099 | $5,250 |
| Qualifying Distributions | $3,900 | $6,800 | $5,200 |
| Net Investment Income | $6 | $5 | — |
| Distributable Amount | $2,828 | $3,190 | $3,367 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Citizens Union ($1,500), Nyc Housing Partnership ($1,000), Beth El ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| CITIZENS UNION NEW YORK, NY | GENERAL CONTRIBUTION | $1,500 |
| NYC HOUSING PARTNERSHIP NEW YORK, NY | GENERAL CONTRIBUTION | $1,000 |
| PUBLIC CITIZEN WASHINGTON, DC | GENERAL CONTRIBUTION | $50 |
| BETH EL PORTLAND, ME | GENERAL CONTRIBUTION | $500 |
| HOLY CONFORTER EPISCOPAL CHURCH STAMFORD, CT | GENERAL CONTRIBUTION | $100 |
| UJA FEDERATION OF NY NEW YORK, NY | GENERAL CONTRIBUTION | $250 |
| THE LEUKEMIA SOCIETY RYE BROOK, NY | GENERAL CONTRIBUTION | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| L THOMAS OSTERMAN | DIRECTOR & PRESIDENT | — | — |
| PHYLLIS OSTERMAN | DIRECTOR, SECY/TREAS. | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Phyllis & Thomas Osterman Family?
The Phyllis & Thomas Osterman Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREAT NECK, NY. It holds $55K in total assets as of 2024.
How large is The Phyllis & Thomas Osterman Family?
As of 2024, The Phyllis & Thomas Osterman Family holds $55K in total assets with $6 in annual revenue. It awarded 7 grants totaling $4K in 2024.
Where does The Phyllis & Thomas Osterman Family operate?
The Phyllis & Thomas Osterman Family has awarded grants in Alabama, California, Connecticut, District of Columbia, Georgia, Massachusetts, Maine, New York, Oregon.
What size grants does The Phyllis & Thomas Osterman Family award?
In 2024, The Phyllis & Thomas Osterman Family awarded 7 grants totaling $4K — an average of about $557.143 per grant, based on its IRS Form 990 filings.
How much is The Phyllis & Thomas Osterman Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Phyllis & Thomas Osterman Family reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.