The Phyllis & Thomas Osterman Family

Private foundation · Grantmaker Great Neck, NY EIN: 11-3563663

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.

Key facts about The Phyllis & Thomas Osterman Family

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.

EIN
11-3563663
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$3,900
Grants made (2024)
7
Average grant
$557
Median grant
$500
Total assets
$55,055
Primary geography
New York (83% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

9states

Share of 2024 grant dollars across all 7 itemized grants.

Cities

New YorkStamfordWalthamRye BrookWashingtonPortlandAtlantaMontgomeryPalm Desert

Giving Over Time

Total grant dollars and number of grants per year

$0$2K$4K$6K$8K4 grants2020 4 grants2021 6 grants2022 6 grants2023 7 grants2024

From 2020 to 2024, annual grant giving ranged from $3K (2020) to $7K (2023). In 2024 it made 7 grants totaling $4K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Citizens Union: $2KCitizens Union$2KNYC Housing Partnership: $1KNYC Housing Partnership$1KBeth El: $500Beth El$500The Leukemia Society: $500The Leukemia Society$500UJA Federation of NY: $250UJA Federation of NY$250Holy Conforter Episcopal Church: $100Holy Conforter EpiscopalChurch$100Public Citizen: $50Public Citizen$50

The largest 2024 recipient was Citizens Union ($2K). Together the top 7 received $4K.

Grant Size Distribution

27 grants across all recorded years

27<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 27 grants of 27 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Citizens Union New York, NYGeneral Contribution$1,500
NYC Housing Partnership New York, NYGeneral Contribution$1,000
Beth El Portland, MEGeneral Contribution$500
The Leukemia Society Rye Brook, NYGeneral Contribution$500
UJA Federation of NY New York, NYGeneral Contribution$250
Holy Conforter Episcopal Church Stamford, CTGeneral Contribution$100
Public Citizen Washington, DCGeneral Contribution$50

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2.5K$5K$7.5K$10K2020 2021 2022 2023 2024
Metric202420232022
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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.

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