The Rubenstein Foundation
The Rubenstein Foundation is a private independent foundation designated as a 501(c)(3) organization. Based in Haverford, Pennsylvania, the foundation operates as a grantmaking organization with a focus on philanthropic activities across the United States.
Key facts about The Rubenstein Foundation
- EIN
- 25-6887967
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $79,000
- Grants made (2024)
- 16
- Average grant
- $4,938
- Median grant
- $3,750
- New grantees (estimate)
- 81% first-time grantees (13 of 16, 2024)
- Total assets
- $6,499,049
- Primary geography
- Pennsylvania (36% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Rubenstein Foundation funds
By grant dollars, the top recipient states for The Rubenstein Foundation's 16 itemized 2024 grants were Pennsylvania (36%), New York (25%) and New Hampshire (14%). The most frequent recipient cities were New York, NY (4 grants), Philadelphia, PA (2 grants) and Bozeman, MT (2 grants). 81% of grants with a stated purpose were for general or operating support.
Is The Rubenstein Foundation open to new grantees?
81%
first-time grantees, 2024
In 2024, 13 of 16 grantees (81%) were first-time recipients. First grants averaged $5K; repeat grants $4K. How we count
Medians: $3K first-time, $5K repeat.
- 0% of 2024 grantees were also funded in 2023. Method
- Giving fell 69% from 2021 to 2024. Method
- In 2024 it paid out 25% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Rubenstein Foundation
- How to evaluate The Rubenstein Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.5M
+2.1% YoY
Annual Giving
$79K
-97.1% YoY
Grant Count
16
+100.0% YoY
Avg Grant Size
$5K
-98.6% YoY
Under IRS private-foundation payout rules, The Rubenstein Foundation reported a distributable amount of $356K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not specify particular subject areas of focus in available documentation. However, its grantmaking activities span diverse projects across multiple states and cities, including major metropolitan areas such as New York, San Francisco, and Washington, D.C. The foundation's work encompasses Education, Philanthropy, Voluntarism & Grantmaking, and Human Services.
Grantmaking
The foundation maintains an active grantmaking program. Recent financial data indicates total giving of $79,000 in the most recent filing period. Historical grant awards have ranged from $200 to $2,611,311, reflecting significant variation in grant sizes. The foundation reports being open to new applicants.
Grant Range
s. The foundation reports being open to new applicants.
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Geographic Focus
Where this funder awards grants
The Rubenstein Foundation funds projects across multiple states, with documented activity in California, New York, Pennsylvania, New Hampshire, Connecticut, Delaware, Maryland, Montana, North Carolina, and New Jersey. Primary grantmaking concentrations appear to be in New York, Pennsylvania, and New Hampshire.
Grant Distribution by State
Share of all 16 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of most recent filing:
- Total Assets: $6,499,049
- Total Giving: $79,000
- Annual Expenses: $2,800,577 (2023 filing)
- Revenue: Negative $84,688 (2023 filing)
- Total Assets: $6,363,328 (2023 filing)
The foundation maintains zero liabilities and has demonstrated asset growth of 2.6% year-over-year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,499,049 | $6,363,328 | $8,773,086 |
| Revenue | $260,706 | $-84,688 | $-16,121 |
| Expenses | $124,985 | $2,800,577 | $399,201 |
| Qualifying Distributions | $88,300 | $2,753,245 | $302,098 |
| Net Investment Income | $224,021 | $125,080 | $136,859 |
| Distributable Amount | $356,027 | $341,164 | $427,697 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
77 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Curtis Institute of Music ($25,000), Tustees of Princeton University ($10,000), Breakthrough T1D ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| CURTIS INSTITUTE OF MUSIC Philadelphia, PA | TO PROMOTE AND SUPPORT THE EDUCATIONAL ACTIVITIES OF THE RECIPIENT | $25,000 |
| TUSTEES OF PRINCETON UNIVERSITY Princeton, NJ | TO PROMOTE AND SUPPORT THE EDUCATIONAL ACTIVITIES OF THE RECIPIENT | $10,000 |
| BREAKTHROUGH T1D New York, NY | TO PROMOTE AND SUPPORT THE GENERAL EXEMPT PURPOSES OF THE RECIPIENT | $7,500 |
| PHILLIPS EXETER ACADEMY Exeter, NH | TO PROMOTE AND SUPPORT THE GENERAL EXEMPT PURPOSES OF THE RECIPIENT | $5,000 |
| LAKE SUNAPEE PROTECTIVE ASSOCIATION Sunapee, NH | TO PROMOTE AND SUPPORT THE GENERAL EXEMPT PURPOSES OF THE RECIPIENT | $5,000 |
| YELLOWSTONE CLUB COMMUNITY FOUNDATION Bozeman, MT | TO PROMOTE AND SUPPORT THE GENERAL EXEMPT PURPOSES OF THE RECIPIENT | $5,000 |
| RELEASE RECOVERY FOUNDATION INC New York, NY | TO PROMOTE AND SUPPORT THE GENERAL EXEMPT PURPOSES OF THE RECIPIENT | $5,000 |
| NATIONAL MULTIPLE SCLEROSIS SOCIETY New York, NY | TO PROMOTE AND SUPPORT THE GENERAL EXEMPT PURPOSES OF THE RECIPIENT | $5,000 |
| BRIDGECARE Bozeman, MT | TO PROMOTE AND SUPPORT THE GENERAL EXEMPT PURPOSES OF THE RECIPIENT | $2,500 |
| FRIENDS OF THE IDF New York, NY | TO PROMOTE AND SUPPORT THE GENERAL EXEMPT PURPOSES OF THE RECIPIENT | $2,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by trustees David B. Rubenstein and Michele A. Kreisler, both of whom serve without compensation.
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| David B Rubenstein | Trustee | 1 | — |
| Michele a Kreisler | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Rubenstein Foundation fund?
The foundation does not specify particular subject areas of focus in available documentation. However, its grantmaking activities span diverse projects across multiple states and cities, including major metropolitan areas such as New York, San Francisco, and Washington, D.C. The foundation's work encompasses Education, Philanthropy, Voluntarism & Grantmaking, and Human Services.
How do I apply for a grant from The Rubenstein Foundation?
The foundation maintains an active grantmaking program. Recent financial data indicates total giving of $79,000 in the most recent filing period. Historical grant awards have ranged from $200 to $2,611,311, reflecting significant variation in grant sizes. The foundation reports being open to new applicants.
Where does The Rubenstein Foundation make grants?
The Rubenstein Foundation funds projects across multiple states, with documented activity in California, New York, Pennsylvania, New Hampshire, Connecticut, Delaware, Maryland, Montana, North Carolina, and New Jersey. Primary grantmaking concentrations appear to be in New York, Pennsylvania, and New Hampshire.
What size grants does The Rubenstein Foundation award?
In 2024, The Rubenstein Foundation awarded 16 grants totaling $79K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The Rubenstein Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Rubenstein Foundation reported a distributable amount of $356K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Rubenstein Foundation's EIN?
The Rubenstein Foundation's EIN (Employer Identification Number) is 25-6887967. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.