The Schiff Foundation Incorporated
The Schiff Foundation Incorporated is a private foundation based in Northbrook, Illinois. Established in March 1988, it operates as a 501(c)(3) tax-exempt organization and is classified as a foundation with preselected grantmaking practices.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.4M
-4.8% YoY
Annual Giving
$1.2M
+1.7% YoY
Grant Count
9
+12.5% YoY
Avg Grant Size
$130K
-9.6% YoY
Under IRS private-foundation payout rules, The Schiff Foundation Incorporated reported a distributable amount of $567K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation operates on a preselected-only basis, meaning it makes contributions exclusively to preselected charitable organizations and does not accept unsolicited applications for funds.
Grant Range
$0–$667,000
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Most Recent Filing (2023):
- Total Assets: $5,665,043
- Total Giving: $1,146,667
- Revenue: $367,563
- Expenses: $1,270,000
- Total Liabilities: $0
The foundation ranks in the top 10% of U.S. foundations by assets (Rank #13,026 of 159,550).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,393,970 | $5,665,043 | $6,567,245 |
| Revenue | $960,860 | $367,563 | $837,142 |
| Expenses | $1,281,933 | $1,269,765 | $1,273,096 |
| Qualifying Distributions | $1,178,281 | $1,252,991 | $1,263,488 |
| Net Investment Income | $862,708 | $235,510 | $717,831 |
| Distributable Amount | $566,924 | $555,654 | $593,803 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The University of Virginia Health Foundation ($666,667), The Arts Institute of Chicago ($200,000), Immigrant Law Center of Minnesota ($75,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE ARTS INSTITUTE OF CHICAGO CHICAGO, IL | GIFT FOR THE DEPT OF ARCHITECTURE AND DESIGN, THE EXHIBITION SUPPORT PROGRAM, THE SCHIFF FOUNDATION FUND, 24-25 CAILLEBOTTE, 25-26 BRUCE GOFF | $200,000 |
| ALL BLESSINGS FLOW CHARLOTTESVILLE, VA | GENERAL SUPPORT | $10,000 |
| IMMIGRANT LAW CENTER OF MINNESOTA SAINT PAUL, MN | GENERAL SUPPORT | $75,000 |
| MAZON SHERMAN OAKS, CA | GENERAL SUPPORT | $50,000 |
| MERCY HOUSING LAKE FRONT CHICAGO, IL | GENERAL SUPPORT | $75,000 |
| PLANNED PARENTHOOD FEDERATION OF AMERICA NEW YORK, NY | GENERAL SUPPORT | $75,000 |
| IRIS CHARLOTTESVILLE, VA | GENERAL SUPPORT | $10,000 |
| THE UNIVERSITY OF VIRGINIA HEALTH FOUNDATION CHARLOTTESVILLE, VA | ESTABLISHMENT OF TRANSLATIONAL PROGRAM IN NEURO-ONCOLOGY WITHIN THE CANCER CENTER | $666,667 |
| THE ALZHEIMERS DISEASE&RELATED DISORDERS ASSOC INC CHICAGO, IL | GENERAL SUPPORT | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation maintains limited staffing with the following board members and key personnel:
| Name | Title | Hours/Week | Compensation/Year |
|---|---|---|---|
| Margot Levin | President, Director | 2 | $0 |
| Leslie Ann Schiff | Secretary, Director | 1 | $0 |
| Steven Spector | Treasurer, Registered Agent | 2 | $0 |
| David Schiff | Director | 1 | $0 |
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARGOT LEVIN | PRESIDENT, DIRECTOR | 2 | — |
| LESLIE ANN SCHIFF | SECRETARY, DIRECTOR | 1 | — |
| STEVEN SPECTOR | TREASURER, REGISTERED AGENT | 2 | — |
| DAVID SCHIFF | DIRECTOR | 1 | — |
Frequently Asked Questions
How do I apply for a grant from The Schiff Foundation Incorporated?
The foundation operates on a preselected-only basis, meaning it makes contributions exclusively to preselected charitable organizations and does not accept unsolicited applications for funds. **Grant Activity:** • Recent grant activity is documented in recent tax filings • Median grant amount: $63,000 • Grant range: $0–$667,000 • Approximately 10 grants awarded in recent filing periods
What size grants does The Schiff Foundation Incorporated award?
In 2024, The Schiff Foundation Incorporated awarded 9 grants totaling $1.2M — an average of about $130K per grant, based on its IRS Form 990 filings.
How much is The Schiff Foundation Incorporated required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Schiff Foundation Incorporated reported a distributable amount of $567K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Schiff Foundation Incorporated's EIN?
The Schiff Foundation Incorporated's EIN (Employer Identification Number) is 36-3485274. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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