The Schulman Foundation Inc
The Schulman Foundation Inc is a private foundation based in Oxford, Maryland, established in 1996. It operates as a 501(c)(3) charitable organization with no employees, functioning as a grantmaking foundation that supports various charitable initiatives across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.1M
+3127.7% YoY
Annual Giving
$570K
+178.0% YoY
Grant Count
42
-10.6% YoY
Avg Grant Size
$14K
+211.1% YoY
Grantmaking
The foundation made 44 grants in 2024, with total giving of approximately $570,000. Recent notable grants include:
Grant Range
s typically range from $100 to $62,000. The foundation supports organizations in multiple states including California, Maryland, and Virginia, with funding focused on education, human services, human rights, social justice, and nursing home initiatives.
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Geographic Focus
Where this funder awards grants
The foundation supports charitable work across multiple states, with documented activity in Arizona, California, Delaware, Florida, Illinois, Maryland, Michigan, Minnesota, New Jersey, New York, Pennsylvania, and Virginia. It has funded projects in major cities including New York, San Francisco, and Washington, D.C.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $7,077,630
- Total Revenues: $7,434,192
- Total Expenses: $575,840
- Total Grants Awarded: $570,000
Revenue Breakdown (2024):
- Grants and Contributions: $6,833,400
- Net Gain from Sale of Non-Inventory Assets: $600,699
- Investment Income and Dividends: $93
The foundation experienced significant growth in 2024, with total revenues increasing 3,862.8% compared to 2023 ($187,601).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,077,630 | $219,278 | $244,870 |
| Revenue | $7,434,192 | $187,601 | $395,461 |
| Expenses | $575,840 | $213,193 | $161,872 |
| Qualifying Distributions | $570,000 | $205,000 | $150,408 |
| Net Investment Income | $594,952 | $189,943 | $403,511 |
| Distributable Amount | $211,032 | $123,968 | $128,892 |
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
218 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Joseph Schulman serves as trustee of the foundation and manages its operations without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR JOSEPH SCHULMAN | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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