Benjamin D & Ruby G Schulman Foundation
- Assets
- $11.7m
- Revenue
- $6.4m
- Investments
- $11.6m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/1976
- Data as of
- 12/2022
- EIN
- 04-2585160
Organization Overview
Benjamin D & Ruby G Schulman Foundation is located in Boston, MA. The organization was established in 1976. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benjamin D & Ruby G Schulman Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Benjamin D & Ruby G Schulman Foundation generated $6.4m in total revenue. All expenses for the organization totaled $885.8k during the year ending 12/2022. While expenses have increased by 44.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Benjamin D & Ruby G Schulman Foundation has awarded 40 individual grants totaling $1,190,239. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FOR GENERAL WELFARE AND EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven C Goodwin Trustee | 1 | $0 | |
Karen Schulman Trustee | 1 | $0 | |
Francis A Digiovanna Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,877,626 |
| Interest on Savings | $16,813 |
| Dividends & Interest | $146,751 |
| Net Rental Income | $293,723 |
| Net Gain on Sale of Assets | $91,330 |
| Capital Gain Net Income | $91,330 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,426,243 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,496 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $196,270 |
| Total operating and administrative expenses | $320,766 |
| Contributions, gifts, grants paid | $565,000 |
| Total expenses and disbursements | $885,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,589 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,693,774 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Benjamin D & Ruby G Schulman Foundation has awarded $565,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FAMILY & CHILDREN'S SERVICES PURPOSE: UNRESTRICTED CHARITABLE GIFT | $350,000 |
WINSOR SCHOOL PURPOSE: UNRESTRICTED CHARITABLE GIFT | $5,000 |
VANDERBILT HILLEL PURPOSE: UNRESTRICTED CHARITABLE GIFT | $210,000 |