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Milton Schamach Foundation Inc. is a private corporation based in SADDLE BROOK, NJ. The foundation received its IRS ruling in 1970. The principal officer is Jay Rubenstein Esq. It holds total assets of $687K. Annual income is reported at $346K. Total assets have decreased from $968K in 2011 to $726K in 2022. The foundation is governed by 6 officers and trustees. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in New Jersey and New York. According to available records, Milton Schamach Foundation Inc. has made 31 grants totaling $30K, with a median grant of $1K. The foundation has distributed between $14K and $16K annually from 2022 to 2023. Individual grants have ranged from $500 to $2K, with an average award of $951.613. The foundation has supported 17 unique organizations. The foundation primarily supports organizations in New Jersey, New York, Pennsylvania, which account for 84% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$1K
Average Grant
$900
Largest Grant
$1K
Based on 15 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Milton Schamach Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 31 grants. Its grantmaking reaches organizations primarily in NJ, NY, PA.
Milton Schamach Foundation Inc. has distributed a total of $30K across 31 grants. The median grant size is $1K, with an average of $951.613. Individual grants have ranged from $500 to $2K.
Milton Schamach Foundation Inc. is a private foundation. To inquire about grants, you can look up the foundation using their EIN (237051147) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Milton Schamach Foundation Inc. is headquartered in SADDLE BROOK, NJ. While based in NJ, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael Schamach | THIRD VICE PRESIDENT/TRUST | $250 | $0 | $250 |
| Nancy Freedman | SECOND VICE PRESIDENT/TRUS | $250 | $0 | $250 |
| Justin Schamach | SECRETARY/TRUSTEE | $250 | $0 | $250 |
| Gene Schamach | SENIOR VICE PRESIDENT/TRUS | $250 | $0 | $250 |
| Howard Schamach | PRESIDENT/TREASURER/TRUSTE | $250 | $0 | $250 |
| Rhoda Schamach | ASST TREASURER/ASST SECY/T | $250 | $0 | $250 |
Total Giving
$38K
Total Assets
$726K
Fair Market Value
$773K
Net Worth
$726K
Grants Paid
$16K
Contributions
N/A
Net Investment Income
$36K
Distribution Amount
$37K
Total: $682K
Total Grants
31
Total Giving
$30K
Average Grant
$951.613
Median Grant
$1K
Unique Recipients
17
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St Jude Children'S Research HospitalGENERAL GRANT FOR PURCHASE OF MEDICAL EQUIPMENT | Memphis, TN | $2K | 2023 |
| Tunnel To Towers FoundationGENERAL GRANT TOWARDS SUPPORTING OUR HEROES | Staten Island, NY | $2K | 2023 |
| Shriners Hospitals For ChildrenWORK BEING DONE IN ORTHOTICS & PROSTETICS DEPARTMENT | Philadelphia, PA | $2K | 2023 |
| Holy Name Medical Center Regional Cancer CenterTO SUPPORT RESEARCH IN FIELD OF RADIATION ONCOLOGY | Teaneck, NJ | $1K | 2023 |
| Shore Memorial Health FoundationGENERAL GRANT FOR PURCHASE OF MEDICAL EQUIPMENT | Somers Point, NJ | $1K | 2023 |
| Memorial Sloan Kettering Cancer CenterGENERAL GRANT FOR CANCER RESEARCH | New York, NY | $1K | 2023 |
| Chilton Medical Center FoundationGENERAL GRANT FOR PURCHASE OF MEDICAL EQUIPMENT | Pompton Plains, NJ | $1K | 2023 |
| Hackensack University Medical Center FoundationGENERAL GRANT FOR ABBNORMAL PLACENTATION CENTER | Edison, NJ | $1K | 2023 |
| Wilmer Ophthalmological InstituteFOR RESEARCH BEING DONE BY DR CAMPOCHIARO MD AT WILMER EYE INSTITUTE | Baltimore, MD | $1K | 2023 |
| Deborah Hospital FoundationGENERAL GRANT FOR PURCHASE OF MEDICAL EQUIPMENT | Browns Mill, NJ | $1K | 2023 |
| Operation SmileGENERAL GRANT FOR PURCHASE OF MEDICAL EQUIPMENT | Virginia Beach, VA | $1K | 2023 |
| Bergen Volunteer Medical IntiativeGENERAL GRANT FOR PURCHASE OF MEDICAL EQUIPMENT | Hackensack, NJ | $1K | 2023 |
| Valley Hospital FoundationGENERAL GRANT FOR PURCHASE OF MEDICAL EQUIPMENT | Ridgewood, NJ | $1K | 2023 |
| Pathfinder Village FoundationGENERAL GRANT FOR PURCHASE OF MEDICAL EQUIPMENT | Edmeston, NY | $500 | 2023 |
| Family Releif FundGENERAL GRANT FOR SIMI FAMILYGENERAL GRANT FOR SIMI FAMILY | Edison, NJ | $500 | 2023 |
| St Joseph'S Wayne Hospital FoundationGENERAL GRANT FOR PURCHASE OF MEDICAL EQUIPMENT | Paterson, NJ | $500 | 2023 |
| Hackensack Joseph M Sanzari Childrens HospitalGENERAL GRANT FOR PURCHASE OF MEDICAL EQUIPMENT | Hackensack, NJ | $1K | 2022 |