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Schuster Foundation is a private trust based in OWINGS MILLS, MD. The foundation received its IRS ruling in 2019. The principal officer is % Daniel G Schuster. It holds total assets of $5.9M. Annual income is reported at $5.6M. THE FOUNDATION PROVIDES EDUCATIONAL AND RECREATIONAL OPPORTUNITIES FOR UNDERPRIVILEGED HOUSEHOLDS IN THE GREATER BALTIMORE REGION. THIS INCLUDES EDUCATIONAL TUITION ASSISTANCE, EQUESTRIAN LESSONS, WOODSHOP AND CRAFT ACTIVITIES AND A SUMMER DAY CAMP ON MARYLAND'S EASTERN SHORE. DURING 2022, 2 CHILDREN RECEIVED TUITION ASSISTANCE. ADDITIONALLY, 421 COATS WERE PURCHASED FOR LOW-INCOME CHILDREN AND 1,600 EQUESTRIAN RIDING AND GROOMING LESSONS WERE PROVIDED TO APPROXIMATELY 210 CHILDREN. WOODSHOP AND CRAFTS HAD ABOUT 42 LESSONS OVER THE YEAR PROVIDING LESSOPNS TO ABOUT 12 TO 16 CHILDREN. APPROXIMATELY 60 CHILDREN PARTICIPATED IN THE SUMMER DAY CAMP. Contributions to this foundation are tax-deductible.
THE FOUNDATION PROVIDES EDUCATIONAL AND RECREATIONAL OPPORTUNITIES FOR UNDERPRIVILEGED HOUSEHOLDS IN THE GREATER BALTIMORE REGION. THIS INCLUDES EDUCATIONAL TUITION ASSISTANCE, EQUESTRIAN LESSONS, WOODSHOP AND CRAFT ACTIVITIES AND A SUMMER DAY CAMP ON MARYLAND'S EASTERN SHORE. DURING 2020, 6 CHILDREN RECEIVED TUITION ASSISTANCE. ADDITIONALLY, 161 COATS WERE PURCHASED FOR LOW-INCOME CHILDREN AND 908 EQUESTRIAN RIDING AND GROOMING LESSONS WERE PROVIDED TO APPROXIMATELY 179 CHILDREN. AN AVERAGE OF 20 CHILDREN PARTICIPATED IN THE WEEKLY WOODSHOP AND CRAFTS DURING THE SHORT PRE-COVID SCHOOL YEAR AND FINALLY APPROXIMATELY 20 CHILDREN PARTICIPATED IN THE SUMMER DAY CAMP, A REDUCTION DUE TO COVID.
Expenses: $405K
THE FOUNDATION PROVIDED TWO LOW-INCOME DISABLED PERSONS WITH RENT ASSISTANCE AND PAID TO REPAIR A HANDICAPSYSTEM FOR ONE DISABLED PERSON TO ALLOWING HER TO MAINTAIN HER LEVEL OF INDEPENDENCE.
Expenses: $17K
THE FOUNDATION'S DISASTER AID PROGRAM PROVIDED 86 LOW- INCOME FAMILIES WITH FINANCIAL ASSISTANCE,MOSTLY DUE TO THE COVID-19 PANDEMIC DISASTER. THE PROGRAM PROVIDED FUNDS FOR RENT ASSISTANCE AND GIFT CARDS FOR GROCERY STORES AS WELL AS OTHER NEEDS SINCE MANY LOW-INCOME PEOPLE EITHER LOST THEIR JOBS OR HAD A REDUCTION IN INCOME.
Expenses: $150K
THE FOUNDATION PROVIDES EDUCATIONAL AND RECREATIONAL OPPORTUNITIES FOR UNDERPRIVILEGED HOUSEHOLDS IN THE GREATER BALTIMORE REGION. THIS INCLUDES EDUCATIONAL TUITION ASSISTANCE, EQUESTRIAN LESSONS, WOODSHOP AND CRAFT ACTIVITIES AND A SUMMER DAY CAMP ON MARYLAND'S EASTERN SHORE. DURING 2022, 2 CHILDREN RECEIVED TUITION ASSISTANCE. ADDITIONALLY, 421 COATS WERE PURCHASED FOR LOW-INCOME CHILDREN AND 1,600 EQUESTRIAN RIDING AND GROOMING LESSONS WERE PROVIDED TO APPROXIMATELY 210 CHILDREN. WOODSHOP AND CRAFTS HAD ABOUT 42 LESSONS OVER THE YEAR PROVIDING LESSOPNS TO ABOUT 12 TO 16 CHILDREN. APPROXIMATELY 60 CHILDREN PARTICIPATED IN THE SUMMER DAY CAMP.
CURRENTLY IN DEVELOPMENT.
Schuster Foundation is headquartered in OWINGS MILLS, MD.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Daniel G Schuster | TRUSTEE | $0 | $0 | $0 |
| Jean K Schuster | TRUSTEE | $0 | $0 | $0 |
| Danielle L Devilbiss | TRUSTEE | $0 | $0 | $0 |
| Samuel G Schuster | TRUSTEE | $0 | $0 | $0 |
| Lorraine L Burns | TRUSTEE | $0 | $0 | $0 |
Total Giving
$1.2M
Total Assets
$2.9M
Fair Market Value
$2.9M
Net Worth
$2.9M
Grants Paid
$0
Contributions
$1.5M
Net Investment Income
$14K
Distribution Amount
$0
Other foundations that have funded Schuster Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Oneil Family Foundation Inc. | $5K | 2022 | CHARITABLE |
| Lancelotta Foundation Inc. | $3K | 2022 | GENERAL SUPPORT |
| Lancelotta Foundation Inc. | $3K | 2022 | GENERAL SUPPORT |
| Lancelotta Foundation Inc. | $4K | 2020 | GENERAL SUPPORT |
| 2018 | 990PF | View |
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