Samuel & Nancy Jo Altschuler Family

EIN 843187437 Private Foundation

Lake Success, NY 11042 |(800) 839-1754

Total Given 2020–2024
$1.5M
113 grants · $294K avg/year
based on 5 yrs of IRS 990-PF records on file
$100K+/yr
local funder
capacity
$7K
typical small grants · $5K–$20K
grant size
62%
deep partner · 28/45 multi-year
repeat
$8.4M
Assets (2024)
45
Distinct Recipients

About

As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2020, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $216,000. This amount represents 25% or more of the Foundation's net assets of $10,001 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2020. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.

Focus Areas

Education Health Arts & Culture Youth Development

Application Information

Accepts Unsolicited Proposals No. Preselected Only
Phone (800) 839-1754

Financial Trends

Giving Over Time

Total Assets Over Time

View financial data as table
YearTotal GivingTotal AssetsRevenueGrants
2020 $216K $7.5M $7.2M 15
2021 $292K $8.0M $115K 22
2022 $298K $6.9M $197K 22
2023 $300K $7.7M $275K 25
2024 $362K $8.4M $279K 29

Grant Size Distribution

Based on 113 grants on record

Minimum
$2K
25th Pctl
$5K
Median
$7K
Average
$13K
75th Pctl
$20K
Maximum
$50K

Geographic Distribution

Officers & Directors

Grants Awarded (113 total)

Purpose
Northeastern University Boston, MA $50,000 General & Unrestricted 2020
Northeastern University Boston, MA $50,000 Torch Scholarship Fund, Samuel and Nancy Jo Altschuler Scholarship Fund 2021
Northeastern University Boston, MA $50,000 Torch Scholars program, Sam and Nancy Altschuler business school scholarship Fund 2023
Northeastern University Boston, MA $50,000 the Torch Scholars program and Sam and Nancy Altschuler Business School Scholarship fund 2024
Northeastern University Boston, MA $50,000 Torch Scholarship Fund, Samuel and Nancy Jo Altschuler Scholarship Fund 2022
Partners Healthcare System Inc-Foundation of the M Somerville, MA $40,000 Unrestricted hospital fund, Altschuler Surgical Training Lab fund, Lucy Young Lancaster Course fund 2021
Foundation of the Massachusetts Eye and Ear Infirm Somerville, MA $40,000 Lucy young Lancaster Course scholarship Fund, Altschuler Ophthalmology training lab, general purposes 2023
Foundation of the Massachusetts Eye and Ear Infirm Somerville, MA $40,000 general & unrestricted, the samuel and nancy jo Altschuler Lab, the Lancaster Course fund 2024
Partners Healthcare System Inc-Foundation of the M Somerville, MA $40,000 Lucy young Lancaster Course scholarship fund, Altschuler Ophthalmology training lab, general purposes 2022
Hancock United Church of Christ Lexington, MA $37,500 General & Unrestricted 2024
Hancock United Church of Christ Lexington, MA $35,000 General & Unrestricted 2021
Partners Healthcare System Inc-Foundation of the M Boston, MA $30,000 Samuel and Nancy Jo Altschuler Lab Support Fund, Lucy Young Lancaster Course and General Fund 2020
Hancock United Church of Christ Lexington, MA $27,500 General & Unrestricted 2023
Hancock United Church of Christ Lexington, MA $27,500 General & Unrestricted 2022
Catholic Schools Foundation Inc Boston, MA $25,000 General & Unrestricted 2020
Partners Healthcare System Inc - the Brigham and W Boston, MA $25,000 Dr. Khurana Education/Mentorship program 2020
Wentworth Institute of Technology Boston, MA $25,000 scholarships Fund 2020
Catholic Schools Foundation Inc Boston, MA $25,000 Scholarship Fund 2021
Partners Healthcare System Inc - the Brigham and W Boston, MA $25,000 Dr. Khurana Education/Mentorship program 2021
Wentworth Institute of Technology Boston, MA $25,000 Samuel and Nancy Jo Altschuler Scholarship Fund 2021
Catholic Schools Foundation Inc Boston, MA $25,000 general Scholarship Fund 2023
Wentworth Institute of Technology Boston, MA $25,000 Samuel and Nancy Jo Altschuler Scholarship Fund 2023
Catholic Schools Foundation Inc Boston, MA $25,000 scholarship fund 2024
The Brigham & Womens Hospital Inc Boston, MA $25,000 trial initiative run by Dr. Khurana 2024
Wentworth Institute of Technology Boston, MA $25,000 Samuel and Nancy Jo Altschuler Scholarship Fund 2024

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