Charles And Lynn Schusterman Family Foundation
- Assets
- $2.5b
- Revenue
- $230.8m
- Investments
- $2.0b
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 02/1989
- Data as of
- 12/2022
- EIN
- 73-1312965
Organization Overview
Charles And Lynn Schusterman Family Foundation is located in Tulsa, OK. The organization was established in 1989. 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. Charles And Lynn Schusterman Family 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, Charles And Lynn Schusterman Family Foundation generated $230.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $405.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
REALITY TRIPS: REALITY IS A WEEKLONG JOURNEY IN ISRAEL FOR INFLUENTIAL LEADERS WHO WORK IN A RANGE OF INDUSTRIES AT THE FOREFRONT OF SOCIETAL INNOVATION AND WHO ARE COMMITTED TO LEADING POSITIVE SOCIAL CHANGE.PARTICIPANTS ENGAGE IN AN INTENSIVE, THOUGHTFULLY CURATED ITINERARY DESIGNED TO EXPAND THEIR UNDERSTANDING OF ISRAEL AND A COMPLEX REGION OF THE WORLD, AS WELL AS TO PROVIDE TOOLS THAT DEEPEN THEIR ABILITY TO LEAD ON COMPLEX ISSUES IN THEIR OWN COMMUNITIES.
JEWISH GRANTMAKING - SCHUSTERMAN FELLOWSHIP: THE SCHUSTERMAN FELLOWSHIP IS AN 18 MONTH LEADERSHIP DEVELOPMENT PROGRAM FOR SENIOR EXECUTIVES IN THE JEWISH NONPROFIT FIELD. FELLOWS PARTICIPATE IN A 360 LEADERSHIP ASSESSMENT, EXECUTIVE COACHING, VIRTUAL AND INPERSON LEARNING, CUSTOMIZED PROFESSIONAL DEVELOPMENT PLANS AND SPIRITUAL STUDY. UPON COMPLETING THE PROGRAM, FELLOWS JOIN AN ALUMNI NETWORK THAT SUPPORTS THEIR CONTINUED GROWTH AND COLLABORATION.
EDUCATION CONVENINGS - SCHOOL SYSTEMS PARTNERSHIPS: SINCE APRIL 2022, SCHUSTERMAN HAS CONVENED SCHOOL SYSTEM LEADERS FROM SIX LARGE URBAN SCHOOL DISTRICTS TO ENGAGE IN COLLECTIVE LEARNING AND COLLABORATIVE PROBLEMSOLVING TO SUPPORT ACADEMICALLY RIGOROUS, ENGAGING, AFFIRMING AND MEANINGFUL EXPERIENCES IN K8 LITERACY. COHORTS ENGAGE IN WELLSTRUCTURED COHORT CONVENINGS APPROXIMATELY THREE TIMES A YEAR TO BUILD UNDERSTANDING OF SUCCESSFUL LITERACY INITIATIVES AND RECEIVE ADDITIONAL TOOLS, RESOURCES AND COACHING AND SUPPORT FROM NATIONAL EXPERTS TO SUPPORT THE DEVELOPMENT AND IMPLEMENTATION OF THEIR OWN MULTIYEAR LITERACY PLANS.
REALITY ALUMNI ENGAGEMENT: AFTER THEIR REALITY ISRAEL JOURNEY, ALUMNI CAN PARTICIPATE IN SELECT GLOBAL TRAVEL AND IMMERSIVE EXPERIENCES THAT FOCUS ON LEARNING MORE ABOUT ISRAEL, TIKKUN OLAM (REPAIRING THE WORLD) AND THE JEWISH COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairperson & Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Co-President | 40 | $0 | |
Name Not Listed Co-President | 40 | $0 | |
Name Not Listed Secretary | 1 | $0 | |
Name Not Listed Vice-President - Finance & Accounting | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Attuned Education Partners Llc | 12/30/22 | $492,085 |
Forbes Media Llc | 12/30/22 | $400,000 |
American Jewish Joint Distribution Committee | 12/30/22 | $208,062 |
Theory Of Enchantment | 12/30/22 | $182,235 |
Mark G Yudof | 12/30/22 | $235,271 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,865,000 |
| Interest on Savings | $11,052,161 |
| Dividends & Interest | $15,801,005 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $188,260,059 |
| Capital Gain Net Income | $188,260,059 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$14,159,604 |
| Total Revenue | $230,818,621 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,342,049 |
| Taxes | $10,039,132 |
| Depreciation | $5,689 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,347,863 |
| Total operating and administrative expenses | $22,734,733 |
| Contributions, gifts, grants paid | $382,272,495 |
| Total expenses and disbursements | $405,007,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,965,979 |
| Savings and temporary cash investments | $445,662,571 |
| Net Accounts receivable | $194,450 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $31,079,460 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,970,563,829 |
| Net Land, buildings, and equipment | $472 |
| Other assets | $0 |
| Total assets | $2,490,466,761 |
| Accounts payable and accrued expenses | $1,200,271 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $35,104,424 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $36,304,695 |