Schusterman Family Philanthropies reported $2.2 billion in total assets and $333.5 million in grants paid for 2024. See its Israel programs, leaders, 2024 program cuts and how filed giving compares with other totals.
Charles and Lynn Schusterman Family Philanthropies is a Tulsa, Oklahoma foundation that reported $2.2 billion in total assets and $333.5 million in grants paid for 2024, according to its Form 990-PF data on ProPublica. Founded in 1987, it funds Jewish identity, Israel and U.S. civic causes. The organization says its 2025 giving across the U.S. and Israel was $470 million.
How much does Schusterman Family Philanthropies hold in assets?
Schusterman Family Philanthropies reported total assets of $2,211,990,168 on its fiscal 2024 Form 990-PF, down from $2,274,001,801 in 2023 and $2,490,466,761 in 2022. The endowment traces to the family's oil business, which Wikipedia says was sold in 2011 for $7.2 billion and InfluenceWatch says sold for more than $6 billion.
| Fiscal year | Total assets | Grants paid | Revenue | Expenses |
|---|---|---|---|---|
| 2022 | $2,490,466,761 | $382.3 million | $230.8 million | $405.0 million |
| 2023 | $2,274,001,801 | $363.5 million | $175.5 million | $381.8 million |
| 2024 | $2,211,990,168 | $333.5 million | $294.6 million | $347.4 million |
Assets, revenue and expenses come from Form 990-PF data on ProPublica Nonprofit Explorer. Grants paid come from the OpenGrants and Instrumentl summaries of the same filings.
Olam's arithmetic on those filings: assets fell about 11% between 2022 and 2024 and grants paid fell about 13%, while expenses exceeded revenue in all three years. Net assets dropped from $2,454,162,066 to $2,197,161,664, a decline of about $257 million.
Is Schusterman's annual giving $333 million or $400 million?
The filed figure for 2024 is $333.5 million in grants paid, while other sources use rounder and larger totals. Wikipedia and the Carnegie Medal of Philanthropy citation both put annual grantmaking at about $400 million, and the organization's own FAQ gives $470 million for 2025 across the U.S. and Israel.
These figures measure different scopes and years, and Olam has not reconciled them. The 2024 filing also lists a single line in its grants section, "See Attached Statement," so the grantee-level detail sits in an attachment Olam has not reviewed.
What does Schusterman Family Philanthropies fund in Israel?
Schusterman Family Philanthropies funds Israel-related work through grantmaking and through an Israel-based arm, the Schusterman-Israel Foundation, according to Wikipedia. Wikipedia also lists the ROI Community and the Jerusalem Season of Culture among its affiliated organizations and says the family is a major donor to social service initiatives in Israel, with a focus on at-risk women and victims of child abuse.
The Jerusalem Post's 50 Influential Jews list, published September 15, 2023, said the family helped build the field of Israel studies and was among the founders of Birthright. The same profile cited its work with BBYO, Hillel, Moishe House and Repair the World.
What changed at Schusterman Family Philanthropies in 2024?
Schusterman Family Philanthropies announced in March 2024 that it would end its Reality program of Israel trips and its Schusterman Fellowship effective June 30, 2024, eJewishPhilanthropy reported on March 21, 2024. The foundation said its U.S. office would focus on grantmaking.
Lisa Eisen, co-president of Schusterman Family Philanthropies, told eJewishPhilanthropy that the foundation would not change its grantmaking and that its Jewish, Israel and secular portfolios would continue. She said the ROI Community would remain but focus almost exclusively on Israel, specifically post-October 7 rebuilding and recovery.
Who leads Schusterman Family Philanthropies?
Stacy Schusterman is chair of Schusterman Family Philanthropies, and her mother Lynn Schusterman, who started the foundation with her late husband Charles in 1987, is chair emerita, according to the 2022 Carnegie Medal of Philanthropy citation. The same citation says Stacy Schusterman served as CEO of Samson Resources for over a decade before becoming more involved in the family's philanthropy in 2011.
Wikipedia reports that in 2021 the foundation helped establish the $250 million Justice and Mobility Fund with the Ford Foundation and Blue Meridian Partners, and that it gave $150 million in COVID-19 relief during 2020.
Which foundations compare to Schusterman in scale and focus?
The closest comparisons on Olam are the Wexner Foundation and Jewish leadership development and the UJA-Federation of New York financial profile. For Olam's broader coverage of major Jewish organizations, see the audit of the ADL's workforce and leadership.
Schusterman's pattern is a large private endowment paying out more than it earns, with the grantmaking portfolio spread across Jewish, Israeli and secular causes. Readers comparing foundations should look at assets, grants paid and revenue side by side, as the table above does.
Disclosure: figures come from IRS Form 990-PF data via ProPublica Nonprofit Explorer (EIN 73-1312965), Wikipedia's entry on the foundation, and the sources named in the text. Olam does not evaluate foundation effectiveness or grantee selection.
Schusterman Family Philanthropies FAQ
How big is the Schusterman foundation's endowment?
Schusterman Family Philanthropies reported total assets of $2,211,990,168 and net assets of $2,197,161,664 on its fiscal 2024 Form 990-PF, according to ProPublica Nonprofit Explorer.
How much does Schusterman Family Philanthropies give each year?
The foundation paid $333.5 million in grants in 2024, according to its filing data, and says its total giving across the U.S. and Israel was $470 million in 2025.
Who leads Schusterman Family Philanthropies?
Stacy Schusterman is chair and Lynn Schusterman is chair emerita, according to the Carnegie Medal of Philanthropy citation. Lisa Eisen is co-president, according to eJewishPhilanthropy.
How we report: Olam stories draw on public filings, company disclosures and named sources, checked by our editors. Read our methodology · Corrections
