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STEPHEN A SCHWARZMAN FOUNDATION
NEW YORK, NY · EIN 474634539 · Form 990PF · FY2024 · NTEE T20 · Philanthropy & Grantmaking · Large ($10M-$50M)
revenue
$25.1M
expenses
$2.8M
net assets
$65.3M
employees
—
profile · synthesized from sources

The Stephen A. Schwarzman Foundation is a private foundation based in New York that makes significant grants to support education, cultural institutions, ethical inquiry in artificial intelligence, and athletic and youth development programs. It funds capital projects, academic initiatives, and scholarship programs primarily in the United States and the United Kingdom. The foundation does not operate direct-service programs but advances its mission through strategic philanthropy.

named programs · 5 · from sources

What they call their work

Emergency Tuition Assistance
Offers emergency financial aid to students through the Inner-City Scholarship Fund
Support for AI Ethics Research
Funds academic research and fellowship programs in artificial intelligence ethics, including at the University of Oxford's Institute for Ethics in AI
Transitional Scholarships
Provides scholarships to qualifying students enrolled in Archdiocese schools through the Inner-City Scholarship Fund
U.S. Track & Field Athlete Support
Funds athlete training and competition expenses for U.S. Track & Field athletes at international events
Weekend Food for Kids Program
Supports food distribution to children in need through the Palm Beach County Food Bank
activities · 6 groups

What they do

  • University-Specific Endowment and Program Funding 1 activity
    • Funding AI research and ethics programs
      Funds initiatives focused on artificial intelligence and its ethical implications, including the MIT Schwarzman College of Computing and the Institute for Ethics in AI at the University of Oxford, supporting academic inquiry and fellowship programs.
  • Capital Infrastructure Funding 1 activity
    • Funding construction of academic and cultural facilities
      Funds the construction of buildings and infrastructure dedicated to academic, cultural, and artistic advancement at institutions including the Massachusetts Institute of Technology, The Frick Collection, and the University of Oxford.
  • Charitable Grantmaking to Specific Causes 1 activity
    • Funding food security programs for children
      Funds the Weekend Food for Kids program at Palm Beach County Food Bank, which provides food assistance to children in need.
  • Art Museum Funding and Support 1 activity
    • Funding general operating support for cultural and policy organizations
      Provides general operating support to major cultural and policy institutions such as the Asia Society and the Council on Foreign Relations, including funding for education centers like the Richard Haas Center.
  • Private K–12 School Support 1 activity
    • Funding scholarships and tuition assistance for students
      Funds transitional scholarships and emergency tuition assistance for students attending Archdiocese schools through the Inner-City Scholarship Fund.
  • Medical Research Funding 1 activity
    • Funding support for U.S. track and field athletes
      Funds support for U.S. track and field athletes competing in World Championships and Olympic competitions through the USA Track & Field Foundation.
financials · form 990PF · fy2024
revenue
Total revenue$25.06M
Contributions & grants$20.42M81%
Program service revenue——
Investment income$1.01M4%
Other revenue$3.61M
expenses
Total expenses$2.78M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$710K
Grants paid out$76.05M
balance sheet
Total assets$65.33M
Cash—
Investments—
Liabilities—
Net assets$65.33M
5 years on record · 2020–2024 · YoY revenue -80.3%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
AMY STURSBERG DIRECTOR 22 $560K
JOHN A MAGLIANO TREASURER 8 $150K
board members · 4
  • JEFFREY A ROSEN — VICE-CHAIRMAN & DIRECTOR
  • RAFAEL REIF — DIRECTOR
  • STEPHEN A SCHWARZMAN — CHAIRMAN & DIRECTOR
  • STEVEN MNUCHIN — DIRECTOR
relationships · 10

Who they work with

  • AMERICAN ASSOCIATES OF THE NATIONAL Partner — Funded to improve theatre stage, backstage facilities, and technical infrastructure.
  • ASIA SOCIETY Partner — Received general operating support.
  • CHAPEL YORK US FOUNDATION INC Partner — Funded for construction of the Goodwood Art Foundation to present international art and educational programs.
  • COUNCIL ON FOREIGN RELATIONS Partner — Funded to support the Richard Haas Center for Education.
  • INNER-CITY SCHOLARSHIP FUND Partner — Funded to provide transitional scholarships and emergency tuition assistance to qualifying students in Archdiocese schools.
  • MASSACHUSETTS INSTITUTE OF TECHNOLOGY Partner — Funded for construction of a building focused on promoting the application of artificial intelligence.
  • PALM BEACH COUNTY FOOD BANK Partner — Funded to support the Weekend Food for Kids program.
  • THE FRICK COLLECTION Partner — Funded for construction of a state-of-the-art auditorium.
  • UNIVERSITY OF OXFORD Partner — Funded to establish a center for academic, cultural, and ethical inquiry and to support the Institute for Ethics in AI’s accelerator fellowship program.
  • USA TRACK & FIELD FOUNDATION Partner — Funded to support U.S. track and field athletes at World Championships and Olympic competitions.