Comprehensive foundation profile based on the most recent IRS Form 990 filing
The Phyllis & Thomas Osterman Family Foundation is a small philanthropic organization based in Great Neck, New York. With assets totaling $58,999 and annual expenses of $8,099, the foundation focuses on supporting human services. Despite its modest revenue of $55, the foundation has a broad geographic reach, funding initiatives in cities such as New York, Palm Desert, Portland, Rye Brook, Stamford, Waltham, and Washington across states including California, Connecticut, District of Columbia, Massachusetts, New York, and Oregon. The foundation is led by L. Thomas Osterman, who serves as Director and President, and Phyllis Osterman, who is the Director and Secretary/Treasurer. Both leaders do not receive compensation for their roles.
Focus Areas
Geographic Focus
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Financials
+2.6% from previous year
6 grants awarded in 2024
Of total revenue spent on programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $5,000 | BRANDEIS UNIVERSITY | GENERAL CONTRIBUTION | Waltham, MA, US | 2024 |
| $2,500 | BRANDEIS UNIVERSITY | GENERAL CONTRIBUTION | Waltham, MA, US | 2023 |
| $2,000 | BRANDEIS UNIVERSITY | GENERAL CONTRIBUTIONGENERAL CONTRIBUTIONGENERAL CONTRIBUTION | Waltham, MA, US | 2022 |
| $1,800 | THE LEUKEMIA & LYMPHOMA SOCIETY | GENERAL CONTRIBUTION | Rye brook, NY, US | 2023 |
| $500 | PACIFIC HOUSE | GENERAL CONTRIBUTION | Stamford, CT, US | 2022 |
| $500 | UJA FEDERATION | GENERAL CONTRIBUTION | New york, NY, US | 2022 |
| $500 | THE DESERT COMMUNITY FOUNDATION | GENERAL CONTRIBUTION | Palm desert, CA, US | 2023 |
| $500 | AMERICAN JOINT DISTRIBUTION COMMITTEE | GENERAL CONTRIBUTION | New york, NY, US | 2024 |
| $500 | THE LEUKEMIA & LYMPHOMA SOCIETY | GENERAL CONTRIBUTION | Rye brook, NY, US | 2024 |
| $500 | THE PACIFIC HOUSE | GENERAL CONTRIBUTION | Stamford, CT, US | 2024 |
People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
LT
L THOMAS OSTERMAN
| DIRECTOR & PRESIDENT | $0 | 2024 |
PO
PHYLLIS OSTERMAN
| DIRECTOR, SECY/TREAS. | $0 | 2024 |
L THOMAS OSTERMAN
DIRECTOR & PRESIDENT
PHYLLIS OSTERMAN
DIRECTOR, SECY/TREAS.
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025