Adler Schermer Foundation
The Adler Schermer Foundation is a private family foundation established in 1992 in Colorado. The foundation is a 501(c)(3) organization designated for religious, educational, charitable, scientific, literary, and other qualifying philanthropic purposes. The foundation maintains offices in both Davenport, Iowa and Tucson, Arizona.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.5M
+3.1% YoY
Annual Giving
$445K
-20.3% YoY
Grant Count
4
-80.0% YoY
Avg Grant Size
$111K
+298.3% YoY
Under IRS private-foundation payout rules, Adler Schermer Foundation reported a distributable amount of $222K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grant-making priorities focus on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Science and STEM Education
- Arts
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation's grant-making activities are concentrated in:
- Iowa
- Illinois
- Colorado
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $4,536,334
- Total Giving: $445,000
- Revenue: -$2,377,933
- Expenses: $485,889
- Net Assets: $4,536,334
- Total Liabilities: $0
Tax-Exempt Status: The foundation has been tax-exempt since March 1993.
EIN: 84-1210699
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,536,334 | $4,398,911 | $4,565,216 |
| Revenue | $-2,377,933 | $205,663 | $79,551 |
| Expenses | $485,889 | $595,315 | $217,324 |
| Qualifying Distributions | $448,172 | $565,796 | $176,673 |
| Net Investment Income | $87,721 | $178,144 | $78,708 |
| Distributable Amount | $221,914 | $210,115 | $252,883 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
82 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Rivermont Collegiate ($300,000), The State University of Iowa Foundation ($100,000), Spring Forward Learning Center ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ANDERSON RANCH ARTS CENTER SNOWMASS VILLAGE, CO | PROVIDE INSTRUCTION IN THE FINE ARTS FOR CHILDREN AND ADULTS | $20,000 |
| RIVERMONT COLLEGIATE BETTENDORF, IA | ACADEMIC EXCELLENCE AND MAXIMIZING THE POTENTIAL OF EACH STUDENT | $300,000 |
| SPRING FORWARD LEARNING CENTER MOLINE, IL | PROVIDE EDUCATIONAL AND ENRICHMENT OPPORTUNITIES TO FAMILIES IN THE COMMUNITY | $25,000 |
| THE STATE UNIVERSITY OF IOWA FOUNDATION IOWA CITY, IA | SCHERMER NURSING FUND, NEUROSURGERY RESEARCH AND DEVELOPMENT FUND, & OCULAR ONCOLOGY EXCELLENCE FUND | $100,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Gregory P. Schermer serves as President of related organizations under the foundation's structure.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LLOYD G SCHERMER | DIRECTOR | 1 | — |
| GRANT SCHERMER | DIRECTOR | 1 | — |
| GREG SCHERMER | DIRECTOR | 1 | — |
Frequently Asked Questions
What does Adler Schermer Foundation fund?
The foundation's grant-making priorities focus on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Science and STEM Education • Arts
How do I apply for a grant from Adler Schermer Foundation?
**Grant Amounts:** Typical awards range from $100,000 to $300,000. **Recent Activity:** The foundation distributed $445,000 in total giving according to its most recent 2024 IRS Form 990 filing. **Notable Grant:** The foundation provided $130,000 in general support to River Center for the Performing Arts in Davenport, Iowa through the Adler Theater Foundation.
Where does Adler Schermer Foundation make grants?
The foundation's grant-making activities are concentrated in: • Iowa • Illinois • Colorado
What size grants does Adler Schermer Foundation award?
In 2024, Adler Schermer Foundation awarded 4 grants totaling $445K — an average of about $111K per grant, based on its IRS Form 990 filings.
How much is Adler Schermer Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Adler Schermer Foundation reported a distributable amount of $222K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Adler Schermer Foundation's EIN?
Adler Schermer Foundation's EIN (Employer Identification Number) is 84-1210699. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Adler Schermer Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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