Adler Schermer Foundation
Adler Schermer Foundation is a private foundation based in Davenport, Iowa. Its 2024 grants supported educational, health-research, community-enrichment, and fine-arts purposes.
Adler Schermer Foundation at a glance
In short: Adler Schermer Foundation gave $445K across 4 grants in 2024 (avg $111K), mostly in Iowa. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $445,000
- -20.3% vs 2023
- Grants made (2024)
- 4
- -80.0% vs 2023
- Average grant
- $111,250
- +298.3% vs 2023
- Median grant
- $62,500
- Total assets
- $4,536,334
- +3.1% vs 2023
- Primary geography
- Iowa (90% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Adler Schermer Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 2911 East 32Nd Street, Davenport, IA 52807
Phone: (970) 544-0421
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Adler Schermer Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Rivermont Collegiate ($300K). Together the top 4 received $445K.
Grant Size Distribution
82 grants across all recorded years
The most common grant size was under $50K: 73 grants of 82 (89%).
Geographic Focus
Where this funder awards grants
In 2024, 90% of grant dollars went to recipients in Iowa, 6% to Illinois, and 4% to Colorado.
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Adler Schermer Foundation gives
- Giving grew 56% from 2021 to 2024. Method
- In 2024 it paid out 202% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $175K (2022) to $559K (2023). In 2024 it made 4 grants totaling $445K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rivermont Collegiate Bettendorf, IA | Academic excellence and maximizing the potential of each student | $300,000 |
| The State University of Iowa Foundation Iowa City, IA | Schermer nursing fund, neurosurgery research and development fund, & ocular oncology excellence fund | $100,000 |
| Spring Forward Learning Center Moline, IL | Provide educational and enrichment opportunities to families in the community | $25,000 |
| Anderson Ranch Arts Center Snowmass Village, CO | Provide instruction in the fine arts for children and adults | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,536,334 | $-2,377,933 | $485,889 | $445,000 | 4 | $448,172 | $87,721 | $221,914 |
| 2023 | $4,398,911 | $205,663 | $595,315 | $558,633 | 20 | $565,796 | $178,144 | $210,115 |
| 2022 | $4,565,216 | $79,551 | $217,324 | $174,600 | 11 | $176,673 | $78,708 | $252,883 |
| 2021 | $6,212,300 | $464,742 | $324,322 | $285,344 | 25 | $286,399 | $429,819 | $277,359 |
| 2020 | $5,218,120 | $243,525 | $327,922 | $285,578 | 22 | — | $202,591 | $230,948 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included support for Rivermont Collegiate’s stated commitment to academic excellence and student development; the University of Iowa Foundation’s Schermer Nursing Fund and neurosurgery research and development and ocular oncology excellence funds; Spring Forward Learning Center’s educational and enrichment opportunities for local families; and Anderson Ranch Arts Center’s fine-arts instruction.
Grantmaking
In 2024, the foundation reported four grants totaling $445,000. The grants ranged from $20,000 to $300,000, with a median of $62,500. Recipients included Rivermont Collegiate ($300,000), the State University of Iowa Foundation ($100,000), Spring Forward Learning Center ($25,000), and Anderson Ranch Arts Center ($20,000).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Lloyd G Schermer, Grant Schermer, and Greg Schermer as directors.
Adler Schermer Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Lloyd G. Schermer
Director
On filings since 2020
1 hr/week
No compensation reported
Grant Schermer
Director
New on the 2024 filing
1 hr/week
No compensation reported
Greg Schermer
Director
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (1)
- Former: Betty A. Schermer (2020–2023) — Former Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Adler Schermer Foundation
How much does Adler Schermer Foundation give each year?
Adler Schermer Foundation gave $445K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $559K across 20 grants.
What is Adler Schermer Foundation's typical grant size?
Adler Schermer Foundation's median grant in 2024 was $62,500, and its average grant was $111,250, across 4 grants on its 2024 IRS Form 990-PF.
Where does Adler Schermer Foundation give grants?
Adler Schermer Foundation gives mostly in Iowa: 90% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Illinois (6%).
Does Adler Schermer Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Adler Schermer Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is Adler Schermer Foundation?
Adler Schermer Foundation reported $4.5M in total assets on its 2024 IRS Form 990-PF. It paid out $448K in qualifying distributions that year, against a required minimum of $222K (roughly 5% of its investment assets).
What does Adler Schermer Foundation fund?
No mission statement for the foundation is provided. See mission & focus areas ↑
How do I apply for a grant from Adler Schermer Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Adler Schermer Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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