Albert F Schenck No 8

PITTSBURGH, PA EIN: 23-6201895

Albert F Schenck No 8 is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 1 grants totaling $102K. Net investment income was $78K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.0M

-1.5% YoY

Annual Giving

$102K

-4.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$102K

-4.9% YoY

Under IRS private-foundation payout rules, Albert F Schenck No 8 reported a distributable amount of $113K for 2024 — the minimum it must pay out in qualifying distributions.

About Albert F Schenck No 8

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $547K (100%)

States

Pennsylvania

Cities

Philadelphia

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,040,043	$2,070,136	$2,202,246
Revenue	$104,418	$3,534	$-82,794
Expenses	$134,341	$136,770	$164,755
Qualifying Distributions	$108,150	$108,549	$119,160
Net Investment Income	$78,249	$22,999	$17,879
Distributable Amount	$112,894	$103,350	$108,586

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Germantown Home ($101,889).

Recipient	Purpose	Amount
GERMANTOWN HOME PHILADELPHIA, PA	GENERAL SUPPORT	$101,889

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PNC BANK NA	TRUSTEE	7	$31,305

Frequently Asked Questions

How large is Albert F Schenck No 8?

As of 2024, Albert F Schenck No 8 holds $2.0M in total assets with $104K in annual revenue. It awarded 1 grants totaling $102K in 2024.

Where does Albert F Schenck No 8 operate?

Albert F Schenck No 8 has awarded grants in Pennsylvania.

What size grants does Albert F Schenck No 8 award?

In 2024, Albert F Schenck No 8 awarded 1 grants totaling $102K — an average of about $102K per grant, based on its IRS Form 990 filings.

How much is Albert F Schenck No 8 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Albert F Schenck No 8 reported a distributable amount of $113K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.