Albert J Schmidt Trust
Albert J Schmidt Trust is a private foundation, based in Burlington, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.0M in total assets. In 2025, it awarded 1 grant totaling $93K. Net investment income was $117K.
Albert J Schmidt Trust at a glance
In short: Albert J Schmidt Trust gave $93K across 1 grant in 2025 (avg $93K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $93,067
- +5.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $93,067
- +5.4% vs 2024
- Median grant
- $93,067
- Total assets
- $1,983,729
- +0.4% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Albert J Schmidt Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Southeastern Community College ($93K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Albert J Schmidt Trust gives
- Giving held roughly steady from 2022 to 2025 (−7%). Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $74K (2019) to $100K (2022). In 2025 it made 1 grant totaling $93K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Southeastern Community College West Burlington, IA | Charitable | $93,067 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,983,729 | $133,987 | $125,652 | $93,067 | 1 | $104,481 | $117,257 | $111,623 |
| 2024 | $1,975,394 | $204,823 | $116,069 | $88,274 | 1 | $99,754 | $188,295 | $104,547 |
| 2023 | $1,886,640 | $19,518 | $117,994 | $89,165 | 1 | $100,048 | $57,165 | $99,157 |
| 2022 | $1,985,116 | $146,502 | $134,449 | $100,311 | 1 | $112,195 | $129,711 | $101,049 |
| 2021 | $1,973,063 | $212,563 | $116,378 | $88,576 | 1 | $99,895 | $196,450 | $111,630 |
| 2020 | $1,876,878 | $-48,864 | $116,535 | $91,499 | 1 | — | $36,260 | $99,111 |
| 2019 | $2,042,277 | $81,590 | $97,868 | $73,798 | 1 | — | $67,478 | $101,457 |
Under IRS private-foundation payout rules, Albert J Schmidt Trust reported a distributable amount of $112K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Albert J Schmidt Trust's only listed officer is Farmers Merchants Bank Trust, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
Farmers Merchants Bank Trust
Trustee
On filings since 2019
1 hr/week
$18K (2019) → $22K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $22K, to Farmers Merchants Bank Trust (Trustee).
Frequently asked questions about Albert J Schmidt Trust
How much does Albert J Schmidt Trust give each year?
Albert J Schmidt Trust gave $93K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $88K across 1 grant.
How large is Albert J Schmidt Trust?
Albert J Schmidt Trust reported $2.0M in total assets on its 2025 IRS Form 990-PF. It paid out $104K in qualifying distributions that year, against a required minimum of $112K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Albert J Schmidt Trust operate?
Albert J Schmidt Trust has awarded grants in Iowa.
What is Albert J Schmidt Trust's EIN?
Albert J Schmidt Trust's EIN (Employer Identification Number) is 27-6732089. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 14, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Albert J Schmidt Trust funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Albert J Schmidt Trust's focus areas in our free grants database
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