B Schmitt Scholar FD-Irr TR(1453 is a private foundation focused on Education, based in Orlando, FL. IRS filing data is available from 2020 through 2023. In 2023, it awarded 1 grant totaling $89K. Net investment income was $791.
Key facts about B Schmitt Scholar FD-Irr TR(1453
In short: B Schmitt Scholar FD-Irr TR(1453 gave $89K across 1 grant in 2023 (avg $89K), mostly in Tennessee. Source: 2023 IRS Form 990-PF.
- EIN
- 54-6092648
- Latest 990 filing
- Form 990-PF, 2023
- Annual giving (2023)
- $89,392
- Grants made (2023)
- 1
- Average grant
- $89,392
- Median grant
- $89,392
- Primary geography
- Tennessee (100% of itemized 2023 grant dollars)
Data from IRS Form 990-PF, 2023; updated September 2026.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$89K
+5088.2% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$89K
+5088.2% YoY
Under IRS private-foundation payout rules, B Schmitt Scholar FD-Irr TR(1453 reported a distributable amount of $4K for 2023 — the minimum it must pay out in qualifying distributions.
How B Schmitt Scholar FD-Irr TR(1453 gives
- Giving grew 7023% from 2020 to 2023. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2023 grant dollars.
States
Cities
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 2023
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF TENNESSEE Knoxville, TN | GENERAL OPERATING | $89,392 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $102,089 | $102,100 |
| Revenue | $-934 | $3,987 | $15,437 |
| Expenses | $101,164 | $4,454 | $6,474 |
| Qualifying Distributions | $100,099 | $2,927 | $4,997 |
| Net Investment Income | $791 | $2,741 | $14,140 |
| Distributable Amount | $4,368 | $4,944 | $5,491 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
Leadership & Key People
Officers and directors from IRS filings
B Schmitt Scholar FD-Irr TR(1453's only listed officer is Truist Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2023 filing
Truist Bank
Trustee
On filings since 2021
1 hr/week
$3K (2021) → $2K (2023)
Former officers (1)
- Former: Truist Bank FKA Suntrust Bank (2020) — Trustee
Data from IRS Form 990 filings, 2020–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
Frequently asked questions about B Schmitt Scholar FD-Irr TR(1453
How much does B Schmitt Scholar FD-Irr TR(1453 give each year?
B Schmitt Scholar FD-Irr TR(1453 gave $89K across 1 grant in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $2K across 1 grant.
What is B Schmitt Scholar FD-Irr TR(1453?
B Schmitt Scholar FD-Irr TR(1453 is a private foundation focused on Education, based in Orlando, FL. It holds — in total assets as of 2023.
Where does B Schmitt Scholar FD-Irr TR(1453 operate?
B Schmitt Scholar FD-Irr TR(1453 has awarded grants in Tennessee.
How much is B Schmitt Scholar FD-Irr TR(1453 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, B Schmitt Scholar FD-Irr TR(1453 reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is B Schmitt Scholar FD-Irr TR(1453's EIN?
B Schmitt Scholar FD-Irr TR(1453's EIN (Employer Identification Number) is 54-6092648. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching B Schmitt Scholar FD-Irr TR(1453 by hand.
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