B Schmitt Scholar Fd-irr Tr(1453

ORLANDO, FL EIN: 54-6092648

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 grants totaling $89K. Net investment income was $791.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$89K

+5088.2% YoY

Grant Count

+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.

About B Schmitt Scholar Fd-irr Tr(1453

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Tennessee $94K (100%)

States

Tennessee

Cities

Knoxville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

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

Among its reported 2023 grants, the largest include University of Tennessee ($89,392).

Recipient	Purpose	Amount
UNIVERSITY OF TENNESSEE KNOXVILLE, TN	GENERAL OPERATING	$89,392

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
TRUIST BANK	TRUSTEE	1	$2,128

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

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.

What size grants does B Schmitt Scholar Fd-irr Tr(1453 award?

In 2023, B Schmitt Scholar Fd-irr Tr(1453 awarded 1 grants totaling $89K — an average of about $89K per grant, based on its IRS Form 990 filings.

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.