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. IRS filing data is available from 2019 through 2023. In 2023, it awarded 1 grant totaling $89K. Net investment income was $791.
B Schmitt Scholar FD-Irr TR(1453 at a glance
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.
- Annual giving (2023)
- $89,392
- +5088.2% vs 2022
- Grants made (2023)
- 1
- +0.0% vs 2022
- Average grant
- $89,392
- +5088.2% vs 2022
- Median grant
- $89,392
- Primary geography
- Tennessee (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who B Schmitt Scholar FD-Irr TR(1453 funds
How this funder distributes its grants
Top Recipients
Top recipient in 2023
The largest 2023 recipient was University of Tennessee ($89K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2023 grant dollars on its one itemized grant.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $1K (2021) to $89K (2023). In 2023 it made 1 grant totaling $89K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Tennessee Knoxville, TN | General Operating | $89,392 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $-934 | $101,164 | $89,392 | 1 | $100,099 | $791 | $4,368 |
| 2022 | $102,089 | $3,987 | $4,454 | $1,723 | 1 | $2,927 | $2,741 | $4,944 |
| 2021 | $102,100 | $15,437 | $6,474 | $1,229 | 1 | $4,997 | $14,140 | $5,491 |
| 2020 | $93,491 | $9,589 | $6,250 | $1,255 | 1 | — | $8,369 | $4,929 |
| 2019 | $90,275 | $3,787 | $6,294 | $1,369 | 1 | — | $2,539 | $4,955 |
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.
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 (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2023. "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
The highest reported compensation on the 2023 filing was $2K, to Truist Bank (Trustee).
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.
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 2019–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 9, 2020)
- IRS filings on file for fiscal years 2020–2023
Live grants for the work B Schmitt Scholar FD-Irr TR(1453 funds
Education Open opportunities, soonest deadline first.
- Creative Impact Grants $500 - $2,500 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in B Schmitt Scholar FD-Irr TR(1453's focus areas in our free grants database
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