Brooks Schulte Family Foundation Inc
Brooks Schulte Family Foundation Inc is a private foundation, based in Boca Raton, FL. IRS filing data is available from 2019 through 2026. As of 2026, the organization holds $1.4M in total assets. In 2026, it awarded 6 grants totaling $142K. Net investment income was $50K.
Brooks Schulte Family Foundation Inc at a glance
In short: Brooks Schulte Family Foundation Inc gave $142K across 6 grants in 2026 (avg $24K), mostly in Illinois. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $142,054
- +98.0% vs 2025
- Grants made (2026)
- 6
- -25.0% vs 2025
- Average grant
- $23,676
- +164.0% vs 2025
- Median grant
- $10,650
- Total assets
- $1,435,162
- +109.8% vs 2025
- Primary geography
- Illinois (53% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Brooks Schulte Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2026
The largest 2026 recipient was Northwestern University ($75K). Together the top 6 received $142K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 29 grants of 30 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 6 itemized grants.
Cities
How Brooks Schulte Family Foundation Inc gives
- Giving grew 236% from 2023 to 2026. Method
- In 2026 it paid out 146% of 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 2026, annual grant giving ranged from $15K (2024) to $142K (2026). In 2026 it made 6 grants totaling $142K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northwestern University Evanston, IL | Supportive Programs | $75,000 |
| BNAI Torah Congregation Boca Raton, FL | Supportive Programs | $32,702 |
| MSK Giving (Memorial Sloan Kettering Cancer Center) New York, NY | Supportive Programs | $11,000 |
| Alzheimer's Foundation of America New York, NY | Supportive Programs | $10,299 |
| UJA Fed New York New York, NY | Supportive Programs | $10,000 |
| American Heart Association Dallas, TX | Supportive Programs | $3,053 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,435,162 | $948,231 | $190,982 | $142,054 | 6 | $142,054 | $49,968 | $97,355 |
| 2025 | $684,013 | $21,446 | $112,083 | $71,737 | 8 | $71,737 | — | $57,564 |
| 2024 | $771,356 | $23,846 | $73,473 | $14,815 | 2 | $14,815 | $24,036 | $52,007 |
| 2023 | $790,117 | $28,834 | $95,734 | $42,301 | 5 | $42,301 | $33,182 | $52,850 |
| 2022 | $824,658 | $31,144 | $126,457 | $69,548 | 9 | $69,548 | $42,715 | $60,758 |
| 2021 | $877,057 | $34,525 | $98,766 | $44,972 | 8 | — | $84,686 | $57,280 |
| 2019 | $891,784 | $43,253 | $80,139 | $26,700 | 21 | — | $46,014 | $57,506 |
Under IRS private-foundation payout rules, Brooks Schulte Family Foundation Inc reported a distributable amount of $97K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Brooks Schulte Family Foundation Inc is led by Drew Schulte, Director & President on the 2026 filing; none of the 2 officers listed in 2026 report compensation.
Officers on the 2026 filing
Drew Schulte
Director & President
New on the 2026 filing
1 hr/week
No compensation reported
Lindsay Schulte
Director
President → Director, 2026
On filings since 2022
9 hrs/week
$25K (2022) → $0 (2026)
Former officers (3)
- Former: David Schwager (2019–2025) — Secretary & Treasurer
- Former: Lindsay Schwager (2019–2021) — V-President
- Former: Pearl Brooks (2019) — Chairman & President
Data from IRS Form 990 filings, 2019–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $29K, to Lindsay Schulte (President).
Frequently asked questions about Brooks Schulte Family Foundation Inc
How much does Brooks Schulte Family Foundation Inc give each year?
Brooks Schulte Family Foundation Inc gave $142K across 6 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $72K across 8 grants.
What is Brooks Schulte Family Foundation Inc's typical grant size?
Brooks Schulte Family Foundation Inc's median grant in 2026 was $10,650, and its average grant was $23,676, across 6 grants on its 2026 IRS Form 990-PF.
Where does Brooks Schulte Family Foundation Inc give grants?
Brooks Schulte Family Foundation Inc gives mostly in Illinois: 53% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The next largest states were Florida (23%) and New York (22%). The most frequent recipient cities were New York, NY (3 grants).
Does Brooks Schulte Family Foundation Inc give general operating support?
Not in 2026: none of the 6 grants with a stated purpose on Brooks Schulte Family Foundation Inc's 2026 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Supportive Programs" (6 grants).
Who are Brooks Schulte Family Foundation Inc's largest grantees?
Brooks Schulte Family Foundation Inc's largest 2026 grantees include Northwestern University ($75,000), BNAI Torah Congregation ($32,702) and MSK Giving (Memorial Sloan Kettering Cancer Center) ($11,000), according to its 2026 IRS Form 990-PF. Together they received 84% of its itemized 2026 grant dollars.
How large is Brooks Schulte Family Foundation Inc?
Brooks Schulte Family Foundation Inc reported $1.4M in total assets on its 2026 IRS Form 990-PF. It paid out $142K in qualifying distributions that year, against a required minimum of $97K (roughly 5% of its investment assets).
What is Brooks Schulte Family Foundation Inc's EIN?
Brooks Schulte Family Foundation Inc's EIN (Employer Identification Number) is 20-1978027. IRS Form 990 filing data is available on this page for 2019–2026.
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
- Added Form 990-PF for fiscal year 2019 (received by the IRS November 15, 2019)
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 18, 2026)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Brooks Schulte Family Foundation Inc funds
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