Brooks Schulte Family Foundation Inc

Private foundation · Grantmaker Boca Raton, FL EIN: 20-1978027

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.

Key facts about Brooks Schulte Family Foundation Inc

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.

EIN
20-1978027
Latest 990 filing
Form 990-PF, 2026
Annual giving (2026)
$142,054
Grants made (2026)
6
Average grant
$23,676
Median grant
$10,650
Total assets
$1,435,162
Primary geography
Illinois (53% of itemized 2026 grant dollars)

Data from IRS Form 990-PF, 2026; updated September 2026.

Financial Overview

From 2026 IRS Form 990-PF · View filing

Total Assets

$1.4M

+109.8% YoY

Annual Giving

$142K

+98.0% YoY

Grant Count

6

-25.0% YoY

Avg Grant Size

$24K

+164.0% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

9states

Share of 2026 grant dollars across all 6 itemized grants.

Cities

New YorkBoca RatonEvanstonSands PointBridgehamptonDallasValentines LaneChicagoWashingtonBethesdaGlen HeadHauppaugeJacksonvilleLathamLouisvilleMaryvilleNe TH AvePalo AltoPort ChesterPort Washington

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K21 grants2019 8 grants2021 9 grants2022 5 grants2023 2 grants2024 8 grants2025 6 grants2026

From 2019 to 2026, annual grant giving ranged from $15K (2024) to $142K (2026). In 2026 it made 6 grants totaling $142K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2026

Northwestern University: $75KNorthwestern University$75KBNAI Torah Congregation: $33KBNAI Torah Congregation$33KMSK Giving (Memorial Sloan Kettering Cancer Center): $11KMSK Giving (Memorial SloanKettering Cancer Center)$11KAlzheimer's Foundation of America: $10KAlzheimer's Foundation ofAmerica$10KUJA Fed New York: $10KUJA Fed New York$10KAmerican Heart Association: $3KAmerican Heart Association$3K

The largest 2026 recipient was Northwestern University ($75K). Together the top 6 received $142K.

Grant Size Distribution

30 grants across all recorded years

29<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 29 grants of 30 (97%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Northwestern University Evanston, ILSupportive Programs$75,000
BNAI Torah Congregation Boca Raton, FLSupportive Programs$32,702
MSK Giving (Memorial Sloan Kettering Cancer Center) New York, NYSupportive Programs$11,000
Alzheimer's Foundation of America New York, NYSupportive Programs$10,299
UJA Fed New York New York, NYSupportive Programs$10,000
American Heart Association Dallas, TXSupportive Programs$3,053

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2019 2021 2022 2023 2024 2025 2026
Metric202620252024
Total Assets$1,435,162$684,013$771,356
Revenue$948,231$21,446$23,846
Expenses$190,982$112,083$73,473
Qualifying Distributions$142,054$71,737$14,815
Net Investment Income$49,968—$24,036
Distributable Amount$97,355$57,564$52,007

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS November 15, 2019)
  2. Added Form 990-PF for fiscal year 2026 (received by the IRS August 18, 2026)
  3. IRS filings on file for fiscal years 2021–2025

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

Lindsay Schulte — President: $29KLindsay SchultePresident$29K

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.

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