Damir I & Virginia a Schmidek Charitable Foundation
Damir I & Virginia a Schmidek Charitable Foundation is a private foundation focused on Education, based in SARATOGA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $167K in total assets. In 2024, it awarded 7 grants totaling $62K. Net investment income was $74K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$167K
+3.6% YoY
Annual Giving
$62K
+59.7% YoY
Grant Count
7
+40.0% YoY
Avg Grant Size
$9K
+14.1% YoY
Under IRS private-foundation payout rules, Damir I & Virginia a Schmidek Charitable Foundation reported a distributable amount of $27K for 2024 — the minimum it must pay out in qualifying distributions.
About Damir I & Virginia a Schmidek Charitable Foundation
Based on IRS filings
Damir I & Virginia a Schmidek Charitable Foundation is a private foundation focused on Education, based in SARATOGA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $167K in total assets. In 2024, it awarded 7 grants totaling $62K. Net investment income was $74K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $166,743 | $160,920 | $226,047 |
| Revenue | $83,457 | $12,107 | $34,360 |
| Expenses | $77,634 | $77,234 | $83,277 |
| Qualifying Distributions | $70,680 | $72,647 | $58,160 |
| Net Investment Income | $73,784 | $7,520 | $9,656 |
| Distributable Amount | $26,824 | $25,903 | $29,513 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cristo Rey High School ($30,000), Opera San Jose ($15,000), Symphony Silicon Valley ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Symphony Silicon Valley San Jose, CA | General fund | $10,000 |
| Opera San Jose San Jose, CA | General fund | $15,000 |
| SRC Living Legacy Saratoga, CA | General fund | $2,000 |
| St Andrews Episcopal Church Saratoga, CA | General fund | $5,100 |
| Cristo Rey High School San Jose, CA | General fund | $30,000 |
| KQED San Francisco, CA | General fund | $50 |
| de Young Museum San Francisco, CA | General fund | $130 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Damir I Schmidek | Pres Dir | 5 | — |
| Virginia A Schmidek | Dir | 5 | — |
| Kevin Schmidek | Secy Treas | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Damir I & Virginia a Schmidek Charitable Foundation?
Damir I & Virginia a Schmidek Charitable Foundation is a private foundation focused on Education, based in SARATOGA, CA. It holds $167K in total assets as of 2024.
How large is Damir I & Virginia a Schmidek Charitable Foundation?
As of 2024, Damir I & Virginia a Schmidek Charitable Foundation holds $167K in total assets with $83K in annual revenue. It awarded 7 grants totaling $62K in 2024.
Where does Damir I & Virginia a Schmidek Charitable Foundation operate?
Damir I & Virginia a Schmidek Charitable Foundation has awarded grants in California, District of Columbia.
What size grants does Damir I & Virginia a Schmidek Charitable Foundation award?
In 2024, Damir I & Virginia a Schmidek Charitable Foundation awarded 7 grants totaling $62K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Damir I & Virginia a Schmidek Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Damir I & Virginia a Schmidek Charitable Foundation reported a distributable amount of $27K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Damir I & Virginia a Schmidek Charitable Foundation's EIN?
Damir I & Virginia a Schmidek Charitable Foundation's EIN (Employer Identification Number) is 77-0520075. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.