David P Sheetz Foundation
The David P Sheetz Foundation is a private foundation based in Indianapolis, Indiana. Its 2025 filing reports grants to organizations in Indiana, Michigan, New Jersey, and Virginia, with most grant dollars going to recipients in Michigan and Indiana.
David P Sheetz Foundation at a glance
In short: David P Sheetz Foundation gave $700K across 30 grants in 2025 (avg $23K), mostly in Michigan. 33% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $700,000
- -16.7% vs 2024
- Grants made (2025)
- 30
- -6.3% vs 2024
- Average grant
- $23,333
- -11.1% vs 2024
- Median grant
- $10,000
- Total assets
- $15,205,062
- +2.8% vs 2024
- New grantees (estimate)
- 33% first-time grantees (10 of 30, 2025)
- Primary geography
- Michigan (56% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to David P Sheetz Foundation
- How to Apply
-
Contact Matthew J Sheetz. There is no application form at present, and the filing lists no restrictions on awards.
- Contact
Application contact: Matthew J Sheetz
Mailing address: 303 Blue Ridge Road, Indianapolis, IN 46208
Phone: (317) 796-7937
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who David P Sheetz Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Hope College ($300K). Together the top 10 received $540K.
Grant Size Distribution
139 grants across all recorded years
The most common grant size was under $50K: 121 grants of 139 (87%).
Geographic Focus
Where this funder awards grants
In 2025, 56% of grant dollars went to recipients in Michigan and 41% to recipients in Indiana. New Jersey and Virginia each accounted for 1%. The largest listed recipient-state shares were Michigan and Indiana.
Grant Distribution by State
Share of 2025 grant dollars across all 30 itemized grants.
Cities
Is David P Sheetz Foundation open to new grantees?
33%
first-time grantees, 2025
In 2025, 10 of 30 grantees (33%) were first-time recipients. First grants averaged $11K; repeat grants $30K. How we count
Medians: $10K first-time, $13K repeat.
- 63% of 2025 grantees were also funded in 2024. Method
- Giving fell 24% from 2022 to 2025. Method
- In 2025 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $583K (2021) to $925K (2022). In 2025 it made 30 grants totaling $700K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hope College Holland, MI | General | $300,000 |
| District Theatre Indianapolis, IN | General | $40,000 |
| Grand Traverse Commission on Aging Traverse City, MI | General | $35,000 |
| Freewheelin' Community Bikes Indianapolis, IN | General | $30,000 |
| Fathers and Family Indianapolis, IN | General | $25,000 |
| Joy's House Indianapolis Indianapolis, IN | General | $25,000 |
| Mission Hill Church Traverse City, MI | General | $25,000 |
| Morning Light Indianapolis, IN | General | $20,000 |
| Peace Learning Center Indianapolis, IN | General | $20,000 |
| Re Act Indianapolis, IN | General | $20,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $15,205,062 | $1,181,576 | $773,995 | $700,000 | 30 | $740,210 | $1,097,002 | $842,893 |
| 2024 | $14,789,238 | $1,052,233 | $912,674 | $840,000 | 32 | $882,011 | $971,651 | $802,479 |
| 2023 | $14,667,140 | $633,638 | $688,978 | $626,000 | 25 | $669,015 | $551,362 | $726,874 |
| 2022 | $14,732,011 | $723,861 | $1,008,701 | $925,000 | 26 | $954,850 | $632,880 | $744,017 |
| 2021 | $15,023,988 | $1,399,688 | $634,219 | $582,500 | 26 | $612,350 | $1,311,779 | $835,347 |
| 2020 | $14,258,519 | $548,042 | $832,367 | $750,000 | 21 | — | $394,625 | $736,458 |
Under IRS private-foundation payout rules, David P Sheetz Foundation reported a distributable amount of $843K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its grants support organizations with varied missions. For example, Hope College describes its mission as educating students for leadership and service through liberal arts programs in the context of the historic Christian faith. Freewheelin’ Community Bikes says it supports economically challenged communities and the environment through bicycles, training, and youth-focused life-skills programs. Peace Learning Center describes its work as facilitating community learning to advance peace, equity, and justice.
Other 2025 recipients include organizations whose own stated missions focus on care and dignity for people who are terminally ill, seniors, and families with limited means (Morning Light); educating and connecting community leaders in greater Indianapolis (Leadership Indianapolis); enriching children’s education (Allen Creek Preschool); and supporting young people’s development and leadership (100 Black Men of Indianapolis and the Center for Leadership Development).
Grantmaking
In 2025, the foundation made 30 grants totaling $700,000. Grant amounts ranged from $2,000 to $300,000, with a median of $10,000.
The largest reported grant was $300,000 to Hope College. Other notable grants were $40,000 to District Theatre; $35,000 to Grand Traverse Commission on Aging; $30,000 to Freewheelin’ Community Bikes; and $25,000 each to Fathers and Family, Joy’s House Indianapolis, and Mission Hill Church. The filing lists the purposes of these grants as general.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Martha J Keep as president, Matthew J Sheetz as treasurer, and John C Keep as vice president.
David P Sheetz Foundation is led by Martha J. Keep, President on every filing since 2020; all 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
Martha J. Keep
President
On filings since 2020
5 hrs/week
$13K (2020) → $15K (2025)
John C. Keep
Vice President
On filings since 2020
5 hrs/week
$13K (2020) → $15K (2025)
Matthew J. Sheetz
Treasurer
On filings since 2020
5 hrs/week
$13K (2020) → $15K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $15K, to Martha J Keep (President). 3 officers or directors reported compensation on that filing.
Frequently asked questions about David P Sheetz Foundation
How much does David P Sheetz Foundation give each year?
David P Sheetz Foundation gave $700K across 30 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $840K across 32 grants.
What is David P Sheetz Foundation's typical grant size?
David P Sheetz Foundation's median grant in 2025 was $10,000, and its average grant was $23,333, across 30 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from David P Sheetz Foundation that year got $11K on average.
Where does David P Sheetz Foundation give grants?
David P Sheetz Foundation gives mostly in Michigan: 56% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Indiana (41%). The most frequent recipient cities were Indianapolis, IN (16 grants), Traverse City, MI (6 grants) and Bloomington, IN (2 grants).
Does David P Sheetz Foundation give general operating support?
Yes: 100% of David P Sheetz Foundation's 2025 grants with a stated purpose (30 of 30) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are David P Sheetz Foundation's largest grantees?
David P Sheetz Foundation's largest 2025 grantees include Hope College ($300,000), District Theatre ($40,000) and Grand Traverse Commission on Aging ($35,000), according to its 2025 IRS Form 990-PF. Together they received 54% of its itemized 2025 grant dollars.
How large is David P Sheetz Foundation?
David P Sheetz Foundation reported $15.2M in total assets on its 2025 IRS Form 990-PF. It paid out $740K in qualifying distributions that year, against a required minimum of $843K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does David P Sheetz Foundation fund?
No mission statement for the foundation is provided. Its grants support organizations with varied missions. For example, Hope College describes its mission as educating students for leadership and service through liberal arts programs in the context of the historic Christian faith. See mission & focus areas ↑
How do I apply for a grant from David P Sheetz Foundation?
Contact Matthew J Sheetz. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is David P Sheetz Foundation's EIN?
David P Sheetz Foundation's EIN (Employer Identification Number) is 26-4068454. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 26, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
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Cite this profile
Grantable. (2026). David P Sheetz Foundation funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/david-p-sheetz-foundation-morg_b1e2afde8a164e19a5b5a57a2634662b
BibTeX
@misc{grantable_264068454_2026,
author = {{Grantable}},
title = {{David P Sheetz Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/david-p-sheetz-foundation-morg_b1e2afde8a164e19a5b5a57a2634662b},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from David P Sheetz Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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