Edward L Schwab Memorial Foundation
The Edward L Schwab Memorial Foundation is a private foundation established in 1996 and based in Aberdeen, South Dakota. The foundation operates as an independent grantmaking organization with a primary focus on providing scholarship funding to students.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.7M
-2.8% YoY
Annual Giving
$298K
+13.7% YoY
Grant Count
29
-12.1% YoY
Avg Grant Size
$10K
+29.3% YoY
Mission & Focus Areas
The foundation's primary purpose is providing funding for scholarships. The foundation's grantmaking focuses on education, philanthropy, voluntarism & grantmaking, and professional societies & associations, primarily serving South Dakota, Minnesota, and Indiana.
Grantmaking
The foundation made 29 grants in its most recent fiscal year (ending August 2025). Recent scholarship recipients include:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in South Dakota, Minnesota, and Indiana, with a particular emphasis on South Dakota-based educational institutions.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of August 2025:
- Total assets: $1,668,838
- Total giving: $298,306
- Total revenues: $378,317
- Total expenses: $426,392
- Number of employees: 0
Investment income and dividends: $31,569
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,668,838 | $1,716,913 | $1,673,326 |
| Revenue | $378,317 | $383,476 | $312,165 |
| Expenses | $426,392 | $339,889 | $332,307 |
| Qualifying Distributions | $329,503 | $280,166 | $272,785 |
| Net Investment Income | $278,654 | $326,162 | $248,217 |
| Distributable Amount | $909,383 | $311,164 | $280,693 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
157 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Cassie Backman serves as Manager of the foundation (as of September 2024).
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TOM LABRIE | PRESIDENT | 0.5 | — |
| TAMMIE PAULSON | MEMBER | 0.5 | — |
| BARB DESNOYERS | SECRETARY/TREASURER | 0.5 | — |
| DAVID MORITZ | VICE PRESIDENT | 0.5 | — |
| MATT HOFMAN | MEMBER | 0.5 | — |
| DACOTAH BANK | MANAGER | 1 | $37,619 |
Contact Information
Mailing Address: PO Box 1210 Aberdeen, SD 57402-1210 United States
Telephone: 605-225-5611
EIN: 91-1770168
Tax-exempt status: 501(c)(3), tax-exempt since April 1997
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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