Edward L Schwab Memorial Foundation
The Edward L Schwab Memorial Foundation is a private foundation based in Aberdeen, an individual recipient Its 2025 grants were reported as scholarships, with most grant dollars going to recipients in an individual recipient
Edward L Schwab Memorial Foundation at a glance
In short: Edward L Schwab Memorial Foundation gave $298K across 29 grants in 2025 (avg $10K), mostly in South Dakota. 9% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $298,306
- +13.7% vs 2024
- Grants made (2025)
- 29
- -12.1% vs 2024
- Average grant
- $10,286
- +29.3% vs 2024
- Median grant
- $2,900
- Total assets
- $1,668,838
- -2.8% vs 2024
- New grantees (estimate)
- 9% first-time grantees (2 of 22, 2025; small sample)
- Primary geography
- South Dakota (85% 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 Edward L Schwab Memorial Foundation
- Review Cycle
- 180 days after publication notice.
- Deadline
- 180 days after publication notice.
- Contact
Application contact: Cassie Backman Dacotah Bank
Mailing address: PO Box 1210, Aberdeen, SD 57402-1210
Phone: (605) 229-7122
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Edward L Schwab Memorial Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was University of South Dakota ($15K). Together the top 10 received $88K.
Organizations only. It also paid 8 individual scholarships ($190,752), which are not listed by name.
Grant Size Distribution
157 grants across all recorded years
The most common grant size was under $50K: 148 grants of 157 (94%).
Geographic Focus
Where this funder awards grants
In 2025, 85% of grant dollars went to an individual recipient recipients. The remaining reported shares went to an individual recipient (5%), Iowa (3%), Minnesota (3%), and Nebraska (1%).
Grant Distribution by State
Share of 2025 grant dollars across all 29 itemized grants.
States
Cities
Is Edward L Schwab Memorial Foundation open to new grantees?
9%
first-time grantees, 2025
In 2025, 2 of 22 grantees (9%) were first-time recipients. With only 22 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $2K; repeat grants $15K. How we count
Medians: $2K first-time, $3K repeat.
- 91% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+7%). Method
- In 2025 it paid out 36% 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 (2021–2025). 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 2021 to 2025, annual grant giving ranged from $257K (2023) to $298K (2025). In 2025 it made 29 grants totaling $298K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 8 individual scholarships Recipients not named | — | $190,752 |
| University of South Dakota Vermillion, SD | Scholarships | $15,263 |
| Mount Marty College Yankton, SD | Scholarships | $13,865 |
| Augustana University Sioux Falls, SD | Scholarships | $12,233 |
| University of Sioux Falls Sioux Falls, SD | Scholarships | $10,965 |
| Mitchell Technical Institute Mitchell, SD | Scholarships | $10,466 |
| Dakota State University Madison, SD | Scholarships | $9,333 |
| Dordt University Sioux Center, IA | Scholarships | $5,800 |
| Northern State University Aberdeen, SD | Scholarships | $4,033 |
| Dakota Wesleyan University Mitchell, SD | Scholarships | $2,900 |
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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 | $1,668,838 | $378,317 | $426,392 | $298,306 | 29 | $329,503 | $278,654 | $909,383 |
| 2024 | $1,716,913 | $383,476 | $339,889 | $262,470 | 33 | $280,166 | $326,162 | $311,164 |
| 2023 | $1,673,326 | $312,165 | $332,307 | $257,222 | 31 | $272,785 | $248,217 | $280,693 |
| 2022 | $1,693,468 | $351,250 | $355,905 | $278,905 | 30 | $295,891 | $283,059 | $279,233 |
| 2021 | $1,698,123 | $334,534 | $351,648 | $273,338 | 34 | — | $264,749 | $295,365 |
Under IRS private-foundation payout rules, Edward L Schwab Memorial Foundation reported a distributable amount of $909K 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 2025 grant purposes indicate support for scholarships, including awards made through colleges and universities. The grantees describe varied institutional missions: the University of Sioux Falls identifies itself as a Christian liberal arts university; an individual recipient State University’s foundation says it supports the university’s operating, capital, and endowment needs; and Dordt University describes its commitment to higher education from a Reformed Christian perspective.
Grantmaking
In 2025, the foundation reported 29 grants totaling $298,306. Grant amounts ranged from $1,133 to $86,993, with a median of $2,900. The largest awards included an individual recipient State University ($86,993), an individual recipient Technical College ($69,460), the University of an individual recipient ($15,263), Mount Marty College ($13,865), and Augustana University ($12,233); each was designated for scholarships.
The foundation’s 2024 filing states that it does not restrict giving to preselected organizations. It lists Cassie Backman at Dacotah Bank as the contact for the application process. Application forms are distributed in the high schools, and awards are restricted to the Henry, Willow Lake, Clark, Florance, and Hamlin County school districts.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Tom Labrie as president; Tammie Paulson and Matt Hofman as members; Barb Desnoyers as secretary/treasurer; David Moritz as vice president; and Dacotah Bank as manager.
Edward L Schwab Memorial Foundation is led by Tom Labrie, President on every filing since 2021; 1 of 6 officers listed in 2025 is compensated.
Officers on the 2025 filing
Tom Labrie
President
On filings since 2021
0.5 hrs/week
No compensation reported
Dacotah Bank
Manager
On filings since 2021
1 hr/week
$34K (2021) → $38K (2025)
Barb Desnoyers
Secretary & Treasurer
On filings since 2021
0.5 hrs/week
No compensation reported
David Moritz
Vice President
Director → Vice President, 2022
On filings since 2021
0.5 hrs/week
No compensation reported
Matt Hofman
Member
Director → Member, 2022
On filings since 2021
0.5 hrs/week
No compensation reported
Tammie Paulson
Member
On filings since 2022
0.5 hrs/week
No compensation reported
Former officers (1)
- Former: Marise Caster (2021) — Vice President
Data from IRS Form 990 filings, 2021–2025. "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 $38K, to Dacotah Bank (Manager).
Frequently asked questions about Edward L Schwab Memorial Foundation
How much does Edward L Schwab Memorial Foundation give each year?
Edward L Schwab Memorial Foundation gave $298K across 29 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $262K across 33 grants.
What is Edward L Schwab Memorial Foundation's typical grant size?
Edward L Schwab Memorial Foundation's median grant in 2025 was $2,900, and its average grant was $10,286, across 29 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Edward L Schwab Memorial Foundation that year got $2K on average.
Where does Edward L Schwab Memorial Foundation give grants?
Edward L Schwab Memorial Foundation gives mostly in South Dakota: 85% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Sioux Falls, SD (3 grants) and Mitchell, SD (2 grants).
Does Edward L Schwab Memorial Foundation give general operating support?
Not in 2025: none of the 29 grants with a stated purpose on Edward L Schwab Memorial Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (29 grants).
Who are Edward L Schwab Memorial Foundation's largest grantees?
Edward L Schwab Memorial Foundation's largest 2025 grantees include University of South Dakota ($15,263), Mount Marty College ($13,865) and Augustana University ($12,233), according to its 2025 IRS Form 990-PF. It also paid 8 individual scholarships ($190,752), which are not listed by name. Together they received 14% of its itemized 2025 grant dollars.
How large is Edward L Schwab Memorial Foundation?
Edward L Schwab Memorial Foundation reported $1.7M in total assets on its 2025 IRS Form 990-PF. It paid out $330K in qualifying distributions that year, against a required minimum of $909K (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 Edward L Schwab Memorial Foundation fund?
No mission statement for the foundation is provided. Its 2025 grant purposes indicate support for scholarships, including awards made through colleges and universities. See mission & focus areas ↑
How do I apply for a grant from Edward L Schwab Memorial Foundation?
Edward L Schwab Memorial Foundation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Edward L Schwab Memorial Foundation's EIN?
Edward L Schwab Memorial Foundation's EIN (Employer Identification Number) is 91-1770168. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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Cite this profile
Grantable. (2026). Edward L Schwab Memorial Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/edward-l-schwab-memorial-foundation-morg_32b547bb568b48d99510050954aa9c01
BibTeX
@misc{grantable_911770168_2026,
author = {{Grantable}},
title = {{Edward L Schwab Memorial Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/edward-l-schwab-memorial-foundation-morg_32b547bb568b48d99510050954aa9c01},
note = {Accessed 2026-10-11. 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 Edward L Schwab Memorial 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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