Ernie P Schwartz Foundation
Ernie P Schwartz Foundation is a private foundation, based in Cedar Rapids, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $228K in total assets. In 2025, it awarded 3 grants totaling $14K. Net investment income was $19K.
Ernie P Schwartz Foundation at a glance
In short: Ernie P Schwartz Foundation gave $14K across 3 grants in 2025 (avg $5K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $14,000
- +64.7% vs 2024
- Grants made (2025)
- 3
- +50.0% vs 2024
- Average grant
- $4,667
- +9.8% vs 2024
- Median grant
- $5,000
- Total assets
- $228,103
- +1.0% vs 2024
- Primary geography
- Iowa (71% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Ernie P Schwartz Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Ui Service Center ($5K). Together the top 2 received $10K.
Organizations only. It also paid 1 individual scholarship ($4,000), which are not listed by name.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Ernie P Schwartz Foundation gives
- Giving held roughly steady from 2022 to 2025 (−12%). Method
- In 2025 it paid out 119% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $7K (2019) to $16K (2022). In 2025 it made 3 grants totaling $14K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ui Service Center Iowa City, IA | Scholarship | $5,000 |
| University of Northern Iowa Cedar Falls, IA | Scholarship | $5,000 |
| 1 individual scholarship Recipients not named | — | $4,000 |
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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 | $228,103 | $20,068 | $17,768 | $14,000 | 3 | $16,342 | $18,642 | $13,683 |
| 2024 | $225,803 | $15,300 | $11,874 | $8,500 | 2 | $10,712 | $14,138 | $12,970 |
| 2023 | $222,377 | $8,255 | $11,515 | $8,300 | 2 | $10,418 | $7,158 | $12,245 |
| 2022 | $225,637 | $11,931 | $19,844 | $16,000 | 3 | $18,231 | $10,318 | $13,476 |
| 2021 | $233,550 | $20,017 | $12,372 | $8,879 | 2 | — | $18,758 | $13,981 |
| 2019 | $229,324 | $7,912 | $10,445 | $6,897 | 2 | — | $6,787 | $12,439 |
Under IRS private-foundation payout rules, Ernie P Schwartz Foundation reported a distributable amount of $14K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ernie P Schwartz Foundation's only listed officer is Bankiowa, Trust Officer on every filing since 2019 (uncompensated).
Officers on the 2025 filing
Bankiowa
Trust Officer
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Ernie P Schwartz Foundation
How much does Ernie P Schwartz Foundation give each year?
Ernie P Schwartz Foundation gave $14K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $9K across 2 grants.
What is Ernie P Schwartz Foundation's typical grant size?
Ernie P Schwartz Foundation's median grant in 2025 was $5,000, and its average grant was $4,667, across 3 grants on its 2025 IRS Form 990-PF.
Where does Ernie P Schwartz Foundation give grants?
Ernie P Schwartz Foundation gives mostly in Iowa: 71% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Missouri (29%).
Does Ernie P Schwartz Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Ernie P Schwartz Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (3 grants).
How large is Ernie P Schwartz Foundation?
Ernie P Schwartz Foundation reported $228K in total assets on its 2025 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $14K (roughly 5% of its investment assets).
What is Ernie P Schwartz Foundation's EIN?
Ernie P Schwartz Foundation's EIN (Employer Identification Number) is 42-6277194. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS January 10, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 4, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 19, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 15, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS October 28, 2025)
- IRS filings on file for fiscal years 2019–2025
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