Fritts Charles & Margaret Schol
Fritts Charles & Margaret Schol is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $864K in total assets. In 2024, it awarded 13 grants totaling $32K. Net investment income was $45K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$864K
+0.5% YoY
Annual Giving
$32K
-21.1% YoY
Grant Count
13
+44.4% YoY
Avg Grant Size
$2K
-45.3% YoY
Under IRS private-foundation payout rules, Fritts Charles & Margaret Schol reported a distributable amount of $53K for 2024 — the minimum it must pay out in qualifying distributions.
About Fritts Charles & Margaret Schol
Based on IRS filings
Fritts Charles & Margaret Schol is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $864K in total assets. In 2024, it awarded 13 grants totaling $32K. Net investment income was $45K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $864,479 | $860,528 | $885,351 |
| Revenue | $53,363 | $34,338 | $7,269 |
| Expenses | $51,395 | $63,810 | $61,274 |
| Qualifying Distributions | $43,067 | $58,023 | $52,921 |
| Net Investment Income | $45,437 | $27,412 | $14,038 |
| Distributable Amount | $52,793 | $49,561 | $51,658 |
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 2024
Grant Size Distribution
49 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Maggie Beach ($3,000), Erin Bienio ($3,000), Carly Fry ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MAGGIE BEACH PITTSBURGH, PA | SCHOLARSHIP | $3,000 |
| ERIN BIENIO PITTSBURGH, PA | SCHOLARSHIP | $3,000 |
| MALLORY CLELAND PITTSBUGRH, PA | SCHOLARSHIP | $1,548 |
| CARLY FRY PITTSBURGH, PA | SCHOLARSHIP | $3,000 |
| AUDREY HERMAN PITTSBURGH, PA | SCHOLARSHIP | $3,000 |
| ALANA JACKSON PITTSBURGH, PA | SCHOLARSHIP | $3,000 |
| DAMIAN KINNEY PITTSBURGH, PA | SCHOLARSHIP | $3,000 |
| NOLAN RUOT PITTSBURGH, PA | SCHOLARSHIP | $1,548 |
| CAMERON RUST PITTSBURGH, PA | SCHOLARSHIP | $1,548 |
| LILY SOUTHWICK PITTSBURGH, PA | SCHOLARSHIP | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PNC BANK N A | TRUSTEE | 3 | $12,355 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Fritts Charles & Margaret Schol?
Fritts Charles & Margaret Schol is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PITTSBURGH, PA. It holds $864K in total assets as of 2024.
How large is Fritts Charles & Margaret Schol?
As of 2024, Fritts Charles & Margaret Schol holds $864K in total assets with $53K in annual revenue. It awarded 13 grants totaling $32K in 2024.
Where does Fritts Charles & Margaret Schol operate?
Fritts Charles & Margaret Schol has awarded grants in Pennsylvania.
What size grants does Fritts Charles & Margaret Schol award?
In 2024, Fritts Charles & Margaret Schol awarded 13 grants totaling $32K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Fritts Charles & Margaret Schol required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fritts Charles & Margaret Schol reported a distributable amount of $53K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Fritts Charles & Margaret Schol's EIN?
Fritts Charles & Margaret Schol's EIN (Employer Identification Number) is 20-6052070. 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.
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