George & Agnes Schael Trust Fund

Private foundation · Grantmaker Cincinnati, OH EIN: 35-6383161

George & Agnes Schael Trust Fund is a private foundation, based in Cincinnati, OH. IRS filing data is available from 2019 through 2023. In 2023, it awarded 1 grant totaling $202K. Net investment income was $16K.

Key facts about George & Agnes Schael Trust Fund

In short: George & Agnes Schael Trust Fund gave $202K across 1 grant in 2023 (avg $202K), mostly in Illinois. Source: 2023 IRS Form 990-PF.

EIN
35-6383161
Latest 990 filing
Form 990-PF, 2023
Annual giving (2023)
$201,727
Grants made (2023)
1
Average grant
$201,727
Median grant
$201,727
Primary geography
Illinois (100% of itemized 2023 grant dollars)

Data from IRS Form 990-PF, 2023; updated September 2026.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$202K

+1581.1% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$202K

+1581.1% YoY

Under IRS private-foundation payout rules, George & Agnes Schael Trust Fund reported a distributable amount of $9K for 2023 — the minimum it must pay out in qualifying distributions.

How George & Agnes Schael Trust Fund gives

  • In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2023 grant dollars on its one itemized grant.

States

Cities

Chicago

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K1 grant2019 1 grant2021 1 grant2022 1 grant2023

From 2019 to 2023, annual grant giving ranged from $8K (2019) to $202K (2023). In 2023 it made 1 grant totaling $202K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2023

University of Chicago: $202KUniversity of Chicago$202K

The largest 2023 recipient was University of Chicago ($202K).

Grant Size Distribution

4 grants across all recorded years

3<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 3 grants of 4 (75%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
University of Chicago Chicago, ILProject/Program Support$201,727

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2019 2021 2022 2023
Metric202320222021
Total Assets—$192,583$193,739
Revenue$24,924$14,849$15,731
Expenses$217,358$16,006$14,100
Qualifying Distributions$208,334$12,000—
Net Investment Income$16,041$11,128$12,101
Distributable Amount$9,440$11,027$10,843

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS August 29, 2019)
  2. IRS filings on file for fiscal years 2019–2023

Leadership & Key People

Officers and directors from IRS filings

George & Agnes Schael Trust Fund's only listed officer is Fifth Third Bank N A, Trustee on every filing since 2021 (compensated).

Officers on the 2023 filing

  • Fifth Third Bank N A

    Trustee

    On filings since 2021

    1 hr/week

    $4K (2021) → $3K (2023)

Former officers (1)
  • Former: Fifth Third Bank (2019) — Trustee

Data from IRS Form 990 filings, 2019–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2023 IRS filing

Fifth Third Bank N a — Trustee: $3KFifth Third Bank N aTrustee$3K

The highest reported compensation on the 2023 filing was $3K, to Fifth Third Bank N a (Trustee).

Frequently asked questions about George & Agnes Schael Trust Fund

How much does George & Agnes Schael Trust Fund give each year?

George & Agnes Schael Trust Fund gave $202K across 1 grant in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $12K across 1 grant.

Where does George & Agnes Schael Trust Fund operate?

George & Agnes Schael Trust Fund has awarded grants in Illinois.

How much is George & Agnes Schael Trust Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, George & Agnes Schael Trust Fund reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is George & Agnes Schael Trust Fund's EIN?

George & Agnes Schael Trust Fund's EIN (Employer Identification Number) is 35-6383161. IRS Form 990 filing data is available on this page for 2019–2023.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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