George & Agnes Schael Trust Fund
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.
George & Agnes Schael Trust Fund at a glance
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.
- Annual giving (2023)
- $201,727
- +1581.1% vs 2022
- Grants made (2023)
- 1
- +0.0% vs 2022
- Average grant
- $201,727
- +1581.1% vs 2022
- Median grant
- $201,727
- Primary geography
- Illinois (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who George & Agnes Schael Trust Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2023
The largest 2023 recipient was University of Chicago ($202K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2023 grant dollars on its one itemized grant.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $8K (2019) to $202K (2023). In 2023 it made 1 grant totaling $202K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Chicago Chicago, IL | Project/Program Support | $201,727 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $24,924 | $217,358 | $201,727 | 1 | $208,334 | $16,041 | $9,440 |
| 2022 | $192,583 | $14,849 | $16,006 | $12,000 | 1 | $12,000 | $11,128 | $11,027 |
| 2021 | $193,739 | $15,731 | $14,100 | $10,500 | 1 | — | $12,101 | $10,843 |
| 2019 | $198,876 | $24,404 | $13,105 | $8,450 | 1 | — | $20,249 | $9,460 |
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.
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
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.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 29, 2019)
- IRS filings on file for fiscal years 2019–2023
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