Grace Schulte Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILWAUKEE, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 3 grants totaling $81K. Net investment income was $104K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
+1.0% YoY
Annual Giving
$81K
-2.8% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$27K
-2.8% YoY
Under IRS private-foundation payout rules, Grace Schulte Foundation reported a distributable amount of $85K for 2024 — the minimum it must pay out in qualifying distributions.
About Grace Schulte Foundation
Based on IRS filings
Grace Schulte Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILWAUKEE, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 3 grants totaling $81K. Net investment income was $104K.
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 | $1,544,938 | $1,529,674 | $1,482,561 |
| Revenue | $129,288 | $157,602 | $70,150 |
| Expenses | $113,979 | $110,490 | $137,994 |
| Qualifying Distributions | $85,368 | $87,490 | $110,456 |
| Net Investment Income | $103,593 | $133,584 | $44,889 |
| Distributable Amount | $84,951 | $78,421 | $78,607 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Creighton University ($40,557), Duchesne Academy of the Sacred Heart ($20,279), Children's Hospital Foundation ($20,279).
| Recipient | Purpose | Amount |
|---|---|---|
| CREIGHTON UNIVERSITY OMAHA, NE | GENERAL OPERATING | $40,557 |
| DUCHESNE ACADEMY OF THE SACRED HEART OMAHA, NE | GENERAL OPERATING | $20,279 |
| CHILDREN'S HOSPITAL FOUNDATION OMAHA, NE | GENERAL OPERATING | $20,279 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| US BANK NA | CORP. TRUSTEE | 1 | $27,531 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Grace Schulte Foundation?
Grace Schulte Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILWAUKEE, WI. It holds $1.5M in total assets as of 2024.
How large is Grace Schulte Foundation?
As of 2024, Grace Schulte Foundation holds $1.5M in total assets with $129K in annual revenue. It awarded 3 grants totaling $81K in 2024.
Where does Grace Schulte Foundation operate?
Grace Schulte Foundation has awarded grants in Nebraska.
What size grants does Grace Schulte Foundation award?
In 2024, Grace Schulte Foundation awarded 3 grants totaling $81K — an average of about $27K per grant, based on its IRS Form 990 filings.
How much is Grace Schulte Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Grace Schulte Foundation reported a distributable amount of $85K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Grace Schulte Foundation's EIN?
Grace Schulte Foundation's EIN (Employer Identification Number) is 47-6199193. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Grace Schulte Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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