Hutch Schumaker Family Foundation Inc
Hutch Schumaker Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLUMBUS, IN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 7 grants totaling $46K. Net investment income was $59K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+0.8% YoY
Annual Giving
$46K
-27.6% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$7K
-27.6% YoY
Under IRS private-foundation payout rules, Hutch Schumaker Family Foundation Inc reported a distributable amount of $80K for 2024 — the minimum it must pay out in qualifying distributions.
About Hutch Schumaker Family Foundation Inc
Based on IRS filings
Hutch Schumaker Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLUMBUS, IN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 7 grants totaling $46K. Net investment income was $59K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,588,169 | $1,575,269 | $640,332 |
| Revenue | $68,742 | $1,006,810 | $500,706 |
| Expenses | $55,842 | $71,873 | $11,476 |
| Qualifying Distributions | $46,350 | $64,000 | $9,000 |
| Net Investment Income | $59,412 | $20,286 | $450 |
| Distributable Amount | $80,185 | $79,690 | $9,322 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Heritage Fund ($21,000), Landmark Columbus Foundation ($15,000), Brown County Art Guild ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HERITAGE FUND COLUMBUS, IN | CHARITABLE | $21,000 |
| MAYO CLINIC ROCHESTER, MN | CHARITABLE | $1,000 |
| IVY TECH FOUNDATION INDIANAPOLIS, IN | CHARITABLE | $1,500 |
| EITELJORG MUSEUM INDIANAPOLIS, IN | CHARITABLE | $2,500 |
| BROWN COUNTY ART GUILD NASHVILLE, IN | CHARITABLE | $5,000 |
| LANDMARK COLUMBUS FOUNDATION COLUMBUS, IN | CHARITABLE | $15,000 |
| COLUMBUS FIREMEN'S CHEER FUND COLUMBUS, IN | CHARITABLE | $350 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALBERT H SCHUMAKER II | PRESIDENT/TREASURER | 1 | — |
| KEVINA A SCHUMAKER | VICE PRESIDENT/SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hutch Schumaker Family Foundation Inc?
Hutch Schumaker Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLUMBUS, IN. It holds $1.6M in total assets as of 2024.
How large is Hutch Schumaker Family Foundation Inc?
As of 2024, Hutch Schumaker Family Foundation Inc holds $1.6M in total assets with $69K in annual revenue. It awarded 7 grants totaling $46K in 2024.
Where does Hutch Schumaker Family Foundation Inc operate?
Hutch Schumaker Family Foundation Inc has awarded grants in Indiana, Minnesota.
What size grants does Hutch Schumaker Family Foundation Inc award?
In 2024, Hutch Schumaker Family Foundation Inc awarded 7 grants totaling $46K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Hutch Schumaker Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hutch Schumaker Family Foundation Inc reported a distributable amount of $80K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hutch Schumaker Family Foundation Inc's EIN?
Hutch Schumaker Family Foundation Inc's EIN (Employer Identification Number) is 35-2121142. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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