Hutch Schumaker Family Foundation Inc
Hutch Schumaker Family Foundation Inc is a private foundation, 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.
Hutch Schumaker Family Foundation Inc at a glance
In short: Hutch Schumaker Family Foundation Inc gave $46K across 7 grants in 2024 (avg $7K), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $46,350
- -27.6% vs 2023
- Grants made (2024)
- 7
- +0.0% vs 2023
- Average grant
- $6,621
- -27.6% vs 2023
- Median grant
- $2,500
- Total assets
- $1,588,169
- +0.8% vs 2023
- Primary geography
- Indiana (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Hutch Schumaker Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Heritage Fund ($21K). Together the top 7 received $46K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 19 grants of 20 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Hutch Schumaker Family Foundation Inc gives
- Giving grew 415% from 2021 to 2024. Method
- In 2024 it paid out 58% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2021 to 2024, annual grant giving ranged from $9K (2021) to $64K (2023). In 2024 it made 7 grants totaling $46K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Heritage Fund Columbus, IN | Charitable | $21,000 |
| Landmark Columbus Foundation Columbus, IN | Charitable | $15,000 |
| Brown County Art Guild Nashville, IN | Charitable | $5,000 |
| Eiteljorg Museum Indianapolis, IN | Charitable | $2,500 |
| Ivy Tech Foundation Indianapolis, IN | Charitable | $1,500 |
| Mayo Clinic Rochester, MN | Charitable | $1,000 |
| Columbus Firemen's Cheer Fund Columbus, IN | Charitable | $350 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,588,169 | $68,742 | $55,842 | $46,350 | 7 | $46,350 | $59,412 | $80,185 |
| 2023 | $1,575,269 | $1,006,810 | $71,873 | $64,000 | 7 | $64,000 | $20,286 | $79,690 |
| 2022 | $640,332 | $500,706 | $11,476 | $9,000 | 3 | $9,000 | $450 | $9,322 |
| 2021 | $151,102 | $19,014 | $11,579 | $9,000 | 3 | $9,000 | $15,846 | $8,396 |
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.
Leadership & Key People
Officers and directors from IRS filings
Hutch Schumaker Family Foundation Inc is led by Albert H. Schumaker II, President & Treasurer on every filing since 2021; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Albert H. Schumaker II
President & Treasurer
On filings since 2021
1 hr/week
No compensation reported
Kevina A. Schumaker
Vice President & Secretary
Vice President → Vice President & Secretary, 2024
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: John R. O'Bryan (2021–2023) — Secretary
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Hutch Schumaker Family Foundation Inc
How much does Hutch Schumaker Family Foundation Inc give each year?
Hutch Schumaker Family Foundation Inc gave $46K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $64K across 7 grants.
What is Hutch Schumaker Family Foundation Inc's typical grant size?
Hutch Schumaker Family Foundation Inc's median grant in 2024 was $2,500, and its average grant was $6,621, across 7 grants on its 2024 IRS Form 990-PF.
Where does Hutch Schumaker Family Foundation Inc give grants?
Hutch Schumaker Family Foundation Inc gives mostly in Indiana: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Columbus, IN (3 grants) and Indianapolis, IN (2 grants).
Does Hutch Schumaker Family Foundation Inc give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on Hutch Schumaker Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (7 grants).
Who are Hutch Schumaker Family Foundation Inc's largest grantees?
Hutch Schumaker Family Foundation Inc's largest 2024 grantees include Heritage Fund ($21,000), Landmark Columbus Foundation ($15,000) and Brown County Art Guild ($5,000), according to its 2024 IRS Form 990-PF. Together they received 88% of its itemized 2024 grant dollars.
How large is Hutch Schumaker Family Foundation Inc?
Hutch Schumaker Family Foundation Inc reported $1.6M in total assets on its 2024 IRS Form 990-PF. It paid out $46K in qualifying distributions that year, against a required minimum of $80K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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