J F & W S Schoellkopf Fdn Bank of America

Foundation · Grantmaker DALLAS, TX EIN: 04-6008242

J F & W S Schoellkopf Fdn Bank of America is a private foundation, based in DALLAS, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $31.4M in total assets. In 2024, it awarded 3 grants totaling $795K. Net investment income was $900K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$31.4M

+3.5% YoY

Annual Giving

$795K

+68.4% YoY

Grant Count

3

+0.0% YoY

Avg Grant Size

$265K

+68.4% YoY

Under IRS private-foundation payout rules, J F & W S Schoellkopf Fdn Bank of America reported a distributable amount of $908K for 2024 — the minimum it must pay out in qualifying distributions.

About J F & W S Schoellkopf Fdn Bank of America

Based on IRS filings

J F & W S Schoellkopf Fdn Bank of America is a private foundation, based in DALLAS, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $31.4M in total assets. In 2024, it awarded 3 grants totaling $795K. Net investment income was $900K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

Buffalo

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$3M$4M$6M2021202220232024
Metric202420232022
Total Assets$31,419,841$30,365,518$30,740,256
Revenue$1,039,835$-333,040$5,172,240
Expenses$884,276$552,907$1,942,260
Qualifying Distributions$800,050$476,982$1,716,338
Net Investment Income$900,015$651,938$5,065,403
Distributable Amount$907,928$799,831$981,768

Giving Over Time

Total grant dollars and number of grants per year

$0$428K$856K$1M$2M3 grants20213 grants20223 grants20233 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

COMMUNITY FDN FOR GREATER$735KCITY OF STUTTGART$50KSTADVERWALTUNG KIRCHEIUM$10K

Grant Size Distribution

12 grants across all recorded years

4<$50K4$50–100K$100–250K1$250–500K2$500K–1M1$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Community Fdn for Greater ($735,067), City of Stuttgart ($50,000), Stadverwaltung Kircheium ($10,000).

RecipientPurposeAmount
STADVERWALTUNG KIRCHEIUM TO SUPPORT STADVERWALTUNK$10,000
CITY OF STUTTGART TO SUPPORT CITY OF$50,000
COMMUNITY FDN FOR GREATER BUFFALO, NYTO SUPPORT THE BUFFALO FDN$735,067

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

BANK OF AMERICATRUSTEE$42K

From 2024 filing

NameTitleHoursCompensation
BANK OF AMERICATRUSTEE1$42,332

Frequently Asked Questions

How large is J F & W S Schoellkopf Fdn Bank of America?

As of 2024, J F & W S Schoellkopf Fdn Bank of America holds $31.4M in total assets with $1.0M in annual revenue. It awarded 3 grants totaling $795K in 2024.

Where does J F & W S Schoellkopf Fdn Bank of America operate?

J F & W S Schoellkopf Fdn Bank of America has awarded grants in New York.

What size grants does J F & W S Schoellkopf Fdn Bank of America award?

In 2024, J F & W S Schoellkopf Fdn Bank of America awarded 3 grants totaling $795K — an average of about $265K per grant, based on its IRS Form 990 filings.

How much is J F & W S Schoellkopf Fdn Bank of America required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, J F & W S Schoellkopf Fdn Bank of America reported a distributable amount of $908K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is J F & W S Schoellkopf Fdn Bank of America's EIN?

J F & W S Schoellkopf Fdn Bank of America's EIN (Employer Identification Number) is 04-6008242. 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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