James M Schoonmaker Ii Foundation
The James M Schoonmaker II Foundation is a private foundation based in Chicago, Illinois, established in 1992. The foundation operates as a 501(c)(3) organization with a primary focus on fostering the development of national and international competition in the sports of sailing and yachting, while also supporting healthcare and other charitable initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$160.9M
-1.5% YoY
Annual Giving
$7.8M
+22.1% YoY
Grant Count
26
+13.0% YoY
Avg Grant Size
$301K
+8.0% YoY
Under IRS private-foundation payout rules, James M Schoonmaker Ii Foundation reported a distributable amount of $8.8M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's stated purpose is fostering the development of national or international competition in the sports of sailing and yachting. Beyond this core mission, the foundation also prioritizes:
- Healthcare and medical advancement
- Education
- Philanthropy and voluntarism
- Human services
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is concentrated in:
- Florida
- Rhode Island
- Pennsylvania
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (2024):
- Total assets: $160,902,605
- Total giving: $7,813,000
- Total revenues: $5,785,166
- Total expenses: $8,406,708
- Giving rate: 4.9% of assets
- Number of employees: 1
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $160,902,605 | $163,359,868 | $171,513,537 |
| Revenue | $5,785,166 | $-857,206 | $46,954,038 |
| Expenses | $8,406,708 | $7,281,673 | $1,577,242 |
| Qualifying Distributions | $8,023,591 | $6,583,522 | $1,353,252 |
| Net Investment Income | $5,370,495 | $3,491,038 | $19,530,406 |
| Distributable Amount | $8,776,222 | $8,008,593 | $7,344,688 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
105 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bella Mente Quantum Racing Association ($4,250,000), National Sailing Hall of ($1,000,000), Nch Healthcare System ($1,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| US SAILING CENTER INC MIAMI, FL | GENERAL SUPPORT | $226,000 |
| HUMANE SOCIETY OF NAPLES NAPLES, FL | GENERAL SUPPORT | $50,000 |
| NAPLES BOTANICAL GARDEN NAPLES, FL | GENERAL SUPPORT | $25,000 |
| VMI FOUNDATION INC LEXINGTON, VA | GENERAL SUPPORT | $2,000 |
| NCH HEALTHCARE FDN NAPLES, FL | GENERAL SUPPORT | $30,000 |
| KAPPA KAPPA GAMMA DUBLIN, OH | GENERAL SUPPORT | $2,000 |
| MYSTIC SEAPORT MYSTIC, CT | GENERAL SUPPORT | $30,000 |
| NATIONAL SAILING HALL OF ANNAPOLIS, MD | GENERAL SUPPORT | $1,000,000 |
| HERRESHOFF MARINE MUSEUM BRISTOL, RI | GENERAL SUPPORT | $10,000 |
| NEIGHBORHOOD HEALTH CLINIC NAPLES, FL | GENERAL SUPPORT | $202,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Treecie Schoonmaker — Chairman of the James M Schoonmaker II Foundation
Northern Trust Company — Senior Vice President (compensation: $247,696 as of 2025)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THE NORTHERN TRUST COMPANY | TRUSTEE | 40 | $247,696 |
| PATRICE H SCHOONMAKER | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
In November 2024, the James M Schoonmaker II Foundation announced a $5 million gift to the NCH Rooney Heart Institute in Naples, Florida. The donation supports the expansion of cardiac-care services and will directly fund construction of the R.M. Schulze Family Heart and Stroke Critical Care Center on the NCH Downtown Baker Campus. This represents a continuation of the foundation's longstanding partnership with NCH Healthcare System, which has previously included support for physician conference room naming and orthopedic care expansion. The $265 million facility is being funded almost entirely by philanthropy and is expected to break ground in February 2025 with an anticipated opening in 2027.
Schoonmaker Foundation Donates $5 Million To NCH Rooney Heart Institute |Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does James M Schoonmaker Ii Foundation fund?
The foundation's stated purpose is fostering the development of national or international competition in the sports of sailing and yachting. Beyond this core mission, the foundation also prioritizes: • Healthcare and medical advancement • Education • Philanthropy and voluntarism • Human services
How do I apply for a grant from James M Schoonmaker Ii Foundation?
**Grant Characteristics:** • Typical award range: $1,000 to $4,250,000 • Median grant amount: $30,000 • Annual giving: $7,813,000 (2024) • Number of grants: 26 grants in 2024 **Application Process:** The foundation does not accept unsolicited applications and operates on an invite-only basis. **Recent Grants (2024):** • Bella Mente Quantum Racing Association: $4,250,000 (General Support) • NCH Healthcare System: $1,000,000 (General Support) • The Great Lakes Historical Society: $300,000 (Genera…
Where does James M Schoonmaker Ii Foundation make grants?
The foundation's grantmaking is concentrated in: • Florida • Rhode Island • Pennsylvania
What size grants does James M Schoonmaker Ii Foundation award?
In 2024, James M Schoonmaker Ii Foundation awarded 26 grants totaling $7.8M — an average of about $301K per grant, based on its IRS Form 990 filings.
How much is James M Schoonmaker Ii Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, James M Schoonmaker Ii Foundation reported a distributable amount of $8.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is James M Schoonmaker Ii Foundation's EIN?
James M Schoonmaker Ii Foundation's EIN (Employer Identification Number) is 59-6964359. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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