K-Ed Foundation
K-Ed Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Frisco, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $12.6M in total assets. In 2024, it awarded 19 grants totaling $4.4M. Net investment income was $1.5M.
Key facts about K-Ed Foundation
- EIN
- 87-2127462
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $4,409,306
- Grants made (2024)
- 19
- Average grant
- $232,069
- Median grant
- $25,000
- Total assets
- $12,592,577
- Primary geography
- Missouri (52% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who K-Ed Foundation funds
By grant dollars, the top recipient states for K-Ed Foundation's 19 itemized 2024 grants were Missouri (52%), Texas (14%) and California (13%). The most frequent recipient cities were Roswell, NM (5 grants) and Springfield, MO (2 grants). None of its 19 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Contribution to 501(C)3 Nonprofit" (19 grants).
How K-Ed Foundation gives
- 26% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out 566% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with K-Ed Foundation
- How to evaluate K-Ed Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.6M
-18.9% YoY
Annual Giving
$4.4M
+145.2% YoY
Grant Count
19
+171.4% YoY
Avg Grant Size
$232K
-9.7% YoY
Under IRS private-foundation payout rules, K-Ed Foundation reported a distributable amount of $779K for 2024 — the minimum it must pay out in qualifying distributions.
About K-Ed Foundation
Based on IRS filings
K-Ed Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Frisco, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $12.6M in total assets. In 2024, it awarded 19 grants totaling $4.4M. Net investment income was $1.5M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 19 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,592,577 | $15,523,924 | $16,753,254 |
| Revenue | $1,542,036 | $650,032 | $-79,724 |
| Expenses | $4,473,383 | $1,879,362 | $2,025,671 |
| Qualifying Distributions | $4,409,306 | $1,798,500 | $2,000,000 |
| Net Investment Income | $1,542,036 | $569,170 | $187,677 |
| Distributable Amount | $779,141 | $786,115 | $1,455,440 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Convoy of Hope ($2,300,000), K-Love Radio Network ($520,000), Discovering Power & Purpose Inc ($422,194).
| Recipient | Purpose | Amount |
|---|---|---|
| CONVOY OF HOPE Springfield, MO | CHARITABLE CONTRIBUTION TO 501(C)3 NONPROFIT | $2,300,000 |
| K-LOVE RADIO NETWORK Rocklin, CA | CHARITABLE CONTRIBUTION TO 501(C)3 NONPROFIT | $520,000 |
| DISCOVERING POWER & PURPOSE INC Anna, TX | CHARITABLE CONTRIBUTION TO 501(C)3 NONPROFIT | $422,194 |
| ADULT & TEEN CHALLENGE OF NM Columbus, GA | CHARITABLE CONTRIBUTION TO 501(C)3 NONPROFIT | $350,000 |
| REDEEMED FOUNDATION Fremont, MI | CHARITABLE CONTRIBUTION TO 501(C)3 NONPROFIT | $320,000 |
| VINE MINISTRIES Plano, TX | CHARITABLE CONTRIBUTION TO 501(C)3 NONPROFIT | $172,750 |
| WAYMAKER CHURCH Roswell, NM | CHARITABLE CONTRIBUTION TO 501(C)3 NONPROFIT | $100,000 |
| CRU Orlando, FL | CHARITABLE CONTRIBUTION TO 501(C)3 NONPROFIT | $42,300 |
| THE SALVATION ARMY City of Industry, CA | CHARITABLE CONTRIBUTION TO 501(C)3 NONPROFIT | $33,000 |
| ROSWELL COMMUNITY LITTLE THEATRE Roswell, NM | CHARITABLE CONTRIBUTION TO 501(C)3 NONPROFIT | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Morris E Schertz | President | — | — |
| Holly K Schertz | Treasurer | — | — |
| Keenan C Schertz | Vice President | — | — |
| Cayle a Schertz | Secretary | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is K-Ed Foundation?
K-Ed Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Frisco, TX. It holds $12.6M in total assets as of 2024.
How large is K-Ed Foundation?
As of 2024, K-Ed Foundation holds $12.6M in total assets with $1.5M in annual revenue. It awarded 19 grants totaling $4.4M in 2024.
Where does K-Ed Foundation operate?
K-Ed Foundation has awarded grants in California, Florida, Georgia, Michigan, Missouri, Nebraska, New Mexico, Oklahoma, Tennessee, Texas.
What size grants does K-Ed Foundation award?
In 2024, K-Ed Foundation awarded 19 grants totaling $4.4M — an average of about $232K per grant, based on its IRS Form 990 filings.
How much is K-Ed Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, K-Ed Foundation reported a distributable amount of $779K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is K-Ed Foundation's EIN?
K-Ed Foundation's EIN (Employer Identification Number) is 87-2127462. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.