Karl and Karen Schmidt Family Foundation Inc

Private foundation · Grantmaker Green Bay, WI EIN: 46-1555395

Karl and Karen Schmidt Family Foundation Inc is a private foundation, based in Green Bay, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 8 grants totaling $69K. Net investment income was $124K.

Key facts about Karl and Karen Schmidt Family Foundation Inc

In short: Karl and Karen Schmidt Family Foundation Inc gave $69K across 8 grants in 2024 (avg $9K), mostly in Wisconsin. Source: 2024 IRS Form 990-PF.

EIN
46-1555395
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$69,250
Grants made (2024)
8
Average grant
$8,656
Median grant
$2,500
Total assets
$2,847,633
Primary geography
Wisconsin (98% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.8M

+18.1% YoY

Annual Giving

$69K

-76.8% YoY

Grant Count

8

-11.1% YoY

Avg Grant Size

$9K

-74.0% YoY

Under IRS private-foundation payout rules, Karl and Karen Schmidt Family Foundation Inc reported a distributable amount of $151K for 2024 — the minimum it must pay out in qualifying distributions.

How Karl and Karen Schmidt Family Foundation Inc gives

  • Giving fell 61% from 2021 to 2024. Method
  • In 2024 it paid out 47% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

6states

Share of 2024 grant dollars across all 8 itemized grants.

Cities

Green BayGlenviewDe PereDes MoinesPrescottSister BayAppletonBonita SpringsLafayetteOrlandoSturgeon Bay

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K14 grants2020 9 grants2021 5 grants2022 9 grants2023 8 grants2024

From 2020 to 2024, annual grant giving ranged from $52K (2022) to $299K (2023). In 2024 it made 8 grants totaling $69K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Spring Lake Church: $41KSpring Lake Church$41KGreen Bay Botanical Garden: $10KGreen Bay Botanical Garden$10KSt Paul San Pablo Lutheran Church School: $10KSt Paul San Pablo LutheranChurch School$10KAspiro Inc: $3KAspiro Inc$3KCrisis Cafe: $3KCrisis Cafe$3KFox Valley Lutheran High School: $2KFox Valley Lutheran HighSchool$2KPEO International: $1KPEO International$1KEvans Scholarship Foundation: $250Evans Scholarship Foundation$250

The largest 2024 recipient was Spring Lake Church ($41K). Together the top 8 received $69K.

Grant Size Distribution

45 grants across all recorded years

42<$50K1$50–100K1$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 42 grants of 45 (93%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Spring Lake Church Green Bay, WIGeneral Church Expenses and Capital Project$41,000
Green Bay Botanical Garden Green Bay, WIAnnual Campaign - Where Needed Most$10,000
St Paul San Pablo Lutheran Church School Green Bay, WIBuilt on the Rock Building Project$10,000
Aspiro Inc Green Bay, WIDisability Services$2,500
Crisis Cafe Green Bay, WIMeal Services for Those in Crisis$2,500
Fox Valley Lutheran High School Appleton, WIGirls Cheer Program$2,000
PEO International Des Moines, IAChapter N Donation$1,000
Evans Scholarship Foundation Glenview, ILScholarships for Golf Caddies$250

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$2,847,633$2,410,399$2,503,394
Revenue$645,777$362,861$75,334
Expenses$85,088$312,112$77,578
Qualifying Distributions$71,058$300,901$53,561
Net Investment Income$124,313$157,705$65,380
Distributable Amount$150,668$131,422$124,625

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS September 29, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS August 31, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS October 29, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Karl and Karen Schmidt Family Foundation Inc is led by Karl Schmidt, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Karl Schmidt

    President

    On filings since 2020

    0.1 hrs/week

    No compensation reported

  • Karen Schmidt

    Secretary & Treasurer

    On filings since 2020

    0.1 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "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 Karl and Karen Schmidt Family Foundation Inc

How much does Karl and Karen Schmidt Family Foundation Inc give each year?

Karl and Karen Schmidt Family Foundation Inc gave $69K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $299K across 9 grants.

What is Karl and Karen Schmidt Family Foundation Inc's typical grant size?

Karl and Karen Schmidt Family Foundation Inc's median grant in 2024 was $2,500, and its average grant was $8,656, across 8 grants on its 2024 IRS Form 990-PF.

Where does Karl and Karen Schmidt Family Foundation Inc give grants?

Karl and Karen Schmidt Family Foundation Inc gives mostly in Wisconsin: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Green Bay, WI (5 grants).

Does Karl and Karen Schmidt Family Foundation Inc give general operating support?

Yes: 13% of Karl and Karen Schmidt Family Foundation Inc's 2024 grants with a stated purpose (1 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Karl and Karen Schmidt Family Foundation Inc's largest grantees?

Karl and Karen Schmidt Family Foundation Inc's largest 2024 grantees include Spring Lake Church ($41,000), Green Bay Botanical Garden ($10,000) and St Paul San Pablo Lutheran Church School ($10,000), according to its 2024 IRS Form 990-PF. Together they received 88% of its itemized 2024 grant dollars.

How large is Karl and Karen Schmidt Family Foundation Inc?

Karl and Karen Schmidt Family Foundation Inc reported $2.8M in total assets on its 2024 IRS Form 990-PF. It paid out $71K in qualifying distributions that year, against a required minimum of $151K (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 Karl and Karen Schmidt Family Foundation Inc's EIN?

Karl and Karen Schmidt Family Foundation Inc's EIN (Employer Identification Number) is 46-1555395. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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