Karl and Karen Schmidt Family Foundation Inc
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.
Karl and Karen Schmidt Family Foundation Inc at a glance
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.
- Annual giving (2024)
- $69,250
- -76.8% vs 2023
- Grants made (2024)
- 8
- -11.1% vs 2023
- Average grant
- $8,656
- -74.0% vs 2023
- Median grant
- $2,500
- Total assets
- $2,847,633
- +18.1% vs 2023
- Primary geography
- Wisconsin (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Karl and Karen Schmidt Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Spring Lake Church ($41K). Together the top 8 received $69K.
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 42 grants of 45 (93%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $52K (2022) to $299K (2023). In 2024 it made 8 grants totaling $69K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Spring Lake Church Green Bay, WI | General Church Expenses and Capital Project | $41,000 |
| Green Bay Botanical Garden Green Bay, WI | Annual Campaign - Where Needed Most | $10,000 |
| St Paul San Pablo Lutheran Church School Green Bay, WI | Built on the Rock Building Project | $10,000 |
| Aspiro Inc Green Bay, WI | Disability Services | $2,500 |
| Crisis Cafe Green Bay, WI | Meal Services for Those in Crisis | $2,500 |
| Fox Valley Lutheran High School Appleton, WI | Girls Cheer Program | $2,000 |
| PEO International Des Moines, IA | Chapter N Donation | $1,000 |
| Evans Scholarship Foundation Glenview, IL | Scholarships for Golf Caddies | $250 |
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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 | $2,847,633 | $645,777 | $85,088 | $69,250 | 8 | $71,058 | $124,313 | $150,668 |
| 2023 | $2,410,399 | $362,861 | $312,112 | $299,100 | 9 | $300,901 | $157,705 | $131,422 |
| 2022 | $2,503,394 | $75,334 | $77,578 | $51,750 | 5 | $53,561 | $65,380 | $124,625 |
| 2021 | $2,506,121 | $1,188,762 | $190,817 | $178,000 | 9 | $179,609 | $680,390 | $126,182 |
| 2020 | $1,785,787 | $107,465 | $136,952 | $114,625 | 14 | — | $97,912 | $93,460 |
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.
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.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 31, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 29, 2025)
- IRS filings on file for fiscal years 2020–2024
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