Kate W Schultz Trust XXX-XX-XXXX
Kate W Schultz Trust XXX-XX-XXXX is a private foundation focused on Education, based in Evansville, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $234K in total assets. In 2025, it awarded 6 grants totaling $8K. Net investment income was $15K.
Kate W Schultz Trust XXX-XX-XXXX at a glance
In short: Kate W Schultz Trust XXX-XX-XXXX gave $8K across 6 grants in 2025 (avg $1K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $8,000
- -11.1% vs 2024
- Grants made (2025)
- 6
- +20.0% vs 2024
- Average grant
- $1,333
- -25.9% vs 2024
- Median grant
- $1,000
- Total assets
- $234,490
- -0.3% vs 2024
- Primary geography
- Indiana (88% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Kate W Schultz Trust XXX-XX-XXXX funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was University of Southern Indiana ($2K). Together the top 6 received $8K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 23 grants of 23 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
How Kate W Schultz Trust XXX-XX-XXXX gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 106% of its IRS minimum distribution (the 5% rule). 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 2025, annual grant giving ranged from $5K (2021) to $20K (2020). In 2025 it made 6 grants totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Southern Indiana Evansville, IN | Scholarships | $2,000 |
| Purdue University West Lafayette, IN | Scholarships | $2,000 |
| University of Evansville Evansville, IN | Scholarships | $1,000 |
| Trine University Angola, IN | Scholarships | $1,000 |
| University of Notre Dame Notre Dame, IN | Scholarships | $1,000 |
| Murray State University Murray, KY | Scholarships | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $234,490 | $15,581 | $16,060 | $8,000 | 6 | $15,013 | $14,784 | $14,173 |
| 2024 | $235,131 | $18,504 | $16,851 | $9,000 | 5 | $15,563 | $17,597 | $13,333 |
| 2023 | $233,486 | $25,562 | $15,575 | $9,000 | 6 | $14,965 | $24,830 | $11,830 |
| 2022 | $223,518 | $11,171 | $14,897 | $8,000 | 4 | $13,737 | $10,551 | $12,281 |
| 2021 | $227,243 | $30,509 | $11,567 | $5,000 | 2 | $10,920 | $29,862 | $13,705 |
| 2020 | $208,301 | $20,920 | $30,260 | $20,000 | 3 | — | $20,334 | $12,535 |
Under IRS private-foundation payout rules, Kate W Schultz Trust XXX-XX-XXXX reported a distributable amount of $14K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Kate W Schultz Trust XXX-XX-XXXX's only listed officer is OLD National Wealth Management, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
OLD National Wealth Management
Trustee
On filings since 2020
1 hr/week
$3K (2020) → $4K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $4K, to Old National Wealth Management (Trustee).
Frequently asked questions about Kate W Schultz Trust XXX-XX-XXXX
How much does Kate W Schultz Trust XXX-XX-XXXX give each year?
Kate W Schultz Trust XXX-XX-XXXX gave $8K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $9K across 5 grants.
What is Kate W Schultz Trust XXX-XX-XXXX's typical grant size?
Kate W Schultz Trust XXX-XX-XXXX's median grant in 2025 was $1,000, and its average grant was $1,333, across 6 grants on its 2025 IRS Form 990-PF.
Where does Kate W Schultz Trust XXX-XX-XXXX give grants?
Kate W Schultz Trust XXX-XX-XXXX gives mostly in Indiana: 88% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Kentucky (13%). The most frequent recipient cities were Evansville, IN (2 grants).
Does Kate W Schultz Trust XXX-XX-XXXX give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Kate W Schultz Trust XXX-XX-XXXX's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (6 grants).
Who are Kate W Schultz Trust XXX-XX-XXXX's largest grantees?
Kate W Schultz Trust XXX-XX-XXXX's largest 2025 grantees include University of Southern Indiana ($2,000), Purdue University ($2,000) and University of Evansville ($1,000), according to its 2025 IRS Form 990-PF. Together they received 63% of its itemized 2025 grant dollars.
How large is Kate W Schultz Trust XXX-XX-XXXX?
Kate W Schultz Trust XXX-XX-XXXX reported $234K in total assets on its 2025 IRS Form 990-PF. It paid out $15K in qualifying distributions that year, against a required minimum of $14K (roughly 5% of its investment assets).
What is Kate W Schultz Trust XXX-XX-XXXX?
Kate W Schultz Trust XXX-XX-XXXX is a private foundation focused on Education, based in Evansville, IN. It holds $234K in total assets as of 2025.
What is Kate W Schultz Trust XXX-XX-XXXX's EIN?
Kate W Schultz Trust XXX-XX-XXXX's EIN (Employer Identification Number) is 35-6024699. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 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 April 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 27, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 23, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 24, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
Explore Open Grants
Browse active grant opportunities in Kate W Schultz Trust XXX-XX-XXXX's focus areas in our free grants database
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