L&m Schutte Charitable Trust is a private foundation focused on Human Services, based in QUINCY, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $390K in total assets. In 2024, it awarded 6 grants totaling $23K. Net investment income was $38K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$390K
+3.5% YoY
Annual Giving
$23K
-5.1% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$4K
-5.1% YoY
Under IRS private-foundation payout rules, L&m Schutte Charitable Trust reported a distributable amount of $27K for 2024 — the minimum it must pay out in qualifying distributions.
About L&m Schutte Charitable Trust
Based on IRS filings
L&m Schutte Charitable Trust is a private foundation focused on Human Services, based in QUINCY, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $390K in total assets. In 2024, it awarded 6 grants totaling $23K. Net investment income was $38K.
Focus Areas
Ready to take the next step with L&m Schutte Charitable Trust?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $389,783 | $376,652 | $382,938 |
| Revenue | $42,785 | $23,711 | $25,858 |
| Expenses | $29,654 | $29,997 | $31,168 |
| Qualifying Distributions | $24,648 | $25,664 | $26,865 |
| Net Investment Income | $38,068 | $19,697 | $21,896 |
| Distributable Amount | $26,813 | $24,411 | $25,649 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Red Cross Adams County ($3,849), Quincy Family Ymca ($3,849), Good Samaritan Home ($3,849).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS ADAMS COUNTY QUINCY, IL | CHARITABLE | $3,849 |
| QUINCY FAMILY YMCA QUINCY, IL | CHARITABLE | $3,849 |
| GOOD SAMARITAN HOME QUINCY, IL | CHARITABLE | $3,849 |
| SALEM EVANGELICAL CHURCH QUINCY, IL | RELIGIOUS | $3,848 |
| SHRINERS HOSPITAL FOR CHILDREN ST LOUIS, MO | CHARITABLE | $3,848 |
| THE SALVATION ARMY QUINCY, IL | CHARITABLE | $3,848 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STATE STREET BANK AND TRUST CO | TRUSTEE | 4 | $5,381 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is L&m Schutte Charitable Trust?
L&m Schutte Charitable Trust is a private foundation focused on Human Services, based in QUINCY, IL. It holds $390K in total assets as of 2024.
How large is L&m Schutte Charitable Trust?
As of 2024, L&m Schutte Charitable Trust holds $390K in total assets with $43K in annual revenue. It awarded 6 grants totaling $23K in 2024.
Where does L&m Schutte Charitable Trust operate?
L&m Schutte Charitable Trust has awarded grants in Illinois, Missouri.
What size grants does L&m Schutte Charitable Trust award?
In 2024, L&m Schutte Charitable Trust awarded 6 grants totaling $23K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is L&m Schutte Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, L&m Schutte Charitable Trust reported a distributable amount of $27K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is L&m Schutte Charitable Trust's EIN?
L&m Schutte Charitable Trust's EIN (Employer Identification Number) is 37-6348238. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in L&m Schutte Charitable Trust's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
First Interstate BancSystem Foundation
BILLINGS, MT
Assets
$20.3M
Grants
758
Total Given
$4.8M
Enterprise Holdings Foundation
SAINT LOUIS, MO
Assets
—
Grants
9,499
Total Given
$73.1M
Community Foundation for Palm Beach and
WEST PALM BEACH, FL
Assets
$269.8M
Grants
377
Total Given
$21.4M
Harold & Ruth Stretch Memorial Trust
TERRE HAUTE, IN
Assets
$1.7M
Grants
10
Total Given
$103K
Bmi-rupp Foundation
RIDGEFIELD, NJ
Assets
$8.8M
Grants
31
Total Given
$724K
The Buccino Foundation
NAPLES, FL
Assets
—
Grants
1
Total Given
$102K
Fibushendricks Family Foundation
NILES, OH
Assets
$24.1M
Grants
34
Total Given
$1.0M
Vyuha Inc
MIAMI BEACH, FL
Assets
$13.7M
Grants
460
Total Given
$1.1M
We Share A Common Thread Foundation Inc
LOWELL, MA
Assets
—
Grants
1
Total Given
$374K
Dowd Foundation Inc
CHARLOTTE, NC
Assets
$79.6M
Grants
162
Total Given
$4.4M
The Rosenfeld Rumford Steckler Family
CHEVY CHASE, MD
Assets
$4.3M
Grants
79
Total Given
$288K
T Foundation
HONOLULU, HI
Assets
$673K
Grants
45
Total Given
$139K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with L&m Schutte Charitable Trust on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching L&m Schutte Charitable Trust to a real strategy.