L&M Schutte Charitable Trust

Foundation · Grantmaker Quincy, IL EIN: 37-6348238

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.

Key facts about L&M Schutte Charitable Trust

EIN: 37-6348238
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $23,091
Grants made (2024): 6
Average grant: $3,849
Median grant: $3,849
Total assets: $389,783
Primary geography: Illinois (83% of itemized 2024 grant dollars)

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

Who L&M Schutte Charitable Trust funds

By grant dollars, the top recipient states for L&M Schutte Charitable Trust's 6 itemized 2024 grants were Illinois (83%) and Missouri (17%). The most frequent recipient cities were Quincy, IL (5 grants). None of its 6 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (5 grants).

How L&M Schutte Charitable Trust gives

Giving held roughly steady from 2021 to 2024 (+5%). Method
In 2024 it paid out 92% 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.

Next steps with L&M Schutte Charitable Trust

How to evaluate L&M Schutte Charitable Trust as a funder
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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$390K

+3.5% YoY

Annual Giving

$23K

-5.1% YoY

Grant Count

+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

Focus Areas

Human Services

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Illinois $19K (83%)

Missouri $4K (17%)

Share of all 6 itemized 2024 grant dollars.

States

Illinois Missouri

Cities

QuincySt Louis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

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 recipients 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

Name	Title	Hours	Compensation
State Street Bank and Trust CO	Trustee	4	$5,381

Subject Areas

Focus areas based on grantmaking activity

Human Services

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.