L&M Schutte Charitable Trust
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 2025. As of 2025, the organization holds $403K in total assets. In 2025, it awarded 6 grants totaling $25K. Net investment income was $40K.
L&M Schutte Charitable Trust at a glance
In short: L&M Schutte Charitable Trust gave $25K across 6 grants in 2025 (avg $4K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $25,256
- +9.4% vs 2024
- Grants made (2025)
- 6
- +0.0% vs 2024
- Average grant
- $4,209
- +9.4% vs 2024
- Median grant
- $4,209
- Total assets
- $402,768
- +3.3% vs 2024
- Primary geography
- Illinois (83% 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 L&M Schutte Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was American Red Cross Adams County ($4K). Together the top 6 received $25K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 30 grants of 30 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How L&M Schutte Charitable Trust gives
- Giving held roughly steady from 2022 to 2025 (−1%). Method
- In 2025 it paid out 95% 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 2025, annual grant giving ranged from $22K (2020) to $26K (2022). In 2025 it made 6 grants totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Red Cross Adams County Quincy, IL | Charitable | $4,210 |
| Quincy Family YMCA Quincy, IL | Charitable | $4,210 |
| Good Samaritan Home Quincy, IL | Charitable | $4,209 |
| Salem Evangelical Church Quincy, IL | Religious | $4,209 |
| Shriners Hospital for Children St. Louis, MO | Charitable | $4,209 |
| The Salvation Army Quincy, IL | Charitable | $4,209 |
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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 | $402,768 | $45,574 | $32,589 | $25,256 | 6 | $26,949 | $40,494 | $28,344 |
| 2024 | $389,783 | $42,785 | $29,654 | $23,091 | 6 | $24,648 | $38,068 | $26,813 |
| 2023 | $376,652 | $23,711 | $29,997 | $24,344 | 6 | $25,664 | $19,697 | $24,411 |
| 2022 | $382,938 | $25,858 | $31,168 | $25,560 | 6 | $26,865 | $21,896 | $25,649 |
| 2021 | $388,248 | $27,712 | $27,846 | $21,933 | 6 | $23,337 | $23,441 | $26,964 |
| 2020 | $388,382 | $19,770 | $27,326 | $21,890 | 6 | — | $16,038 | $23,162 |
Under IRS private-foundation payout rules, L&M Schutte Charitable Trust reported a distributable amount of $28K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
L&M Schutte Charitable Trust's only listed officer is State Street Bank AND Trust CO, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
State Street Bank AND Trust CO
Trustee
On filings since 2020
4 hrs/week
$4K (2020) → $6K (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 $6K, to State Street Bank and Trust CO (Trustee).
Frequently asked questions about L&M Schutte Charitable Trust
How much does L&M Schutte Charitable Trust give each year?
L&M Schutte Charitable Trust gave $25K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23K across 6 grants.
What is L&M Schutte Charitable Trust's typical grant size?
L&M Schutte Charitable Trust's median grant in 2025 was $4,209, and its average grant was $4,209, across 6 grants on its 2025 IRS Form 990-PF.
Where does L&M Schutte Charitable Trust give grants?
L&M Schutte Charitable Trust gives mostly in Illinois: 83% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Missouri (17%). The most frequent recipient cities were Quincy, IL (5 grants).
Does L&M Schutte Charitable Trust give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on L&M Schutte Charitable Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (5 grants).
Who are L&M Schutte Charitable Trust's largest grantees?
L&M Schutte Charitable Trust's largest 2025 grantees include American Red Cross Adams County ($4,210), Quincy Family YMCA ($4,210) and Good Samaritan Home ($4,209), according to its 2025 IRS Form 990-PF. Together they received 50% of its itemized 2025 grant dollars.
How large is L&M Schutte Charitable Trust?
L&M Schutte Charitable Trust reported $403K in total assets on its 2025 IRS Form 990-PF. It paid out $27K in qualifying distributions that year, against a required minimum of $28K (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 L&M Schutte Charitable Trust?
L&M Schutte Charitable Trust is a private foundation focused on Human Services, based in Quincy, IL. It holds $403K in total assets as of 2025.
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 2020–2025.
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 May 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
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