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
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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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.