Lee Schmidt Scholarship Trust Fund
Lee Schmidt Scholarship Trust Fund is a private foundation focused on Education, based in Twin Falls, ID. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $529K in total assets. In 2024, it awarded 1 grant totaling $37K. Net investment income was $42K.
Lee Schmidt Scholarship Trust Fund at a glance
In short: Lee Schmidt Scholarship Trust Fund gave $37K across 1 grant in 2024 (avg $37K), mostly in Idaho. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $36,750
- +31.3% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $36,750
- +31.3% vs 2023
- Median grant
- $36,750
- Total assets
- $529,400
- +0.9% vs 2023
- Primary geography
- Idaho (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Lee Schmidt Scholarship Trust Fund funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Lee Schmidt Scholarship Trust Fund gives
- Giving grew 31% from 2021 to 2024. 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 2024, annual grant giving ranged from $27K (2022) to $37K (2024). In 2024 it made 1 grant totaling $37K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $36,750 |
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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 |
|---|---|---|---|---|---|---|---|
| 2024 | $529,400 | $50,116 | $45,198 | $36,750 | 1 | $36,750 | $41,668 |
| 2023 | $524,482 | $37,951 | $36,675 | $28,000 | 1 | $28,000 | $29,276 |
| 2022 | $523,206 | $28,048 | $37,607 | $27,000 | 1 | $27,000 | $17,441 |
| 2021 | $532,765 | $108,355 | $36,549 | $28,000 | 1 | $28,000 | $99,806 |
| 2020 | $460,959 | $31,343 | $43,783 | $36,500 | 1 | — | $24,060 |
Leadership & Key People
Officers and directors from IRS filings
Lee Schmidt Scholarship Trust Fund's 2024 filing lists 5 officers; all 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
Kathleen Shewmaker
Trustee
On filings since 2020
$300 (2020) → $325 (2024)
Mel Henry
Trustee
On filings since 2020
$300 (2020) → $325 (2024)
Ray Strolberg
Trustee
On filings since 2020
$3K (2020) → $5K (2024)
Saundra Strolberg
Trustee
On filings since 2020
$300 (2020) → $325 (2024)
Tiffany Unger
Trustee
New on the 2024 filing
$325 (2024)
Former officers (2)
- Former: Dan Shoemaker (2020–2023) — Trustee
- Former: Janet Coonts (2020–2023) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $5K, to Ray Strolberg (Trustee). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Lee Schmidt Scholarship Trust Fund
How much does Lee Schmidt Scholarship Trust Fund give each year?
Lee Schmidt Scholarship Trust Fund gave $37K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $28K across 1 grant.
How large is Lee Schmidt Scholarship Trust Fund?
Lee Schmidt Scholarship Trust Fund reported $529K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $50K.
What is Lee Schmidt Scholarship Trust Fund?
Lee Schmidt Scholarship Trust Fund is a private foundation focused on Education, based in Twin Falls, ID. It holds $529K in total assets as of 2024.
Where does Lee Schmidt Scholarship Trust Fund operate?
Lee Schmidt Scholarship Trust Fund has awarded grants in Idaho.
What is Lee Schmidt Scholarship Trust Fund's EIN?
Lee Schmidt Scholarship Trust Fund's EIN (Employer Identification Number) is 82-0497599. IRS Form 990 filing data is available on this page for 2020–2024.
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 November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 18, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS December 11, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 9, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Lee Schmidt Scholarship Trust Fund funds
Education Open opportunities, soonest deadline first.
- Creative Impact Grants $500 - $2,500 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Lee Schmidt Scholarship Trust Fund's focus areas in our free grants database
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