Louis G and Virginia Schaefer Tr
Louis G and Virginia Schaefer Tr is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PITTSBURGH, PA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 3 grants totaling $45K. Net investment income was $66K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
+1.3% YoY
Annual Giving
$45K
+104.7% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$15K
+104.7% YoY
Under IRS private-foundation payout rules, Louis G and Virginia Schaefer Tr reported a distributable amount of $70K for 2024 — the minimum it must pay out in qualifying distributions.
About Louis G and Virginia Schaefer Tr
Based on IRS filings
Louis G and Virginia Schaefer Tr is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PITTSBURGH, PA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 3 grants totaling $45K. Net investment income was $66K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,205,172 | $1,189,791 | $1,161,360 |
| Revenue | $82,654 | $68,218 | $1,299,837 |
| Expenses | $66,491 | $40,629 | $34,575 |
| Qualifying Distributions | $49,098 | $25,545 | $28,111 |
| Net Investment Income | $65,847 | $53,389 | $57,784 |
| Distributable Amount | $70,221 | $62,223 | $36,504 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Schneck Mem Hospital Fdn ($15,024), James Whitcomb Riley Mem Assoc ($15,024), First Presbyterian Church ($15,024).
| Recipient | Purpose | Amount |
|---|---|---|
| THE SCHNECK MEM HOSPITAL FDN SEYMOUR, IN | GENERAL SUPPORT | $15,024 |
| JAMES WHITCOMB RILEY MEM ASSOC INDIANAPOLIS, IN | GENERAL SUPPORT | $15,024 |
| FIRST PRESBYTERIAN CHURCH SEYMOUR, IN | GENERAL SUPPORT | $15,024 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PNC BANK N A | TRUSTEE | 4 | $20,132 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Louis G and Virginia Schaefer Tr?
Louis G and Virginia Schaefer Tr is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PITTSBURGH, PA. It holds $1.2M in total assets as of 2024.
How large is Louis G and Virginia Schaefer Tr?
As of 2024, Louis G and Virginia Schaefer Tr holds $1.2M in total assets with $83K in annual revenue. It awarded 3 grants totaling $45K in 2024.
Where does Louis G and Virginia Schaefer Tr operate?
Louis G and Virginia Schaefer Tr has awarded grants in Indiana.
What size grants does Louis G and Virginia Schaefer Tr award?
In 2024, Louis G and Virginia Schaefer Tr awarded 3 grants totaling $45K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Louis G and Virginia Schaefer Tr required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Louis G and Virginia Schaefer Tr reported a distributable amount of $70K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Louis G and Virginia Schaefer Tr's EIN?
Louis G and Virginia Schaefer Tr's EIN (Employer Identification Number) is 88-6509170. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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