M&M Schmidt Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $330K in total assets. In 2024, it awarded 6 grants totaling $61K. Net investment income was $69K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$330K
Annual Giving
$61K
Grant Count
6
Avg Grant Size
$10K
Under IRS private-foundation payout rules, M&M Schmidt Foundation reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
About M&M Schmidt Foundation
Based on IRS filings
M&M Schmidt Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $330K in total assets. In 2024, it awarded 6 grants totaling $61K. Net investment income was $69K.
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 | 2022 |
|---|---|---|
| Total Assets | $329,952 | $350,000 |
| Revenue | $73,944 | $350,000 |
| Expenses | $79,210 | — |
| Qualifying Distributions | $73,918 | — |
| Net Investment Income | $68,736 | — |
| Distributable Amount | $17,835 | $1,264 |
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
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Oks Inc ($50,000), Oks Inc ($5,000), Leukemia & Lymphoma Society Inc ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| IMMIGRANT & REFUGEE WOMENS PROGRAM SAINT LOUIS, MO | General & Unrestricted | $1,000 |
| LEUKEMIA & LYMPHOMA SOCIETY INC NEW YORK, NY | Charitable Event | $2,500 |
| OKS INC SAINT LOUIS, MO | Charitable Event | $1,500 |
| OKS INC SAINT LOUIS, MO | Charitable Event | $5,000 |
| OKS INC SAINT LOUIS, MO | Building Fund | $50,000 |
| ST LOUIS METRO SINGERS SAINT PETERS, MO | Charitable Event | $600 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Margaret Schmidt | Dir, Sec | 1 | — |
| Martin Schmidt | Dir, Pres, Treas | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is M&M Schmidt Foundation?
M&M Schmidt Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $330K in total assets as of 2024.
How large is M&M Schmidt Foundation?
As of 2024, M&M Schmidt Foundation holds $330K in total assets with $74K in annual revenue. It awarded 6 grants totaling $61K in 2024.
Where does M&M Schmidt Foundation operate?
M&M Schmidt Foundation has awarded grants in Missouri, New York.
What size grants does M&M Schmidt Foundation award?
In 2024, M&M Schmidt Foundation awarded 6 grants totaling $61K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is M&M Schmidt Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, M&M Schmidt Foundation reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is M&M Schmidt Foundation's EIN?
M&M Schmidt Foundation's EIN (Employer Identification Number) is 92-0331425. 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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