M&M Schmidt Foundation
M&M Schmidt Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $144K in total assets. In 2025, it awarded 3 grants totaling $198K. Net investment income was $24K.
M&M Schmidt Foundation at a glance
In short: M&M Schmidt Foundation gave $198K across 3 grants in 2025 (avg $66K), mostly in Missouri. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $197,500
- +225.9% vs 2024
- Grants made (2025)
- 3
- -50.0% vs 2024
- Average grant
- $65,833
- +551.8% vs 2024
- Median grant
- $75,000
- Total assets
- $144,287
- -56.3% vs 2024
- Primary geography
- Missouri (99% 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 M&M Schmidt Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was OKS Inc ($195K across 2 grants). Together the top 2 received $198K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 6 grants of 9 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How M&M Schmidt Foundation gives
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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 2024 to 2025, annual grant giving ranged from $61K (2024) to $198K (2025). In 2025 it made 3 grants totaling $198K.
Grants by year
Grant recipients and amounts by year
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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 | $144,287 | $26,781 | $212,446 | $197,500 | 3 | $208,407 | $23,742 | $9,505 |
| 2024 | $329,952 | $73,944 | $79,210 | $60,600 | 6 | $73,918 | $68,736 | $17,835 |
| 2022 | $350,000 | $350,000 | — | — | — | — | — | $1,264 |
Under IRS private-foundation payout rules, M&M Schmidt Foundation reported a distributable amount of $10K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
M&M Schmidt Foundation is led by Martin Schmidt, Director, President & Treasurer on every filing since 2022; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Martin Schmidt
Director, President & Treasurer
On filings since 2022
1 hr/week
No compensation reported
Margaret Schmidt
Director & Secretary
On filings since 2022
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2022–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about M&M Schmidt Foundation
How much does M&M Schmidt Foundation give each year?
M&M Schmidt Foundation gave $198K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $61K across 6 grants.
What is M&M Schmidt Foundation's typical grant size?
M&M Schmidt Foundation's median grant in 2025 was $75,000, and its average grant was $65,833, across 3 grants on its 2025 IRS Form 990-PF.
Where does M&M Schmidt Foundation give grants?
M&M Schmidt Foundation gives mostly in Missouri: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Saint Louis, MO (2 grants).
Does M&M Schmidt Foundation give general operating support?
Yes: 33% of M&M Schmidt Foundation's 2025 grants with a stated purpose (1 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is M&M Schmidt Foundation?
M&M Schmidt Foundation reported $144K in total assets on its 2025 IRS Form 990-PF. It paid out $208K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
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 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
- IRS filings on file for fiscal years 2022–2024
Explore Open Grants
Browse active grant opportunities in M&M Schmidt Foundation's focus areas in our free grants database
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