Markus and Elizabeth Schmidt Charitable Foundation
Markus and Elizabeth Schmidt Charitable Foundation is a private foundation, based in Ann Arbor, MI. IRS filing data is available from 2019 through 2024. In 2024, it awarded 2 grants totaling $437K. Net investment income was $421K.
Markus and Elizabeth Schmidt Charitable Foundation at a glance
In short: Markus and Elizabeth Schmidt Charitable Foundation gave $437K across 2 grants in 2024 (avg $218K), mostly in Michigan. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $436,911
- Grants made (2024)
- 2
- Average grant
- $218,456
- Median grant
- $218,456
- Primary geography
- Michigan (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 Markus and Elizabeth Schmidt Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was University of Michigan - Scholarship Fund ($400K). Together the top 2 received $437K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Markus and Elizabeth Schmidt Charitable Foundation gives
- In 2021 it paid out 27% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $2K (2020) to $437K (2024). In 2024 it made 2 grants totaling $437K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Michigan - Scholarship Fund Ann Arbor, MI | Scholarships | $400,000 |
| Vista Maria Dearborn Heights, MI | Social Service | $36,911 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $420,678 | $436,911 | $436,911 | 2 | $436,911 | $420,645 | — |
| 2023 | $16,233 | — | $18,508 | — | — | — | — | $799 |
| 2022 | $34,741 | $25,000 | $38,091 | — | — | — | — | $1,783 |
| 2021 | $47,832 | $20,000 | $34,009 | — | — | $720 | — | $2,637 |
| 2020 | $61,841 | $30,000 | $32,304 | $2,200 | 2 | — | — | $3,040 |
| 2019 | $64,145 | $30,002 | $27,313 | — | — | — | — | $3,053 |
Leadership & Key People
Officers and directors from IRS filings
Markus and Elizabeth Schmidt Charitable Foundation is led by Elizabeth Schmidt, President on every filing since 2019; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Elizabeth Schmidt
President
On filings since 2019
1 hr/week
No compensation reported
Linda M. Selwa
Secretary
On filings since 2019
No compensation reported
Mark R. Schmidt
Treasurer
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Markus and Elizabeth Schmidt Charitable Foundation
How much does Markus and Elizabeth Schmidt Charitable Foundation give each year?
Markus and Elizabeth Schmidt Charitable Foundation gave $437K across 2 grants in 2024, according to its 2024 IRS Form 990-PF.
Where does Markus and Elizabeth Schmidt Charitable Foundation operate?
Markus and Elizabeth Schmidt Charitable Foundation has awarded grants in Michigan.
What is Markus and Elizabeth Schmidt Charitable Foundation's EIN?
Markus and Elizabeth Schmidt Charitable Foundation's EIN (Employer Identification Number) is 26-3498246. IRS Form 990 filing data is available on this page for 2019–2024.
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 2019 (received by the IRS May 26, 2020)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Markus and Elizabeth Schmidt Charitable Foundation funds
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