Markus and Elizabeth Schmidt Charitable Foundation

Private foundation · Grantmaker Ann Arbor, MI EIN: 26-3498246

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.

Key facts about Markus and Elizabeth Schmidt Charitable Foundation

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.

EIN
26-3498246
Latest 990 filing
Form 990-PF, 2024
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)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$437K

Grant Count

2

Avg Grant Size

$218K

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 2 itemized grants.

States

Cities

Dearborn HeightsAnn ArborGrosse Pointe Woods

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K0 grants2019 2 grants2020 0 grants2021 0 grants2022 0 grants2023 2 grants2024

From 2020 to 2024, annual grant giving ranged from $2K (2020) to $437K (2024). In 2024 it made 2 grants totaling $437K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

University of Michigan - Scholarship Fund: $400KUniversity of Michigan -Scholarship Fund$400KVista Maria: $37KVista Maria$37K

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

3<$50K$50–100K$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 3 grants of 4 (75%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
University of Michigan - Scholarship Fund Ann Arbor, MIScholarships$400,000
Vista Maria Dearborn Heights, MISocial Service$36,911

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K2019 2020 2021 2022 2023 2024
Metric202420232022
Total Assets—$16,233$34,741
Revenue$420,678—$25,000
Expenses$436,911$18,508$38,091
Qualifying Distributions$436,911——
Net Investment Income$420,645——
Distributable Amount—$799$1,783

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS May 26, 2020)
  2. IRS filings on file for fiscal years 2020–2024

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.

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