Markus and Elizabeth Schmidt Charitable
Markus and Elizabeth Schmidt Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Ann Arbor, MI. IRS filing data is available from 2020 through 2024. In 2024, it awarded 2 grants totaling $437K. Net investment income was $421K.
Key facts about Markus and Elizabeth Schmidt Charitable
- 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.
How Markus and Elizabeth Schmidt Charitable 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.
Next steps with Markus and Elizabeth Schmidt Charitable
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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
About Markus and Elizabeth Schmidt Charitable
Based on IRS filings
Markus and Elizabeth Schmidt Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Ann Arbor, MI. IRS filing data is available from 2020 through 2024. In 2024, it awarded 2 grants totaling $437K. Net investment income was $421K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 2 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include University of Michigan - Scholarship Fund ($400,000), Vista Maria ($36,911).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF MICHIGAN - SCHOLARSHIP FUND Ann Arbor, MI | SCHOLARSHIPS | $400,000 |
| VISTA MARIA Dearborn Heights, MI | SOCIAL SERVICE | $36,911 |
Leadership & Key People
Officers and directors from IRS filings
Markus and Elizabeth Schmidt Charitable is led by Elizabeth Schmidt, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Elizabeth Schmidt
President
On filings since 2020
1 hr/week
No compensation reported
Linda M. Selwa
Secretary
On filings since 2020
No compensation reported
Mark R. Schmidt
Treasurer
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Markus and Elizabeth Schmidt Charitable?
Markus and Elizabeth Schmidt Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Ann Arbor, MI. It holds — in total assets as of 2024.
Where does Markus and Elizabeth Schmidt Charitable operate?
Markus and Elizabeth Schmidt Charitable has awarded grants in Michigan.
What size grants does Markus and Elizabeth Schmidt Charitable award?
In 2024, Markus and Elizabeth Schmidt Charitable awarded 2 grants totaling $437K — an average of about $218K per grant, based on its IRS Form 990 filings.
What is Markus and Elizabeth Schmidt Charitable's EIN?
Markus and Elizabeth Schmidt Charitable's EIN (Employer Identification Number) is 26-3498246. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.