Martha & Joseph Schrodt
The Martha and Joseph Schrodt Family Foundation is a private foundation established in 2001, based in River Forest, Illinois. The foundation operates as a 501(c)(3) organization with a primary focus on education and charitable causes.
Key facts about Martha & Joseph Schrodt
In short: Martha & Joseph Schrodt gave $710K across 62 grants in 2025 (avg $11K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- EIN
- 36-4443304
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $710,000
- Grants made (2025)
- 62
- Average grant
- $11,452
- Median grant
- $5,000
- Total assets
- $15,495,617
- Primary geography
- Illinois (56% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Quick answers about Martha & Joseph Schrodt
How much does Martha & Joseph Schrodt give each year?
Martha & Joseph Schrodt gave $710K across 62 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $793K across 53 grants.
What is Martha & Joseph Schrodt's typical grant size?
Martha & Joseph Schrodt's median grant in 2025 was $5,000, and its average grant was $11,452, across 62 grants on its 2025 IRS Form 990-PF.
Where does Martha & Joseph Schrodt give grants?
Martha & Joseph Schrodt gives mostly in Illinois: 56% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Utah (25%) and Virginia (7%). The most frequent recipient cities were Ogden, UT (9 grants), Springfield, IL (8 grants), Decatur, IL (5 grants) and Champaign, IL (2 grants).
Does Martha & Joseph Schrodt give general operating support?
Not in 2025: none of the 62 grants with a stated purpose on Martha & Joseph Schrodt's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (33 grants) and "Charitable" (29 grants).
Who are Martha & Joseph Schrodt's largest grantees?
Martha & Joseph Schrodt's largest 2025 grantees include Millikin University ($60,000), University of Illinois Foundation ($60,000) and Richland Community College ($50,000), according to its 2025 IRS Form 990-PF. Together they received 24% of its itemized 2025 grant dollars.
How Martha & Joseph Schrodt gives
- 74% of 2025 grantees were also funded in 2024. Method
- Giving grew 545% from 2022 to 2025. Method
- In 2025 it paid out 81% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Martha & Joseph Schrodt
- How to evaluate Martha & Joseph Schrodt as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Martha & Joseph Schrodt with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$15.5M
+14.6% YoY
Annual Giving
$710K
-10.5% YoY
Grant Count
62
+17.0% YoY
Avg Grant Size
$11K
-23.5% YoY
Under IRS private-foundation payout rules, Martha & Joseph Schrodt reported a distributable amount of $899K for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grantmaking priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation supports educational institutions and community-based charitable organizations, with particular emphasis on nursing education and academic scholarships.
Grantmaking
The foundation made seven grants in 2023, with typical award amounts ranging from $1,000 to $110,091.
Ready to take the next step with Martha & Joseph Schrodt?
Geographic Focus
Where this funder awards grants
The foundation's grantmaking extends across multiple states, with documented giving in:
- Illinois
- Utah
- Missouri
Grant Distribution by State
Share of all 62 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $12,967,436
- Total Revenues: $9,386,663
- Total Expenses: $269,647
- Total Grants: $760,483
Revenue Breakdown (2023):
- Total grants and contributions: $8,744,448
- Investment income and dividends: $241,104
- Net gain from sale of non-inventory assets: $401,111
Staff: The foundation operates with no employees.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $15,495,617 | $13,515,698 | $12,967,436 |
| Revenue | $1,592,772 | $1,237,603 | $9,386,663 |
| Expenses | $751,082 | $768,154 | $269,647 |
| Qualifying Distributions | $724,289 | $762,023 | $267,865 |
| Net Investment Income | $1,592,248 | $1,233,468 | $641,914 |
| Distributable Amount | $898,541 | $825,870 | $535,888 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 12, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 8, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 30, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 28, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2019–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
154 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| MILLIKIN UNIVERSITY Decatur, IL | EDUCATION | $60,000 |
| UNIVERSITY OF ILLINOIS FOUNDATION Champaign, IL | EDUCATION | $60,000 |
| RICHLAND COMMUNITY COLLEGE Decatur, IL | EDUCATION | $50,000 |
| UVA LAW SCHOOL FOUNDATION Charlottesville, VA | EDUCATION | $50,000 |
| WEBER STATE UNIVERSITY Ogden, UT | EDUCATION | $50,000 |
| FAMILY COUNSELING SERVICE OF NORTHERN UTAH Ogden, UT | CHARITABLE | $47,000 |
| HOMEROOM NFP Chicago, IL | CHARITABLE | $40,000 |
| CITIZEN ADVOCACY CENTER Elmhurst, IL | CHARITABLE | $30,000 |
| ENABLE UTAH Ogden, UT | CHARITABLE | $20,000 |
| IMAGINE BALLET THEATRE Ogden, UT | CHARITABLE | $20,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Joseph Schrodt, M.D. (1937–2023) Dr. Joseph "Merle" Schrodt was an orthopedic surgeon and community leader in Illinois. He served the residents of Decatur, Illinois, and surrounding communities as an orthopedic surgeon from 1970 until his retirement. Dr. Schrodt held numerous leadership positions including:
- Board of Counselors, American Board of Orthopedic Surgery
- Chairman, Crossing Healthcare Board
- President, Decatur Memorial Hospital Board
- President, Macon County Medical Society
- Team physician for Millikin University sports teams for over 30 years
Dr. Schrodt passed away on March 17, 2023, at the age of 85.
Martha & Joseph Schrodt's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
David Ivan Schrodt
Director
On filings since 2019
1 hr/week
No compensation reported
Keith Joseph Schrodt
Director
On filings since 2019
0.1 hrs/week
No compensation reported
Teresa Jane Puskedra
Vice President, Secretary & Treasurer
On filings since 2019
0.1 hrs/week
No compensation reported
Former officers (1)
- Former: Merle Joseph Schrodt (2019–2022) — President
Data from IRS Form 990 filings, 2019–2025. "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 does Martha & Joseph Schrodt fund?
The foundation's grantmaking priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation supports educational institutions and community-based charitable organizations, with particular emphasis on nursing education and academic scholarships.
How do I apply for a grant from Martha & Joseph Schrodt?
**Grant Activity:** The foundation made seven grants in 2023, with typical award amounts ranging from $1,000 to $110,091. **Recent Grants (2023):** • Millikin University: $30,186 (Education) • Weber State University: $22,185 (Education) • Appleseed Foundation: $15,000 (Charitable) • Sullivan Community Education Foundation: $5,000 (Education) **Total Giving:** • 2023: $760,483 in total grants The foundation also supports nursing education through the Dr. Joseph and Martha Schrodt Nursing Scholar…
How much is Martha & Joseph Schrodt required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Martha & Joseph Schrodt reported a distributable amount of $899K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Martha & Joseph Schrodt's EIN?
Martha & Joseph Schrodt's EIN (Employer Identification Number) is 36-4443304. IRS Form 990 filing data is available on this page for 2019–2025.
Explore Open Grants
Browse active grant opportunities in Martha & Joseph Schrodt's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Chicago Community Trust
Chicago, IL
Assets
$6.0B
Grants
3,976
Total Given
$1.4B
Shell USA Company Foundation
Houston, TX
Assets
$52.3M
Grants
4,650
Total Given
$16.0M
AbbVie Foundation
North Chicago, IL
Assets
—
Grants
65
Total Given
$47.1M
Arthur J Gallagher Foundation
Rolling Meadows, IL
Assets
—
Grants
2,692
Total Given
$1.6M
The Allstate Foundation
Northbrook, IL
Assets
—
Grants
2,010
Total Given
$38.0M
Elks National Foundation Inc
Chicago, IL
Assets
$885.0M
Grants
1,485
Total Given
$31.9M
Baxter International Foundation
Deerfield, IL
Assets
$67.5M
Grants
1,300
Total Given
$13.7M
John D and Catherine T Macarthur
Chicago, IL
Assets
$9.3B
Grants
1,086
Total Given
$356.1M
Arie and Ida Crown Memorial
Chicago, IL
Assets
—
Grants
897
Total Given
$115.2M
Jewish Federation of Metropolitan
Chicago, IL
Assets
$1.1B
Grants
896
Total Given
$166.6M
The Pfizer Foundation Inc
New York, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
Verizon Foundation
Basking Ridge, NJ
Assets
$23.8M
Grants
5,464
Total Given
$7.0M
More Funders in Illinois
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.