Marvin and Virginia Schmid Foundation
Marvin and Virginia Schmid Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Bellevue, NE. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $28.6M in total assets. In 2025, it awarded 2 grants totaling $1.9M. Net investment income was $2.4M.
Key facts about Marvin and Virginia Schmid Foundation
In short: Marvin and Virginia Schmid Foundation gave $1.9M across 2 grants in 2025 (avg $933K), mostly in Nebraska. Source: 2025 IRS Form 990-PF.
- EIN
- 47-0800637
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $1,866,549
- Grants made (2025)
- 2
- Average grant
- $933,275
- Median grant
- $933,275
- Total assets
- $28,618,044
- Primary geography
- Nebraska (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$28.6M
+1.5% YoY
Annual Giving
$1.9M
+10.4% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$933K
-44.8% YoY
Under IRS private-foundation payout rules, Marvin and Virginia Schmid Foundation reported a distributable amount of $1.9M for 2025 — the minimum it must pay out in qualifying distributions.
How Marvin and Virginia Schmid Foundation gives
- Giving held roughly steady from 2022 to 2025 (+12%). Method
- In 2025 it paid out 97% 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
Share of all 2 itemized 2025 grant dollars.
States
Cities
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 2025
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF NEBRASKA FOUNDATION Lincoln, NE | SCHOLARSHIPS/LIBRARY/TECHNOLOGY | $1,866,049 |
| SCHOOL OF LAW IN HONOR OF MIKE SULLIVAN Lincoln, NE | GENERAL | $500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $28,618,044 | $28,187,427 | $27,558,147 |
| Revenue | $2,794,040 | $2,804,811 | $1,731,206 |
| Expenses | $2,344,645 | $2,183,288 | $2,188,923 |
| Qualifying Distributions | $1,866,549 | $1,690,000 | $1,800,000 |
| Net Investment Income | $2,362,946 | $2,337,358 | $1,342,283 |
| Distributable Amount | $1,929,301 | $1,873,225 | $1,710,439 |
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 6, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 20, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2019–2024
Leadership & Key People
Officers and directors from IRS filings
Marvin and Virginia Schmid Foundation is led by Martha Rogers Davis, Director & President since 2022 (on filings since 2019); 6 of 8 officers listed in 2025 are compensated.
Officers on the 2025 filing
Martha Rogers Davis
Director & President
Director → Director & President, 2022
On filings since 2019
20 hrs/week
$50K (2019) → $50K (2025)
Chris Davis
Director & Vice President
Director → Director & Vice, 2022
Director & Vice → Director & Vice President, 2023
On filings since 2019
$5K (2022) → $5K (2025)
Eric Schmid
Director
On filings since 2019
$5K (2022) → $5K (2025)
Mary Schmid Norton
Director
On filings since 2019
$5K (2022) → $5K (2025)
Paige Norton
Director
On filings since 2019
$5K (2022) → $5K (2025)
Michael Sullivan
Director
On filings since 2019
No compensation reported
Heidi Wilson
Secretary
On filings since 2019
$5K (2022) → $5K (2025)
Steven Wade
Treasurer
On filings since 2024
No compensation reported
Former officers (1)
- Former: Brooke Smithberg (2019–2023) — Treasurer
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.
Compensation Overview
From 2025 IRS filing
Frequently asked questions about Marvin and Virginia Schmid Foundation
How much does Marvin and Virginia Schmid Foundation give each year?
Marvin and Virginia Schmid Foundation gave $1.9M across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.7M across 1 grant.
How large is Marvin and Virginia Schmid Foundation?
Marvin and Virginia Schmid Foundation reported $28.6M in total assets on its 2025 IRS Form 990-PF. It paid out $1.9M in qualifying distributions that year, against a required minimum of $1.9M (roughly 5% of its investment assets).
What is Marvin and Virginia Schmid Foundation?
Marvin and Virginia Schmid Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Bellevue, NE. It holds $28.6M in total assets as of 2025.
Where does Marvin and Virginia Schmid Foundation operate?
Marvin and Virginia Schmid Foundation has awarded grants in Nebraska.
What is Marvin and Virginia Schmid Foundation's EIN?
Marvin and Virginia Schmid Foundation's EIN (Employer Identification Number) is 47-0800637. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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