Michael and Karen Schley Foundation

RALEIGH, NC EIN: 47-5393391

Michael and Karen Schley Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.9M in total assets. In 2024, it awarded 8 grants totaling $286K. Net investment income was $153K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.9M

-2.2% YoY

Annual Giving

$286K

+30.4% YoY

Grant Count

+14.3% YoY

Avg Grant Size

$36K

+14.1% YoY

Under IRS private-foundation payout rules, Michael and Karen Schley Foundation reported a distributable amount of $335K for 2024 — the minimum it must pay out in qualifying distributions.

About Michael and Karen Schley Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $617K (87%)

Texas $43K (6%)

Michigan $40K (6%)

Connecticut $10K (1%)

States

Connecticut Michigan North Carolina Texas

Cities

CaryDurhamHollandHoustonMcallenRaleighWethersfield

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$5,906,484	$6,039,148	$2,196,005
Revenue	$193,328	$4,088,327	$135,720
Expenses	$325,759	$244,500	$236,374
Qualifying Distributions	$285,900	$219,300	$206,000
Net Investment Income	$153,469	$63,493	$106,616
Distributable Amount	$335,490	$208,165	$110,912

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

39 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Nc Justice Center ($102,500), Kongoni Network Community Based Organization ($80,000), North Raleigh Ministries Inc ($55,000).

Recipient	Purpose	Amount
KONGONI NETWORK COMMUNITY BASED ORGANIZATION	IMPROVING COMPUTER AND READING SKILLS IN KENYA PRIMARY AND SECONDARY SCHOOLS AND FOR CONSTRUCTION OF THE KONGONI COMMUNITY LIBRARY.	$80,000
FAITH MINISTRY MCALLEN, TX	TO BUILD HOUSES, SPONSOR CHILDREN, MEET SPIRTITUAL AND MEDICAL NEEDS, AND PROVIDE A COMMUNITY OF FELLOWSHIP.	$10,000
HOPE COLLEGE HOLLAND, MI	EDUCATING STUDENTS FOR LIVES OF LEADERSHIP AND SERVICE IN A GLOBAL SOCIETY.	$10,000
MILLBROOK MAGNET HIGH SCHOOL PTSA RALEIGH, NC	FUND SCHOLARSHIPS TO DESERVING STUDENTS TO GO TO WAKE TECH COMMUNITY COLLEGE	$14,400
NC JUSTICE CENTER RALEIGH, NC	TO ELIMINTE POVERTY IN NORTH CAROLINA BY ENSURING THAT EVERY HOUSEHOLD IN THE STATE HAS ACCESS TO THE RESOURCES, SERVICES, AND FAIR TREATMENT IT NEEDS TO ACHIEVE ECONOMIC SECURITY.	$102,500
NORTH RALEIGH MINISTRIES INC RALEIGH, NC	PROVIDE EMERGENCY ASSISTANCE TO RESIDENTS IN NORTH RALEIGH EXPERIENCING CRISIS AND NEEDING HELP WITH ESSENTIAL HUMAN NEEDS.	$55,000
SAINT ANDREWS PRESBYTERIAN CHURCH RALEIGH, NC	JOINING TOGETHER AS A COMMUNITY TO SERVE THE MOST VULNERABLE.	$4,000
THE IFMA FOUNDATION HOUSTON, TX	PROMOTING EDUCATION FOR THE FACILITY MANAGEMENT PROFESSION AROUND THE WORLD AND MAKING FM A CAREER OF CHOICE.	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MICHAEL SCHLEY	DIRECTOR	1	—
KAREN SCHLEY	DIRECTOR	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Michael and Karen Schley Foundation?

Michael and Karen Schley Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. It holds $5.9M in total assets as of 2024.

How large is Michael and Karen Schley Foundation?

As of 2024, Michael and Karen Schley Foundation holds $5.9M in total assets with $193K in annual revenue. It awarded 8 grants totaling $286K in 2024.

Where does Michael and Karen Schley Foundation operate?

Michael and Karen Schley Foundation has awarded grants in Connecticut, Michigan, North Carolina, Texas.

What size grants does Michael and Karen Schley Foundation award?

In 2024, Michael and Karen Schley Foundation awarded 8 grants totaling $286K — an average of about $36K per grant, based on its IRS Form 990 filings.

How much is Michael and Karen Schley Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael and Karen Schley Foundation reported a distributable amount of $335K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Michael and Karen Schley Foundation's EIN?

Michael and Karen Schley Foundation's EIN (Employer Identification Number) is 47-5393391. IRS Form 990 filing data is available on this page for 2020–2024.