Olin B and Desta Schwab Foundation
Olin B and Desta Schwab Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FORT WAYNE, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.4M in total assets. In 2025, it awarded 8 grants totaling $186K. Net investment income was $153K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$3.4M
-1.7% YoY
Annual Giving
$186K
-9.7% YoY
Grant Count
8
+33.3% YoY
Avg Grant Size
$23K
-32.3% YoY
Under IRS private-foundation payout rules, Olin B and Desta Schwab Foundation reported a distributable amount of $195K for 2025 — the minimum it must pay out in qualifying distributions.
About Olin B and Desta Schwab Foundation
Based on IRS filings
Olin B and Desta Schwab Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FORT WAYNE, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.4M in total assets. In 2025, it awarded 8 grants totaling $186K. Net investment income was $153K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,440,568 | $3,498,756 | $3,402,790 |
| Revenue | $161,179 | $336,987 | $80,192 |
| Expenses | $219,367 | $241,021 | $564,207 |
| Qualifying Distributions | $211,540 | $234,794 | $556,922 |
| Net Investment Income | $153,352 | $330,760 | $72,907 |
| Distributable Amount | $195,384 | $180,436 | $181,936 |
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 2025
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Junior Achievement of Northern in ($50,000), Bloom Project Inc ($45,000), Believe in a Dream ($40,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BELIEVE IN A DREAM FORT WAYNE, IN | GRANT | $40,000 |
| BLOOM PROJECT INC FORT WAYNE, IN | GRANT | $45,000 |
| BUILDING A STRONGER FAMILY FORT WAYNE, IN | GRANT | $15,000 |
| COMMUNITY FDN OF GREATER FORT WAYNE FORT WAYNE, IN | WOMEN'S FUND | $5,000 |
| COMMUNITY FDN OF GREATER FORT WAYNE FORT WAYNE, IN | VENDEVERR FUND | $5,000 |
| EUELL WILSON CENTER FORT WAYNE, IN | GRANT | $20,000 |
| JUNIOR ACHIEVEMENT OF NORTHERN IN FORT WAYNE, IN | GRANT | $50,000 |
| JUNIOR ACHIEVEMENT OF NORTHERN IN FORT WAYNE, IN | GRANT | $6,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KYLE MARTIN | PRESIDENT | 0.5 | — |
| KELLI PACKNETT | VICE PRESIDE | 0.5 | — |
| MICHAEL EARLS | TREASURER | 0.5 | — |
| SHERRY GRATE | SECRETARY | 0.5 | — |
| MARK BOYD | DIRECTOR | 0.5 | — |
| SUE EHINGER | DIRECTOR | 0.5 | — |
| HEATHER HERRON | DIRECTOR | 0.5 | — |
| M JAMES JOHNSTON | DIRECTOR | 0.5 | — |
| DAN MICHAEL | DIRECTOR | 0.5 | — |
| AMOS NORMAN | DIRECTOR | 0.5 | — |
| TODD ROBERTS | DIRECTOR | 0.5 | — |
| GARY SHEARER | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Olin B and Desta Schwab Foundation?
Olin B and Desta Schwab Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FORT WAYNE, IN. It holds $3.4M in total assets as of 2025.
How large is Olin B and Desta Schwab Foundation?
As of 2025, Olin B and Desta Schwab Foundation holds $3.4M in total assets with $161K in annual revenue. It awarded 8 grants totaling $186K in 2025.
Where does Olin B and Desta Schwab Foundation operate?
Olin B and Desta Schwab Foundation has awarded grants in Indiana.
What size grants does Olin B and Desta Schwab Foundation award?
In 2025, Olin B and Desta Schwab Foundation awarded 8 grants totaling $186K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Olin B and Desta Schwab Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Olin B and Desta Schwab Foundation reported a distributable amount of $195K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Olin B and Desta Schwab Foundation's EIN?
Olin B and Desta Schwab Foundation's EIN (Employer Identification Number) is 35-2284008. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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