Olin B and Desta Schwab Foundation
Olin B and Desta Schwab Foundation is a private foundation, 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.
Olin B and Desta Schwab Foundation at a glance
In short: Olin B and Desta Schwab Foundation gave $186K across 8 grants in 2025 (avg $23K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $186,000
- -9.7% vs 2024
- Grants made (2025)
- 8
- +33.3% vs 2024
- Average grant
- $23,250
- -32.3% vs 2024
- Median grant
- $17,500
- Total assets
- $3,440,568
- -1.7% vs 2024
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Olin B and Desta Schwab Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Junior Achievement of Northern IN ($56K across 2 grants). Together the top 6 received $186K.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 13 grants of 27 (48%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
How Olin B and Desta Schwab Foundation gives
- Giving fell 81% from 2022 to 2025. Method
- In 2025 it paid out 108% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $186K (2025) to $1.3M (2021). In 2025 it made 8 grants totaling $186K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Junior Achievement of Northern IN Fort Wayne, IN | GRANT | $50,000 |
| Bloom Project Inc Fort Wayne, IN | GRANT | $45,000 |
| Believe in a Dream Fort Wayne, IN | GRANT | $40,000 |
| Euell Wilson Center Fort Wayne, IN | GRANT | $20,000 |
| Building a Stronger Family Fort Wayne, IN | GRANT | $15,000 |
| Junior Achievement of Northern IN Fort Wayne, IN | GRANT | $6,000 |
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,440,568 | $161,179 | $219,367 | $186,000 | 8 | $211,540 | $153,352 | $195,384 |
| 2024 | $3,498,756 | $336,987 | $241,021 | $206,000 | 6 | $234,794 | $330,760 | $180,436 |
| 2023 | $3,402,790 | $80,192 | $564,207 | $533,825 | 4 | $556,922 | $72,907 | $181,936 |
| 2022 | $3,886,805 | $74,183 | $1,019,700 | $962,036 | 4 | $983,967 | $65,258 | $230,717 |
| 2021 | $4,832,322 | $1,240,254 | $1,340,307 | $1,277,750 | 5 | — | $1,219,005 | $234,924 |
| 2020 | $4,932,375 | $95,339 | $400,750 | $301,500 | 3 | — | $154,101 | $282,419 |
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.
Leadership & Key People
Officers and directors from IRS filings
Olin B and Desta Schwab Foundation is led by Kyle Martin, President since 2023 (on filings since 2020); none of the 12 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kyle Martin
President
Secretary → Vice President, 2022
Vice President → President, 2023
On filings since 2020
0.5 hrs/week
No compensation reported
Gary Shearer
Director
Vice President → Director, 2022
On filings since 2020
0.5 hrs/week
No compensation reported
M. James Johnston
Director
Director Emeritus → Director, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
Sue Ehinger
Director
President → Director, 2023
On filings since 2020
0.5 hrs/week
No compensation reported
Todd Roberts
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Amos Norman
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Heather Herron
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Dan Michael
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Mark Boyd
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Kelli Packnett
Vice President
Director → Secretary, 2022
Secretary → Vice President, 2023
On filings since 2020
0.5 hrs/week
No compensation reported
Michael Earls
Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
Sherry Grate
Secretary
On filings since 2023
0.5 hrs/week
No compensation reported
Former officers (4)
- Former: Mark Giaquinta (2020–2023) — Director
- Former: Bill Zielke (2020) — Director
- Former: Daryl Yost (2020) — Director
- Former: Jeff McDonald (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Olin B and Desta Schwab Foundation
How much does Olin B and Desta Schwab Foundation give each year?
Olin B and Desta Schwab Foundation gave $186K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $206K across 6 grants.
What is Olin B and Desta Schwab Foundation's typical grant size?
Olin B and Desta Schwab Foundation's median grant in 2025 was $17,500, and its average grant was $23,250, across 8 grants on its 2025 IRS Form 990-PF.
Where does Olin B and Desta Schwab Foundation give grants?
Olin B and Desta Schwab Foundation gives mostly in Indiana: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Fort Wayne, IN (8 grants).
Does Olin B and Desta Schwab Foundation give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Olin B and Desta Schwab Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Grant" (6 grants).
Who are Olin B and Desta Schwab Foundation's largest grantees?
Olin B and Desta Schwab Foundation's largest 2025 grantees include Junior Achievement of Northern IN ($56,000 across 2 grants), Bloom Project Inc ($45,000) and Believe in a Dream ($40,000), according to its 2025 IRS Form 990-PF. Together they received 76% of its itemized 2025 grant dollars.
How large is Olin B and Desta Schwab Foundation?
Olin B and Desta Schwab Foundation reported $3.4M in total assets on its 2025 IRS Form 990-PF. It paid out $212K in qualifying distributions that year, against a required minimum of $195K (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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