The Otto Schoitz Foundation is an independent 501(c)(3) nonprofit foundation based in Waterloo, Iowa. Established in 2016, the foundation was endowed following the ownership transfer of Charlotte Lee Schoitz Memorial Hospital, which had been supported by Otto Schoitz's pacesetting donation in 1951. The foundation operates as a grantmaking organization dedicated to community philanthropy in the Cedar Valley region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$70.1M
+15.4% YoY
Annual Giving
$3.4M
-1.7% YoY
Grant Count
55
-1.8% YoY
Avg Grant Size
$63K
+0.1% YoY
Mission & Focus Areas
The foundation's mission is to improve the health and wellbeing of the community and its individual members in the greater Cedar Valley Region through funding grants.
Primary funding focus areas include:
- Health and community wellbeing
- Housing and community development
- Family services and domestic violence support
- Human services
- Education and youth development
- Community and civic engagement
Grantmaking
Grant Range
s:** Grants range from $3,500 to $150,000, with typical awards between $100,000 and $800,000.
Review Cycle
of February 21 (based on available information).
How to Apply
** The foundation accepts grant applications with a submission deadline of February 21 (based on available information).
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Geographic Focus
Where this funder awards grants
The foundation funds organizations within the greater Cedar Valley Region, defined as the geographical area within 30 miles from the center of Waterloo, Iowa.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $70.1 million to $74.4 million
- Total Revenue: $5.59 million
- Total Expenses: $5.29 million
- Total Liabilities: $3.81 million
- Total Giving: $3.7 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $70,066,615 | $60,720,167 | $57,256,021 |
| Revenue | $5,594,893 | $1,173,025 | $3,584,223 |
| Expenses | $5,289,420 | $3,055,079 | $5,151,130 |
| Qualifying Distributions | $3,794,637 | $3,763,504 | $3,908,128 |
| Net Investment Income | $4,032,081 | $1,321,680 | $2,476,848 |
| Distributable Amount | $3,158,995 | $2,986,217 | $3,178,237 |
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 2024
Grant Size Distribution
193 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Dennis Clark - Chairman
- Camille Hogan - Vice Chair
- Mike Mallaro - Treasurer
- Michele Panicucci - Principal Officer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHELE PANICUCCI | EXECUTIVE DIRECTOR (THRU SEPTEMBER 24) | 40 | $151,167 |
| BLAKE HOLLIS | CHAIR | 5 | — |
| RHONDA MCRINA | VICE CHAIR | 5 | — |
| MIKE MALLARO | IMMEDIATE PAST CHAIR | 5 | — |
| CHRISTINE KEMP | TREASURER | 5 | — |
| ANDREW MIEHE | SECRETARY | 5 | — |
| ROBERT GREENWOOD | DIRECTOR | 1 | — |
| RENEE CHRISTOFFER | DIRECTOR | 1 | — |
| JAMES CORYE JOHNSON | DIRECTOR | 1 | — |
| ERIC LOCKE | DIRECTOR | 1 | — |
| KARIN ROWE | DIRECTOR | 1 | — |
| MEAGAN MILLER | DIRECTOR | 1 | — |
| DAVID HARRIS | DIRECTOR (PARTIAL YEAR) | 1 | — |
| CAMILLE HOGAN | DIRECTOR (PARTIAL YEAR) | 5 | — |
Contact Information
- Address: 114 E 4th St Ste 300, Waterloo, IA 50703-4771
- Phone: 319-232-2870
- Email: info@ottoschoitzfoundation.org
- Website: www.ottoschoitzfoundation.org
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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