Otto Schwarz Memorial Graduate Scholarship

DALLAS, TX EIN: 88-6062233

Otto Schwarz Memorial Graduate Scholarship is a private foundation focused on Education, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 1 grants totaling $47K. Net investment income was $316K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.4M

+21.6% YoY

Annual Giving

$47K

-22.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$47K

-22.4% YoY

Under IRS private-foundation payout rules, Otto Schwarz Memorial Graduate Scholarship reported a distributable amount of $64K for 2024 — the minimum it must pay out in qualifying distributions.

About Otto Schwarz Memorial Graduate Scholarship

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $147K (100%)

States

Virginia

Cities

Alexandria

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,386,458	$1,140,458	$1,196,273
Revenue	$330,421	$32,896	$-32,192
Expenses	$81,598	$88,331	$66,493
Qualifying Distributions	$66,819	$75,557	$49,139
Net Investment Income	$316,058	$17,486	$11,995
Distributable Amount	$63,625	$61,919	$62,411

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Charities Aid Foundation America ($47,143).

Recipient	Purpose	Amount
CHARITIES AID FOUNDATION AMERICA ALEXANDRIA, VA	FBO TECHNION-ISRAEL	$47,143

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$20,339

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Otto Schwarz Memorial Graduate Scholarship?

Otto Schwarz Memorial Graduate Scholarship is a private foundation focused on Education, based in DALLAS, TX. It holds $1.4M in total assets as of 2024.

How large is Otto Schwarz Memorial Graduate Scholarship?

As of 2024, Otto Schwarz Memorial Graduate Scholarship holds $1.4M in total assets with $330K in annual revenue. It awarded 1 grants totaling $47K in 2024.

Where does Otto Schwarz Memorial Graduate Scholarship operate?

Otto Schwarz Memorial Graduate Scholarship has awarded grants in Virginia.

What size grants does Otto Schwarz Memorial Graduate Scholarship award?

In 2024, Otto Schwarz Memorial Graduate Scholarship awarded 1 grants totaling $47K — an average of about $47K per grant, based on its IRS Form 990 filings.

How much is Otto Schwarz Memorial Graduate Scholarship required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Otto Schwarz Memorial Graduate Scholarship reported a distributable amount of $64K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Otto Schwarz Memorial Graduate Scholarship's EIN?

Otto Schwarz Memorial Graduate Scholarship's EIN (Employer Identification Number) is 88-6062233. IRS Form 990 filing data is available on this page for 2020–2024.