Otto Schwarz Memorial Graduate Scholarship
Otto Schwarz Memorial Graduate Scholarship is a private foundation focused on Education, based in Dallas, TX. IRS filing data is available from 2019 through 2025. In 2025, it awarded 1 grant totaling $1.4M. Net investment income was $4K.
Otto Schwarz Memorial Graduate Scholarship at a glance
In short: Otto Schwarz Memorial Graduate Scholarship gave $1.4M across 1 grant in 2025 (avg $1.4M), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,388,794
- +2845.9% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $1,388,794
- +2845.9% vs 2024
- Median grant
- $1,388,794
- Primary geography
- Virginia (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 Otto Schwarz Memorial Graduate Scholarship funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Charities Aid Foundation America ($1.4M).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 2 grants of 4 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Otto Schwarz Memorial Graduate Scholarship gives
- Giving grew 5455% from 2022 to 2025. Method
- In 2025 it paid out well above 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 2019 to 2025, annual grant giving ranged from $14K (2020) to $1.4M (2025). In 2025 it made 1 grant totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Charities Aid Foundation America Alexandria, VA | FBO Technion-Israel | $1,388,794 |
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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 | — | $5,545 | $1,395,943 | $1,388,794 | 1 | $1,389,794 | $3,595 | $1,892 |
| 2024 | $1,386,458 | $330,421 | $81,598 | $47,143 | 1 | $66,819 | $316,058 | $63,625 |
| 2023 | $1,140,458 | $32,896 | $88,331 | $60,781 | 1 | $75,557 | $17,486 | $61,919 |
| 2022 | $1,196,273 | $-32,192 | $66,493 | $25,000 | 1 | $49,139 | $11,995 | $62,411 |
| 2021 | $1,295,049 | $248,462 | $28,050 | — | — | $11,974 | $232,520 | $68,092 |
| 2020 | $1,073,371 | $79,483 | $34,573 | $13,666 | 1 | — | $67,115 | $56,604 |
| 2019 | $1,028,580 | $65,266 | $163,163 | $140,455 | 3 | — | $56,105 | $58,736 |
Under IRS private-foundation payout rules, Otto Schwarz Memorial Graduate Scholarship reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Otto Schwarz Memorial Graduate Scholarship's only listed officer is Bank Of America, Trustee on every filing since 2021 (uncompensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2021
1 hr/week
$20K (2021) → $0 (2025)
Former officers (1)
- Former: Bank Of America N A (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $20K, to Bank of America (Trustee).
Frequently asked questions about Otto Schwarz Memorial Graduate Scholarship
How much does Otto Schwarz Memorial Graduate Scholarship give each year?
Otto Schwarz Memorial Graduate Scholarship gave $1.4M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $47K across 1 grant.
What is Otto Schwarz Memorial Graduate Scholarship?
Otto Schwarz Memorial Graduate Scholarship is a private foundation focused on Education, based in Dallas, TX.
Where does Otto Schwarz Memorial Graduate Scholarship operate?
Otto Schwarz Memorial Graduate Scholarship has awarded grants in Virginia.
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 2025, Otto Schwarz Memorial Graduate Scholarship reported a distributable amount of $2K 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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 3, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 30, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 9, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 22, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 16, 2024)
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