Patricia and David Schulte Foundation
The Patricia and David Schulte Foundation is a private foundation based in Chicago, Illinois. In its 2025 filing, it reported making grants to charitable organizations, with gifts including unrestricted support for recipients in Illinois, New York, Massachusetts, Connecticut, and California.
Patricia and David Schulte Foundation at a glance
In short: Patricia and David Schulte Foundation gave $7K across 14 grants in 2025 (avg $532.214), top state Illinois. 21% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $7,451
- -42.7% vs 2024
- Grants made (2025)
- 14
- -17.6% vs 2024
- Average grant
- $532
- -30.4% vs 2024
- Median grant
- $500
- Total assets
- $513
- -96.2% vs 2024
- New grantees (estimate)
- 21% first-time grantees (3 of 14, 2025; small sample)
- Primary geography
- Illinois (34% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Patricia and David Schulte Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 875 N Michigan Avenue 3460, Chicago, IL 60611
Phone: (312) 984-9711
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Patricia and David Schulte Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Center for Independence ($1K). Together the top 10 received $7K.
Grant Size Distribution
104 grants across all recorded years
The most common grant size was under $50K: 104 grants of 104 (100%).
Geographic Focus
Where this funder awards grants
The foundation’s 2025 grant dollars went to recipients in Illinois (34%), New York (21%), Massachusetts (20%), Connecticut (15%), and California (10%).
Grant Distribution by State
Share of 2025 grant dollars across all 14 itemized grants.
States
Cities
Is Patricia and David Schulte Foundation open to new grantees?
21%
first-time grantees, 2025
In 2025, 3 of 14 grantees (21%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $500; repeat grants $541. How we count
Medians: $500 first-time, $500 repeat.
- 50% of 2025 grantees were also funded in 2024. Method
- Giving fell 79% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $7K (2025) to $63K (2019). In 2025 it made 14 grants totaling $7K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Center for Independence Countryside, IL | Unrestricted | $1,000 |
| Jewish United Fund Chicago, IL | Unrestricted | $1,000 |
| Yale Law School New Haven, CT | Unrestricted | $1,000 |
| Paws for Purple Hearts Penngrove, CA | Unrestricted | $750 |
| American Society for the Prevention of Cruelty to Animals New York, NY | Unrestricted | $500 |
| Eaglebrook School Deerfield, MA | Unrestricted | $500 |
| Good Information Foundation New York, NY | Unrestricted | $500 |
| New Skete Monasteries Inc Cambridge, NY | Unrestricted | $500 |
| Once Upon Our Time Capsule Chicago, IL | Unrestricted | $500 |
| Trustees of Phillips Academy - Andover Fund Andover, MA | Unrestricted | $500 |
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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 | $513 | $1,643 | $14,670 | $7,451 | 14 | $14,391 | $4,097 | $309 |
| 2024 | $13,540 | $4,570 | $13,726 | $13,001 | 17 | $13,476 | $8,699 | $920 |
| 2023 | $22,710 | $6,981 | $13,651 | $13,001 | 19 | $13,651 | $7,089 | $2,130 |
| 2022 | $29,380 | $-12,796 | $43,502 | $36,000 | 28 | $43,502 | $16,223 | $3,464 |
| 2021 | $85,678 | $24,528 | $49,432 | $37,200 | 26 | $49,503 | $1,269 | $6,965 |
| 2020 | $110,582 | $16,884 | $2,521 | — | — | — | $1,693 | $8,025 |
| 2019 | $96,219 | $28,913 | $68,990 | $63,125 | 26 | — | $2,233 | $10,587 |
Under IRS private-foundation payout rules, Patricia and David Schulte Foundation reported a distributable amount of $309 for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants went to organizations including Once Upon Our Time Capsule, whose stated mission is to use storytelling and the arts to help youth build confidence and strengthen connections with peers, adults, and their communities. The Coast Guard Foundation describes its work as supporting Coast Guard members through education, morale, wellness, and recognition programs, and providing education grants to Coast Guard spouses.
Grantmaking
In 2025, the foundation made 14 grants totaling $7,451. Grants ranged from $1 to $1,000, with a median grant of $500. Among the listed grants were $1,000 each to Center for Independence, Jewish United Fund, and Yale Law School; $750 to Paws for Purple Hearts; $500 each to the American Society for the Prevention of Cruelty to Animals, Eaglebrook School, Good Information Foundation, New Skete Monasteries, Once Upon Our Time Capsule, and two funds at Phillips Academy; and $100 to the Coast Guard Foundation. The listed grants were unrestricted.
Leadership & Key People
Leadership team and compensation from IRS filings
David M. Schulte is listed as a director on the 2025 filing.
Patricia and David Schulte Foundation is led by David M. Schulte, Director on every filing since 2019 — the only officer listed, and uncompensated.
Officers on the 2025 filing
David M. Schulte
Director
On filings since 2019
0.2 hrs/week
No compensation reported
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.
Frequently asked questions about Patricia and David Schulte Foundation
How much does Patricia and David Schulte Foundation give each year?
Patricia and David Schulte Foundation gave $7K across 14 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $13K across 17 grants.
What is Patricia and David Schulte Foundation's typical grant size?
Patricia and David Schulte Foundation's median grant in 2025 was $500, and its average grant was $532, across 14 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Patricia and David Schulte Foundation that year got $500 on average.
Where does Patricia and David Schulte Foundation give grants?
Patricia and David Schulte Foundation's top state is Illinois, with 34% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were New York (21%) and Massachusetts (20%). The most frequent recipient cities were Chicago, IL (2 grants), New York, NY (2 grants) and Andover, MA (2 grants).
Does Patricia and David Schulte Foundation give general operating support?
Yes: 100% of Patricia and David Schulte Foundation's 2025 grants with a stated purpose (14 of 14) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Patricia and David Schulte Foundation's largest grantees?
Patricia and David Schulte Foundation's largest 2025 grantees include Center for Independence ($1,000), Jewish United Fund ($1,000) and Yale Law School ($1,000), according to its 2025 IRS Form 990-PF. Together they received 40% of its itemized 2025 grant dollars.
How large is Patricia and David Schulte Foundation?
Patricia and David Schulte Foundation reported $513 in total assets on its 2025 IRS Form 990-PF. It paid out $14K in qualifying distributions that year, against a required minimum of $309 (roughly 5% of its investment assets).
What does Patricia and David Schulte Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants went to organizations including Once Upon Our Time Capsule, whose stated mission is to use storytelling and the arts to help youth build confidence and strengthen connections with peers, adults, and their communities. See mission & focus areas ↑
How do I apply for a grant from Patricia and David Schulte Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Patricia and David Schulte Foundation's EIN?
Patricia and David Schulte Foundation's EIN (Employer Identification Number) is 22-3697241. IRS Form 990 filing data is available on this page for 2019–2025.
Does Patricia and David Schulte Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS August 31, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Patricia and David Schulte Foundation funds
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