Phillip and Terri Schrager Foundation
The Phillip and Terri Schrager Foundation is a private foundation based in Omaha, Nebraska, established in 1972. Operating as a 501(c)(3) organization, the foundation supports charitable, educational, religious, and scientific purposes through grantmaking activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$740K
-21.8% YoY
Annual Giving
$1.2M
+16.0% YoY
Grant Count
32
-13.5% YoY
Avg Grant Size
$37K
+34.1% YoY
Under IRS private-foundation payout rules, Phillip and Terri Schrager Foundation reported a distributable amount of $356K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to conduct and support activities for the benefit of the Jewish Federation of Omaha, Inc. and other organizations operated exclusively for charitable, educational, religious, or scientific purposes as described in IRC Section 501(c)(3).
Primary funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Jewish community support and services
Grantmaking
The foundation made 30 grants in its most recent reporting year. Recent notable grants include:
Ready to take the next step with Phillip and Terri Schrager Foundation?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Nebraska, Colorado, and Virginia, with a particular emphasis on the Omaha area and Jewish community initiatives.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $739,716
- Total Revenues: $371,480
- Total Expenses: $1,245,986
- Number of Employees: 0
Historical Data (2023):
- Total Assets: $946,104
- Total Giving: $1,013,929
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $739,716 | $946,104 | $1,267,833 |
| Revenue | $371,480 | $113,777 | $440,539 |
| Expenses | $1,245,986 | $1,097,882 | $682,523 |
| Qualifying Distributions | $1,175,780 | $1,013,929 | $614,546 |
| Net Investment Income | $343,730 | $95,527 | $428,039 |
| Distributable Amount | $355,604 | $337,807 | $341,603 |
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
183 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Jewish Federation of Omaha ($250,038), Westside Foundation ($249,769), The Jewish Federation of Omaha ($200,402).
| Recipient | Purpose | Amount |
|---|---|---|
| OMAHA SYMPHONY OMAHA, NE | EXEMPT CHARITABLE PURPOSES | $5,000 |
| OPEN DOOR MISSION OMAHA, NE | EXEMPT CHARITABLE PURPOSES | $269 |
| NEBRASKA HUMANE SOCIETY OMAHA, NE | EXEMPT CHARITABLE PURPOSES | $1,000 |
| WORLD WILDLIFE FUND WASHINGTON, DC | EXEMPT CHARITABLE PURPOSES | $750 |
| ST AUGUSTINE INDIAN MISSION WINNEBAGO, NE | EXEMPT CHARITABLE PURPOSES | $200 |
| WESTSIDE FOUNDATION OMAHA, NE | EXEMPT CHARITABLE PURPOSES | $100 |
| WESTSIDE COMMUNITY SCHOOLS FOUNDATION OMAHA, NE | EXEMPT CHARITABLE PURPOSES | $25,000 |
| MIDLANDS HUMANE SOCIETY COUNCIL BLUFFS, IA | EXEMPT CHARITABLE PURPOSES | $1,000 |
| ASPEN HISTORICAL SOCIETY ASPEN, CO | EXEMPT CHARITABLE PURPOSES | $1,500 |
| BOYS AND GIRLS CLUBS OF THE MIDLANDS OMAHA, NE | EXEMPT CHARITABLE PURPOSES | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Terri Schrager serves as Principal Officer of the foundation.
The foundation is supported by the Harley and Beth Schrager Foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TERRI L SCHRAGER | PRESIDENT | — | — |
| RICHARD A SCHRAGER | DIRECTOR | — | — |
| HARLEY SCHRAGER | DIRECTOR | — | — |
| TIMOTHY SCHRAGER | TREASURER/DIRECTOR | — | — |
| JEFFREY SCHRAGER | VICE PRESIDENT | — | — |
| ANGEL GOLDMAN | SECRETARY/DIRECTOR | — | — |
| JACK SCHRAGER | DIRECTOR | — | — |
| CAROLYN JACKSON | FORMER EXECUTIVE DIRECTOR | 20 | $10,000 |
| BETH SCHRAGER | DIRECTOR | — | — |
| TIFFANY POLIFKA | EXECUTIVE DIRECTOR | 20 | — |
Recent News & Activity
Recent developments and announcements
The foundation continues to administer the Phillip & Terri Schrager Distinguished Teaching Award program, recognizing outstanding educators in the Omaha area. Award winners have been announced for both 2023 and 2024.
2024 Phillip & Terri Schrager Foundation Distinguished Teaching Award WinnersSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Phillip and Terri Schrager Foundation fund?
The foundation's mission is to conduct and support activities for the benefit of the Jewish Federation of Omaha, Inc. and other organizations operated exclusively for charitable, educational, religious, or scientific purposes as described in IRC Section 501(c)(3). Primary funding areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Jewish community support and services
How do I apply for a grant from Phillip and Terri Schrager Foundation?
The foundation made 30 grants in its most recent reporting year. Recent notable grants include: • Jewish Federation of Omaha: $250,038 • University of Nebraska Foundation: $159,856 • Community Information Trust: $62,351 Typical grant awards range from $50 to $2,000,000. The foundation also administers the Phillip & Terri Schrager Distinguished Teaching Award program.
Where does Phillip and Terri Schrager Foundation make grants?
The foundation primarily funds organizations in Nebraska, Colorado, and Virginia, with a particular emphasis on the Omaha area and Jewish community initiatives.
What size grants does Phillip and Terri Schrager Foundation award?
In 2024, Phillip and Terri Schrager Foundation awarded 32 grants totaling $1.2M — an average of about $37K per grant, based on its IRS Form 990 filings.
How much is Phillip and Terri Schrager Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Phillip and Terri Schrager Foundation reported a distributable amount of $356K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Phillip and Terri Schrager Foundation's EIN?
Phillip and Terri Schrager Foundation's EIN (Employer Identification Number) is 23-7184025. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Phillip and Terri Schrager Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Bryan Hospital Kearney
KEARNEY, NE
Assets
$384.9M
Grants
2
Total Given
$11K
Johnson Student Scholarship & Loan
ORD, NE
Assets
—
Grants
0
Total Given
—
Saint Elizabeth Regional Medical Center
LINCOLN, NE
Assets
$483.9M
Grants
6
Total Given
$546K
The Charles and Mary Heider
OMAHA, NE
Assets
—
Grants
151
Total Given
$30.8M
Fraternal Ord of Eagles Aerie 592
HASTINGS, NE
Assets
$134K
Grants
1
Total Given
$8K
Bernard K and Norma F Heuermann Foundation
OMAHA, NE
Assets
—
Grants
34
Total Given
$446K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Phillip and Terri Schrager Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Phillip and Terri Schrager Foundation to a real strategy.