Randy and Michele Mehrberg Schara
Randy and Michele Mehrberg Schara is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $831K in total assets. In 2024, it awarded 17 grants totaling $201K. Net investment income was $294K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$831K
+13.7% YoY
Annual Giving
$201K
+27.8% YoY
Grant Count
17
+0.0% YoY
Avg Grant Size
$12K
+27.8% YoY
Under IRS private-foundation payout rules, Randy and Michele Mehrberg Schara reported a distributable amount of $69K for 2024 — the minimum it must pay out in qualifying distributions.
About Randy and Michele Mehrberg Schara
Based on IRS filings
Randy and Michele Mehrberg Schara is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $831K in total assets. In 2024, it awarded 17 grants totaling $201K. Net investment income was $294K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $830,635 | $730,771 | $491,126 |
| Revenue | $491,789 | $499,984 | $274,033 |
| Expenses | $212,078 | $159,615 | $143,224 |
| Qualifying Distributions | $201,200 | $157,385 | $141,000 |
| Net Investment Income | $293,934 | $307,852 | $73,936 |
| Distributable Amount | $68,893 | $19,249 | $22,542 |
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
57 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Millennium Park Foundation ($100,000), Jupiter Medical Center Foundation ($20,000), United Way of Metro Chicago ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARTHRITIS FOUNDATION ATLANTA, GA | GENERAL FUND | $500 |
| JEWISH UNITED FUND CHICAGO, IL | GENERAL FUND | $500 |
| THE CHICAGO SCHOOL CHICAGO, IL | GENERAL FUND | $1,000 |
| RESPIRATORY HEALTH ASSN CHICAGO, IL | GENERAL FUND | $1,000 |
| LYMPHOMA & LEUKEMIA SOCIETY RYE BROOK, NY | GENERAL FUND | $1,000 |
| CHALLENGER ATHLETE FDN SAN DIEGO, CA | GENERAL FUND | $1,000 |
| GARY COMER YOUTH CENTER CHICAGO, IL | GENERAL FUND | $1,200 |
| WALKING MOUNTAINS SCIENCE CENTER AVON, CO | GENERAL FUND | $2,500 |
| CARPLS CHICAGO, IL | GENERAL FUND | $5,000 |
| COLLEGE POSSIBLE CHICAGO, IL | GENERAL FUND | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RANDALL MEHRBERG | PRESIDENT | 1 | — |
| MICHELE SCHARA | SECRETARY & TREASURER | 0.5 | — |
| DILLON MEHRBERG | VICE-PRESIDENT | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Randy and Michele Mehrberg Schara?
Randy and Michele Mehrberg Schara is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. It holds $831K in total assets as of 2024.
How large is Randy and Michele Mehrberg Schara?
As of 2024, Randy and Michele Mehrberg Schara holds $831K in total assets with $492K in annual revenue. It awarded 17 grants totaling $201K in 2024.
Where does Randy and Michele Mehrberg Schara operate?
Randy and Michele Mehrberg Schara has awarded grants in California, Colorado, Florida, Georgia, Illinois, Michigan, New York, Pennsylvania, Rhode Island, Texas, Virginia, Wisconsin.
What size grants does Randy and Michele Mehrberg Schara award?
In 2024, Randy and Michele Mehrberg Schara awarded 17 grants totaling $201K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Randy and Michele Mehrberg Schara required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Randy and Michele Mehrberg Schara reported a distributable amount of $69K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Randy and Michele Mehrberg Schara's EIN?
Randy and Michele Mehrberg Schara's EIN (Employer Identification Number) is 26-2026540. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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