Raymond & Grace Schmidt Charitable Trust

CHICAGO, IL EIN: 35-6693044

Raymond & Grace Schmidt Charitable Trust 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 $620K in total assets. In 2024, it awarded 2 grants totaling $34K. Net investment income was $35K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$620K

-1.1% YoY

Annual Giving

$34K

-2.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$17K

-2.1% YoY

Under IRS private-foundation payout rules, Raymond & Grace Schmidt Charitable Trust reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.

About Raymond & Grace Schmidt Charitable Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Missouri $108K (63%)

Indiana $63K (37%)

States

Indiana Missouri

Cities

MarionSaint Louis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$619,763	$626,870	$631,731
Revenue	$44,980	$42,804	$16,692
Expenses	$48,892	$47,787	$50,469
Qualifying Distributions	$38,498	$38,823	$40,202
Net Investment Income	$35,224	$30,333	$14,770
Distributable Amount	$40,112	$36,556	$38,282

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include National Benevolent ($22,428), First Christian Church ($11,554).

Recipient	Purpose	Amount
FIRST CHRISTIAN CHURCH MARION, IN	GENERAL	$11,554
NATIONAL BENEVOLENT SAINT LOUIS, MO	GENERAL	$22,428

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Raymond & Grace Schmidt Charitable Trust?

Raymond & Grace Schmidt Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. It holds $620K in total assets as of 2024.

How large is Raymond & Grace Schmidt Charitable Trust?

As of 2024, Raymond & Grace Schmidt Charitable Trust holds $620K in total assets with $45K in annual revenue. It awarded 2 grants totaling $34K in 2024.

Where does Raymond & Grace Schmidt Charitable Trust operate?

Raymond & Grace Schmidt Charitable Trust has awarded grants in Indiana, Missouri.

What size grants does Raymond & Grace Schmidt Charitable Trust award?

In 2024, Raymond & Grace Schmidt Charitable Trust awarded 2 grants totaling $34K — an average of about $17K per grant, based on its IRS Form 990 filings.

How much is Raymond & Grace Schmidt Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Raymond & Grace Schmidt Charitable Trust reported a distributable amount of $40K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Raymond & Grace Schmidt Charitable Trust's EIN?

Raymond & Grace Schmidt Charitable Trust's EIN (Employer Identification Number) is 35-6693044. IRS Form 990 filing data is available on this page for 2020–2024.