Schaeffer Foundation Inc is a private foundation focused on Religion Related, based in Shelbyville, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 18 grants totaling $54K. Net investment income was $854K.
Key facts about Schaeffer Foundation Inc
- EIN
- 46-4522783
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $53,800
- Grants made (2024)
- 18
- Average grant
- $2,989
- Median grant
- $1,000
- New grantees (estimate)
- 39% first-time grantees (7 of 18, 2024)
- Total assets
- $1,359,155
- Primary geography
- Kentucky (50% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Schaeffer Foundation Inc funds
By grant dollars, the top recipient states for Schaeffer Foundation Inc's 18 itemized 2024 grants were Kentucky (50%), Colorado (37%) and Pennsylvania (6%). The most frequent recipient cities were Louisville, KY (9 grants) and Shelbyville, KY (2 grants). None of its 18 grants with a stated purpose were described as general or operating support. Recurring purposes include "To Further the Goals of This Charity" (17 grants).
Is Schaeffer Foundation Inc open to new grantees?
39%
first-time grantees, 2024
In 2024, 7 of 18 grantees (39%) were first-time recipients. First grants averaged $4K; repeat grants $2K. How we count
Medians: $500 first-time, $1K repeat.
- 61% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+16%). Method
- In 2024 it paid out 110% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Schaeffer Foundation Inc
- How to evaluate Schaeffer Foundation Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
+167.9% YoY
Annual Giving
$54K
+65.0% YoY
Grant Count
18
+5.9% YoY
Avg Grant Size
$3K
+55.9% YoY
Under IRS private-foundation payout rules, Schaeffer Foundation Inc reported a distributable amount of $49K for 2024 — the minimum it must pay out in qualifying distributions.
About Schaeffer Foundation Inc
Based on IRS filings
Schaeffer Foundation Inc is a private foundation focused on Religion Related, based in Shelbyville, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 18 grants totaling $54K. Net investment income was $854K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 18 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,359,155 | $507,290 | $363,603 |
| Revenue | $910,578 | $176,476 | $13,575 |
| Expenses | $65,709 | $32,789 | $26,417 |
| Qualifying Distributions | $53,800 | $32,600 | $22,200 |
| Net Investment Income | $853,514 | $116,881 | $7,981 |
| Distributable Amount | $49,125 | $40,197 | $35,851 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
83 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include America's Kids Belong ($20,000), Holy Angels Academy ($10,000), Corpus Christi Classical Academy ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICA'S KIDS BELONG Loveland, CO | TO FURTHER THE GOALS OF THIS CHARITY | $20,000 |
| HOLY ANGELS ACADEMY Louisville, KY | TO FURTHER THE GOALS OF THIS CHARITY | $10,000 |
| CORPUS CHRISTI CLASSICAL ACADEMY Shelbyville, KY | TO FURTHER THE GOALS OF THIS CHARITY | $5,000 |
| NOTRE DAME PRIORY Shelbyville, KY | TO FURTHER THE GOALS OF THIS CHARITY | $4,500 |
| SSVM MISSIONS Philadelphia, PA | TO FURTHER THE GOALS OF THIS CHARITY | $3,150 |
| LITTLE WAY Louisville, KY | TO FURTHER THE GOALS OF THIS CHARITY | $2,000 |
| HABITAT FOR HUMANITY Americus, GA | TO FURTHER THE GOALS OF THIS CHARITY | $2,000 |
| HOLY FAMILY RADIO Louisville, KY | TO FURTHER THE GOALS OF THIS CHARITY | $1,000 |
| FAMILY RENEWAL PROJECT Louisville, KY | TO FURTHER THE GOALS OF THIS CHARITY | $1,000 |
| FRANCISCAN FRIARS OF THE RENEWAL Bronx, NY | TO FURTHER THE GOALS OF THIS CHARITY | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mark Schaeffer | Director | 0.5 | — |
| Rose Schaeffer | Director | 0.5 | — |
| Paul Schaeffer | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Schaeffer Foundation Inc?
Schaeffer Foundation Inc is a private foundation focused on Religion Related, based in Shelbyville, KY. It holds $1.4M in total assets as of 2024.
How large is Schaeffer Foundation Inc?
As of 2024, Schaeffer Foundation Inc holds $1.4M in total assets with $911K in annual revenue. It awarded 18 grants totaling $54K in 2024.
Where does Schaeffer Foundation Inc operate?
Schaeffer Foundation Inc has awarded grants in Colorado, District of Columbia, Florida, Georgia, Indiana, Kentucky, Maryland, New York, Ohio, Pennsylvania, Tennessee, Texas, Virginia.
What size grants does Schaeffer Foundation Inc award?
In 2024, Schaeffer Foundation Inc awarded 18 grants totaling $54K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Schaeffer Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Schaeffer Foundation Inc reported a distributable amount of $49K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Schaeffer Foundation Inc's EIN?
Schaeffer Foundation Inc's EIN (Employer Identification Number) is 46-4522783. 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.