Schmidt Associates Kaleidoscope
Schmidt Associates Kaleidoscope is a private foundation, based in Indianapolis, IN. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $491K in total assets. In 2024, it awarded 7 grants totaling $16K. Net investment income was $12K.
Key facts about Schmidt Associates Kaleidoscope
In short: Schmidt Associates Kaleidoscope gave $16K across 7 grants in 2024 (avg $2K), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- EIN
- 88-1644867
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $16,000
- Grants made (2024)
- 7
- Average grant
- $2,286
- Median grant
- $2,000
- Total assets
- $490,995
- Primary geography
- Indiana (69% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$491K
+148.1% YoY
Annual Giving
$16K
Grant Count
7
Avg Grant Size
$2K
Under IRS private-foundation payout rules, Schmidt Associates Kaleidoscope reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
How Schmidt Associates Kaleidoscope gives
- In 2024 it paid out 79% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 7 grants totaling $16K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Westfield Education Foundation ($5K). Together the top 7 received $16K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Westfield Education Foundation Westfield, IN | Unrestricted | $5,000 |
| The Food Literacy Project Louisville, KY | Unrestricted | $2,000 |
| Louisville Nature Center Inc Louisville, KY | Unrestricted | $2,000 |
| Indiana Youth Group Inc Indianapolis, IN | Unrestricted | $2,000 |
| One Mission Society USA Inc Greenwood, IN | Unrestricted | $2,000 |
| Indiana Symphony Society Inc Indianapolis, IN | Unrestricted | $2,000 |
| University of Nebraska Foundation Lincoln, NE | Richard g. Terp & mary m. Terp scholarship fund | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $490,995 | $197,868 | $200,337 |
| Revenue | $312,173 | $2,633 | $200,337 |
| Expenses | $19,046 | $5,102 | — |
| Qualifying Distributions | $16,000 | $4,850 | — |
| Net Investment Income | $12,173 | $2,633 | $337 |
| Distributable Amount | $20,206 | $9,717 | $9,850 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
Leadership & Key People
Officers and directors from IRS filings
Schmidt Associates Kaleidoscope's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Brett Quandt
Trustee
On filings since 2022
No compensation reported
Sarah Hempstead
Trustee
On filings since 2022
No compensation reported
Former officers (1)
- Former: Ron Fisher (2022) — Trustee
Data from IRS Form 990 filings, 2022–2024. "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 Schmidt Associates Kaleidoscope
How much does Schmidt Associates Kaleidoscope give each year?
Schmidt Associates Kaleidoscope gave $16K across 7 grants in 2024, according to its 2024 IRS Form 990-PF.
What is Schmidt Associates Kaleidoscope's typical grant size?
Schmidt Associates Kaleidoscope's median grant in 2024 was $2,000, and its average grant was $2,286, across 7 grants on its 2024 IRS Form 990-PF.
Where does Schmidt Associates Kaleidoscope give grants?
Schmidt Associates Kaleidoscope gives mostly in Indiana: 69% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Kentucky (25%) and Nebraska (6%). The most frequent recipient cities were Louisville, KY (2 grants) and Indianapolis, IN (2 grants).
Does Schmidt Associates Kaleidoscope give general operating support?
Yes: 86% of Schmidt Associates Kaleidoscope's 2024 grants with a stated purpose (6 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Schmidt Associates Kaleidoscope's largest grantees?
Schmidt Associates Kaleidoscope's largest 2024 grantees include Westfield Education Foundation ($5,000), The Food Literacy Project ($2,000) and Louisville Nature Center Inc ($2,000), according to its 2024 IRS Form 990-PF. Together they received 56% of its itemized 2024 grant dollars.
How large is Schmidt Associates Kaleidoscope?
Schmidt Associates Kaleidoscope reported $491K in total assets on its 2024 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $20K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Schmidt Associates Kaleidoscope's EIN?
Schmidt Associates Kaleidoscope's EIN (Employer Identification Number) is 88-1644867. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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