Schmidt Family Foundation
Schmidt Family Foundation is a private foundation focused on Arts, Culture & Humanities, based in Sarasota, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.6M in total assets. In 2024, it awarded 13 grants totaling $495K. Net investment income was $437K.
Key facts about Schmidt Family Foundation
- EIN
- 61-0921414
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $495,000
- Grants made (2024)
- 13
- Average grant
- $38,077
- Median grant
- $10,000
- New grantees (estimate)
- 23% first-time grantees (3 of 13, 2024)
- Total assets
- $4,647,496
- Primary geography
- Kentucky (70% 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 Schmidt Family Foundation funds
By grant dollars, the top recipient states for Schmidt Family Foundation's 13 itemized 2024 grants were Kentucky (70%) and Florida (29%). The most frequent recipient cities were Elizabethtown, KY (5 grants), Sarasota, FL (3 grants) and Palmetto, FL (2 grants). None of its 13 grants with a stated purpose were described as general or operating support. Recurring purposes include "See Above" (11 grants).
Is Schmidt Family Foundation open to new grantees?
23%
first-time grantees, 2024
In 2024, 3 of 13 grantees (23%) were first-time recipients. First grants averaged $113K; repeat grants $16K. How we count
Medians: $30K first-time, $10K repeat.
- 77% of 2024 grantees were also funded in 2023. Method
- Giving grew 65% from 2021 to 2024. Method
- In 2024 it paid out 206% 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 Schmidt Family Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.6M
-1.3% YoY
Annual Giving
$495K
+174.2% YoY
Grant Count
13
-13.3% YoY
Avg Grant Size
$38K
+216.4% YoY
Under IRS private-foundation payout rules, Schmidt Family Foundation reported a distributable amount of $241K for 2024 — the minimum it must pay out in qualifying distributions.
About Schmidt Family Foundation
Based on IRS filings
Schmidt Family Foundation is a private foundation focused on Arts, Culture & Humanities, based in Sarasota, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.6M in total assets. In 2024, it awarded 13 grants totaling $495K. Net investment income was $437K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,647,496 | $4,707,285 | $4,768,194 |
| Revenue | $452,411 | $139,191 | $121,015 |
| Expenses | $512,200 | $200,100 | $395,000 |
| Qualifying Distributions | $496,350 | $181,800 | $378,250 |
| Net Investment Income | $436,561 | $122,891 | $104,265 |
| Distributable Amount | $240,944 | $246,644 | $257,303 |
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
68 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Care Guide Partners Pace ($300,000), Ringling College of Art and Design ($50,000), Southeastern Guide Dogs ($35,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CARE GUIDE PARTNERS PACE Elizabethtown, KY | SEE ABOVE | $300,000 |
| RINGLING COLLEGE OF ART AND DESIGN Sarasota, FL | SEE ABOVE | $50,000 |
| SOUTHEASTERN GUIDE DOGS Palmetto, FL | SEE ABOVE | $35,000 |
| DOGS INC Palmetto, FL | SEE ABOVE | $30,000 |
| SPARCC Sarasota, FL | SEE ABOVE | $30,000 |
| CASA OF THE HEARTLAND Elizabethtown, KY | CHARITABLE PURPOSES OF THE RECIPIENT ORGANIZATIONS. | $10,000 |
| GREENSPACE INC Elizabethtown, KY | SEE ABOVE | $10,000 |
| HABITAT FOR HUMANITY Elizabethtown, KY | SEE ABOVE | $10,000 |
| KCTCS Versailles, KY | SEE ABOVE | $10,000 |
| CLARITY SOLUTIONS Oakland, CA | SEE ABOVE | $3,500 |
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 |
|---|---|---|---|
| Janet B Schmidt | President | 2 | — |
| Lawrence Schmidt | Secretary-Treasurer | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Schmidt Family Foundation?
Schmidt Family Foundation is a private foundation focused on Arts, Culture & Humanities, based in Sarasota, FL. It holds $4.6M in total assets as of 2024.
How large is Schmidt Family Foundation?
As of 2024, Schmidt Family Foundation holds $4.6M in total assets with $452K in annual revenue. It awarded 13 grants totaling $495K in 2024.
Where does Schmidt Family Foundation operate?
Schmidt Family Foundation has awarded grants in California, Florida, Georgia, Kentucky, Virginia.
What size grants does Schmidt Family Foundation award?
In 2024, Schmidt Family Foundation awarded 13 grants totaling $495K — an average of about $38K per grant, based on its IRS Form 990 filings.
How much is Schmidt Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Schmidt Family Foundation reported a distributable amount of $241K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Schmidt Family Foundation's EIN?
Schmidt Family Foundation's EIN (Employer Identification Number) is 61-0921414. 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.