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.
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
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 |
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 include Care Guide Partners Pace ($300,000), Ringling College of Art and Design ($50,000), Southeastern Guide Dogs ($35,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BERNHEIM ARBORETUM AND RESEARCH FOREST CLERMONT, KY | ALL CONTRIBUTIONS ARE MADE TO FURTHER THE | $2,000 |
| CASA OF THE HEARTLAND ELIZABETHTOWN, KY | CHARITABLE PURPOSES OF THE RECIPIENT ORGANIZATIONS. | $10,000 |
| CARE GUIDE PARTNERS PACE ELIZABETHTOWN, KY | SEE ABOVE | $300,000 |
| CLARITY SOLUTIONS OAKLAND, CA | SEE ABOVE | $3,500 |
| DOGS INC PALMETTO, FL | SEE ABOVE | $30,000 |
| FACE AUTISM INC SARASOTA, FL | SEE ABOVE | $1,000 |
| GREENSPACE INC ELIZABETHTOWN, KY | SEE ABOVE | $10,000 |
| HABITAT FOR HUMANITY ELIZABETHTOWN, KY | SEE ABOVE | $10,000 |
| KCTCS VERSAILLES, KY | SEE ABOVE | $10,000 |
| PROJECT LEARN INC ELIZABETHTOWN, KY | SEE ABOVE | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in Schmidt Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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