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 2019 through 2025. As of 2025, the organization holds $4.5M in total assets. In 2025, it awarded 5 grants totaling $322K. Net investment income was $193K.
Schmidt Family Foundation at a glance
In short: Schmidt Family Foundation gave $322K across 5 grants in 2025 (avg $64K), mostly in Kentucky. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $322,000
- -34.9% vs 2024
- Grants made (2025)
- 5
- -61.5% vs 2024
- Average grant
- $64,400
- +69.1% vs 2024
- Median grant
- $10,000
- Total assets
- $4,511,653
- -2.9% vs 2024
- Primary geography
- Kentucky (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Schmidt Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Care Guide Partners Pace ($300K). Together the top 5 received $322K.
Grant Size Distribution
59 grants across all recorded years
The most common grant size was under $50K: 51 grants of 59 (86%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Schmidt Family Foundation gives
- Giving held roughly steady from 2022 to 2025 (−15%). Method
- In 2025 it paid out 126% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $181K (2023) to $495K (2024). In 2025 it made 5 grants totaling $322K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Care Guide Partners Pace Elizabethtown, KY | The All Contributions Are Made to Further | $300,000 |
| CASA of the Heartland Elizabethtown, KY | Charitable Purposes of the Recipient Organizations. | $10,000 |
| Habitat for Humanity Elizabethtown, KY | See Above | $10,000 |
| Elizabethtown Rotary Club Bowling Green, KY | See Above | $1,000 |
| Face Autism Inc Ellenton, FL | See Above | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,511,653 | $207,983 | $343,826 | $322,000 | 5 | $328,426 | $192,583 | $259,793 |
| 2024 | $4,647,496 | $452,411 | $512,200 | $495,000 | 13 | $496,350 | $436,561 | $240,944 |
| 2023 | $4,707,285 | $139,191 | $200,100 | $180,500 | 15 | $181,800 | $122,891 | $246,644 |
| 2022 | $4,768,194 | $121,015 | $395,000 | $377,000 | 15 | $378,250 | $104,265 | $257,303 |
| 2021 | $5,042,179 | $107,118 | $319,507 | $300,000 | 11 | $301,278 | $91,889 | $277,468 |
| 2020 | $5,254,568 | $181,718 | $315,625 | $296,000 | 14 | — | $166,358 | $281,134 |
| 2019 | $5,388,475 | $140,755 | $305,668 | $287,100 | 12 | — | $126,952 | $279,733 |
Under IRS private-foundation payout rules, Schmidt Family Foundation reported a distributable amount of $260K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Schmidt Family Foundation is led by Lawrence Schmidt, President since 2025 (on filings since 2019) — the only officer listed, and uncompensated.
Officers on the 2025 filing
Lawrence Schmidt
President
Secretary-Treasurer → President, 2025
On filings since 2019
2 hrs/week
No compensation reported
Former officers (1)
- Former: Janet B. Schmidt (2019–2024) — President
Data from IRS Form 990 filings, 2019–2025. "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 Family Foundation
How much does Schmidt Family Foundation give each year?
Schmidt Family Foundation gave $322K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $495K across 13 grants.
What is Schmidt Family Foundation's typical grant size?
Schmidt Family Foundation's median grant in 2025 was $10,000, and its average grant was $64,400, across 5 grants on its 2025 IRS Form 990-PF.
Where does Schmidt Family Foundation give grants?
Schmidt Family Foundation gives mostly in Kentucky: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Elizabethtown, KY (3 grants).
Does Schmidt Family Foundation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Schmidt Family Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "See Above" (3 grants).
Who are Schmidt Family Foundation's largest grantees?
Schmidt Family Foundation's largest 2025 grantees include Care Guide Partners Pace ($300,000), CASA of the Heartland ($10,000) and Habitat for Humanity ($10,000), according to its 2025 IRS Form 990-PF. Together they received 99% of its itemized 2025 grant dollars.
How large is Schmidt Family Foundation?
Schmidt Family Foundation reported $4.5M in total assets on its 2025 IRS Form 990-PF. It paid out $328K in qualifying distributions that year, against a required minimum of $260K (roughly 5% of its investment assets).
What is Schmidt Family Foundation?
Schmidt Family Foundation is a private foundation focused on Arts, Culture & Humanities, based in Sarasota, FL. It holds $4.5M in total assets as of 2025.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS September 3, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 4, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Schmidt Family Foundation funds
Arts, Culture & Humanities Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Schmidt Family Foundation's focus areas in our free grants database
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