Schott Foundation
Schott Foundation is a private foundation, based in Chanhassen, MN. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $6.1M in total assets. In 2026, it awarded 7 grants totaling $338K. Net investment income was $69K.
Schott Foundation at a glance
In short: Schott Foundation gave $338K across 7 grants in 2026 (avg $48K), mostly in Minnesota. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $338,000
- +1.5% vs 2025
- Grants made (2026)
- 7
- +0.0% vs 2025
- Average grant
- $48,286
- +1.5% vs 2025
- Median grant
- $50,000
- Total assets
- $6,141,464
- -5.6% vs 2025
- Primary geography
- Minnesota (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Schott Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2026
The largest 2026 recipient was Minndependent ($100K). Together the top 7 received $338K.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was under $50K: 17 grants of 35 (49%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 7 itemized grants.
States
Cities
How Schott Foundation gives
- Giving held roughly steady from 2023 to 2026 (+5%). Method
- In 2026 it paid out 92% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2026, annual grant giving ranged from $292K (2021) to $338K (2026). In 2026 it made 7 grants totaling $338K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Minndependent Edina, MN | Operating Support | $100,000 |
| Twin Cities Public Television Inc Saint Paul, MN | Operating Support | $60,000 |
| Northern Star Council Fort Snelling, MN | Operating Support | $57,000 |
| The Nature Conservancy Minneapolis, MN | Operating Support | $50,000 |
| The Works Museum Bloomington, MN | Operating Support | $45,000 |
| Bestprep Brooklyn Park, MN | Operating Support | $20,000 |
| MN Society of Prof Engineers Fdn Minneapolis, MN | Operating Support | $6,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $6,141,464 | $47,314 | $412,779 | $338,000 | 7 | $339,944 | $68,659 | $370,956 |
| 2025 | $6,508,038 | $612,791 | $383,288 | $333,000 | 7 | $334,877 | $569,380 | $344,304 |
| 2024 | $6,278,535 | $115,226 | $444,813 | $330,000 | 7 | $340,449 | $166,087 | $324,011 |
| 2023 | $6,608,122 | $4,505,792 | $374,096 | $323,000 | 7 | $333,913 | $4,466,221 | $267,840 |
| 2022 | $2,476,426 | $192,757 | $376,980 | $336,227 | 7 | $347,166 | $164,995 | $359,987 |
| 2021 | $2,660,649 | $210,842 | $337,993 | $292,000 | 7 | — | $179,245 | $306,644 |
Under IRS private-foundation payout rules, Schott Foundation reported a distributable amount of $371K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Schott Foundation is led by Owen Schott, President since 2022 (on filings since 2021); none of the 5 officers listed in 2026 report compensation.
Officers on the 2026 filing
Owen Schott
President
CEO & Director → President, 2022
On filings since 2021
0.5 hrs/week
No compensation reported
Owen Schott Jr.
Director
Secretary → Director, 2026
On filings since 2022
0.5 hrs/week
No compensation reported
Meg Dawson
Director
New on the 2026 filing
0.5 hrs/week
No compensation reported
Wendell Schott
Treasurer
Vice President & Director → Treasurer, 2022
On filings since 2021
2 hrs/week
$8K (2021) → $0 (2026)
Amy Schott
Secretary
New on the 2026 filing
0.5 hrs/week
No compensation reported
Former officers (1)
- Former: Jacqueline Schott (2021) — Director
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $9K, to Wendell Schott (Treasurer).
Frequently asked questions about Schott Foundation
How much does Schott Foundation give each year?
Schott Foundation gave $338K across 7 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $333K across 7 grants.
What is Schott Foundation's typical grant size?
Schott Foundation's median grant in 2026 was $50,000, and its average grant was $48,286, across 7 grants on its 2026 IRS Form 990-PF.
Where does Schott Foundation give grants?
Schott Foundation gives mostly in Minnesota: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Minneapolis, MN (2 grants).
Does Schott Foundation give general operating support?
Yes: 100% of Schott Foundation's 2026 grants with a stated purpose (7 of 7) were for general or operating support, per its 2026 IRS Form 990-PF.
Who are Schott Foundation's largest grantees?
Schott Foundation's largest 2026 grantees include Minndependent ($100,000), Twin Cities Public Television Inc ($60,000) and Northern Star Council ($57,000), according to its 2026 IRS Form 990-PF. Together they received 64% of its itemized 2026 grant dollars.
How large is Schott Foundation?
Schott Foundation reported $6.1M in total assets on its 2026 IRS Form 990-PF. It paid out $340K in qualifying distributions that year, against a required minimum of $371K (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 Schott Foundation's EIN?
Schott Foundation's EIN (Employer Identification Number) is 41-1392014. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 5, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 4, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 10, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 25, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS July 14, 2025)
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 17, 2026)
- IRS filings on file for fiscal years 2021–2025
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