Schrage Family Foundation Inc
Schrage Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MERRILLVILLE, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $978K in total assets. In 2024, it awarded 1 grants totaling $49K. Net investment income was $64K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$978K
+1.5% YoY
Annual Giving
$49K
+0.9% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$49K
+0.9% YoY
Under IRS private-foundation payout rules, Schrage Family Foundation Inc reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.
About Schrage Family Foundation Inc
Based on IRS filings
Schrage Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MERRILLVILLE, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $978K in total assets. In 2024, it awarded 1 grants totaling $49K. Net investment income was $64K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $977,846 | $963,212 | $993,447 |
| Revenue | $72,328 | $26,153 | $1,001,896 |
| Expenses | $57,693 | $56,473 | $8,449 |
| Qualifying Distributions | $49,345 | $48,895 | — |
| Net Investment Income | $64,246 | $18,969 | — |
| Distributable Amount | $49,948 | $49,345 | $48,895 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Care Inc ($49,345).
| Recipient | Purpose | Amount |
|---|---|---|
| CARE INC MERRILLVILLE, IN | CHARITABLE | $49,345 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL E SCHRAGE | PRESIDENT | — | — |
| JILL R SCHRAGE | VICE PRESIDENT | — | — |
| DONNA HAMMERSMITH | SECRETARY/TREASURER | — | — |
| LAURA S CAMPBELL | DIRECTOR | — | — |
| MELISSA S CONTRUCCI | DIRECTOR | — | — |
| STEPHANIE A SCHRAGE | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Schrage Family Foundation Inc?
Schrage Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MERRILLVILLE, IN. It holds $978K in total assets as of 2024.
How large is Schrage Family Foundation Inc?
As of 2024, Schrage Family Foundation Inc holds $978K in total assets with $72K in annual revenue. It awarded 1 grants totaling $49K in 2024.
Where does Schrage Family Foundation Inc operate?
Schrage Family Foundation Inc has awarded grants in Indiana.
What size grants does Schrage Family Foundation Inc award?
In 2024, Schrage Family Foundation Inc awarded 1 grants totaling $49K — an average of about $49K per grant, based on its IRS Form 990 filings.
How much is Schrage Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Schrage Family Foundation Inc reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Schrage Family Foundation Inc's EIN?
Schrage Family Foundation Inc's EIN (Employer Identification Number) is 83-2306786. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Schrage Family Foundation Inc'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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