Schrage Family Foundation Inc
Schrage Family Foundation Inc is a private foundation, based in Merrillville, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $955K in total assets. In 2025, it awarded 1 grant totaling $50K. Net investment income was $31K.
Schrage Family Foundation Inc at a glance
In short: Schrage Family Foundation Inc gave $50K across 1 grant in 2025 (avg $50K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $49,948
- +1.2% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $49,948
- +1.2% vs 2024
- Median grant
- $49,948
- Total assets
- $955,499
- -2.3% vs 2024
- Primary geography
- Indiana (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 Schrage Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Care Inc ($50K).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Schrage Family Foundation Inc gives
- In 2025 it paid out 98% 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 2023 to 2025, annual grant giving ranged from $49K (2023) to $50K (2025). In 2025 it made 1 grant totaling $50K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Care Inc Merrillville, IN | Charitable | $49,948 |
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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 | $955,499 | $39,391 | $61,091 | $49,948 | 1 | $49,948 | $31,186 | $51,139 |
| 2024 | $977,846 | $72,328 | $57,693 | $49,345 | 1 | $49,345 | $64,246 | $49,948 |
| 2023 | $963,212 | $26,153 | $56,473 | $48,895 | 1 | $48,895 | $18,969 | $49,345 |
| 2022 | $993,447 | $1,001,896 | $8,449 | — | — | — | — | $48,895 |
Under IRS private-foundation payout rules, Schrage Family Foundation Inc reported a distributable amount of $51K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Schrage Family Foundation Inc is led by Michael E. Schrage, President on every filing since 2020; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael E. Schrage
President
On filings since 2020
No compensation reported
Laura S. Campbell
Director
On filings since 2020
No compensation reported
Melissa S. Contrucci
Director
On filings since 2020
No compensation reported
Stephanie A. Schrage
Director
On filings since 2020
No compensation reported
Jill R. Schrage
Vice President
On filings since 2020
No compensation reported
Donna Hammersmith
Secretary & Treasurer
Secretary → Secretary & Treasurer, 2024
On filings since 2022
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Schrage Family Foundation Inc
How much does Schrage Family Foundation Inc give each year?
Schrage Family Foundation Inc gave $50K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $49K across 1 grant.
How large is Schrage Family Foundation Inc?
Schrage Family Foundation Inc reported $955K in total assets on its 2025 IRS Form 990-PF. It paid out $50K in qualifying distributions that year, against a required minimum of $51K (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.
Where does Schrage Family Foundation Inc operate?
Schrage Family Foundation Inc has awarded grants in Indiana.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 15, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 19, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in Schrage Family Foundation Inc's focus areas in our free grants database
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