SCHUG FOUNDATION co PEGGY COBB SCHUG
The Schug Foundation co Peggy Cobb Schug is a private foundation based in Charlotte, North Carolina. Its filings and listed grants show support for scholarships and tuition-related costs, with awards going to North Carolina residents and all 2025 grant dollars going to recipients in North Carolina.
SCHUG FOUNDATION co PEGGY COBB SCHUG at a glance
In short: SCHUG FOUNDATION co PEGGY COBB SCHUG gave $207K across 68 grants in 2025 (avg $3K), mostly in North Carolina. 30% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $206,908
- -3.0% vs 2024
- Grants made (2025)
- 68
- -4.2% vs 2024
- Average grant
- $3,043
- +1.2% vs 2024
- Median grant
- $2,392
- Total assets
- $797,349
- -14.4% vs 2024
- New grantees (estimate)
- 30% first-time grantees (17 of 57, 2025)
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to SCHUG FOUNDATION co PEGGY COBB SCHUG
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Its 2024 filing identifies the Schug Foundation Scholarship Application as the required form and materials. It states that scholarships are for North Carolina residents, with preference, to the extent feasible, for residents of Mecklenburg, Haywood, or Jackson counties.
- Review Cycle
- The filing states that the deadline for new applicants is April 30 each year. The April 30, 2026 deadline has passed.
- Deadline
- The filing states that the deadline for new applicants is April 30 each year.
- Contact
Application contact: Phillips M Bragg
Mailing address: 1031 S Caldwell St Ste 200, Charlotte, NC 28203
Phone: (704) 377-0261
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who SCHUG FOUNDATION co PEGGY COBB SCHUG funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was CPCC Foundation ($16K). Together the top 10 received $57K.
Organizations only. It also paid 12 grants to individuals ($38,109), which are not listed by name.
Grant Size Distribution
382 grants across all recorded years
The most common grant size was under $50K: 382 grants of 382 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in North Carolina. The foundation’s 2024 filing specifies North Carolina residency for scholarship recipients and states a preference, to the extent feasible, for residents of Mecklenburg, Haywood, or Jackson counties.
Grant Distribution by State
Share of 2025 grant dollars across all 68 itemized grants.
States
Cities
Is SCHUG FOUNDATION co PEGGY COBB SCHUG open to new grantees?
30%
first-time grantees, 2025
In 2025, 17 of 57 grantees (30%) were first-time recipients. First grants averaged $2K; repeat grants $3K. How we count
Medians: $2K first-time, $3K repeat.
- 68% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 494% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $192K (2023) to $275K (2020). In 2025 it made 68 grants totaling $207K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| CPCC Foundation Charlotte, NC | Tuition | $16,000 |
| Natalie Kirkindoll Clyde, NC | UNC Ashevilletuition | $6,000 |
| Jordan Braga Waynesville, NC | NC State Universitytuition | $5,024 |
| 11 grants to individuals Recipients not named | — | $36,609 |
| Taylor Sollie Clyde, NC | Gardner Webb Universitytuition | $4,875 |
| Ale'ja Wright Charlotte, NC | UNC Greensborotuition | $4,500 |
| Colin Decker Maggie Valley, NC | Davidson Collegetuition | $4,500 |
| Addison Grammatico Mooresville, NC | UNC Greensborotuition | $4,000 |
| Miyonah Whitaker Charlotte, NC | Duke Universitytuition | $4,000 |
| Destiny Gilliard Charlotte, NC | Fayetteville State Univtuition | $4,000 |
Ready to take the next step with SCHUG FOUNDATION co PEGGY COBB SCHUG?
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 | $797,349 | $82,314 | $236,434 | $206,908 | 68 | $206,908 | $63,310 | $41,877 |
| 2024 | $931,936 | $758,078 | $231,103 | $213,377 | 71 | $213,377 | $795,304 | $29,318 |
| 2023 | $335,503 | $11,619 | $205,647 | $192,111 | 72 | $192,111 | $63,683 | $18,863 |
| 2022 | $491,892 | $14,084 | $227,695 | $207,580 | 79 | $207,580 | $51,806 | $28,874 |
| 2021 | $804,687 | $18,214 | $227,172 | $204,596 | 92 | $204,596 | $111,860 | $41,897 |
| 2020 | $912,165 | $25,116 | $295,273 | $275,403 | 97 | — | $82,829 | $45,865 |
Under IRS private-foundation payout rules, SCHUG FOUNDATION co PEGGY COBB SCHUG reported a distributable amount of $42K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement is provided in the available information. The foundation’s 2024 filing describes scholarship awards for North Carolina residents. Its 2025 grants include tuition support at colleges and universities, and one grant also lists a laptop.
Grantmaking
In filing year 2025, the foundation reported 68 grants totaling $206,908. Grant amounts ranged from $1,000 to $16,000, with a median of $2,392. The largest grant was $16,000 to CPCC Foundation in Charlotte for tuition. Other notable grants included $6,000 for tuition at UNC Asheville and $5,024 for tuition at NC State University. The remaining listed awards include tuition support at Gardner-Webb University, UNC Greensboro, Davidson College, Duke University, Winston-Salem State University, Fayetteville State University, and Western Carolina University.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists John B Schug and Peggy C Schug as trustees.
SCHUG FOUNDATION co PEGGY COBB SCHUG's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
John B. Schug
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Peggy C. Schug
Trustee
On filings since 2020
2 hrs/week
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 SCHUG FOUNDATION co PEGGY COBB SCHUG
How much does SCHUG FOUNDATION co PEGGY COBB SCHUG give each year?
SCHUG FOUNDATION co PEGGY COBB SCHUG gave $207K across 68 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $213K across 71 grants.
What is SCHUG FOUNDATION co PEGGY COBB SCHUG's typical grant size?
SCHUG FOUNDATION co PEGGY COBB SCHUG's median grant in 2025 was $2,392, and its average grant was $3,043, across 68 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from SCHUG FOUNDATION co PEGGY COBB SCHUG that year got $2K on average.
Where does SCHUG FOUNDATION co PEGGY COBB SCHUG give grants?
SCHUG FOUNDATION co PEGGY COBB SCHUG gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Charlotte, NC (19 grants), Waynesville, NC (16 grants), Clyde, NC (11 grants) and Maggie Valley, NC (2 grants).
Does SCHUG FOUNDATION co PEGGY COBB SCHUG give general operating support?
Not in 2025: none of the 68 grants with a stated purpose on SCHUG FOUNDATION co PEGGY COBB SCHUG's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "UNC Charlottetuition" (6 grants), "UNC Greensborotuition" (5 grants) and "NC State Universitytuition" (5 grants).
Who are SCHUG FOUNDATION co PEGGY COBB SCHUG's largest grantees?
SCHUG FOUNDATION co PEGGY COBB SCHUG's largest 2025 grantees include CPCC Foundation ($16,000), Natalie Kirkindoll ($6,000) and Jordan Braga ($5,024), according to its 2025 IRS Form 990-PF. It also paid 12 grants to individuals ($38,109), which are not listed by name. Together they received 13% of its itemized 2025 grant dollars.
How large is SCHUG FOUNDATION co PEGGY COBB SCHUG?
SCHUG FOUNDATION co PEGGY COBB SCHUG reported $797K in total assets on its 2025 IRS Form 990-PF. It paid out $207K in qualifying distributions that year, against a required minimum of $42K (roughly 5% of its investment assets).
What does SCHUG FOUNDATION co PEGGY COBB SCHUG fund?
No mission statement is provided in the available information. The foundation’s 2024 filing describes scholarship awards for North Carolina residents. Its 2025 grants include tuition support at colleges and universities, and one grant also lists a laptop. See mission & focus areas ↑
How do I apply for a grant from SCHUG FOUNDATION co PEGGY COBB SCHUG?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is SCHUG FOUNDATION co PEGGY COBB SCHUG's EIN?
SCHUG FOUNDATION co PEGGY COBB SCHUG's EIN (Employer Identification Number) is 56-6583795. IRS Form 990 filing data is available on this page for 2020–2025.
Does SCHUG FOUNDATION co PEGGY COBB SCHUG accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 29, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 3, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 24, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2020–2025
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