Schultz Family Foundation
Schultz Family Foundation is a private foundation, based in Colorado Springs, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $265K in total assets. In 2024, it awarded 1 grant totaling $230K. Net investment income was $15K.
Schultz Family Foundation at a glance
In short: Schultz Family Foundation gave $230K across 1 grant in 2024 (avg $230K), mostly in Iowa. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $230,000
- +6.5% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $230,000
- +6.5% vs 2023
- Median grant
- $230,000
- Total assets
- $264,524
- -44.9% vs 2023
- Primary geography
- Iowa (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Schultz Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was City of Avoca ($230K).
Grant Size Distribution
52 grants across all recorded years
The most common grant size was under $50K: 50 grants of 52 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Schultz Family Foundation gives
- Giving grew 600% from 2021 to 2024. Method
- In 2024 it paid out 18% 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 2020 to 2024, annual grant giving ranged from $33K (2021) to $230K (2024). In 2024 it made 1 grant totaling $230K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of Avoca Avoca, IA | Community Center Building | $230,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $264,524 | $18,078 | $233,376 | $230,000 | 1 | $3,376 | $14,702 | $18,618 |
| 2023 | $479,799 | $14,887 | $222,518 | $216,000 | 1 | $6,518 | $9,720 | $26,679 |
| 2022 | $576,705 | $19,263 | $42,111 | $35,135 | 14 | $6,976 | $12,287 | $31,266 |
| 2021 | $670,109 | $79,675 | $39,918 | $32,860 | 12 | $32,860 | $79,675 | — |
| 2020 | $630,352 | $4,245 | $6,416 | $34,035 | 24 | — | $4,245 | — |
Under IRS private-foundation payout rules, Schultz Family Foundation reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Schultz Family Foundation is led by Kathryn A. Schultz, President since 2023 (on filings since 2021); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kathryn A. Schultz
President
Secretary → President, 2023
On filings since 2021
No compensation reported
Gary Schultz
Director
On filings since 2023
No compensation reported
Kent Schultz
Secretary
On filings since 2023
No compensation reported
Former officers (1)
- Former: Roy A. Schultz (2020–2022) — President
Data from IRS Form 990 filings, 2020–2024. "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 Schultz Family Foundation
How much does Schultz Family Foundation give each year?
Schultz Family Foundation gave $230K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $216K across 1 grant.
How large is Schultz Family Foundation?
Schultz Family Foundation reported $265K in total assets on its 2024 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $19K (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 Schultz Family Foundation operate?
Schultz Family Foundation has awarded grants in California, Colorado, District of Columbia, Iowa, Kansas, Missouri, Montana, Nebraska, South Carolina, South Dakota, Tennessee, Texas, Virginia.
What is Schultz Family Foundation's EIN?
Schultz Family Foundation's EIN (Employer Identification Number) is 20-3951062. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 11, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 3, 2023)
- IRS filings on file for fiscal years 2020–2024
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