Schultz Family Foundation

COLORADO SPRINGS, CO EIN: 20-3951062

Schultz Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $230K. Net investment income was $15K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$265K

-44.9% YoY

Annual Giving

$230K

+6.5% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$230K

+6.5% YoY

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.

About Schultz Family Foundation

Based on IRS filings

Schultz Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $230K. Net investment income was $15K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

13states
+5 more states

Cities

AlexandriaArlingtonAvocaBoys TownChamberlainColorado SpringsCouncil BluffsEdgefieldHarlanHoustonJohnstonKansas CityMemphisMerrifieldMissoulaNebraska CityOaklandSanta MonicaSpirit LakeTopeka

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$64K$128K$193K$257K20202021202220232024
Metric202420232022
Total Assets$264,524$479,799$576,705
Revenue$18,078$14,887$19,263
Expenses$233,376$222,518$42,111
Qualifying Distributions$3,376$6,518$6,976
Net Investment Income$14,702$9,720$12,287
Distributable Amount$18,618$26,679$31,266

Giving Over Time

Total grant dollars and number of grants per year

$0$58K$115K$173K$230K24 grants202012 grants202114 grants20221 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

CITY OF AVOCA$230K

Grant Size Distribution

52 grants across all recorded years

50<$50K$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include City of Avoca ($230,000).

RecipientPurposeAmount
CITY OF AVOCA AVOCA, IACOMMUNITY CENTER BUILDING$230,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
KATHRYN A SCHULTZPRESIDENT
KENT SCHULTZSECRETARY
GARY SCHULTZDIRECTOR

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Schultz Family Foundation?

Schultz Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLORADO SPRINGS, CO. It holds $265K in total assets as of 2024.

How large is Schultz Family Foundation?

As of 2024, Schultz Family Foundation holds $265K in total assets with $18K in annual revenue. It awarded 1 grants totaling $230K in 2024.

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 size grants does Schultz Family Foundation award?

In 2024, Schultz Family Foundation awarded 1 grants totaling $230K — an average of about $230K per grant, based on its IRS Form 990 filings.

How much is Schultz Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Schultz Family Foundation reported a distributable amount of $19K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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