Schultz Family Foundation
The Schultz Family Foundation is a private grantmaking foundation established in 1996 and based in Seattle, Washington. The foundation operates as a 501(c)(3) organization with tax-exempt status since March 1998. It functions as a non-operating foundation focused on philanthropic grantmaking and works to create greater economic opportunity accessible to all people, with particular emphasis on young people entering adulthood.
Key facts about Schultz Family Foundation
- EIN
- 91-1746414
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $12,144,851
- Grants made (2024)
- 66
- Average grant
- $184,013
- Median grant
- $100,000
- New grantees (estimate)
- 44% first-time grantees (29 of 66, 2024)
- Total assets
- $355,214,490
- Primary geography
- Washington (20% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Schultz Family Foundation funds
By grant dollars, the top recipient states for Schultz Family Foundation's 66 itemized 2024 grants were Washington (20%), District of Columbia (14%) and Pennsylvania (11%). The most frequent recipient cities were Seattle, WA (15 grants), Washington, DC (8 grants), New York, NY (6 grants) and San Francisco, CA (2 grants). None of its 66 grants with a stated purpose were described as general or operating support. Recurring purposes include "Further Charitable Goals" (66 grants).
Is Schultz Family Foundation open to new grantees?
44%
first-time grantees, 2024
In 2024, 29 of 66 grantees (44%) were first-time recipients. First grants averaged $132K; repeat grants $225K. How we count
Medians: $100K first-time, $100K repeat.
- 42% of 2024 grantees were also funded in 2023. Method
- Giving fell 45% from 2021 to 2024. Method
- In 2024 it paid out 140% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Schultz Family Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$355.2M
-5.3% YoY
Annual Giving
$12.1M
-12.4% YoY
Grant Count
66
-15.4% YoY
Avg Grant Size
$184K
+3.6% YoY
Under IRS private-foundation payout rules, Schultz Family Foundation reported a distributable amount of $17.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on creating pathways of opportunity for populations facing barriers to success. The organization works to create greater economic opportunity, accessible to all people, with a focus on young people entering adulthood.
Primary funding areas include:
- Education
- Health and human services
- Family services
- Child welfare
- Philanthropy and grantmaking
- Youth transition to adulthood
- Youth homelessness prevention
- Career pathways and national service
Grantmaking
The foundation employs a distinctive multi-sector partnership model that leverages collaboration among philanthropy, business, government, and nonprofit organizations. Their grantmaking methodology includes:
Grant Range
$50,000
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in:
- Primary focus states: Washington, New York, and the District of Columbia
- Additional funding regions: Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Michigan, Minnesota, Missouri, and 17 additional states
- Major cities supported: New York, Los Angeles, and Chicago
- The foundation's grantmaking reaches organizations across numerous cities and states throughout the United States
- New York, Washington, and California account for 53% of all grants
Grant Distribution by State
Share of all 66 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total assets: $375.2 million
- Total revenue: $11.7 million
- Total expenses: $19.6 million
- Total liabilities: $37,100
Additional Financial Data (2024):
- Total assets: $355.2 million
- Annual income: $39.7 million
- Total giving: $12.1 million to $22 million annually
Asset Growth:
- Assets have grown from $24.3 million in 2011 to $355.2 million in 2024
Note: The foundation reports that its filings do not reflect the Schultz Family's total financial investment in projects supporting youth transition to adulthood and other charitable activities, as additional funding from the Schultz Family is directed through a donor advised fund.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $355,214,490 | $375,194,129 | $389,719,271 |
| Revenue | $27,378,344 | $11,660,132 | $5,788,082 |
| Expenses | $24,983,454 | $19,618,861 | $21,938,006 |
| Qualifying Distributions | $24,512,116 | $19,188,714 | $20,102,829 |
| Net Investment Income | $27,096,105 | $11,395,409 | $6,215,590 |
| Distributable Amount | $17,534,447 | $19,052,578 | $19,070,740 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
503 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Burning Glass Institute ($1,350,000), Youthcare ($1,080,000), Syracuse University ($750,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BURNING GLASS INSTITUTE Bala Cynwyd, PA | FURTHER CHARITABLE GOALS | $1,350,000 |
| YOUTHCARE Seattle, WA | FURTHER CHARITABLE GOALS | $1,080,000 |
| SYRACUSE UNIVERSITY Syracuse, NY | FURTHER CHARITABLE GOALS | $750,000 |
| NORTHERN MICHIGAN UNIVERSITY FOUNDATION Marquette, MI | FURTHER CHARITABLE GOALS | $500,000 |
| SKILLUP COALITION San Francisco, CA | FURTHER CHARITABLE GOALS | $500,000 |
| UNITED SERVICE ORGANIZATION INC Washington, DC | FURTHER CHARITABLE GOALS | $500,000 |
| VETJOBS Fort Meyers, FL | FURTHER CHARITABLE GOALS | $500,000 |
| NATIONAL GOVERNORS ASSOCIATION CENTER FOR BEST PRACTICES Washington, DC | FURTHER CHARITABLE GOALS | $470,000 |
| SERVEMINNESOTA Minneapolis, MN | FURTHER CHARITABLE GOALS | $445,000 |
| BUILDING CHANGES Seattle, WA | FURTHER CHARITABLE GOALS | $400,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Howard Schultz - Co-founder
- Sheri Kersch-Schultz - Co-founder and leadership
- Tyra Mariani - President (served until September 2023)
- Alison Green - Principal Officer/Chief Operating Officer
- The foundation is governed by 5 officers and trustees
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sheri Kersch-Schultz | Trustee | 25 | — |
| Howard Schultz | Trustee | 10 | — |
| Addison Schultz | Trustee | 3 | — |
| Vivek Varma | Vice Chair | 35 | $427,812 |
| Renee Ryan | COO & Gen. Counsel | 20 | $213,141 |
Recent News & Activity
Recent developments and announcements
The foundation launched the 2024 American Opportunity Index as part of continued programmatic efforts
Recent grantmaking has focused on career-connected learning opportunities, with awards of $3.3 million distributed to 15 organizations offering students career-connected learning opportunities
Catalyze Awards $3.3 Million to 15 Organizations Offering Students ...The foundation partners with organizations like Jobs for the Future to advance youth career navigation
WDC Partners with Jobs for the Future to Advance Youth Career ...Continued emphasis on youth homelessness prevention strategies and diversion programs
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Schultz Family Foundation fund?
The foundation's mission centers on creating pathways of opportunity for populations facing barriers to success. The organization works to create greater economic opportunity, accessible to all people, with a focus on young people entering adulthood. Primary funding areas include: • **Education** • **Health and human services** • **Family services** • **Child welfare** • **Philanthropy and grantmaking** • **Youth transition to adulthood** • **Youth homelessness prevention** • **Career pathways …
How do I apply for a grant from Schultz Family Foundation?
The foundation employs a distinctive multi-sector partnership model that leverages collaboration among philanthropy, business, government, and nonprofit organizations. Their grantmaking methodology includes: **Process Components:** • Multi-sector partnership development • Prototyping and co-design of solutions • Data gathering and research from partners and lived experiences • Development of proofs of concept • Iterative refinement and risk mitigation • Scaling efforts with advocacy for public …
Where does Schultz Family Foundation make grants?
The foundation primarily supports organizations in: • **Primary focus states:** Washington, New York, and the District of Columbia • **Additional funding regions:** Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Michigan, Minnesota, Missouri, and 17 additional states • **Major cities supported:** New York, Los Angeles, and Chicago • The foundation's grantmaking reaches organizations across numerous …
What size grants does Schultz Family Foundation award?
In 2024, Schultz Family Foundation awarded 66 grants totaling $12.1M — an average of about $184K 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 $17.5M 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 91-1746414. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.