Schultz Family Foundation

Foundation · Grantmaker Jackson, MI EIN: 37-2055914

Schultz Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Jackson, MI. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $519K in total assets. In 2024, it awarded 7 grants totaling $24K. Net investment income was $27K.

Key facts about Schultz Family Foundation

EIN: 37-2055914
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $23,600
Grants made (2024): 7
Average grant: $3,371
Median grant: $3,000
Total assets: $519,143
Primary geography: Michigan (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Schultz Family Foundation funds

By grant dollars, the top recipient states for Schultz Family Foundation's 7 itemized 2024 grants were Michigan (100%). The most frequent recipient cities were Jackson, MI (4 grants). 100% of grants with a stated purpose were for general or operating support.

How Schultz Family Foundation gives

In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Schultz Family Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$519K

+2.2% YoY

Annual Giving

$24K

+372.0% YoY

Grant Count

+250.0% YoY

Avg Grant Size

$3K

+34.9% YoY

Under IRS private-foundation payout rules, Schultz Family Foundation reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.

About Schultz Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $24K (100%)

Share of all 7 itemized 2024 grant dollars.

States

Michigan

Cities

JacksonCedarChelseaPleasant LakeTraverse City

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$519,143	$508,009	$499,199
Revenue	$39,739	$14,760	$500,039
Expenses	$28,605	$5,950	$840
Qualifying Distributions	$25,903	$5,475	—
Net Investment Income	$27,437	$14,285	—
Distributable Amount	$25,574	$24,946	$2,229

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2022–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

9 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Jackson Catholic Schools ($7,500), The St Louis Center ($3,000), Birthline of Jackson Inc ($3,000).

Recipient	Purpose	Amount
JACKSON CATHOLIC SCHOOLS Jackson, MI	GENERAL SUPPORT	$7,500
THE ST LOUIS CENTER Chelsea, MI	GENERAL SUPPORT	$3,000
BIRTHLINE OF JACKSON INC Jackson, MI	GENERAL SUPPORT	$3,000
SHOP RAT FOUNDATION Pleasant Lake, MI	GENERAL SUPPORT	$3,000
HOLY ROSARY CHURCH Cedar, MI	GENERAL SUPPORT	$2,600
COMPASSIONATE MINISTRIES OF JACKSON COUNTY Jackson, MI	GENERAL SUPPORT	$2,500
ST MARY STAR OF THE SEA PARISH JACKSON Jackson, MI	GENERAL SUPPORT	$2,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Lawrence Schultz	President	0.5	—
Michael Robbins	Secretary/Treasurer	0.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Schultz Family Foundation?

Schultz Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Jackson, MI. It holds $519K in total assets as of 2024.

How large is Schultz Family Foundation?

As of 2024, Schultz Family Foundation holds $519K in total assets with $40K in annual revenue. It awarded 7 grants totaling $24K in 2024.

Where does Schultz Family Foundation operate?

Schultz Family Foundation has awarded grants in Michigan.

What size grants does Schultz Family Foundation award?

In 2024, Schultz Family Foundation awarded 7 grants totaling $24K — an average of about $3K 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 $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.