The Schwab-Rosenhouse Memorial Foundation is a private foundation located in Sacramento, California, established in 1998. The foundation operates as a 501(c)(3) exempt private foundation with no employees. It primarily funds college scholarships and scholarship grants for deserving students in the Sacramento region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.8M
-0.9% YoY
Annual Giving
$278K
-3.9% YoY
Grant Count
118
-4.1% YoY
Avg Grant Size
$2K
+0.1% YoY
Under IRS private-foundation payout rules, Schwab-rosenhouse Memorial Foundation reported a distributable amount of $342K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary focus is supporting educational advancement through scholarship programs. The Schwab-Rosenhouse Memorial Scholarship Program encourages deserving students to pursue their educational and career goals by providing funds to continue their studies beyond high school.
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation serves the four-county Sacramento metropolitan area, including:
- El Dorado County
- Placer County
- Yolo County
- Sacramento County
Scholarship recipients must attend institutions located within 100 miles of the Sacramento County Courthouse.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $5,821,811
- Total Revenues: $328,567
- Total Expenses: $422,724
- Investment Income and Dividends: $172,819
- Net Gain from Sale of Non-Inventory Assets: $155,748
As of December 2023:
- Total Revenues: $374,461
- Investment Income and Dividends: $159,862
- Net Gain from Sale of Non-Inventory Assets: $214,599
The foundation's revenue declined 12.3% from 2023 to 2024, primarily due to a 27.4% decrease in gains from asset sales, partially offset by an 8.1% increase in investment income.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,821,811 | $5,875,484 | $5,912,220 |
| Revenue | $328,567 | $374,461 | $198,200 |
| Expenses | $422,724 | $414,452 | $405,988 |
| Qualifying Distributions | $340,199 | $351,685 | $331,600 |
| Net Investment Income | $249,510 | $316,028 | $123,812 |
| Distributable Amount | $342,033 | $309,406 | $317,906 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Kai Cheung ($5,000), Mckenna Berry ($5,000), Sofia Perez-lanza ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALIVIA SOWLES CITRUS HEIGHTS, CA | COLLEGE SCHOLARSHIP | $2,000 |
| ANDREA MENDOZA SAN JOSE, CA | COLLEGE SCHOLARSHIP | $2,000 |
| BROOKE HANSON RANCHO MURIETA, CA | COLLEGE SCHOLARSHIP | $1,000 |
| CHEYENNE SMITH ANTELOPE, CA | COLLEGE SCHOLARSHIP | $2,500 |
| JASMINE GIBSON SACRAMENTO, CA | COLLEGE SCHOLARSHIP | $3,500 |
| JOSHUA GLUCK LINCOLN, CA | COLLEGE SCHOLARSHIP | $4,500 |
| KAI CHEUNG ELK GROVE, CA | COLLEGE SCHOLARSHIP | $5,000 |
| LEILA LOPEZ CITRUS HEIGHTS, CA | COLLEGE SCHOLARSHIP | $3,000 |
| WADE TINSON CITRUS HEIGHTS, CA | COLLEGE SCHOLARSHIP | $1,000 |
| VERONICA GMYR ROCKLIN, CA | COLLEGE SCHOLARSHIP | $2,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Naomi Wilson — Interim Chief Financial Officer (as of April 2024)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SAC REG COMM FDN - SEE NOTE | Trustee | 1 | $105,409 |
| DR MARVIN KAMRAS | DIST. TRUSTEE | 0.4 | — |
| JULIE SMALL | DIST. TRUSTEE | 0.4 | — |
| FRANK GUMPERT | DIST. TRUSTEE | 0.4 | — |
| GAYLE GOVENAR | DIST. TRUSTEE | 0.4 | — |
| LYNN DEAN | DIST. TRUSTEE | 0.4 | — |
| CHRIS DROUIN | DIST. TRUSTEE | 0.4 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Schwab-rosenhouse Memorial Foundation fund?
The foundation's primary focus is supporting educational advancement through scholarship programs. The Schwab-Rosenhouse Memorial Scholarship Program encourages deserving students to pursue their educational and career goals by providing funds to continue their studies beyond high school.
How do I apply for a grant from Schwab-rosenhouse Memorial Foundation?
**Grant Amounts:** Awards range from $1,000 to $5,000 per year. **Grant Type:** College scholarships for high school graduates. **Recent Activity:** The foundation made 127 grants in the most recent reporting period. **Eligibility Requirements:** • Graduating high school seniors who have lived in El Dorado, Placer, Yolo, or Sacramento County, California for at least two years prior to application • Must meet California State residency requirements • Must be planning to enroll full-time at an ac…
Where does Schwab-rosenhouse Memorial Foundation make grants?
The foundation serves the four-county Sacramento metropolitan area, including: • El Dorado County • Placer County • Yolo County • Sacramento County Scholarship recipients must attend institutions located within 100 miles of the Sacramento County Courthouse.
What size grants does Schwab-rosenhouse Memorial Foundation award?
In 2024, Schwab-rosenhouse Memorial Foundation awarded 118 grants totaling $278K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Schwab-rosenhouse Memorial Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Schwab-rosenhouse Memorial Foundation reported a distributable amount of $342K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Schwab-rosenhouse Memorial Foundation's EIN?
Schwab-rosenhouse Memorial Foundation's EIN (Employer Identification Number) is 68-6136241. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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