Shoemaker Charitable Trust

PENNINGTON, NJ EIN: 22-6991800

Education Health Diseases and conditions

Shoemaker Charitable Trust is a private foundation focused on Education, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $782K in total assets. In 2024, it awarded 3 grants totaling $38K. Net investment income was $64K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$782K

+2.3% YoY

Annual Giving

$38K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$13K

+0.0% YoY

Under IRS private-foundation payout rules, Shoemaker Charitable Trust reported a distributable amount of $45K for 2024 — the minimum it must pay out in qualifying distributions.

About Shoemaker Charitable Trust

Based on IRS filings

Focus Areas

Education Health Diseases and conditions

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $182K (100%)

States

Pennsylvania

Cities

State College

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$782,176	$764,485	$777,832
Revenue	$69,919	$37,172	$57,315
Expenses	$51,883	$50,715	$51,922
Qualifying Distributions	$45,883	$44,843	$45,162
Net Investment Income	$63,912	$31,326	$51,923
Distributable Amount	$44,632	$41,678	$42,487

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include American Cancer Society Inc ($12,713), Centre Homecare Inc ($12,713), State College Area Meals-On-Wheels ($12,713).

Recipient	Purpose	Amount
American Cancer Society Inc STATE COLLEGE, PA	GENERAL OPERATING	$12,713
Centre Homecare Inc STATE COLLEGE, PA	GENERAL OPERATING	$12,713
State College Area Meals-On-Wheels STATE COLLEGE, PA	GENERAL OPERATING	$12,713

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA N A	TRUSTEE	2	$12,907

Subject Areas

Focus areas based on grantmaking activity

Education Health Diseases and conditions

Frequently Asked Questions

What is Shoemaker Charitable Trust?

Shoemaker Charitable Trust is a private foundation focused on Education, based in PENNINGTON, NJ. It holds $782K in total assets as of 2024.

How large is Shoemaker Charitable Trust?

As of 2024, Shoemaker Charitable Trust holds $782K in total assets with $70K in annual revenue. It awarded 3 grants totaling $38K in 2024.

Where does Shoemaker Charitable Trust operate?

Shoemaker Charitable Trust has awarded grants in Pennsylvania.

What size grants does Shoemaker Charitable Trust award?

In 2024, Shoemaker Charitable Trust awarded 3 grants totaling $38K — an average of about $13K per grant, based on its IRS Form 990 filings.

How much is Shoemaker Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Shoemaker Charitable Trust reported a distributable amount of $45K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.