The Charlotte R Schmidlapp Fund Fifth Third

CINCINNATI, OH EIN: 31-0532641

The Charlotte R Schmidlapp Fund Fifth Third is a private foundation established as a trust in 1908 in Ohio and based in Cincinnati. Fifth Third Bank serves as trustee. The foundation operates as an independent grantmaking organization focused on supporting women and girls through philanthropic initiatives.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$25.1M

-0.3% YoY

Annual Giving

$1.6M

+38.4% YoY

Grant Count

+15.4% YoY

Avg Grant Size

$104K

+19.9% YoY

Under IRS private-foundation payout rules, The Charlotte R Schmidlapp Fund Fifth Third reported a distributable amount of $1.5M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The fund supports initiatives that empower and assist women and girls in achieving self-sufficiency. Primary funding areas include:

Education and STEM (Science, Technology, Engineering, and Mathematics) programs
Relief of sickness, suffering, and distress
Care of young children, the aged, and the helpless and afflicted
Improvement of living conditions and welfare
Support for YWCAs
Emergency assistance to the state and nation

Grantmaking

The foundation made nine grants in 2024. Grant types include program/project support, scholarships, and endowment funding.

Grant Range

$10,000–$610,000

Grant Types

include program/project supportscholarshipsand endowment funding

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in Ohio and Kentucky, with particular emphasis on the greater Cincinnati area.

Grant Distribution by State

Ohio $6.4M (92%)

Kentucky $530K (8%)

North Carolina $25K (0%)

States

Kentucky North Carolina Ohio

Cities

AdaCharlotteCincinnatiColumbusConvingtonCovingtonDaytonEdgewoodLexingtonMilfordNewportOxfordTaft

Financial History

Multi-year comparison from IRS filings

2024 Financial Summary:

Total assets: $25,132,412
Total revenues: $1,868,888
Total expenses: $1,948,728
Total liabilities: $0
Number of employees: 1

Tax Status:

EIN: 31-0532641
Designated as 501(c)(3)
Tax-exempt since April 2019
Required to file Form 990-PF

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$25,132,412	$25,205,014	$25,913,710
Revenue	$1,868,888	$730,565	$1,648,167
Expenses	$1,948,728	$1,483,479	$2,110,251
Qualifying Distributions	$1,623,093	$1,180,241	$1,704,650
Net Investment Income	$1,560,351	$447,650	$1,279,867
Distributable Amount	$1,489,171	$1,381,745	$1,507,245

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

65 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Ywca of Greater Cincinnati Inc ($610,000), City Gospel Mission ($100,000), The Women's Fund of the Greater ($100,000).

Recipient	Purpose	Amount
BON SECOURS MERCY HEALTH FOUNDATION CINCINNATI, OH	PROJECT/PROGRAM SUPPORT	$50,000
CINCINNATI USA REGIONAL CHAMBER CINCINNATI, OH	PROJECT/PROGRAM SUPPORT	$50,000
CHRIST HOSPITAL FOUNDATION CINCINNATI, OH	PROJECT/PROGRAM SUPPORT	$50,000
GIRLS ON THE RUN OF GREATER CINCINNATI CINCINNATI, OH	SCHOLARSHIP	$50,000
YWCA OF GREATER CINCINNATI INC CINCINNATI, OH	PROGRAM/PROJECT SUPPORT	$610,000
CITY GOSPEL MISSION CINCINNATI, OH	PROJECT/PROGRAM SUPPORT	$100,000
THE WOMEN'S FUND OF THE GREATER CINCINNATI, OH	PROGRAM/PROJECT SUPPORT	$100,000
UNIVERSITY OF CINCINNATI FOUNDATION CINCINNATI, OH	SCHOLARSHIP	$100,000
FIRST STEP HOME INC CINCINNATI, OH	PROJECT/PROGRAM SUPPORT	$50,000
JOSEPH HOUSE INC CINCINNATI, OH	CAPITAL CAMPAIGN	$100,000

Leadership & Key People

Leadership team and compensation from IRS filings

Matthew Carothers serves as Trustee (as of January 2025)
Heidi Jark, Senior Vice President and Managing Director, Foundation Office at Fifth Third Bank, represents the fund's leadership

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FIFTH THIRD BANK N A	TRUSTEE	1	$344,220

Recent News & Activity

Recent developments and announcements

2020

**STEM Scholars Program Endowment (2020)**

2017

The fund provided a $1.66 million endowment to Cincinnati Children's Hospital Medical Center to permanently support the Charlotte R. Schmidlapp Science, Technology, Engineering and Mathematics (STEM) Scholars program. This program enhances access and support for underrepresented minority women interested in pursuing careers in medicine and biomedical research. The program piloted in 2017 and provides research opportunities, mentorship, structured networking, and science symposiums for girls and young women from middle school through college.

The Charlotte R. Schmidlapp Fund, Fifth Third Bank, Trustee, Gives $1.6 Million

**All-Girls Catholic Schools STEM Grant**

Cincinnati's Five All-Girls Catholic High Schools Awarded $2 Million ...

Cincinnati's five all-girls Catholic high schools collectively received a $2 million STEM education grant from the fund, representing a significant investment in science education for young women.

The Charlotte R. Schmidlapp Fund, Fifth Third Bank, Trustee, Gives $1.6 Million

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does The Charlotte R Schmidlapp Fund Fifth Third fund?

The fund supports initiatives that empower and assist women and girls in achieving self-sufficiency. Primary funding areas include: • Education and STEM (Science, Technology, Engineering, and Mathematics) programs • Relief of sickness, suffering, and distress • Care of young children, the aged, and the helpless and afflicted • Improvement of living conditions and welfare • Support for YWCAs • Emergency assistance to the state and nation

How do I apply for a grant from The Charlotte R Schmidlapp Fund Fifth Third?

**Financial Capacity:** • Total assets: $25,132,412 (2024) • Total giving: $1,565,000 (2024) • Total expenses: $1,948,728 (2024) • Typical grant range: $10,000–$610,000 **Recent Grants (2024):** • YWCA Greater Cincinnati: $610,000 (program/project support) • City Gospel Mission and Affiliates: $100,000 (project/program support) • The University of Cincinnati Foundation: $100,000 (scholarship) The foundation made nine grants in 2024. Grant types include program/project support, scholarships, and…

Where does The Charlotte R Schmidlapp Fund Fifth Third make grants?

The foundation primarily funds organizations in Ohio and Kentucky, with particular emphasis on the greater Cincinnati area.

What size grants does The Charlotte R Schmidlapp Fund Fifth Third award?

In 2024, The Charlotte R Schmidlapp Fund Fifth Third awarded 15 grants totaling $1.6M — an average of about $104K per grant, based on its IRS Form 990 filings.

How much is The Charlotte R Schmidlapp Fund Fifth Third required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Charlotte R Schmidlapp Fund Fifth Third reported a distributable amount of $1.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Charlotte R Schmidlapp Fund Fifth Third's EIN?

The Charlotte R Schmidlapp Fund Fifth Third's EIN (Employer Identification Number) is 31-0532641. IRS Form 990 filing data is available on this page for 2020–2024.