The Herman and Louise Schmitt Foundation
The Herman and Louise Schmitt Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOGANSPORT, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $346K in total assets. In 2024, it awarded 20 grants totaling $78K. Net investment income was $80K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$346K
-2.3% YoY
Annual Giving
$78K
+1.5% YoY
Grant Count
20
+5.3% YoY
Avg Grant Size
$4K
-3.6% YoY
Under IRS private-foundation payout rules, The Herman and Louise Schmitt Foundation reported a distributable amount of $88K for 2024 — the minimum it must pay out in qualifying distributions.
About The Herman and Louise Schmitt Foundation
Based on IRS filings
The Herman and Louise Schmitt Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOGANSPORT, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $346K in total assets. In 2024, it awarded 20 grants totaling $78K. Net investment income was $80K.
Focus Areas
Ready to take the next step with The Herman and Louise Schmitt Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $346,453 | $354,444 | $352,841 |
| Revenue | $90,579 | $97,280 | $80,301 |
| Expenses | $98,570 | $95,677 | $88,623 |
| Qualifying Distributions | $88,227 | $86,207 | $79,274 |
| Net Investment Income | $80,236 | $87,810 | $70,952 |
| Distributable Amount | $87,762 | $87,353 | $86,085 |
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
92 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Emmaus Mission Center ($5,072), Cass Co Humane Society ($5,070), Logansport Comm Schools-felix's Pantry ($5,070).
| Recipient | Purpose | Amount |
|---|---|---|
| AREA FIVE AGENCY COMMUNITY SVCS HEALTHY FAMILIES LOGANSPORT, IN | TO FUND OPERATIONS | $3,600 |
| CALVARY PRESBYTERIAN CHURCH LOAVES & FISHES LOGANSPORT, IN | TO FUND OPERATIONS | $3,600 |
| CASS CO HISTORICAL SOCIETY LOGANSPORT, IN | TO FUND OPERATIONS | $3,600 |
| CASS CO HUMANE SOCIETY LOGANSPORT, IN | TO FUND OPERATIONS | $5,070 |
| CASS PULASKI COMM CORRECTIONS LOGANS LANDING LOGANSPORT, IN | TO FUND OPERATIONS | $3,600 |
| DOMESTIC VIOLENCE TASK FORCE LOGANSPORT, IN | TO FUND OPERATIONS | $3,600 |
| EMMAUS MISSION CENTER LOGANSPORT, IN | TO FUND OPERATIONS | $5,072 |
| LITERACY VOLUNTEERS OF CASS CO LOGANSPORT, IN | TO FUND OPERATIONS | $3,600 |
| LOGANSPORT ALUMNI ASSOC-TEACH CLASSROOM SUPPLIES LOGANSPORT, IN | TO FUND OPERATIONS | $3,600 |
| LOGANSPORT COMM SCHOOLS-FELIX'S PANTRY LOGANSPORT, IN | TO FUND OPERATIONS | $5,070 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SECURITY FEDERAL SAVINGS BANK | TRUSTEE | 5 | $18,763 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Herman and Louise Schmitt Foundation?
The Herman and Louise Schmitt Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOGANSPORT, IN. It holds $346K in total assets as of 2024.
How large is The Herman and Louise Schmitt Foundation?
As of 2024, The Herman and Louise Schmitt Foundation holds $346K in total assets with $91K in annual revenue. It awarded 20 grants totaling $78K in 2024.
Where does The Herman and Louise Schmitt Foundation operate?
The Herman and Louise Schmitt Foundation has awarded grants in Indiana.
What size grants does The Herman and Louise Schmitt Foundation award?
In 2024, The Herman and Louise Schmitt Foundation awarded 20 grants totaling $78K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Herman and Louise Schmitt Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Herman and Louise Schmitt Foundation reported a distributable amount of $88K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Herman and Louise Schmitt Foundation's EIN?
The Herman and Louise Schmitt Foundation's EIN (Employer Identification Number) is 20-7467528. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Herman and Louise Schmitt Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Boren Foundation Inc
UPLAND, IN
Assets
$19.1M
Grants
70
Total Given
$1.3M
Lupke Foundation Inc Agency
FORT WAYNE, IN
Assets
$1.4M
Grants
22
Total Given
$76K
Harold Ellison Tuw for Jones Cemetery 002189
MUNCIE, IN
Assets
$442K
Grants
1
Total Given
$9K
John Carroll Club of South Bend Inc
SOUTH BEND, IN
Assets
—
Grants
1
Total Given
$220K
Buchanan-clements Foundation Inc
COLUMBUS, IN
Assets
$261K
Grants
3
Total Given
$16K
Harold Ellison Scholarship Fund 002188
MUNCIE, IN
Assets
$1.1M
Grants
1
Total Given
$62K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Herman and Louise Schmitt Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Herman and Louise Schmitt Foundation to a real strategy.