The Herman and Louise Schmitt Foundation

LOGANSPORT, IN EIN: 20-7467528

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

+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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $348K (100%)

States

Indiana

Cities

Logansport

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.