The Patricia Schaefer Foundation Tr
The Patricia Schaefer Foundation Trust is a private foundation based in Fort Wayne, Indiana. Established by Patricia Schaefer (1930-2025), the foundation became tax-exempt in March 2022 and is classified as a 501(c)(3) organization. The foundation operates as a non-operating private foundation filing Form 990-PF with the IRS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$90.8M
+6.0% YoY
Annual Giving
$2.9M
+18.4% YoY
Grant Count
34
-12.8% YoY
Avg Grant Size
$86K
+35.8% YoY
Mission & Focus Areas
The foundation's grantmaking priorities align with Patricia Schaefer's professional interests and include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Arts and Culture
- Music and performing arts
The foundation supports cultural and educational institutions, continuing Patricia Schaefer's philanthropic vision in these areas.
Grantmaking
The foundation does not accept unsolicited applications. It operates on an invitation-only basis, selecting grantees rather than accepting open grant proposals. The foundation typically selects preselected charitable organizations for funding.
Grant Range
$50,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in:
- Indiana (particularly Muncie and Delaware County area)
- California
- Colorado
These three states account for approximately 81% of all grants. Grantmaking reaches organizations across 8 states total.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $90,752,669
- Total revenue: $9,438,081
- Total expenses: $4,289,241
- Net income: $5,148,840
- Net assets: $90,752,669
Historical Growth:
- Total assets grew from $61.5 million in 2022 to $85.6 million in 2023 to $90.75 million in 2024
- Annual giving grew from $450,000 in 2022 to $2.5 million in 2023 to $2.915 million in 2024
- Giving rate: approximately 2.9% of assets
Contact Information:
- Address: C/O Michael Flood, 6418 Lima Road, Fort Wayne, IN 46818
- Phone: 260-436-0859
- EIN: 88-6221748
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $90,752,669 | $85,603,829 | $61,511,495 |
| Revenue | $9,438,081 | $27,275,749 | $61,940,286 |
| Expenses | $4,289,241 | $4,357,292 | $428,791 |
| Qualifying Distributions | $2,915,000 | $2,463,000 | $224,750 |
| Net Investment Income | $8,981,359 | $26,646,231 | $61,736,245 |
| Distributable Amount | $4,789,450 | $3,708,865 | $290,552 |
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
98 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Michael T Flood - Co-Trustee and Principal Officer
The foundation is governed by 3 officers and trustees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL FLOOD | TRUSTEE | 8 | $277,239 |
| LOUISE MARSH | TRUSTEE | 8 | $277,240 |
| PATRICIA SCHAEFER | TRUSTEE | — | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported 51 unique organizations across its grantmaking history. Recent grant activity demonstrates continued commitment to arts, culture, and community support organizations, with notable 2024 grants to performing arts organizations and food security initiatives.
Over $213,000 in grants awarded to boost Ross County communities in 2025Related Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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