The Schaefer Family Foundation Inc

HEWITT, NJ EIN: 22-3620925

The Schaefer Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HEWITT, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $758K in total assets. In 2024, it awarded 1 grants totaling $29K. Net investment income was $13K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$758K

+3.8% YoY

Annual Giving

$29K

-22.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$29K

-22.7% YoY

Under IRS private-foundation payout rules, The Schaefer Family Foundation Inc reported a distributable amount of $35K for 2024 — the minimum it must pay out in qualifying distributions.

About The Schaefer Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $99K (66%)

New York $50K (34%)

States

New Jersey New York

Cities

HewittWantageYorktown Heights

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$757,926	$730,208	$774,021
Revenue	$61,949	$-1,157	$11,217
Expenses	$34,231	$42,656	$26,764
Qualifying Distributions	$31,631	$40,081	$22,431
Net Investment Income	$13,440	$2,176	$8,336
Distributable Amount	$34,781	$30,991	$34,383

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

6 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include See Schedule 3 ($29,000).

Recipient	Purpose	Amount
SEE SCHEDULE 3 HEWITT, NJ	THE PURPOSE OF THESE CONTRIBUTIONS IS TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTION.	$29,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ROBERT SCHAEFER	PRESIDENT/TREASURER	—	—
THERESA SCHAEFER	VICE PRES/SECRETARY	—	—
ROBERT J SCHAEFER	VICE PRESIDENT	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Schaefer Family Foundation Inc?

The Schaefer Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HEWITT, NJ. It holds $758K in total assets as of 2024.

How large is The Schaefer Family Foundation Inc?

As of 2024, The Schaefer Family Foundation Inc holds $758K in total assets with $62K in annual revenue. It awarded 1 grants totaling $29K in 2024.

Where does The Schaefer Family Foundation Inc operate?

The Schaefer Family Foundation Inc has awarded grants in New Jersey, New York.

What size grants does The Schaefer Family Foundation Inc award?

In 2024, The Schaefer Family Foundation Inc awarded 1 grants totaling $29K — an average of about $29K per grant, based on its IRS Form 990 filings.

How much is The Schaefer Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Schaefer Family Foundation Inc reported a distributable amount of $35K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Schaefer Family Foundation Inc's EIN?

The Schaefer Family Foundation Inc's EIN (Employer Identification Number) is 22-3620925. IRS Form 990 filing data is available on this page for 2020–2024.