The Schmidt Family Foundation Xxxxx3004
The Schmidt Family Foundation is a private charitable foundation located in Chicago, Illinois, established in 1982. It operates as a 501(c)(3) organization dedicated to providing funding to local organizations as a way to give back to the community. The Foundation is staffed by one employee and is governed by trustees including JPMorgan Chase Bank NA and Richard L. Schmidt.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.2M
+4.7% YoY
Annual Giving
$1.1M
+22.4% YoY
Grant Count
41
+7.9% YoY
Avg Grant Size
$27K
+13.4% YoY
Mission & Focus Areas
The Foundation seeks to be responsive to programs that will nurture and strengthen the community. It is dedicated to offering programs that enrich the community, help people, and promote excellence. The Foundation has a special interest in supporting nonprofit organizations that strengthen families and communities through:
- Education
- Medical initiatives
- Community development
- Human welfare
- Community health initiatives
The Foundation supports organizations that strive to improve life and help people help themselves.
Grantmaking
In 2023, the Foundation made approximately $900,050 in total grants. Recent grants include:
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $8,803,930
- Total Revenues: $686,240
- Total Expenses: $1,162,073
- Investment Income and Dividends: $289,272
- Net Gain from Sale of Non-Inventory Assets: $396,968
As of December 31, 2024:
- Total Assets: $9,210,000
- Total Revenues: $1,831,230
- Total Expenses: $1,385,701
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,214,132 | $8,803,930 | $9,278,874 |
| Revenue | $1,831,230 | $686,240 | $497,800 |
| Expenses | $1,385,701 | $1,162,073 | $4,551,869 |
| Qualifying Distributions | $1,306,132 | $1,106,545 | $4,457,651 |
| Net Investment Income | $1,780,218 | $586,954 | $422,306 |
| Distributable Amount | $594,509 | $577,816 | $772,480 |
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
216 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
The Foundation's trustees include JPMorgan Chase Bank NA and Richard L. Schmidt.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD L SCHMIDT | CO-TRUSTEE | 1 | — |
| RAYMOND WEBB | CO-TRUSTEE | 1 | — |
| BARBARA SCHMIDT | CO-TRUSTEE | 1 | — |
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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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