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
Under IRS private-foundation payout rules, The Schmidt Family Foundation Xxxxx3004 reported a distributable amount of $595K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Peaceful Mind Peaceful Life Inc ($250,000), Catholic Relief Services ($200,000), Florida Atlantic University ($134,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COASTAL STEWARDS INC BOCA RATON, FL | GENERAL | $2,500 |
| ROTARY CLUB OF DOWNTOWN BOCA RATON BOCA RATON, FL | GENERAL | $2,500 |
| BOCA RATON HISTORICAL SOCIETY BOCA RATON, FL | GENERAL | $5,000 |
| FAU FOUNDATION INC - FAU HIGH SCHOOL BOCA RATON, FL | GENERAL | $38,000 |
| HILLEL OF BROWARD AND PALM BEACH INC BOCA RATON, FL | GENERAL | $2,500 |
| FAULK CENTER FOR COUNSELING Delray Beach, FL | GENERAL | $10,000 |
| IMPACT 100 PALM BEACH COUNTY West Palm Beach, FL | GENERAL | $1,100 |
| LYNN UNIVERSITY INC BOCA RATON, FL | GENERAL | $25,000 |
| HOME SAFE INC Lake Worth, FL | GENERAL | $10,000 |
| BOCA RATON REGIONAL HOSPITAL BOCA RATON, FL | GENERAL | $51,000 |
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 | — |
Frequently Asked Questions
What does The Schmidt Family Foundation Xxxxx3004 fund?
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…
How do I apply for a grant from The Schmidt Family Foundation Xxxxx3004?
In 2023, the Foundation made approximately $900,050 in total grants. Recent grants include: • Catholic Relief Services: $200,000 (December 2023) • Peaceful Mind Peaceful Life: $100,000 (December 2023) • Boca Raton Regional Hospital Foundation: $55,000 (December 2023) The Foundation made 23 grants in 2023, with an additional $580,050 distributed among other grantees.
What size grants does The Schmidt Family Foundation Xxxxx3004 award?
In 2024, The Schmidt Family Foundation Xxxxx3004 awarded 41 grants totaling $1.1M — an average of about $27K per grant, based on its IRS Form 990 filings.
How much is The Schmidt Family Foundation Xxxxx3004 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Schmidt Family Foundation Xxxxx3004 reported a distributable amount of $595K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Schmidt Family Foundation Xxxxx3004's EIN?
The Schmidt Family Foundation Xxxxx3004's EIN (Employer Identification Number) is 13-6808881. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Schmidt Family Foundation Xxxxx3004's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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