The Schultz Foundation Inc
The Schultz Foundation Inc is a private family foundation established in 1964 and based in Jacksonville, Florida. The organization holds 501(c)(3) tax-exempt status and has been recognized as tax-exempt by the IRS since March 1965. The foundation operates as a grantmaking organization supporting philanthropic initiatives across multiple states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.0M
+148.5% YoY
Annual Giving
$274K
+52.3% YoY
Grant Count
46
-48.9% YoY
Avg Grant Size
$6K
+198.0% YoY
Grantmaking
The foundation maintains an active grantmaking program with typical award sizes ranging from $50,000 to $100,000. Recent financial data indicates total giving of $273,900, with an average grant amount documented in their recent filings. The foundation appears open to new applicants, with approximately 12% of new applicants receiving funding.
Average Grant
amount documented in their recent filings. The foundation appears open to new applicants, with approximately 12% of new applicants receiving funding.
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Geographic Focus
Where this funder awards grants
The Schultz Foundation Inc supports grantees across numerous states including Florida, New York, Georgia, California, Texas, and many others. The foundation's funding reaches both major urban centers and smaller communities throughout the United States.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2023):
- Total Assets: $2,419,284
- Total Revenue: $113,642
- Total Expenses: $358,478
- Total Liabilities: $0
Alternative Asset Reporting (2024):
- Total Assets: $6,012,635
The foundation maintains a stable financial position with no reported liabilities as of the most recent filing period.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,012,635 | $2,419,284 | $2,664,120 |
| Revenue | $4,091,599 | $113,642 | $-30,168 |
| Expenses | $498,248 | $358,478 | $321,273 |
| Qualifying Distributions | $273,900 | $179,800 | $162,627 |
| Net Investment Income | $292,943 | — | — |
| Distributable Amount | $290,159 | $130,834 | $139,364 |
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
99 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 leadership team includes:
- Clifford G. Schultz — President
- Bronwyn Kelley — Vice-President and Treasurer
- Keegan Kelley — Secretary
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRONWYN KELLEY | VICE-PRESIDENT, TREASURER | 5 | $12,000 |
| NANCY R SCHULTZ | FORMER DIRECTOR | 5 | — |
| CLIFFORD G SCHULTZ | PRESIDENT | 5 | $19,000 |
| FREDERICK H SCHULTZ JR | FORMER VICE-PRESIDENT | 5 | $1,000 |
| CATHERINE MCFARLAND | DIRECTOR | 5 | $12,000 |
| KEEGAN KELLEY | SECRETARY | 5 | $15,500 |
| CAITLIN KELLY | DIRECTOR | 5 | $14,500 |
Contact Information
Address: 118 W Adams Street, Suite 600, Jacksonville, FL 32202-3800
Telephone: 904-354-3603
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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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