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
Under IRS private-foundation payout rules, The Schultz Foundation Inc reported a distributable amount of $290K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Daniel ($100,000), Unf Foundation Inc ($21,500), Paideia School ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SHELL TO SHORE ATHENS, GA | EDUCATIONAL/PUBLIC | $100 |
| RIVERSIDE AVONDALE PRESERVATION JACKSONVILLE, FL | EDUCATIONAL/PUBLIC | $100 |
| AMERICAN FILM INSTITUTE LOS ANGELES, CA | EDUCATIONAL/PUBLIC | $500 |
| THE ARC JACKSONVILLE JACKSONVILLE, FL | EDUCATIONAL/PUBLIC | $500 |
| CARTER CENTER ATLANTA, GA | EDUCATIONAL/PUBLIC | $500 |
| FOOD ANIMAL CONCERNS TRUST CHICAGO, IL | EDUCATIONAL/PUBLIC | $500 |
| MEMORIAL PARK ASSOCIATION ROCHESTER, MN | EDUCATIONAL/PUBLIC | $500 |
| WJCT-TV JACKSONVILLE, FL | EDUCATIONAL/PUBLIC | $500 |
| MUSEUM OF CONTEMPARARY ART JACKSONVILLE, FL | EDUCATIONAL/PUBLIC | $500 |
| JACKSONVILLE HISTORICAL SOCIETY JACKSONVILLE, FL | EDUCATIONAL/PUBLIC | $500 |
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
Frequently Asked Questions
How do I apply for a grant from The Schultz Foundation Inc?
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. The foundation has demonstrated support for educational initiatives, as evidenced by a $5,000 grant to the Schultz Center for Teaching and in 2023 for educ…
Where does The Schultz Foundation Inc make 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.
What size grants does The Schultz Foundation Inc award?
In 2024, The Schultz Foundation Inc awarded 46 grants totaling $274K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Schultz Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Schultz Foundation Inc reported a distributable amount of $290K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Schultz Foundation Inc's EIN?
The Schultz Foundation Inc's EIN (Employer Identification Number) is 59-1055869. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Schultz Foundation Inc'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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