The Walter C Schulz Foundation
The Walter C Schulz Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.3M in total assets. In 2025, it awarded 1 grant totaling $212K. Net investment income was $242K.
The Walter C Schulz Foundation at a glance
In short: The Walter C Schulz Foundation gave $212K across 1 grant in 2025 (avg $212K), mostly in South Dakota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $211,729
- +27.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $211,729
- +27.4% vs 2024
- Median grant
- $211,729
- Total assets
- $4,284,722
- -0.0% vs 2024
- Primary geography
- South Dakota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Walter C Schulz Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Evangelical Lutheran Good Samaritan ($212K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How The Walter C Schulz Foundation gives
- Giving held roughly steady from 2022 to 2025 (+2%). Method
- In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $166K (2024) to $212K (2025). In 2025 it made 1 grant totaling $212K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Evangelical Lutheran Good Samaritan Sioux Falls, SD | General Operating | $211,729 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,284,722 | $271,617 | $271,816 | $211,729 | 1 | $239,591 | $242,110 | $249,984 |
| 2024 | $4,284,863 | $174,221 | $242,356 | $166,143 | 1 | $185,817 | $139,704 | $231,403 |
| 2023 | $4,353,020 | $1,781,006 | $239,315 | $191,061 | 1 | $208,580 | $1,750,181 | $183,662 |
| 2022 | $2,810,911 | $294,799 | $271,601 | $206,642 | 1 | $225,005 | $262,855 | $209,424 |
| 2021 | $2,787,784 | $656,868 | $230,458 | $171,449 | 1 | $198,005 | $626,471 | $233,198 |
| 2020 | $2,361,814 | $134,421 | $224,163 | $178,436 | 1 | — | $110,936 | $193,278 |
Under IRS private-foundation payout rules, The Walter C Schulz Foundation reported a distributable amount of $250K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Walter C Schulz Foundation's only listed officer is JTC Trust Company Delaware LTD, Trustee & As Req'd on the 2025 filing (compensated).
Officers on the 2025 filing
JTC Trust Company Delaware LTD
Trustee & As Req'd
New on the 2025 filing
$53K (2025)
Former officers (1)
- Former: Citibank N A (2020–2024) — Trustee & As Req'd
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $53K, to JTC Trust Company Delaware Ltd (Trustee, as Req'd).
Frequently asked questions about The Walter C Schulz Foundation
How much does The Walter C Schulz Foundation give each year?
The Walter C Schulz Foundation gave $212K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $166K across 1 grant.
How large is The Walter C Schulz Foundation?
The Walter C Schulz Foundation reported $4.3M in total assets on its 2025 IRS Form 990-PF. It paid out $240K in qualifying distributions that year, against a required minimum of $250K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Walter C Schulz Foundation operate?
The Walter C Schulz Foundation has awarded grants in South Dakota.
What is The Walter C Schulz Foundation's EIN?
The Walter C Schulz Foundation's EIN (Employer Identification Number) is 35-7027412. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Walter C Schulz Foundation funds
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