The Walter C Schulz Foundation

Private foundation · Grantmaker Wilmington, DE EIN: 35-7027412

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.

Key facts about The Walter C Schulz Foundation

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.

EIN
35-7027412
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$211,729
Grants made (2025)
1
Average grant
$211,729
Median grant
$211,729
Total assets
$4,284,722
Primary geography
South Dakota (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$4.3M

-0.0% YoY

Annual Giving

$212K

+27.4% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$212K

+27.4% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Sioux Falls

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $166K (2024) to $212K (2025). In 2025 it made 1 grant totaling $212K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Evangelical Lutheran Good Samaritan: $212KEvangelical Lutheran GoodSamaritan$212K

The largest 2025 recipient was Evangelical Lutheran Good Samaritan ($212K).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K5$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Evangelical Lutheran Good Samaritan Sioux Falls, SDGeneral Operating$211,729

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M$2M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$4,284,722$4,284,863$4,353,020
Revenue$271,617$174,221$1,781,006
Expenses$271,816$242,356$239,315
Qualifying Distributions$239,591$185,817$208,580
Net Investment Income$242,110$139,704$1,750,181
Distributable Amount$249,984$231,403$183,662

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
  2. IRS filings on file for fiscal years 2020–2024

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

JTC Trust Company Delaware Ltd — Trustee, as Req'd: $53KJTC Trust Company…Trustee, as Req'd$53K

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.

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