The Walter E Schmid Family Foundation
The Walter E Schmid Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $21.8M in total assets. In 2024, it awarded 13 grants totaling $1.1M. Net investment income was $810K.
Key facts about The Walter E Schmid Family Foundation
- EIN
- 81-6908327
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,053,000
- Grants made (2024)
- 13
- Average grant
- $81,000
- Median grant
- $50,000
- Total assets
- $21,794,594
- Primary geography
- New York (89% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Walter E Schmid Family Foundation funds
By grant dollars, the top recipient states for The Walter E Schmid Family Foundation's 13 itemized 2024 grants were New York (89%) and Connecticut (11%). The most frequent recipient cities were Buffalo, NY (5 grants) and Hartford, CT (2 grants). 38% of grants with a stated purpose were for general or operating support. Recurring purposes include "Program Support" (8 grants).
How The Walter E Schmid Family Foundation gives
- 85% of 2024 grantees were also funded in 2023. Method
- Giving grew 32% from 2021 to 2024. Method
- In 2024 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Walter E Schmid Family Foundation
- How to evaluate The Walter E Schmid Family Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$21.8M
-1.9% YoY
Annual Giving
$1.1M
+15.7% YoY
Grant Count
13
-13.3% YoY
Avg Grant Size
$81K
+33.5% YoY
Under IRS private-foundation payout rules, The Walter E Schmid Family Foundation reported a distributable amount of $1.4M for 2024 — the minimum it must pay out in qualifying distributions.
About The Walter E Schmid Family Foundation
Based on IRS filings
The Walter E Schmid Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $21.8M in total assets. In 2024, it awarded 13 grants totaling $1.1M. Net investment income was $810K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $21,794,594 | $22,214,398 | $22,573,936 |
| Revenue | $911,945 | $814,772 | $4,582,172 |
| Expenses | $1,359,791 | $1,184,925 | $1,207,687 |
| Qualifying Distributions | $1,252,336 | $1,088,883 | $1,098,127 |
| Net Investment Income | $810,490 | $718,730 | $603,745 |
| Distributable Amount | $1,391,006 | $1,233,921 | $1,065,718 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Kleinhans Music Hall Management Inc ($250,000), Buffalo Philharmonic Orchestra Society ($250,000), Graycliff Conservancy Inc ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| KLEINHANS MUSIC HALL MANAGEMENT INC Buffalo, NY | GENERAL | $250,000 |
| BUFFALO PHILHARMONIC ORCHESTRA SOCIETY Buffalo, NY | GENERAL | $250,000 |
| GRAYCLIFF CONSERVANCY INC Derby, NY | PROGRAM SUPPORT | $200,000 |
| ERIE COMMUNITY COLLEGE FOUNDATION INC Buffalo, NY | PROGRAM SUPPORT | $67,725 |
| MERCY FLIGHT INC Buffalo, NY | PROGRAM SUPPORT | $65,275 |
| WESTERN NEW YORK PUBLIC BROADCASTING Buffalo, NY | GENERAL | $50,000 |
| HEALTH MANAGEMENT GROUP LTD Getzville, NY | GENERAL | $50,000 |
| ASYLUM HILL CONGREGATIONAL CHURCH Hartford, CT | PROGRAM SUPPORT | $20,000 |
| LABS4RESCUE INC Killingworth, CT | PROGRAM SUPPORT | $20,000 |
| COMMUNICATION ADVOCACY NETWORK CORP Hartford, CT | PROGRAM SUPPORT | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
The Walter E Schmid Family Foundation's only listed officer is Robert A. Biltekoff, Trust Protector on every filing since 2023 (compensated).
Officers on the 2024 filing
Robert A. Biltekoff
Trust Protector
On filings since 2023
1 hr/week
$30K (2023) → $35K (2024)
Data from IRS Form 990 filings, 2023–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Walter E Schmid Family Foundation?
The Walter E Schmid Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. It holds $21.8M in total assets as of 2024.
How large is The Walter E Schmid Family Foundation?
As of 2024, The Walter E Schmid Family Foundation holds $21.8M in total assets with $912K in annual revenue. It awarded 13 grants totaling $1.1M in 2024.
Where does The Walter E Schmid Family Foundation operate?
The Walter E Schmid Family Foundation has awarded grants in California, Connecticut, Maryland, New York, Virginia.
What size grants does The Walter E Schmid Family Foundation award?
In 2024, The Walter E Schmid Family Foundation awarded 13 grants totaling $1.1M — an average of about $81K per grant, based on its IRS Form 990 filings.
How much is The Walter E Schmid Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Walter E Schmid Family Foundation reported a distributable amount of $1.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Walter E Schmid Family Foundation's EIN?
The Walter E Schmid Family Foundation's EIN (Employer Identification Number) is 81-6908327. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.