The William and Jean Schulte Foundation
The William and Jean Schulte Foundation is a private foundation focused on Education, based in WOODBINE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $845K in total assets. In 2024, it awarded 13 grants totaling $32K. Net investment income was $63K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$845K
+32.3% YoY
Annual Giving
$32K
-1.8% YoY
Grant Count
13
+0.0% YoY
Avg Grant Size
$2K
-1.8% YoY
Under IRS private-foundation payout rules, The William and Jean Schulte Foundation reported a distributable amount of $39K for 2024 — the minimum it must pay out in qualifying distributions.
About The William and Jean Schulte Foundation
Based on IRS filings
The William and Jean Schulte Foundation is a private foundation focused on Education, based in WOODBINE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $845K in total assets. In 2024, it awarded 13 grants totaling $32K. Net investment income was $63K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $844,972 | $638,783 | $651,685 |
| Revenue | $62,990 | $22,148 | $11,366 |
| Expenses | $32,000 | $35,050 | $37,970 |
| Qualifying Distributions | $32,000 | $33,825 | $35,100 |
| Net Investment Income | $62,990 | $20,923 | $8,766 |
| Distributable Amount | $38,678 | $32,451 | $31,252 |
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
74 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Southeast New Life for Girls ($8,400), Delmarva Teen Challenge ($8,000), Valeo Inc ($3,700).
| Recipient | Purpose | Amount |
|---|---|---|
| CAROLINE COUNTY HUMANE SOCIETY RIDGLEY, MD | ANIMAL RESCUE | $1,000 |
| DAY'S END FARM HORSE RESCUE INC LISBON, MD | HORSE RESCUE | $700 |
| DELMARVA TEEN CHALLENGE SEAFORD, DE | TEEN PROGRAMS | $8,000 |
| GIRLS IN THE GAME INC CHICAGO, IL | TEEN LEADERSHIP PROGRAMS | $2,300 |
| HART FOR ANIMALS INC MCHENRY, MD | ANIMAL RESCUE | $600 |
| MID-SHORE COUNCIL ON FAMILY VIOLENCE INC EASTON, MD | PROGRAMS AGAINST FAMILY VIOLENCE | $800 |
| PETS ON THE WHEELS OF DELMARVA BALTIMORE, MD | SUPPORT PROGRAMS FOR PET THERAPY | $100 |
| SOUTHEAST NEW LIFE FOR GIRLS WESTMINSTER, MD | DISCIPLESHIP PROGRAM FOR WOMEN WITH LIFE-CONTROLLING ISSUES | $8,400 |
| TALBOT COUNTY SENIOR CENTER EASTON, MD | SENIOR PROGRAMS - MEALS ON WHEELS | $1,000 |
| THE CHILDREN'S HOME INC DEVELOPMENT OFFICE CATONSVILLE, MD | THERAPEUTIC PROGRAMS FOR CHILDREN | $700 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DIANE G SCHULTE | PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The William and Jean Schulte Foundation?
The William and Jean Schulte Foundation is a private foundation focused on Education, based in WOODBINE, MD. It holds $845K in total assets as of 2024.
How large is The William and Jean Schulte Foundation?
As of 2024, The William and Jean Schulte Foundation holds $845K in total assets with $63K in annual revenue. It awarded 13 grants totaling $32K in 2024.
Where does The William and Jean Schulte Foundation operate?
The William and Jean Schulte Foundation has awarded grants in District of Columbia, Delaware, Florida, Illinois, Maryland, Pennsylvania, South Carolina, Texas.
What size grants does The William and Jean Schulte Foundation award?
In 2024, The William and Jean Schulte Foundation awarded 13 grants totaling $32K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The William and Jean Schulte Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The William and Jean Schulte Foundation reported a distributable amount of $39K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The William and Jean Schulte Foundation's EIN?
The William and Jean Schulte Foundation's EIN (Employer Identification Number) is 52-1377945. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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