Theodore & Catherine Shulte Fdn

Private foundation · Grantmaker Madison, WI EIN: 39-6222864

Theodore & Catherine Shulte Fdn is a private foundation, based in Madison, WI. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $744K in total assets. In 2025, it awarded 7 grants totaling $36K. Net investment income was $64K.

Key facts about Theodore & Catherine Shulte Fdn

In short: Theodore & Catherine Shulte Fdn gave $36K across 7 grants in 2025 (avg $5K), mostly in Wisconsin. Source: 2025 IRS Form 990-PF.

EIN
39-6222864
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$36,477
Grants made (2025)
7
Average grant
$5,211
Median grant
$5,211
Total assets
$743,591
Primary geography
Wisconsin (100% of itemized 2025 grant dollars)

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

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$744K

+3.3% YoY

Annual Giving

$36K

+5.5% YoY

Grant Count

7

-12.5% YoY

Avg Grant Size

$5K

+20.6% YoY

Under IRS private-foundation payout rules, Theodore & Catherine Shulte Fdn reported a distributable amount of $44K for 2025 — the minimum it must pay out in qualifying distributions.

How Theodore & Catherine Shulte Fdn gives

  • Giving held roughly steady from 2022 to 2025 (−10%). Method
  • In 2025 it paid out 91% 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.

Your AI grants department

Ready to take the next step with Theodore & Catherine Shulte Fdn?

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 7 itemized grants.

States

Cities

RacineKenoshaSturtevantGreenfield

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K8 grants2021 8 grants2022 8 grants2023 8 grants2024 7 grants2025

From 2021 to 2025, annual grant giving ranged from $35K (2024) to $41K (2022). In 2025 it made 7 grants totaling $36K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

39 grants across all recorded years

39<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 39 grants of 39 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
7 grants to individuals Recipients not named —$36,477

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2021 2022 2023 2024 2025
Metric202520242023
Total Assets$743,591$719,621$691,772
Revenue$73,143$96,206$9,403
Expenses$49,174$45,616$47,584
Qualifying Distributions$39,473$37,807$40,536
Net Investment Income$64,212$63,625$7,814
Distributable Amount$43,558$39,700$37,586

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2021 (received by the IRS January 15, 2022)
  2. Updated Form 990-PF for fiscal year 2022 (received by the IRS December 20, 2022)
  3. Updated Form 990-PF for fiscal year 2023 (received by the IRS February 7, 2024)
  4. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 25, 2024)
  5. Updated Form 990-PF for fiscal year 2025 (received by the IRS January 20, 2026)
  6. IRS filings on file for fiscal years 2021–2025

Leadership & Key People

Officers and directors from IRS filings

Theodore & Catherine Shulte Fdn's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Johnson Bank

    Trustee

    On filings since 2021

    2 hrs/week

    $10K (2021) → $10K (2025)

  • Wyant Law Offices Sc

    Trustee

    On filings since 2021

    2 hrs/week

    $693 (2021) → $55 (2025)

Data from IRS Form 990 filings, 2021–2025. "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

Johnson Bank — Trustee: $10KJohnson BankTrustee$10KWyant Law Offices SC — Trustee: $55Wyant Law Offices SCTrustee$55

The highest reported compensation on the 2025 filing was $10K, to Johnson Bank (Trustee). 2 officers or directors reported compensation on that filing.

Frequently asked questions about Theodore & Catherine Shulte Fdn

How much does Theodore & Catherine Shulte Fdn give each year?

Theodore & Catherine Shulte Fdn gave $36K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $35K across 8 grants.

What is Theodore & Catherine Shulte Fdn's typical grant size?

Theodore & Catherine Shulte Fdn's median grant in 2025 was $5,211, and its average grant was $5,211, across 7 grants on its 2025 IRS Form 990-PF.

Where does Theodore & Catherine Shulte Fdn give grants?

Theodore & Catherine Shulte Fdn gives mostly in Wisconsin: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.

Does Theodore & Catherine Shulte Fdn give general operating support?

Not in 2025: none of the 7 grants with a stated purpose on Theodore & Catherine Shulte Fdn's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Financial Support" (7 grants).

How large is Theodore & Catherine Shulte Fdn?

Theodore & Catherine Shulte Fdn reported $744K in total assets on its 2025 IRS Form 990-PF. It paid out $39K in qualifying distributions that year, against a required minimum of $44K (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.

What is Theodore & Catherine Shulte Fdn's EIN?

Theodore & Catherine Shulte Fdn's EIN (Employer Identification Number) is 39-6222864. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

Your AI grants department

Here's the math on researching Theodore & Catherine Shulte Fdn by hand.

Explore Open Grants

Browse active grant opportunities in Theodore & Catherine Shulte Fdn's focus areas in our free grants database

Similar Funders

Similar funders in Wisconsin

Thrivent Charitable Impact & Investing

Appleton, WI

Thrivent Charitable Impact & Investing distributes donor-directed and program donations to a broad range of causes and organizations in local, national, and global communities. Its 2024 grants had a median of $11,520 and ranged from $5,006 to $5 million. The profile does not state whether it accepts unsolicited requests.

Philanthropy, Voluntarism & Grantmaking

Assets

$939.7M

Grants

2,565

Total Given

$84.6M

Dane Buy Local Foundation Inc

Madison, WI

Dane Buy Local Foundation supports buy-local education, collaboration, and programs that strengthen locally owned businesses and communities in Dane County and South Central Wisconsin; it also offers scholarships to area high school seniors pursuing post-secondary business or entrepreneurship studies. No typical award amount is stated, and the information does not say whether the Foundation accepts unsolicited funding requests.

Community Improvement & Capacity Building

Assets

$16K

Grants

1

Total Given

$136K

Alliant Energy Foundation Inc

Madison, WI

Assets

$28.5M

Grants

929

Total Given

$2.4M

Greater Milwaukee Foundation Inc

Milwaukee, WI

The Greater Milwaukee Foundation funds nonprofits and, occasionally, government agencies for work in areas such as arts and culture, basic needs, housing, health, early childhood education, mental health and workforce development, primarily in Milwaukee, Ozaukee, Washington and Waukesha counties. Its 2024 grants had a median award of about $27,800; specific project grants may be up to $150,000, and micro-grants range from $1,000 to $10,000. It runs competitive grant cycles three times a year; whether it accepts unsolicited requests is not stated.

Philanthropy, Voluntarism & Grantmaking

Assets

$1.1B

Grants

838

Total Given

$66.8M

Herb Kohl Educational Foundation Inc

Milwaukee, WI

The foundation funds educational excellence in Wisconsin, including student scholarships and awards for teachers, principals, schools, and classrooms; its 2025 grants ranged from $290 to $15,000, with a median of $6,000. It directs applicants to its program applications for application details; whether it accepts unsolicited requests is not stated.

Education

Assets

$14K

Grants

425

Total Given

$2.1M

Green Bay Packers Foundation

Green Bay, WI

The Green Bay Packers Foundation funds Wisconsin charities working in areas such as families, athletics, children’s safety and education, animal welfare, and other focus areas that vary by year. Its 2026 announcement describes typical awards of $3,000–$8,000, though some grants are larger; it accepts online applications during its stated cycle, February 2–April 1, 2026.

Assets

$57.2M

Grants

530

Total Given

$3.6M

Community Foundation for the Fox Valley Region Inc

Appleton, WI

The Community Foundation for the Fox Valley Region funds public charities and public entities across areas including arts and culture, education, health, human services, community improvement, and the environment, with many grants focused on the Fox Valley. Its 2024 grants ranged from $5,073 to $5,841,877, with a median of $24,900; some funds accept applications through the grant portal, while others are donor-directed or invitation-only.

Assets

$536.6M

Grants

448

Total Given

$32.4M

Mufg Union Bank Foundation Ag

Milwaukee, WI

The foundation’s 2022 grants supported work in economic opportunity, entrepreneurship, affordable housing, conservation, small-business procurement, and education, with examples in Georgia and California. It gave 441 grants totaling $8,518,500 in 2022, including awards from $45,000 to $200,000, but reported no grants in its 2023 final return. It gives only to preselected organizations and does not accept unsolicited requests.

Philanthropy, Voluntarism & Grantmaking

Assets

$5.8M

Grants

441

Total Given

$8.5M

United Way of Greater Milwaukee & Waukesha County Inc

Milwaukee, WI

United Way of Greater Milwaukee & Waukesha County funds local human services and community programs focused on housing stability, digital access, employment, teen mental wellness, and community resilience. Its 2025 grants ranged from $5,000 to about $2 million, with a median of about $34,000, and most funding went to Wisconsin, especially its four-county region. It requires a Letter of Intent before a full application; the listed 2026–27 Letter of Intent deadline has passed.

Philanthropy, Voluntarism & Grantmaking

Assets

$50.8M

Grants

639

Total Given

$42.7M

Ab Nicholas Scholarship Foundation

Mequon, WI

The AB Nicholas Scholarship Foundation funds renewable, need-based college scholarships for Wisconsin high school seniors who played on or managed their school basketball team and plan to attend a University of Wisconsin System institution. Awards are typically $10,000 per year, renewable for up to four years; applications are submitted online during the stated February 1–April 30 application period.

Assets

$56.9M

Grants

445

Total Given

$3.5M

Kelben Foundation Inc

Milwaukee, WI

Kelben Foundation supports social services, scholarships and college access, health care, and other community causes, with 98% of its 2024 grant dollars going to Wisconsin. Its 417 grants ranged from $411 to $4,005,983, with a median of $1,500; the application information provided is for a Milwaukee student scholarship, and whether it accepts unsolicited requests for other grants is not stated.

Assets

$62.7M

Grants

417

Total Given

$4.9M

Give Back Foundation

Madison, WI

Give Back Foundation distributes donor-designated contributions through workplace giving and other giving platforms to selected 501(c)(3) charities, rather than setting its own cause areas. In 2025, grants had a median of $9,066, with recipient organizations concentrated in Virginia, California, and Washington, D.C.; it does not accept unsolicited requests or work directly with charities.

Assets

$31.3M

Grants

639

Total Given

$40.1M

More Funders in Wisconsin

Theodore & Catherine Shulte Fdn down — hundreds of funders to go?

Want AI to do this for you?