The Theodore & Elizabeth Schmidt Family Foundation is a private foundation established in 1998 and located in Salt Lake City, Utah. The foundation operates as a 501(c)(3) organization and functions as a grantmaking entity supporting various charitable causes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
-1.9% YoY
Annual Giving
$145K
-1.6% YoY
Grant Count
29
-9.4% YoY
Avg Grant Size
$5K
+8.5% YoY
Under IRS private-foundation payout rules, Theodore & Elizabeth Schmidt Family reported a distributable amount of $191K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation gives primarily for education and hospitals, with additional funding directed toward human services.
Grantmaking
The foundation made 38 grants in 2023, with a total giving amount of $147,522. Recent grantees include:
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
| Metric | Amount |
|---|---|
| Total Assets | $2,109,658 |
| Total Revenues | $150,562 |
| Total Expenses | $181,715 |
| Total Liabilities | $0 |
| Investment Income & Dividends | $129,942 |
| Grants & Contributions | $10 |
As of December 31, 2022:
| Metric | Amount |
|---|---|
| Total Assets | Not specified |
| Investment Income & Dividends | $110,342 |
The foundation's investment income increased 17.8% from 2022 to 2023. The foundation has no employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,070,299 | $2,109,658 | $2,140,811 |
| Revenue | $137,004 | $150,562 | $143,169 |
| Expenses | $176,363 | $181,715 | $196,949 |
| Qualifying Distributions | $145,100 | $147,522 | $166,126 |
| Net Investment Income | $110,580 | $122,369 | $131,073 |
| Distributable Amount | $190,534 | $167,172 | $167,624 |
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
151 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ballet West ($25,000), Utah Symphony Opera ($25,000), American Red Cross ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NATURAL HISTORY MUSEUM OF UTAH SALT LAKE CITY, UT | GENERAL SUPPORT | $7,500 |
| PBS UTAH SALT LAKE CITY, UT | GENERAL SUPPORT | $1,500 |
| JUDICIAL WATCH WASHINGTON, DC | GENERAL SUPPORT | $1,000 |
| BALLET WEST SALT LAKE CITY, UT | GENERAL SUPPORT | $25,000 |
| NATIONAL LEGAL POLICY CENTER FALL CHURCH, VA | GENERAL SUPPORT | $1,000 |
| CHARITY NAVIGATOR GLEN ROCK, NJ | GENERAL SUPPORT | $500 |
| THE SALVATION ARMY WASHINGTON, DC | GENERAL SUPPORT | $5,000 |
| GEORGE WASHINGTON MT VERNON MOUNT VERNON, VA | GENERAL SUPPORT | $1,000 |
| UTAH MUSEUM OF FINE ARTS SALT LAKE CITY, UT | GENERAL SUPPORT | $1,000 |
| BEAR LAKE WATCH ST CHARLES, ID | GENERAL SUPPORT | $6,800 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THEODORE G SCHMIDT JR | President | — | — |
| SANDEFUR SCHMIDT | Treasurer | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Theodore & Elizabeth Schmidt Family fund?
The foundation gives primarily for education and hospitals, with additional funding directed toward human services.
How do I apply for a grant from Theodore & Elizabeth Schmidt Family?
The foundation made 38 grants in 2023, with a total giving amount of $147,522. Recent grantees include: • Salt Lake City Rotary Foundation ($30,500 for general support) • Ballet West ($25,000 for general support) • Utah Symphony Utah Opera (USUO) ($25,000 for general support) The foundation provides general support grants to its recipients. The average and median grant amounts are not specified in available sources.
What size grants does Theodore & Elizabeth Schmidt Family award?
In 2024, Theodore & Elizabeth Schmidt Family awarded 29 grants totaling $145K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Theodore & Elizabeth Schmidt Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Theodore & Elizabeth Schmidt Family reported a distributable amount of $191K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Theodore & Elizabeth Schmidt Family's EIN?
Theodore & Elizabeth Schmidt Family's EIN (Employer Identification Number) is 68-0422838. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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