Walter and Karla Goldschmidt Foundation
The Walter and Karla Goldschmidt Foundation is a private foundation headquartered in Glencoe, Illinois. Established in January 1975, it operates as a 501(c)(3) tax-exempt organization and is one of the largest foundations by total giving in the Glencoe area.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$35.5M
+8.0% YoY
Annual Giving
$2.8M
+9.0% YoY
Grant Count
114
-9.5% YoY
Avg Grant Size
$25K
+20.5% YoY
Under IRS private-foundation payout rules, Walter and Karla Goldschmidt Foundation reported a distributable amount of $1.8M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grant-making focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Arts, Culture & Humanities
- Food, Agriculture & Nutrition
- Management & Technical Assistance
Grantmaking
The foundation maintains an active grantmaking program across multiple focus areas and geographic regions.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Illinois
- District of Columbia
- California
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $35,499,283 (2024)
Total Giving: $2,817,975 (2024)
Total Revenue: $5.8 million (2024)
Total Expenses: $3.18 million (2024)
Total Liabilities: $0 (2024)
Tax-Exempt Status: Since January 1975
EIN: 23-7410867
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $35,499,283 | $32,875,796 | $32,727,330 |
| Revenue | $5,798,694 | $3,055,593 | $-1,412,447 |
| Expenses | $3,175,207 | $2,907,127 | $3,282,503 |
| Qualifying Distributions | $2,829,762 | $2,597,920 | $2,699,686 |
| Net Investment Income | $5,466,431 | $2,746,939 | $39,819 |
| Distributable Amount | $1,838,716 | $1,704,769 | $1,804,901 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Food & Friends ($250,000), Chicago Public Media ($200,000), Greater Chicago Food Depository ($185,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A PLACE TO BE MIDDLEBURG, VA | ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $1,000 |
| ADOPTION CENTER OF ILLINOIS CHICAGO, IL | ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $30,000 |
| ADVANCE ILLINOIS CHICAGO, IL | ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $35,000 |
| AFRICAN WILDLIFE FOUNDATION WASHINGTON, DC | ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $1,000 |
| AMERICAN BALLET THEATRE NEW YORK, NY | ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $1,000 |
| AMERICAN FILM INSTITUTE LOS ANGELES, CA | ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $1,000 |
| AMERICAN RED CROSS OF ILLINOIS CHICAGO, IL | ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $25,000 |
| ANACOSTIA WATERSHED SOCIETY BLADENSBURG, MD | ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $1,000 |
| ANIMAL WELFARE LEAGUE OF ARLINGTON VA ARLINGTON, VA | ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $1,500 |
| ARRUPE COLLEGE OF LOYOLA UNIVERSITY CHICAGO CHICAGO, IL | ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SUSAN GOLDSCHMIDT | PRESIDENT | 30 | — |
| SUSAN GOLDSCHMIDT | SECRETARY | — | — |
| SUSAN GOLDSCHMIDT | DIRECTOR | — | — |
| MILES TAUB | VICE PRESIDENT | 40 | — |
| MILES TAUB | DIRECTOR | — | — |
| MILES TAUB | TREASURER | — | — |
| JAMES GOLDSCHMIDT | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Walter and Karla Goldschmidt Foundation fund?
The foundation's grant-making focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Arts, Culture & Humanities • Food, Agriculture & Nutrition • Management & Technical Assistance
How do I apply for a grant from Walter and Karla Goldschmidt Foundation?
**Grant Amounts:** Typical awards range from $50,000 to $250,000. **Total Annual Giving:** $2,817,975 (based on most recent filing) The foundation maintains an active grantmaking program across multiple focus areas and geographic regions.
Where does Walter and Karla Goldschmidt Foundation make grants?
The foundation primarily funds organizations in: • Illinois • District of Columbia • California
What size grants does Walter and Karla Goldschmidt Foundation award?
In 2024, Walter and Karla Goldschmidt Foundation awarded 114 grants totaling $2.8M — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is Walter and Karla Goldschmidt Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Walter and Karla Goldschmidt Foundation reported a distributable amount of $1.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Walter and Karla Goldschmidt Foundation's EIN?
Walter and Karla Goldschmidt Foundation's EIN (Employer Identification Number) is 23-7410867. 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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