Walter and Leona Schmitt Family
Walter and Leona Schmitt Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WHITE BEAR LAKE, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 17 grants totaling $64K. Net investment income was $75K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
+4.6% YoY
Annual Giving
$64K
+10.3% YoY
Grant Count
17
+6.3% YoY
Avg Grant Size
$4K
+3.9% YoY
Under IRS private-foundation payout rules, Walter and Leona Schmitt Family reported a distributable amount of $60K for 2024 — the minimum it must pay out in qualifying distributions.
About Walter and Leona Schmitt Family
Based on IRS filings
Walter and Leona Schmitt Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WHITE BEAR LAKE, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 17 grants totaling $64K. Net investment income was $75K.
Focus Areas
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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
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,256,830 | $1,201,904 | $1,130,691 |
| Revenue | $84,874 | $41,893 | $48,887 |
| Expenses | $78,360 | $70,750 | $64,206 |
| Qualifying Distributions | $68,130 | $61,948 | $53,550 |
| Net Investment Income | $74,669 | $33,091 | $40,877 |
| Distributable Amount | $59,508 | $56,980 | $62,528 |
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
88 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of St Thomas ($7,000), Dodge Nature Center ($5,000), Groves Academy ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DAMIANO CENTER DULUTH, MN | GENERAL FUND | $4,000 |
| DODGE NATURE CENTER WEST ST PAUL, MN | GENERAL FUND | $5,000 |
| DOMESTIC ABUSE PROJECT MINNEAPOLIS, MN | GENERAL FUND | $4,000 |
| FAMILY MEANS STILLWATER, MN | GENERAL FUND | $2,000 |
| FRIENDS OF SAN LUCAS EAGAN, MN | GENERAL FUND | $4,000 |
| FRIENDS OF THE BOUNDARY WATERS ST PAUL, MN | GENERAL FUND | $3,000 |
| GROVES ACADEMY ST LOUIS PARK, MN | GENERAL FUND | $5,000 |
| HELP THE HELPLESS VADNAIS HEIGHTS, MN | GENERAL FUND | $3,000 |
| LITTLE SISTERS OF THE POOR ST PAUL, MN | GENERAL FUND | $2,500 |
| OPEN WINDOWS BOOKS COLD SPRING, MN | GENERAL FUND | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY NICKLAWSKE | PRESIDENT | 1 | — |
| MICHAEL NICKLAWSKE | TRUSTEE | 1 | — |
| MARK NICKLAWSKE | TRUSTEE | 1 | — |
| ANN NICKLAWSKE MCGEE | SECRETARY | 1 | — |
| ANDREW JAMES MCGEE | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Walter and Leona Schmitt Family?
Walter and Leona Schmitt Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WHITE BEAR LAKE, MN. It holds $1.3M in total assets as of 2024.
How large is Walter and Leona Schmitt Family?
As of 2024, Walter and Leona Schmitt Family holds $1.3M in total assets with $85K in annual revenue. It awarded 17 grants totaling $64K in 2024.
Where does Walter and Leona Schmitt Family operate?
Walter and Leona Schmitt Family has awarded grants in California, Connecticut, District of Columbia, Florida, Massachusetts, Maine, Minnesota, Montana, New York, Tennessee, Vermont, Wisconsin.
What size grants does Walter and Leona Schmitt Family award?
In 2024, Walter and Leona Schmitt Family awarded 17 grants totaling $64K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Walter and Leona Schmitt Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Walter and Leona Schmitt Family reported a distributable amount of $60K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Walter and Leona Schmitt Family's EIN?
Walter and Leona Schmitt Family's EIN (Employer Identification Number) is 35-6793905. 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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