Walter F Schmidt TUW
Walter F Schmidt TUW is a private foundation focused on Education, based in Terre Haute, IN. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $1.2M in total assets. In 2026, it awarded 1 grant totaling $73K. Net investment income was $92K.
Walter F Schmidt TUW at a glance
In short: Walter F Schmidt TUW gave $73K across 1 grant in 2026 (avg $73K), mostly in Illinois. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $73,000
- +0.0% vs 2025
- Grants made (2026)
- 1
- +0.0% vs 2025
- Average grant
- $73,000
- +0.0% vs 2025
- Median grant
- $73,000
- Total assets
- $1,163,765
- +1.5% vs 2025
- Primary geography
- Illinois (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Walter F Schmidt TUW funds
How this funder distributes its grants
Top Recipients
Top recipient in 2026
The largest 2026 recipient was Lincoln Trail College ($73K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2026 grant dollars on its one itemized grant.
States
Cities
How Walter F Schmidt TUW gives
- Giving held roughly steady from 2023 to 2026 (+4%). Method
- In 2026 it paid out 106% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2026, annual grant giving ranged from $67K (2021) to $73K (2026). In 2026 it made 1 grant totaling $73K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lincoln Trail College Robinson, IL | Scholarships | $73,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,163,765 | $105,507 | $88,794 | $73,000 | 1 | $74,969 | $91,647 | $70,980 |
| 2025 | $1,147,052 | $47,505 | $90,411 | $73,000 | 1 | $75,394 | $34,193 | $66,542 |
| 2024 | $1,189,958 | $63,325 | $86,840 | $73,000 | 1 | $74,750 | $50,252 | $61,812 |
| 2023 | $1,213,473 | $44,012 | $86,114 | $70,000 | 1 | $72,171 | $31,985 | $59,687 |
| 2022 | $1,255,575 | $120,731 | $90,665 | $73,000 | 1 | $76,179 | $107,723 | $68,688 |
| 2021 | $1,225,509 | $97,543 | $83,710 | $67,176 | 1 | — | $83,397 | $69,966 |
Under IRS private-foundation payout rules, Walter F Schmidt TUW reported a distributable amount of $71K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Walter F Schmidt TUW's only listed officer is First Financial Bank NA, Trustee on every filing since 2021 (compensated).
Officers on the 2026 filing
First Financial Bank NA
Trustee
On filings since 2021
2 hrs/week
$14K (2021) → $15K (2026)
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $15K, to First Financial Bank NA (Trustee).
Frequently asked questions about Walter F Schmidt TUW
How much does Walter F Schmidt TUW give each year?
Walter F Schmidt TUW gave $73K across 1 grant in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $73K across 1 grant.
How large is Walter F Schmidt TUW?
Walter F Schmidt TUW reported $1.2M in total assets on its 2026 IRS Form 990-PF. It paid out $75K in qualifying distributions that year, against a required minimum of $71K (roughly 5% of its investment assets).
What is Walter F Schmidt TUW?
Walter F Schmidt TUW is a private foundation focused on Education, based in Terre Haute, IN. It holds $1.2M in total assets as of 2026.
Where does Walter F Schmidt TUW operate?
Walter F Schmidt TUW has awarded grants in Illinois.
What is Walter F Schmidt TUW's EIN?
Walter F Schmidt TUW's EIN (Employer Identification Number) is 37-6311892. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 10, 2026)
- IRS filings on file for fiscal years 2021–2025
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