The William E. Schmidt Foundation Inc. is a private foundation based in Evansville, Indiana, established in 1993. The foundation operates as a family foundation with a focus on supporting youth in the musical arts and education through grantmaking and strategic partnerships.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$34.4M
+0.7% YoY
Annual Giving
$413K
-7.9% YoY
Grant Count
35
-12.5% YoY
Avg Grant Size
$12K
+5.3% YoY
Under IRS private-foundation payout rules, William E Schmidt Foundation Inc reported a distributable amount of $2.3M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on investing in inspiration by building better communities, nurturing young artists, and fostering access and excellence in education. The foundation supports motivated individuals and organizations through grantmaking and partnerships that facilitate learning, expand access, and empower growth.
Primary funding areas include:
- Vocal arts and classical singing
- Music and opera
- Arts and culture
- Performing arts
- Education and higher education
- Religion and Christianity
- Human services
- Youth development and youth services
Grantmaking
Ready to take the next step with William E Schmidt Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation funds projects across multiple U.S. states, with particular focus on:
- Indiana (primary focus, especially Evansville area)
- Tennessee
- Texas
- Maryland
- California
- Connecticut
- Delaware
- Florida
- Kentucky
- Massachusetts
- New Jersey
- New York
- Ohio
The foundation supports organizations in cities including Baltimore, Bethesda, and Bradenton, among others.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $34,389,588 (as of 2024 filing)
Annual Expenses: $2,190,718
Annual Revenue: $2,242,063
Total Giving (2024): $412,666
Total Giving (2023): $447,975
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $34,389,588 | $34,147,625 | $34,089,285 |
| Revenue | $2,515,926 | $2,242,063 | $5,274,784 |
| Expenses | $2,268,564 | $2,190,718 | $2,183,231 |
| Qualifying Distributions | $2,050,351 | $1,981,978 | $1,992,926 |
| Net Investment Income | $2,288,298 | $2,028,606 | $5,079,454 |
| Distributable Amount | $2,307,884 | $2,041,756 | $2,021,763 |
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
169 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Sarasota Opera Association ($105,000), Tennessee Golf Foundation ($40,000), Ymca Camp Carson ($37,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ARAPAHO UNITED METHODIST CHURCH RICHARDSON, TX | DONATION | $5,000 |
| BEA GADDY FAMILY CENTERS INC BALTIMORE, MD | DONATION | $5,000 |
| BUTLER UNIVERSITY INDIANAPOLIS, IN | DONATION | $2,000 |
| DAN SCISM COLLEGE SCHOLARSHIP FUND EVANSVILLE, IN | SCHOLARSHIP SPONSOR | $25,000 |
| DREAM CENTER EVANSVILLE EVANSVILLE, IN | DONATION | $15,000 |
| EVANSVILLE PHILHARMONIC ORCHESTRA EVANSVILLE, IN | DONATION | $10,000 |
| EPISCOPAL SCHOOL OF NASHVILLE NASHVILLE, TN | DONATION | $1,250 |
| GRACE UNITED METHODIST CHURCH SOUTH BEND, IN | DONATION | $1,000 |
| GREAT LAKES CHAMBER MUSIC FESTIVAL SOUTHFIELD, MI | DONATION | $3,000 |
| HELEN B GOODLIN FOUNDATION SAN DIEGO, CA | CONTEST FUNDS | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Chester Schmidt – Chairman
- Douglas Schmidt – Treasurer
- J. Michael Small – Secretary
- Lisa Hamilton – President
Board members receive annual compensation of $12,000.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHESTER SCHMIDT | CHAIRMAN | 1 | $12,000 |
| DOUGLAS SCHMIDT | TREASURER | 1 | $12,000 |
| J MICHAEL SMALL | SECRETARY | 1 | $12,000 |
| LISA HAMILTON | PRESIDENT | 1 | $12,000 |
| CHESTER SCHMIDT IV | BOARD MEMBER | 1 | $12,000 |
| JANET PETERSON | BOARD MEMBER | 1 | $12,000 |
| CHRISTINE GOERKE HOLLOWAY | BOARD MEMBER | 1 | $12,750 |
Recent News & Activity
Recent developments and announcements
In November 2024, the University of Evansville's UE Opera received a $32,400 grant from the William E. Schmidt Foundation. The funding supports the Schmidt Opera Series and Schmidt Opera Collaborative, enabling high-quality opera performances and community outreach initiatives across the Tri-State region. The grant also provides continued support for Community Conservatory Study Grants, designed to provide access to private music instruction for area students.
Sarasota Opera Winter 2025 Program Book - IssuuSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does William E Schmidt Foundation Inc fund?
The foundation's mission centers on investing in inspiration by building better communities, nurturing young artists, and fostering access and excellence in education. The foundation supports motivated individuals and organizations through grantmaking and partnerships that facilitate learning, expand access, and empower growth. Primary funding areas include: • Vocal arts and classical singing • Music and opera • Arts and culture • Performing arts • Education and higher education • Religion and …
How do I apply for a grant from William E Schmidt Foundation Inc?
**Grant Amounts:** Typical awards range from $125 to $113,750. **Annual Giving:** The foundation distributed $412,666 in grants based on the most recent 2024 filing, with $447,975 in giving reported in 2023. **Cornerstone Initiative:** Schmidt Vocal Arts is the foundation's flagship program, engaging more than 400 young singers annually. The program provides access to premier vocal instruction and experiences, fostering talent in classical singing and vocal arts. The foundation also operates Sc…
Where does William E Schmidt Foundation Inc make grants?
The foundation funds projects across multiple U.S. states, with particular focus on: • Indiana (primary focus, especially Evansville area) • Tennessee • Texas • Maryland • California • Connecticut • Delaware • Florida • Kentucky • Massachusetts • New Jersey • New York • Ohio The foundation supports organizations in cities including Baltimore, Bethesda, and Bradenton, among others.
What size grants does William E Schmidt Foundation Inc award?
In 2024, William E Schmidt Foundation Inc awarded 35 grants totaling $413K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is William E Schmidt Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, William E Schmidt Foundation Inc reported a distributable amount of $2.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is William E Schmidt Foundation Inc's EIN?
William E Schmidt Foundation Inc's EIN (Employer Identification Number) is 35-1884241. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in William E Schmidt Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Natl Christian Charitable Fdn Inc
ALPHARETTA, GA
Assets
$6.1B
Grants
16,327
Total Given
$2.6B
The Us Charitable Gift Trust
BOSTON, MA
Assets
$2.2B
Grants
6,518
Total Given
$231.4M
Charities Aid Foundation America
ALEXANDRIA, VA
Assets
$444.9M
Grants
10,157
Total Given
$466.3M
Raymond James Charitable Endowment Fund
ST PETERSBURG, FL
Assets
$1.9B
Grants
6,906
Total Given
$288.7M
Baird Foundation Inc
MILWAUKEE, WI
Assets
—
Grants
3,751
Total Given
$6.6M
The Community Foundation of Middle
NASHVILLE, TN
Assets
$832.0M
Grants
2,450
Total Given
$107.1M
T Rowe Price Program for Charitable
BALTIMORE, MD
Assets
$648.3M
Grants
2,900
Total Given
$132.5M
The Blackbaud Giving Fund
CHARLESTON SC, SC
Assets
$52.7M
Grants
1,860
Total Given
$41.4M
Verizon Foundation
BASKING RIDGE, NJ
Assets
$23.8M
Grants
5,464
Total Given
$7.0M
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with William E Schmidt Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities