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Albert J Schmidt Trust is a private trust based in BURLINGTON, IA. The foundation received its IRS ruling in 2018. It holds total assets of $2M. Annual income is reported at $994K. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. According to available records, Albert J Schmidt Trust has made 4 grants totaling $378K, with a median grant of $95K. The foundation has distributed between $89K and $201K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $201K distributed across 2 grants. Individual grants have ranged from $89K to $100K, with an average award of $95K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Albert J Schmidt Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in IA.
Albert J Schmidt Trust has distributed a total of $378K across 4 grants. The median grant size is $95K, with an average of $95K. Individual grants have ranged from $89K to $100K.
Albert J Schmidt Trust typically selects its grantees rather than accepting unsolicited proposals.
Albert J Schmidt Trust is headquartered in BURLINGTON, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Farmers Merchants Bank Trust | TRUSTEE | $20K | $0 | $20K |
Total Giving
$118K
Total Assets
$1.9M
Fair Market Value
$2M
Net Worth
$1.9M
Grants Paid
$89K
Contributions
N/A
Net Investment Income
$57K
Distribution Amount
$99K
Total: $985K
Total Grants
4
Total Giving
$378K
Average Grant
$95K
Median Grant
$95K
Unique Recipients
2
Most Common Grant
$100K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Southeastern Community CollegeCHARITABLE | West Burlington, IA | $89K | 2023 |
| Iowa Wesleyan UniversityCHARITABLE | Mt Pleasant, IA | $100K | 2022 |
COUNCIL BLFS, IA
MUSCATINE, IA
CEDAR RAPIDS, IA