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Carl And Verna Schmidt Foundation is a private trust based in ROCHESTER, MN. The foundation received its IRS ruling in 1958. It holds total assets of $44.3M. Annual income is reported at $2.5M. According to available records, Carl And Verna Schmidt Foundation has made 3 grants totaling $5.4M, with a median grant of $2.1M. Annual giving has grown from $1.2M in 2021 to $4.1M in 2022. Individual grants have ranged from $1.2M to $2.1M, with an average award of $1.8M. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
Carl And Verna Schmidt Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in MN.
Carl And Verna Schmidt Foundation has distributed a total of $5.4M across 3 grants. The median grant size is $2.1M, with an average of $1.8M. Individual grants have ranged from $1.2M to $2.1M.
The application deadline is NO DEADLINES. GENERAL RESTRICTION: SECTION 501(C)(3)ORGANIZATION.
Carl And Verna Schmidt Foundation is headquartered in ROCHESTER, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Alan C Anderson | TRUSTEE | $0 | $0 | $0 |
| Nadine K Anderson | TRUSTEE | $0 | $0 | $0 |
Total Giving
$2.6M
Total Assets
$40M
Fair Market Value
$40M
Net Worth
$40M
Grants Paid
$2.1M
Contributions
$0
Net Investment Income
$1.3M
Distribution Amount
$1.9M
Total: $8.8M
Total Grants
3
Total Giving
$5.4M
Average Grant
$1.8M
Median Grant
$2.1M
Unique Recipients
1
Most Common Grant
$2.1M
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Schedule Of GrantsSEE SCHEDULE ATTACHED | Rochester, MN | $2.1M | 2022 |
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