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Also known as: DACOTAH BANK
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Edward L Schwab Memorial Foundation is a private corporation based in ABERDEEN, SD. The foundation received its IRS ruling in 1997. The principal officer is Thomas Appletoft. It holds total assets of $1.7M. Annual income is reported at $581K. Total assets have grown from $1.1M in 2011 to $1.7M in 2024. The foundation is governed by 6 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2024. The foundation primarily funds organizations in South Dakota, North Dakota and Minnesota. According to available records, Edward L Schwab Memorial Foundation has made 126 grants totaling $1.1M, with a median grant of $3K. Annual giving has grown from $273K in 2021 to $514K in 2023. Individual grants have ranged from $1K to $61K, with an average award of $8K. The foundation has supported 45 unique organizations. The foundation primarily supports organizations in South Dakota, North Dakota, Missouri, which account for 64% of all grants. Grantmaking reaches organizations across 13 states. Contributions to this foundation are tax-deductible.
Edward L Schwab Memorial Foundation reported 126 individual grants totaling $1.1 million between 2021 and 2023 across its IRS Form 990-PF filings, with a median grant of $2,600. Half of those grants fell between $1,368 and $7,935. Its largest single grant in the record was $60,667. Its most recent available filing, for fiscal year 2023, reports $339,889 in total giving.
The largest share of grants went to organizations in SD (56 of 126), followed by ND (18) and NE (13). In total the foundation's grantees span 13 states. Of its 45 distinct grantees, 82 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were South Dakota State University ($231,482), Lake Area Technical College ($107,378) and Lake Area Technical Institute ($105,140).
Computed from 126 individual grant records (2021–2023) in this foundation's IRS Form 990-PF Part XV filings, reaching 13 states. Source: IRS 990-PF.
Smallest Grant
$1K
Median Grant
$3K
Average Grant
$8K
Largest Grant
$58K
Based on 34 grants from the most recent 990-PF filing.
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.
Edward L Schwab Memorial Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 126 grants. Its grantmaking reaches organizations primarily in SD, ND, MO.
Edward L Schwab Memorial Foundation has distributed a total of $1.1M across 126 grants. The median grant size is $3K, with an average of $8K. Individual grants have ranged from $1K to $61K.
The application deadline is 180 DAYS AFTER PUBLICATION NOTICE. Henry, willow lake, clark, florance & hamlin county school districts.
Edward L Schwab Memorial Foundation is headquartered in ABERDEEN, SD. While based in SD, the foundation distributes grants to organizations across 13 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Dacotah Bank | MANAGER | $31K | $0 | $31K |
| David Moritz | VICE PRESIDENT | $0 | $0 | N/A |
| Tom Labrie | PRESIDENT | $0 | $0 | N/A |
| Tammie Paulson | MEMBER | $0 | $0 | N/A |
| Barb Desnoyers | SECRETARY/TREASURER | $0 | $0 | N/A |
| Matt Hofman | MEMBER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1.7M
Fair Market Value
N/A
Net Worth
$1.7M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
126
Total Giving
$1.1M
Average Grant
$8K
Median Grant
$3K
Unique Recipients
45
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Brigham Young UniversitySCHOLARSHIPS | Provo, UT | $2K | 2023 |
| South Dakota State UniversitySCHOLARSHIPS | Brookings, SD | $61K | 2023 |
| Lake Area Technical CollegeSCHOLARSHIPS | Watertown, SD | $54K | 2023 |
| Mount Marty CollegeSCHOLARSHIPS | Yankton, SD | $21K | 2023 |
| University Of South DakotaSCHOLARSHIPS | Vermillion, SD | $19K | 2023 |
| Northern State UniversitySCHOLARSHIPS | Aberdeen, SD | $18K | 2023 |
| University Of Sioux FallsSCHOLARSHIPS | Sioux Falls, SD | $12K | 2023 |
| Dakota State UniversitySCHOLARSHIPS | Madison, SD | $12K | 2023 |
| Evangel UniversitySCHOLARSHIPS | Springfield, MO | $9K | 2023 |
| Black Hills State UniversitySCHOLARSHIPS | Spearfish, SD | $5K | 2023 |
| North Dakota State UniversitySCHOLARSHIPS | Fargo, ND | $5K | 2023 |
| South Dakota School Of Mines & TechnologySCHOLARSHIPS | Rapid City, SD | $5K | 2023 |
| University Of MarySCHOLARSHIPS | Bismarck, ND | $3K | 2023 |
| Mitchell Technical InstituteSCHOLARSHIPS | Mitchell, SD | $3K | 2023 |
| Southeast Community CollegeSCHOLARSHIPS | Lincoln, NE | $3K | 2023 |
| University Of Nebraska - LincolnSCHOLARSHIPS | Lincoln, NE | $2K | 2023 |
| Concordia CollegeSCHOLARSHIPS | Moorhead, MN | $2K | 2023 |
| Us Air Force AcademySCHOLARSHIPS | Usaf Academy, CO | $2K | 2023 |
| Trinity Bible CollegeSCHOLARSHIPS | Ellendale, ND | $2K | 2023 |
| Southeast Technical CollegeSCHOLARSHIPS | Sioux Falls, SD | $2K | 2023 |
| Presentation CollegeSCHOLARSHIPS | Aberdeen, SD | $2K | 2023 |
| University Of FloridaSCHOLARSHIPS | Gainesville, FL | $1K | 2023 |
| Rocky Mountain CollegeSCHOLARSHIPS | Billings, MT | $1K | 2023 |
| Dordt UniversitySCHOLARSHIPS | Sioux Center, IA | $1K | 2023 |
| Chadron State CollegeSCHOLARSHIPS | Chadron, NE | $1K | 2023 |
SIOUX FALLS, SD
RAPID CITY, SD
SIOUX FALLS, SD