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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.
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.
| 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