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Grace M Schulte Foundation is a private trust based in SAINT PAUL, MN. The foundation received its IRS ruling in 1995. The principal officer is Michael L Sullivan. It holds total assets of $1.6M. Annual income is reported at $1M. 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 2016 to 2023. Grantmaking is concentrated in Nebraska. According to available records, Grace M Schulte Foundation has made 9 grants totaling $252K, with a median grant of $27K. Annual giving has grown from $63K in 2021 to $83K in 2023. Grantmaking activity was highest in 2022 with $106K distributed across 3 grants. Individual grants have ranged from $16K to $53K, with an average award of $28K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Nebraska. Contributions to this foundation are tax-deductible.
Smallest Grant
$27K
Median Grant
$27K
Average Grant
$35K
Largest Grant
$53K
Based on 3 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.
Grace M Schulte Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in NE.
Grace M Schulte Foundation has distributed a total of $252K across 9 grants. The median grant size is $27K, with an average of $28K. Individual grants have ranged from $16K to $53K.
Grace M Schulte Foundation typically selects its grantees rather than accepting unsolicited proposals.
Grace M Schulte Foundation is headquartered in SAINT PAUL, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Us Bank Na | CORP. TRUSTEE | $28K | $0 | $28K |
Total Giving
$110K
Total Assets
$1.5M
Fair Market Value
$1.6M
Net Worth
$1.5M
Grants Paid
$83K
Contributions
N/A
Net Investment Income
$134K
Distribution Amount
$78K
Total: $270K
Total Grants
9
Total Giving
$252K
Average Grant
$28K
Median Grant
$27K
Unique Recipients
4
Most Common Grant
$16K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Creighton UniversityGENERAL OPERATING | Omaha, NE | $42K | 2023 |
| Duchesne Academy Of TheGENERAL OPERATING | Omaha, NE | $21K | 2023 |
| Children'S Hospital FoundationGENERAL OPERATING | Omaha, NE | $21K | 2023 |
| Childrens MemorialGENERAL OPERATING | Omaha, NE | $27K | 2022 |