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James M Schoonmaker Ii Foundation is a private trust based in CHICAGO, IL. The foundation received its IRS ruling in 1992. The principal officer is The Northern Trust Company Ttee. It holds total assets of $160.9M. Annual income is reported at $34M. Total assets have grown from $2.7M in 2011 to $163.4M in 2023. The foundation is governed by 2 officers and trustees. 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 2020 to 2023. The foundation primarily funds organizations in Florida and Rhode Island. According to available records, James M Schoonmaker Ii Foundation has made 36 grants totaling $7.6M, with a median grant of $30K. Annual giving has grown from $1.2M in 2022 to $6.4M in 2023. Individual grants have ranged from $1K to $3.3M, with an average award of $211K. The foundation has supported 24 unique organizations. The foundation primarily supports organizations in Minnesota, Rhode Island, Florida, which account for 58% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$10K
Average Grant
$17K
Largest Grant
$75K
Based on 22 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.
James M Schoonmaker Ii Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 36 grants. Its grantmaking reaches organizations primarily in MN, RI, FL.
James M Schoonmaker Ii Foundation has distributed a total of $7.6M across 36 grants. The median grant size is $30K, with an average of $211K. Individual grants have ranged from $1K to $3.3M.
James M Schoonmaker Ii Foundation typically selects its grantees rather than accepting unsolicited proposals. Preference shall be given to such charitable organizations whose activities are devoted to fostering the development of national or international competition in the sports of sailing and yachting.
James M Schoonmaker Ii Foundation is headquartered in CHICAGO, IL. While based in IL, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| The Northern Trust Company | TRUSTEE | $237K | $0 | $237K |
| Patrice H Schoonmaker | TRUSTEE | $0 | $0 | N/A |
Total Giving
$7.3M
Total Assets
$163.4M
Fair Market Value
$175M
Net Worth
$163.4M
Grants Paid
$6.4M
Contributions
N/A
Net Investment Income
$3.5M
Distribution Amount
$8M
Total: $155.9M
Total Grants
36
Total Giving
$7.6M
Average Grant
$211K
Median Grant
$30K
Unique Recipients
24
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Bella Mente Quantum Racing AssociationGENERAL | Minneapolis, MN | $3.3M | 2023 |
| United States Sailing FoundationGENERAL | Bristol, RI | $750K | 2023 |
| National Sailing Hall OfGENERAL | Annapolis, MD | $550K | 2023 |
| Us Sailing Center IncGENERAL | Miami, FL | $340K | 2023 |
| Nch Healthcare FdnGENERAL | Naples, FL | $330K | 2023 |
| Neighborhood Health ClinicGENERAL | Naples, FL | $310K | 2023 |
| Great Lakes Historical SocietyGENERAL | Vermilion, OH | $200K | 2023 |
| Humane Society Of NaplesGENERAL | Naples, FL | $150K | 2023 |
| San Franciso Challenge Dba AmericaoneGENERAL | Berkeley, CA | $125K | 2023 |
| Naples Historical Society IncGENERAL | Naples, FL | $100K | 2023 |
| Orange Bowl CommitteeGENERAL | Miami, FL | $60K | 2023 |
| Naples Botanical GardenGENERAL | Naples, FL | $50K | 2023 |
| New York Yacht Club FoundationGENERAL | New York, NY | $35K | 2023 |
| Mystic SeaportGENERAL | Mystic, CT | $30K | 2023 |
| Snip CollierGENERAL | Naples, FL | $30K | 2023 |
| Edison Sailing CenterGENERAL | Fort Myers, FL | $25K | 2023 |
| Golden Paws Assistance Dogs IncGENERAL | Naples, FL | $20K | 2023 |
| Greater Monessen HistoricalGENERAL | Monessen, PA | $15K | 2023 |
| Herreshoff Marine MuseumGENERAL | Bristol, RI | $12K | 2023 |
| Sail To PrevailGENERAL | Newport, RI | $10K | 2023 |
| Vmi Foundation IncGENERAL | Lexington, VA | $5K | 2023 |
| Kappa Kappa GammaGENERAL | Dublin, OH | $2K | 2023 |
| Homewood Cemetery Historical FundGENERAL | Pittsburgh, PA | $1K | 2023 |
| Stand Up For AnimalsGENERAL | Westerly, RI | $10K | 2022 |