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Also known as: ENDOWMENT TRUST OLD SECOND NATL BANK TR
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Martha D & Herbert F Schingoethe Endowment Trust is a private corporation based in AURORA, IL. The foundation received its IRS ruling in 1992. The principal officer is Old Second National Bank Trustee. It holds total assets of $5M. Annual income is reported at $4.6M. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. According to available records, Martha D & Herbert F Schingoethe Endowment Trust has made 35 grants totaling $6.3M, with a median grant of $100K. Annual giving has decreased from $344K in 2020 to $274K in 2023. Grantmaking activity was highest in 2022 with $5.7M distributed across 32 grants. Individual grants have ranged from $10K to $1M, with an average award of $180K. The foundation has supported 17 unique organizations. The foundation primarily supports organizations in Texas, Tennessee, Illinois, which account for 51% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
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.
Martha D & Herbert F Schingoethe Endowment Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 35 grants. Its grantmaking reaches organizations primarily in TX, TN, IL.
Martha D & Herbert F Schingoethe Endowment Trust has distributed a total of $6.3M across 35 grants. The median grant size is $100K, with an average of $180K. Individual grants have ranged from $10K to $1M.
Martha D & Herbert F Schingoethe Endowment Trust typically selects its grantees rather than accepting unsolicited proposals.
Martha D & Herbert F Schingoethe Endowment Trust is headquartered in AURORA, IL. While based in IL, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Old Second National Bank Stmnt 9 | TRUSTEE | $23K | $0 | $23K |
Total Giving
$312K
Total Assets
$5.4M
Fair Market Value
$5.2M
Net Worth
$5.4M
Grants Paid
$274K
Contributions
N/A
Net Investment Income
$173K
Distribution Amount
$245K
Total: $5.1M
Total Grants
35
Total Giving
$6.3M
Average Grant
$180K
Median Grant
$100K
Unique Recipients
17
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| GraceworksGENERAL OPERATING | Franklin, TN | $300K | 2022 |
| Aurora University Schingoethe Center For Native American CulturesEDUCATIONAL | Aurora, IL | $254K | 2023 |
| Asu Foundation For A New American UniversityMARK KLETT EXCELLENCE IN PHOTOGRAPHY SCHOLARSHIP | Tempe, AZ | $20K | 2023 |
| Village Of Hope UgandaGENERAL OPERATING | Dallas, TX | $1M | 2022 |
| Church Of The CityGENERAL OPERATING | Nolensville, TN | $300K | 2022 |
| World ReliefGENERAL OPERATING | Baltimore, MD | $250K | 2022 |
| GiefGENERAL OPERATING | Mccordsville, IN | $200K | 2022 |
| Food For The SoulGENERAL OPERATING | Keller, TX | $100K | 2022 |
| Franklin Noon Rotary Charitable FoundationGENERAL OPERATING | Nolensville, TN | $100K | 2022 |
| Hope ClinicGENERAL OPERATING | Nashville, TN | $100K | 2022 |
| Rotary Foundation InternationalGENERAL OPERATING | Chicago, IL | $50K | 2022 |
| CompassionowGENERAL OPERATING | San Dimas, CA | $50K | 2022 |
| First Nations Development InstituteGENERAL OPERATING | Longmont, CO | $20K | 2022 |
| Florence Immigrant And Refugee Rights ProjectGENERAL OPERATING | Phoenix, AZ | $20K | 2022 |
| International Rescue CommitteeGENERAL OPERATING | New York, NY | $20K | 2022 |
| American Indian College FundGENERAL OPERATING | Denver, CO | $20K | 2022 |
| Ethnos 360GENERAL OPERATING | Sanford, FL | $10K | 2022 |