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Also known as: FOUNDATION
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Marvin And Virgina Schmid Foundation is a private corporation based in OMAHA, NE. The foundation received its IRS ruling in 1996. The principal officer is First National Bank Of Omaha. It holds total assets of $28.2M. Annual income is reported at $8.9M. Total assets have grown from $2.7M in 2011 to $27.6M in 2023. The foundation is governed by 8 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 2016 to 2023. According to available records, Marvin And Virgina Schmid Foundation has made 4 grants totaling $3.3M, with a median grant of $835K. Individual grants have ranged from $500K to $1.2M, with an average award of $835K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Nebraska. 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.
Marvin And Virgina Schmid Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NE.
Marvin And Virgina Schmid Foundation has distributed a total of $3.3M across 4 grants. The median grant size is $835K, with an average of $835K. Individual grants have ranged from $500K to $1.2M.
Marvin And Virgina Schmid Foundation typically selects its grantees rather than accepting unsolicited proposals.
Marvin And Virgina Schmid Foundation is headquartered in OMAHA, NE.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Martha Rogers Davis | DIRECTOR/PRESIDENT | $50K | $0 | $50K |
| Chris Davis | DIRECTOR/VICE PRES | $5K | $0 | $5K |
| Heidi Wilson | SECRETARY | $5K | $0 | $5K |
| Eric Schmid | DIRECTOR | $5K | $0 | $5K |
| Paige Norton | DIRECTOR | $5K | $0 | $5K |
| Mary Schmid Norton | DIRECTOR | $5K | $0 | $5K |
| Brooke Smithberg | TREASURER | $0 | $0 | N/A |
| Michael Sullivan | DIRECTOR | $0 | $0 | N/A |
Total Giving
$2.2M
Total Assets
$27.6M
Fair Market Value
$36.7M
Net Worth
$27.6M
Grants Paid
$1.8M
Contributions
N/A
Net Investment Income
$1.3M
Distribution Amount
$1.7M
Total: $11.2M
Total Grants
4
Total Giving
$3.3M
Average Grant
$835K
Median Grant
$835K
Unique Recipients
2
Most Common Grant
$500K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of Nebraska FoundationSCHOLARSHIPS/LIBRARY/TECHNOLOGY | Lincoln, NE | $1.2M | 2022 |
| Columbus Library FoundationLIBRARY | Columbus, NE | $500K | 2022 |