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Also known as: C/O MICHAEL EARLS CPA
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Olin B And Desta Schwab Foundation Inc. is a private corporation based in FORT WAYNE, IN. The foundation received its IRS ruling in 2007. The principal officer is M James Johnston. It holds total assets of $3.4M. Annual income is reported at $296K. Total assets have decreased from $6.4M in 2011 to $3.4M in 2024. The foundation is governed by 10 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2024. Grantmaking is concentrated in Indiana. According to available records, Olin B And Desta Schwab Foundation Inc. has made 8 grants totaling $1.5M, with a median grant of $210K. Annual giving has decreased from $962K in 2022 to $534K in 2023. Individual grants have ranged from $6K to $350K, with an average award of $187K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Indiana. Contributions to this foundation are tax-deductible.
Smallest Grant
$75K
Median Grant
$269K
Average Grant
$241K
Largest Grant
$350K
Based on 4 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.
Olin B And Desta Schwab Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in IN.
Olin B And Desta Schwab Foundation Inc. has distributed a total of $1.5M across 8 grants. The median grant size is $210K, with an average of $187K. Individual grants have ranged from $6K to $350K.
The application deadline is MARCH 31ST AND AUGUST 31ST OF EACH YEAR. The schwab foundations primary focus is organizations and programs that serve students in middle and high school in allen county and the five contiguous counties of noble, dekalb, adams, wells, huntington and whitley. Applicant agencies must be 501(c)(3) organizations and agencies, schools or school districts.
Olin B And Desta Schwab Foundation Inc. is headquartered in FORT WAYNE, IN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sue Ehinger | DIRECTOR | $0 | $0 | N/A |
| Kyle Martin | PRESIDENT | $0 | $0 | N/A |
| Kelli Packnett | VICE PRESIDE | $0 | $0 | N/A |
| Amos Norman | DIRECTOR | $0 | $0 | N/A |
| Gary Shearer | DIRECTOR | $0 | $0 | N/A |
| Heather Herron | DIRECTOR | $0 | $0 | N/A |
| Michael Earls | TREASURER | $0 | $0 | N/A |
| Todd Roberts | DIRECTOR | $0 | $0 | N/A |
| M James Johnston | DIRECTOR | $0 | $0 | N/A |
| Sherry Grate | SECRETARY | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$3.4M
Fair Market Value
N/A
Net Worth
$3.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
8
Total Giving
$1.5M
Average Grant
$187K
Median Grant
$210K
Unique Recipients
4
Most Common Grant
$75K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Ivy Tech Community CollegeTRANSFORMATIVE INITIATIVE | Fort Wayne, IN | $245K | 2023 |
| Junior Achievement Of Northern InTRANFORMATIVE INITIATIVE | Fort Wayne, IN | $175K | 2023 |
| Region 8 Education Service CtrTRANSFORMATIVE INITIATIVE | Fort Wayne, IN | $108K | 2023 |
| Northeast Indiana FundTRANSFORMATIVE INITIATIVE | Fort Wayne, IN | $75K | 2022 |
INDIANAPOLIS, IN
INDIANAPOLIS, IN
MERRILLVILLE, IN