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Otto Schoitz Foundation is a private corporation based in WATERLOO, IA. The foundation received its IRS ruling in 2018. The principal officer is Catherine Showalter. It holds total assets of $74.4M. Annual income is reported at $39.8M. The foundation is governed by 14 officers and trustees. The foundation awards grants to organizations duly authorized and equipped to carry on activities which are aligned with the foundation's mission. During the year ended september 30, 2021, the foundation disbursed $2,247,303 to 43 organizations. Tax records are available from 2021 to 2023. Grantmaking is concentrated in Cedar Valley, Iowa. According to available records, Otto Schoitz Foundation has made 149 grants totaling $9.4M, with a median grant of $26K. Annual giving has grown from $2.2M in 2021 to $3.5M in 2023. Grantmaking activity was highest in 2022 with $3.7M distributed across 50 grants. Individual grants have ranged from $378 to $736K, with an average award of $63K. The foundation has supported 86 unique organizations. Grants have been distributed to organizations in Iowa and Kansas. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$28K
Average Grant
$73K
Largest Grant
$500K
Based on 50 grants from the most recent 990-PF filing.
The foundation awards grants to organizations duly authorized and equipped to carry on activities which are aligned with the foundation's mission. During the year ended september 30, 2022, the foundation disbursed $3,670,612 to 51 organizations.
Expenses: $3.9M
The foundation awards grants to organizations duly authorized and equipped to carry on activities which are aligned with the foundation's mission. During the year ended september 30, 2021, the foundation disbursed $2,247,303 to 43 organizations. Based on available records, the foundation has funded 149 grants. Its grantmaking reaches organizations primarily in IA, KS.
Otto Schoitz Foundation has distributed a total of $9.4M across 149 grants. The median grant size is $26K, with an average of $63K. Individual grants have ranged from $378 to $736K.
The application deadline is 2026-01-11. All awards must be to charitable, scientific, literary, or educational organizations within the meaning of irc section 501(c)(3) or exclusively for public purposes or as otherwise described in irc section 170(c)(1) and for projects/organizations within the foundation's 30-mile funding radius.
Otto Schoitz Foundation is headquartered in WATERLOO, IA. While based in IA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michele Panicucci | EXECUTIVE DIRECTOR | $128K | $4K | $132K |
| Catherine Showalter | GRANT COORDINATOR | $70K | $2K | $72K |
| Eric Locke | CHAIR | $0 | $0 | N/A |
| Rudy Jones | VICE CHAIR | $0 | $0 | N/A |
| Camille Hogan | IMMEDIATE PAST CHAIR | $0 | $0 | N/A |
| Mike Mallaro | TREASURER | $0 | $0 | N/A |
| Karin Rowe | SECRETARY | $0 | $0 | N/A |
| Hugh Field | DIRECTOR | $0 | $0 | N/A |
| Will Frost | DIRECTOR | $0 | $0 | N/A |
| Blake Hollis | DIRECTOR | $0 | $0 | N/A |
| Rhonda Mcrina | DIRECTOR | $0 | $0 | N/A |
| Andy Miehe | DIRECTOR | $0 | $0 | N/A |
| Becky Mudd | DIRECTOR | $0 | $0 | N/A |
| Doug Stanford | DIRECTOR | $0 | $0 | N/A |
Total Giving
$3.1M
Total Assets
$60.7M
Fair Market Value
$60.7M
Net Worth
$58.2M
Grants Paid
$2.6M
Contributions
N/A
Net Investment Income
$1.3M
Distribution Amount
$3M
Total: $38.3M
Total Grants
149
Total Giving
$9.4M
Average Grant
$63K
Median Grant
$26K
Unique Recipients
86
Most Common Grant
$15K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Friends Of The FamilyPROGRAMMATIC SUPPORT | Waterloo, IA | $736K | 2023 |
| Peoples Community Health ClinicCAPITAL | Waterloo, IA | $375K | 2023 |
| Iowa Heartland Habitat For HumanityPROGRAMMATIC SUPPORT | Waterloo, IA | $365K | 2023 |
| City Of Waterlooleisure ServicesCAPITAL | Waterloo, IA | $333K | 2023 |
| Christian Community Development Dba House Of HopePROGRAMMATIC AND OPERATING SUPPORT | Waterloo, IA | $170K | 2023 |
| Elevate CcbhcCAPITAL | Waterloo, IA | $163K | 2023 |
| 247 Black Leadership Advancement Consortium Fka Renew WaterlooPROGRAMMATIC SUPPORT | Waterloo, IA | $75K | 2023 |
| Grin And Grow LtdOPERATING SUPPORT | Waterloo, IA | $75K | 2023 |
| SuccesslinkOPERATING SUPPORT | Waterloo, IA | $75K | 2023 |
| Iowa Legal AidPROGRAMMATIC AND OPERATING SUPPORT | Waterloo, IA | $70K | 2023 |
| Jesse Cosby CenterOPERATING SUPPORT AND CAPACITY BUILDING | Waterloo, IA | $66K | 2023 |
| Hawkeye Community College FoundationCAPITAL | Waterloo, IA | $56K | 2023 |
| University Of Northern Iowa FoundationCAPITAL AND PROGRAMMATIC SUPPORT | Cedar Falls, IA | $51K | 2023 |
| The Salvation Army Of Waterloocedar FallsOPERATING SUPPORT | Waterloo, IA | $50K | 2023 |
| Northeast Iowa Food BankOPERATING SUPPORT | Waterloo, IA | $50K | 2023 |
| Ywca Of Black Hawk CountyOPERATING SUPPORT | Waterloo, IA | $50K | 2023 |
| City Of Waterloowaterloo Public LibraryCAPITAL | Waterloo, IA | $38K | 2023 |
| Amani Community ServicesPROGRAMMATIC SUPPORT | Waterloo, IA | $38K | 2023 |
| Empowering Men ProjectOPERATING SUPPORT | Waterloo, IA | $34K | 2023 |
| Grout Museum DistrictCAPITAL AND PROGRAMMATIC SUPPORT | Waterloo, IA | $34K | 2023 |
| Ethnic Minorities Of Burma Advocacy And Resource CenterOPERATING SUPPORT | Waterloo, IA | $30K | 2023 |
| Youth Art TeamOPERATING SUPPORT | Waterloo, IA | $30K | 2023 |
| One City UnitedOPERATING AND PROGRAMMATIC SUPPORT | Waterloo, IA | $30K | 2023 |
| Exceptional Persons IncPROGRAMMATIC AND OPERATING SUPPORT | Waterloo, IA | $30K | 2023 |
| Cedar Valley AngelsPROGRAMMATIC SUPPORT | Waterloo, IA | $28K | 2023 |
| Royal Legacy Christian AcademyOPERATING SUPPORT | Waterloo, IA | $26K | 2023 |
| 1619 Freedom SchoolOPERATING SUPPORT | Waterloo, IA | $26K | 2023 |
| Try PieOPERATING SUPPORT | Waterloo, IA | $25K | 2023 |
| Catholic Charities Of The Archdiocese Of DubuqueOPERATING SUPPORT | Waterloo, IA | $25K | 2023 |
| Vision To LearnOPERATING SUPPORT | Waterloo, IA | $25K | 2023 |
| The Job FoundationOPERATING SUPPORT | Cedar Falls, IA | $25K | 2023 |
| Waterloo Housing Trust FundPROGRAMMATIC SUPPORT | Waterloo, IA | $23K | 2023 |
| One Cedar ValleyPROGRAMMATIC SUPPORT | Waterloo, IA | $23K | 2023 |
| Operation Threshold IncPROGRAMMATIC SUPPORT | Waterloo, IA | $23K | 2023 |
| Center Of AttentionOPERATING SUPPORT | Waterloo, IA | $23K | 2023 |
| Girl Scouts Of Eastern Iowa And Western IllinoisPROGRAMMATIC SUPPORT | Waterloo, IA | $21K | 2023 |
| Iowa Jobs For America'S GraduatesPROGRAMMATIC AND OPERATING SUPPORT | Waterloo, IA | $20K | 2023 |
| Inclusion ConnectionPROGRAMMATIC SUPPORT | Waterloo, IA | $15K | 2023 |
| Cedar Valley Preschool And Child Care CenterOPERATING SUPPORT | Cedar Falls, IA | $15K | 2023 |
| The Larrabee Center IncPROGRAMMATIC SUPPORT | Waverly, IA | $15K | 2023 |
| Sunrise Children'S Zoo IncCAPITAL | Waterloo, IA | $15K | 2023 |
| Black Hawk County Health DepartmentPROGRAMMATIC SUPPORT | Waterloo, IA | $13K | 2023 |
| Tri-County Child And Family Development Council IncCAPITAL | Waterloo, IA | $13K | 2023 |
| Communities In Schools Of Mid-AmericaOPERATING SUPPORT | Waterloo, IA | $12K | 2023 |
| Love Inc Of The Cedar ValleyPROGRAMMATIC SUPPORT | Cedar Falls, IA | $12K | 2023 |
| Iowa Dental FoundationPROGRAMMATIC SUPPORT | Waterloo, IA | $11K | 2023 |
| Lutheran Services In IowaPROGRAMMATIC SUPPORT | Waterloo, IA | $10K | 2023 |
| Northeast Iowa Area Agency On Aging IncPROGRAMMATIC SUPPORT | Waterloo, IA | $8K | 2023 |
| Four Oaks Family And Children'S ServicesPROGRAMMATIC SUPPORT | Waterloo, IA | $8K | 2023 |
| Plentiful PantryCAPITAL | Oelwein, IA | $8K | 2023 |