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Paul & Norma Schaumburg Charitable Trust is a private trust based in MILFORD, IL. The foundation received its IRS ruling in 2012. It holds total assets of $4.3M. Annual income is reported at $417K. Total assets have decreased from $6.3M in 2012 to $4.5M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Illinois. According to available records, Paul & Norma Schaumburg Charitable Trust has made 54 grants totaling $852K, with a median grant of $6K. Annual giving has decreased from $565K in 2022 to $287K in 2023. Individual grants have ranged from $3K to $80K, with an average award of $16K. The foundation has supported 29 unique organizations. Grant recipients are concentrated in Illinois. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$5K
Average Grant
$18K
Largest Grant
$80K
Based on 16 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.
Paul & Norma Schaumburg Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 54 grants. Its grantmaking reaches organizations primarily in IL.
Paul & Norma Schaumburg Charitable Trust has distributed a total of $852K across 54 grants. The median grant size is $6K, with an average of $16K. Individual grants have ranged from $3K to $80K.
The application deadline is SCHOLARSHIP BY MAY 1ST OF EACH YEAR. GRANTS BY NOVEMBER 1ST OF EACH YEAR. Two scholarships shall be awarded each year to deserving and needy high school graduates form the milford and sheldon, il area who are attending or plan to attend an accredited four-year college or university or a junior college. In addition scholarships may be awarded to.
Paul & Norma Schaumburg Charitable Trust is headquartered in MILFORD, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Craig Luke | CO TRUSTEE | $15K | $0 | $15K |
| Gayle Van Vickle | CO TRUSTEE | $15K | $0 | $15K |
| Cheryl Knake | CO TRUSTEE | $15K | $0 | $15K |
Total Giving
$390K
Total Assets
$4.5M
Fair Market Value
$1.5M
Net Worth
$4.5M
Grants Paid
$287K
Contributions
N/A
Net Investment Income
$81K
Distribution Amount
$245K
Total Grants
54
Total Giving
$852K
Average Grant
$16K
Median Grant
$6K
Unique Recipients
29
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Milford Firefighters AssociationSUPPORT FIRE DEPARTMENT | Milford, IL | $65K | 2023 |
| Crossroads Youth CenterSUPPORT LOCAL YOUTH PROGRAM | Milford, IL | $25K | 2023 |
| Milford Sheldon Little LeagueLITTLE LEAGUE SUPPORT | Milford, IL | $25K | 2023 |
| Country Theatre WorkshopSUPPORT LOCAL PERFORMING THEATRE | Cissna Park, IL | $23K | 2023 |
| Sheldonmilford Ed FoundationSUPPORT EDUCATION | Sheldon, IL | $20K | 2023 |
| Milford Park & Pool FoundationASSIST WITH POOL AND PARK ACTIVITIES | Milford, IL | $20K | 2023 |
| Iroquois County Goat ProducersGOAT BARN AT FAIR | Crescent City, IL | $14K | 2023 |
| St Pauls Lutheran SchoolSUPPORT EDUCATION | Milford, IL | $12K | 2023 |
| Our Saviour Lutheran ChurchSUPPORT CHURCH ACTIVITIES | Milford, IL | $10K | 2023 |
| AbraSUPPORT MENTALLY DISABLED | Sheldon, IL | $10K | 2023 |
| Lindsey JanssenSCHOLARSHIP | Hoopeston, IL | $8K | 2023 |
| Alivia SchminkSCHOLARSHIP | Milford, IL | $8K | 2023 |
| Darrow ChurchCHURCH NEEDS | Sheldon, IL | $6K | 2023 |
| Melissa Brassard Show Arena InSUPPORT YOUTH | Wellington, IL | $6K | 2023 |
| Milford LibrarySUPPORT LIBRARY PROGRAMS | Milford, IL | $6K | 2023 |
| HartANIMAL RESCUE | Hoopeston, IL | $5K | 2023 |
| Kendall MccallaSCHOLARSHIP | Milford, IL | $5K | 2023 |
| Jessica HinesSCHOLARSHIP | Milford, IL | $5K | 2023 |
| Kayla WarrenSCHOLARSHIP | Sheldon, IL | $5K | 2023 |
| Watseka Area Food PantryFOOD | Watseka, IL | $4K | 2023 |
| Sheldon Public LibraryLIBRARY PROGRAMS | Sheldon, IL | $3K | 2023 |
| Lily AtwoodSCHOLARSHIP | Sheldon, IL | $3K | 2023 |
| Prairie State Christian Service CamCHRISTIAN SUMMER CAMP | Watseka, IL | $8K | 2022 |
| Illinois Library AssociationPROMOTE LIBRARY PROGRAMS | Chicago, IL | $6K | 2022 |
| Jordan FritchSCHOLARSHIP | Milford, IL | $5K | 2022 |
| Christopher WhitemanSCHOLARSHIP | Sheldon, IL | $5K | 2022 |
| Girl Scouts Of Central IlSUPPORT GIRL SCOUTS | Springfield, IL | $3K | 2022 |
| Zoe CookSCHOLARSHIP | Milford, IL | $3K | 2022 |