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Raymond & Grace Schmidt Charitable Trust is a private trust based in CHICAGO, IL. The foundation received its IRS ruling in 2021. The principal officer is Bank One Trust Company Na Ttee. It holds total assets of $640K. Annual income is reported at $139K. 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 2020 to 2023. According to available records, Raymond & Grace Schmidt Charitable Trust has made 8 grants totaling $140K, with a median grant of $17K. The foundation has distributed between $33K and $72K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $72K distributed across 4 grants. Individual grants have ranged from $12K to $24K, with an average award of $17K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Missouri and Indiana. 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.
Raymond & Grace Schmidt Charitable Trust 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 MO, IN.
Raymond & Grace Schmidt Charitable Trust has distributed a total of $140K across 8 grants. The median grant size is $17K, with an average of $17K. Individual grants have ranged from $12K to $24K.
Raymond & Grace Schmidt Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Raymond & Grace Schmidt Charitable Trust is headquartered in CHICAGO, IL. While based in IL, the foundation distributes grants to organizations across 2 states.
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Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
$48K
Total Assets
$627K
Fair Market Value
$786K
Net Worth
$627K
Grants Paid
$35K
Contributions
N/A
Net Investment Income
$30K
Distribution Amount
$37K
Total: $573K
Total Grants
8
Total Giving
$140K
Average Grant
$17K
Median Grant
$17K
Unique Recipients
3
Most Common Grant
$12K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First Christian ChurchGENERAL | Marion, IN | $12K | 2023 |
| National BenevolentGENERAL | Saint Louis, MO | $23K | 2023 |
| National Benevolent AssociationGENERAL | Saint Louis, MO | $17K | 2020 |