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Schmidt Family Foundation Inc. is a private corporation based in SARASOTA, FL. The foundation received its IRS ruling in 1997. It holds total assets of $4.6M. Annual income is reported at $913K. Total assets have decreased from $7.5M in 2013 to $4.7M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of arts & culture. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. According to available records, Schmidt Family Foundation Inc. has made 56 grants totaling $1.2M, with a median grant of $10K. Annual giving has decreased from $300K in 2021 to $181K in 2023. Grantmaking activity was highest in 2022 with $754K distributed across 30 grants. Individual grants have ranged from $1K to $150K, with an average award of $22K. The foundation has supported 22 unique organizations. The foundation primarily supports organizations in Florida, Kentucky, Georgia, which account for 98% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$27K
Largest Grant
$140K
Based on 11 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.
Schmidt Family Foundation Inc. primarily funds organizations in the area of arts & culture. Based on available records, the foundation has funded 56 grants. Its grantmaking reaches organizations primarily in FL, KY, GA.
Schmidt Family Foundation Inc. has distributed a total of $1.2M across 56 grants. The median grant size is $10K, with an average of $22K. Individual grants have ranged from $1K to $150K.
Schmidt Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Schmidt Family Foundation Inc. is headquartered in SARASOTA, FL. While based in FL, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Janet B Schmidt | PRESIDENT | $0 | $0 | N/A |
| Lawrence Schmidt | SECRETARY-TREASURER | $0 | $0 | N/A |
Total Giving
$200K
Total Assets
$4.7M
Fair Market Value
$5.1M
Net Worth
$4.7M
Grants Paid
$181K
Contributions
N/A
Net Investment Income
$123K
Distribution Amount
$247K
Total: $4.2M
Total Grants
56
Total Giving
$1.2M
Average Grant
$22K
Median Grant
$10K
Unique Recipients
22
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Southeastern Guide DogsSEE ABOVE | Palmetto, FL | $55K | 2023 |
| Ringling College Of Art And DesignSEE ABOVE | Sarasota, FL | $33K | 2023 |
| SparccSEE ABOVE | Sarasota, FL | $20K | 2023 |
| Sarasota OperaSEE ABOVE | Sarasota, FL | $18K | 2023 |
| Casa Of The HeartlandSEE ABOVE | Elizabethtown, KY | $10K | 2023 |
| Clarity SolutionsALL CONTRIBUTIONS ARE MADE TO FURTHER THE | Oakland, CA | $10K | 2023 |
| Habitat For HumanitySEE ABOVE | Elizabethtown, KY | $10K | 2023 |
| Elizabethtown Police FoundationSEE ABOVE | Elizabethtown, KY | $5K | 2023 |
| Project Learn IncSEE ABOVE | Elizabethtown, KY | $5K | 2023 |
| Greenspace IncSEE ABOVE | Elizabethtown, KY | $5K | 2023 |
| Family Scholar House IncSEE ABOVE | Louisville, KY | $5K | 2023 |
| Bernheim Arboretum And Research ForestCHARITABLE PURPOSES OF THE RECIPIENT ORGANIZATIONS. | Clermont, KY | $2K | 2023 |
| Lincoln Heritage CounselSEE ABOVE | Louisville, KY | $1K | 2023 |
| Central Kentucky Community FoundationSEE ABOVE | Elizabethtown, KY | $1K | 2023 |
| Face Autism IncSEE ABOVE | Sarasota, FL | $1K | 2023 |
| Florida Studio TheatreSEE ABOVE | Sarasota, FL | $100K | 2022 |
| All Star Children'S FoundationALL CONTRIBUTIONS ARE MADE TO FURTHER THE | Sarasota, FL | $10K | 2022 |
| Court Appointed Special Advocate For ChildrenSEE ABOVE | Atlanta, GA | $10K | 2022 |
| Sarasota Art MuseumSEE ABOVE | Sarasota, FL | $8K | 2022 |
| Elizabeth Police FoundationSEE ABOVE | Elizabethtown, KY | $6K | 2022 |
| The Humane Society Of Sarasota CountySEE ABOVE | Sarasota, FL | $25K | 2021 |