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Schott Foundation is a private corporation based in CHANHASSEN, MN. The foundation received its IRS ruling in 1982. It holds total assets of $6.5M. Annual income is reported at $5.8M. Total assets have grown from $2.9M in 2011 to $6.3M in 2023. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2024. Grantmaking is concentrated in Minnesota. According to available records, Schott Foundation has made 21 grants totaling $938K, with a median grant of $48K. Annual giving has grown from $292K in 2021 to $646K in 2023. Individual grants have ranged from $3K to $100K, with an average award of $45K. The foundation has supported 8 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$44K
Average Grant
$42K
Largest Grant
$100K
Based on 7 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.
Schott Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in MN.
Schott Foundation has distributed a total of $938K across 21 grants. The median grant size is $48K, with an average of $45K. Individual grants have ranged from $3K to $100K.
Schott Foundation typically selects its grantees rather than accepting unsolicited proposals. Awards will be based on the merit of the proposal.
Schott Foundation is headquartered in CHANHASSEN, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Wendell Schott | Treasurer | $9K | $0 | $9K |
| Owen Schott | President | $0 | $0 | N/A |
| Owen Schott Jr | Secretary | $0 | $0 | N/A |
Total Giving
$445K
Total Assets
$6.3M
Fair Market Value
$7M
Net Worth
$6.3M
Grants Paid
$330K
Contributions
N/A
Net Investment Income
$166K
Distribution Amount
$324K
Total: $6.2M
Total Grants
21
Total Giving
$938K
Average Grant
$45K
Median Grant
$48K
Unique Recipients
8
Most Common Grant
$100K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Minnesota Independent School ForumOperating Support | Saint Paul, MN | $100K | 2023 |
| Boy Scouts Of America Northern StarOperating Support | Minneapolis, MN | $57K | 2023 |
| Twin Cities Public Tv - KtcaOperating Support | Saint Paul, MN | $55K | 2023 |
| Nature ConservancyOperating Support | Minneapolis, MN | $48K | 2023 |
| The WorksOperating Support | Edina, MN | $40K | 2023 |
| Best PrepOperating Support | Brooklyn Park, MN | $17K | 2023 |
| Minnesota Professional EngineersOperating Support | Saint Paul, MN | $6K | 2023 |
| Diabetes InstituteOperating Support | Minneapolis, MN | $100K | 2021 |