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Schug Foundation is a private corporation based in CHARLOTTE, NC. The foundation received its IRS ruling in 2001. The principal officer is Peggy Cobb Schug. It holds total assets of $797K. Annual income is reported at $356K. Total assets have decreased from $1.3M in 2011 to $336K in 2023. The foundation is governed by 2 officers and trustees. 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. Grantmaking is concentrated in North Carolina. According to available records, Schug Foundation has made 255 grants totaling $691K, with a median grant of $3K. Annual giving has grown from $275K in 2020 to $415K in 2022. Individual grants have ranged from $180 to $32K, with an average award of $3K. The foundation has supported 126 unique organizations. Grant recipients are concentrated in North Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$223
Median Grant
$3K
Average Grant
$3K
Largest Grant
$32K
Based on 97 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.
Schug Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 255 grants. Its grantmaking reaches organizations primarily in NC.
Schug Foundation has distributed a total of $691K across 255 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $180 to $32K.
Schug Foundation typically selects its grantees rather than accepting unsolicited proposals. The application deadline is APPLICATION DEADLINE FOR NEW APPLICANTS IS APRIL 30 OF EACH YEAR.. Scholarships awarded to n.c. Residents and to the extent feasible, preference for scholarships given to residents of mecklenburg, haywood or jackson counties.
Schug Foundation is headquartered in CHARLOTTE, NC.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John B Schug | TRUSTEE | $0 | $0 | N/A |
| Peggy C Schug | TRUSTEE | $0 | $0 | N/A |
Total Giving
$206K
Total Assets
$336K
Fair Market Value
$336K
Net Worth
$336K
Grants Paid
$192K
Contributions
N/A
Net Investment Income
$64K
Distribution Amount
$19K
Total: $260K
Total Grants
255
Total Giving
$691K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
126
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Marna DodsonWESTERN CAROLINAUNIVERSITYTUITION | Waynesville, NC | $5K | 2022 |
| Amanda MarkleyNC STATE UNIVERSITYTUITION | Clyde, NC | $5K | 2022 |
| Sydney StineUNC CHARLOTTETUITION | Waynesville, NC | $5K | 2022 |
| Kelsey McdowellUNC CHAPEL HILLTUITION | Huntersville, NC | $5K | 2022 |
| Alesea CaldwellWESTERN CAROLINAUNIVERSITYTUITION | Waynesville, NC | $5K | 2022 |
| Victoria EstesEAST TN STATE UNIV.TUITION | Waynesville, NC | $5K | 2022 |
| Antwanette SmallsWINSTON SALEMSTATE UNIV.TUITION | Charlotte, NC | $5K | 2022 |
| Abigail WoodyNC STATETUITION | Clyde, NC | $5K | 2022 |
| Christopher CarterNC A&T STATE UNIV.TUITION | Charlotte, NC | $5K | 2022 |
| Johwin BdapNC STATE UNIVERSITYTUITION | Matthews, NC | $4K | 2022 |
| Austin BothUNC CHAPEL HILLTUITION | Matthews, NC | $4K | 2022 |
| Clayisha NorrisFAYETTEVILLE STATE UNIVERSITYTUITION | Huntersville, NC | $4K | 2022 |
| Ty PresselWESTERN CAROLINA UNIVTUITION & LAPTOP | Waynesville, NC | $4K | 2022 |
| Biak Chin TialUNC CHARLOTTETUITION & LAPTOP | Charlotte, NC | $4K | 2022 |
| Jana MccauleyUNC GREENSBOROTUITION | Charlotte, NC | $3K | 2022 |
| Grace FeichterNC STATE UNIVERSITYTUITION | Waynesville, NC | $3K | 2022 |
| Bailey ReeceWESTERN CAROLINAUNIVERSITY TUITION | Waynesville, NC | $3K | 2022 |
| Amaya MicklesNC STATE UNIVERSITYTUITION | Charlotte, NC | $3K | 2022 |
| Jedediah LianAPPALACHIAN STATE UNIV.TUITION | Charlotte, NC | $3K | 2022 |
| Justice IsomNC CENTRAL UNIVERSITYTUITION | Charlotte, NC | $3K | 2022 |
| Autum SatterfieldNC STATE UNIVERSITYTUITION | Waynesville, NC | $3K | 2022 |
| Emannuella AssemEAST CAROLINA UNIVERSITYTUITION | Charlotte, NC | $3K | 2022 |
| Alexia RomeroWESTERN CAROLINAUNIVERSITYTUITION | Waynesville, NC | $3K | 2022 |
| Emma DorganUNC GREENSBOROTUITION | Waynesville, NC | $3K | 2022 |
| Madeline HudsonUNC ASHEVILLETUITION | Waynesville, NC | $3K | 2022 |
| Diandre RichieUNC WILMINGTONTUITION | Indian Trail, NC | $3K | 2022 |
| Abigail JonesUNC GREENSBOROTUITION | Waynesville, NC | $3K | 2022 |
| Fiona MasciarelliAPPALACHIAN STATEUNIVERSITYTUITION | Waynesville, NC | $3K | 2022 |
| Jessica BatesUNC CHAPEL HILLTUITION | Canton, NC | $3K | 2022 |
| Maura CrenshawUNC GREENSBOROTUITION | Charlotte, NC | $3K | 2022 |
| Cailyn StackhouseUNC GREENSBOROTUITION | Concord, NC | $3K | 2022 |
| Courtney DardenUNC PEMBROKETUITION | Pineville, NC | $3K | 2022 |
| Miyonah WhitakerUNC GREENSBOROTUITION | Charlotte, NC | $3K | 2022 |
| Zahria SandersUNC CHAPEL HILLTUITION | Charlotte, NC | $3K | 2022 |
| Savannah WilsonAPPALCHIAN STATE UNIV.TUITION | Waynesville, NC | $3K | 2022 |
| Serena RobertsNC A&T UNIVERSITYTUITION | Charlotte, NC | $3K | 2022 |