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Schumaker Charitable Trust is a private trust based in PENNINGTON, NJ. The foundation received its IRS ruling in 2024. The principal officer is Us Trust Company Of Delaware Ttee. It holds total assets of $5.1M. Annual income is reported at $2.7M. The foundation is governed by 1 officer or trustee. 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 2022 to 2023. According to available records, Schumaker Charitable Trust has made 8 grants totaling $654K, with a median grant of $82K. The foundation has distributed between $303K and $351K annually from 2022 to 2023. Individual grants have ranged from $61K to $105K, with an average award of $82K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Kansas. 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.
Schumaker 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 KS.
Schumaker Charitable Trust has distributed a total of $654K across 8 grants. The median grant size is $82K, with an average of $82K. Individual grants have ranged from $61K to $105K.
Schumaker Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Schumaker Charitable Trust is headquartered in PENNINGTON, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America N A | TRUSTEE | $65K | $0 | $65K |
Total Giving
$421K
Total Assets
$5.1M
Fair Market Value
$5.7M
Net Worth
$5.1M
Grants Paid
$351K
Contributions
$473K
Net Investment Income
$65K
Distribution Amount
$255K
Total: $4.9M
Total Grants
8
Total Giving
$654K
Average Grant
$82K
Median Grant
$82K
Unique Recipients
4
Most Common Grant
$76K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Eastminster Presbyterian ChurchGENERAL OPERATING | Wichita, KS | $105K | 2023 |
| Wichita State UniveristyGENERAL OPERATING | Wichita, KS | $88K | 2023 |
| Cornerstone Christian ChurchGENERAL OPERATING | Wichita, KS | $88K | 2023 |
| Wichita Scottish RiteGENERAL OPERATING | Wichita, KS | $70K | 2023 |