PALO ALTO, CA
The Schmidt Family Foundation
Quick Facts
- EIN
- 204170342
- Location
- PALO ALTO, CA
- Category
- Education
- Total Assets
- $2B
- Annual Income
- $397.2M
- IRS Ruling Year
- 2007
- Organization Type
- Corporation
- Principal Officer
- % Jeanne Huey Cfo-Secretary
- Tax Deductibility
- Contributions are deductible
About This Foundation
The Schmidt Family Foundation is a private corporation based in PALO ALTO, CA. The foundation received its IRS ruling in 2007. The principal officer is % Jeanne Huey Cfo-Secretary. It holds total assets of $2B. Annual income is reported at $397.2M. The foundation operates in the area of education. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$168.5M
2023+16%
Total Assets
$1.8B
2023+15%
Fair Market Value
$1.8B
2023
Net Worth
$1.8B
2023
Grants Paid
$137.6M
2023
Contributions
$1.3M
2023
Net Investment Income
$191.9M
2023
Distribution Amount
$86.1M
2023
Total Giving by Year
$16M
11$26.9M
12$27.5M
13$35.7M
14$37.4M
15$113.5M
19$112.6M
20$125M
21$144.7M
22$168.5M
23Asset Growth
$178M
11$312.2M
12$412M
13$399.4M
14$368.6M
15$1.4B
19$1.8B
20$2.3B
21$1.6B
22$1.8B
23Investment Portfolio (2023)
Total: $1.3B
Corporate Stock: $1.3B
Other Investments: $484.6M
Corporate Stock (72%)
Other Investments (28%)
Expense Breakdown (2023)
Grants Paid$137.6M
Pension & Benefits$2M
Occupancy$721K
Travel & Conferences$472K
Officer Compensation$453K
Interest$361K
Accounting Fees$249K
Legal Fees$226K
Depreciation$96K
Printing & Publications$74K
Revenue Sources (2023)
- Capital Gains (Net)
- $98.4M
- Dividends
- $16.1M
- Contributions
- $1.3M
- Other Income
- $450K
- Gross Rents
- $113K
- Interest
- $110
Financial Details (2023)
- Total Revenue
- $116.3M
- Total Expenses
- $168.5M
- Exempt Purpose Expenses
- $152.3M
- Required Distribution
- $86.1M
- Undistributed Income
- $0
- Grants Approved (Future)
- $25M
- Total Liabilities
- $51.6M
- Excise Tax
- $2.7M
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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