Funder DirectoryCARL AND VERNA SCHMIDT FOUNDATION
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Private foundation (trust)EIN 237423942Est. 1958-11

CARL AND VERNA SCHMIDT FOUNDATION

ROCHESTER, MN 559030638

Accepts unsolicited proposals

Total Assets

$40.0M

FY 2023

Annual Giving

$2.1M

FY 2023

Grants Made

1

FY 2023

Avg Grant

$2.1M

FY 2023

Grant Range

$2.1M–$2.1M

Typical

Deadlines

No deadlines

Applications

Financial Snapshot

2023 filing

Total Revenue

$1.7M

Total Expenses

$2.6M

Qualifying Distributions

$2.2M

Distributable Amount

$1.9M

Min. Investment Return

$1.9M

Undistributed Income

$342K

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Giving Over Time

4 years

Giving over time from 2020 to 2023. Peak $4.1M in 2022. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

5 grants

SCHEDULE OF GRANTS
$9.0M
5 grants

Grant Size Distribution

5 grants

<$10K
$10–50K
$50–250K
$250K–1M
$1–5M
5
grants
$5M+

Geographic Focus

1 states

Minnesota
$9.0M
100% of total

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CARL AND VERNA SCHMIDT FOUNDATION — Grants, Financials & Contact | Grantivo