Schwartz Memorial Foundation Trust
- Assets
- $1.1m
- Revenue
- $63.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 12/1972
- Data as of
- 12/2021
- EIN
- 23-7075494
Organization Overview
Schwartz Memorial Foundation Trust is located in Milwaukee, WI. The organization was established in 1972. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schwartz Memorial Foundation Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Schwartz Memorial Foundation Trust generated $63.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $86.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Schwartz Memorial Foundation Trust has awarded 27 individual grants totaling $450,343. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,882 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,239 |
| Capital Gain Net Income | $30,239 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $106 |
| Total Revenue | $63,227 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,180 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $611 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $138 |
| Total operating and administrative expenses | $22,679 |
| Contributions, gifts, grants paid | $64,245 |
| Total expenses and disbursements | $86,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294 |
| Savings and temporary cash investments | $22,603 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $201,562 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $244 |
| Total assets | $1,124,838 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Schwartz Memorial Foundation Trust has awarded $64,245 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Ottumwa, IA PURPOSE: SCHOLARSHIPS | $20,880 |
Davenport, IA PURPOSE: SCHOLARSHIPS | $20,879 |
JEFFERSON COUNTY HOSPITAL PURPOSE: GENERAL OPERATING | $11,243 |
Bloomfield, IA PURPOSE: GENERAL OPERATING | $11,243 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |
Wing Shadow Foundation Ada, MI | $89,908,464 | $23,772,931 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
Carls Foundation Bloomfield Hills, MI | $120,507,770 | $14,280,001 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
The David And Carol Van Andel Family Foundation Grand Rapids, MI | $107,851,670 | $8,218,571 |