Marge & Charles J Schott Foundation
- Assets
- $97.0m
- Revenue
- $11.2m
- Investments
- $92.0m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 09/1966
- Data as of
- 12/2021
- EIN
- 31-6063407
Organization Overview
Marge & Charles J Schott Foundation is located in Cincinnati, OH. The organization was established in 1966. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Marge & Charles J Schott Foundation 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, Marge & Charles J Schott Foundation generated $11.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $8.5m during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Marge & Charles J Schott Foundation has awarded 783 individual grants totaling $40,877,270. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracey C Duda Trustee | 10 | $95,000 | |
Carlotta C Wider Vice President | 10 | $95,000 | |
Mary Elizabeth Unnewehr Asst. Secretary | 10 | $95,000 | |
John R Verkamp Treasurer | 10 | $95,000 | |
Frank Crane III President | 10 | $95,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs Financial Services Inc | 12/30/21 | $660,835 |
Wells Fargo | 12/30/21 | $104,711 |
Brady Ware | 12/30/21 | $98,100 |
Fifth Third Private Bank | 12/30/21 | $164,165 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $442,125 |
| Dividends & Interest | $2,445,744 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,281,963 |
| Capital Gain Net Income | $8,281,963 |
| Net ST Capital Gain | $0 |
| Income Modifications | $1,000,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,169,832 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $475,000 |
| Other employee salaries and wages | $33,692 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $158,250 |
| Depreciation | $3,955 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $56,426 |
| Total operating and administrative expenses | $1,764,296 |
| Contributions, gifts, grants paid | $6,691,614 |
| Total expenses and disbursements | $8,455,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $574,565 |
| Savings and temporary cash investments | $4,021,685 |
| 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 | $172,346 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $297,796 |
| Net Land, buildings, and equipment | $154,318 |
| Other assets | $0 |
| Total assets | $96,968,868 |
| 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, Marge & Charles J Schott Foundation has awarded $6,691,614 in support to 113 organizations.
| Grant Recipient | Amount |
|---|---|
THE CROWN CINCINNATI CO GREEN UMBRELLA PURPOSE: GIVEN TO THE CHARITY'S GENERAL FUND TO BE USED AS THEY SEE FIT | $1,000,000 |
Cincinnati, OH PURPOSE: GIVEN TO THE CHARITY'S GENERAL FUND TO BE USED AS THEY SEE FIT | $500,000 |
WASHINGTON UNIVERSITY (ST LOUIS) PURPOSE: GIVEN TO THE CHARITY'S GENERAL FUND TO BE USED AS THEY SEE FIT | $350,000 |
THE SUMMIT PURPOSE: GIVEN TO THE CHARITY'S GENERAL FUND TO BE USED AS THEY SEE FIT | $273,115 |
MINORITY BUSINESS ACCEL PURPOSE: GIVEN TO THE CHARITY'S GENERAL FUND TO BE USED AS THEY SEE FIT | $250,000 |
Cincinnati, OH PURPOSE: GIVEN TO THE CHARITY'S GENERAL FUND TO BE USED AS THEY SEE FIT | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |