Arthur J Schmitt Foundation

Organization Overview

Arthur J Schmitt Foundation is located in Northbrook, IL. The organization was established in 1959. 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. Arthur J Schmitt 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 06/2023, Arthur J Schmitt Foundation generated $527.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Arthur J Schmitt Foundation has awarded 66 individual grants totaling $4,029,500. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2023

Describe the Organization's Program Activity:

N/A


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Executive Director
$72,123
Name Not Listed
Director
$10,000
Name Not Listed
Director
$0
Name Not Listed
Director
$10,000
Name Not Listed
Foundation President/chairman
$10,000
Name Not Listed
Treasurer
$10,000

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $98
Dividends & Interest $381,525
Net Rental Income$0
Net Gain on Sale of Assets $145,749
Capital Gain Net Income $69,041
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $527,372

Grants Awarded

Over the last fiscal year, Arthur J Schmitt Foundation has awarded $840,000 in support to 13 organizations.

Grant RecipientAmount

BENEDICTINE UNIVERSITY

PURPOSE: STUDENT SCHOLARSHIPS & LEADERSHIP DEVELOPMENT

$60,000

DANIEL MURPHY SCHOLARSHIP FUND

PURPOSE: STUDENT SCHOLARSHIPS & LEADERSHIP DEVELOPMENT

$75,000

DEPAUL UNIVERSITY

PURPOSE: STUDENT SCHOLARSHIPS & LEADERSHIP DEVELOPMENT

$75,000

DOMINICAN UNIVERSITY

PURPOSE: STUDENT SCHOLARSHIPS & LEADERSHIP DEVELOPMENT

$65,000

HIGH SIGHT

PURPOSE: STUDENT SCHOLARSHIPS & LEADERSHIP DEVELOPMENT

$60,000

LEWIS UNIVERSITY

PURPOSE: STUDENT SCHOLARSHIPS & LEADERSHIP DEVELOPMENT

$60,000
View Grant Profile

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$7,182,696
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$13,625,158
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We Energies Foundation Inc
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Edward D Jones & Company Foundation
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Reva & David Logan Foundation
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The Duchossois Family Foundation
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$2,212,274

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