Private foundation · Burlington, IA
Albert J Schmidt Trust
Typical grant size
$69K – $88K – $90K
25th · median · 75th percentile
Unique recipients
2
Repeat grantees
2
funded 2+ years
Application procedures · from 2024 990-PF
Leadership · from 2024 990-PF
Farmers Merchants Bank Trust
TRUSTEE
$20K
Source: IRS Form 990-PF, Part VII. Officers, directors, and trustees as reported by the foundation.
Payout rate · TY 2024
4.5%
grants paid ÷ assets · ~5% IRS minimum
'17
'18
'19
'20
'21
'22
'23
'24
8
Total grants awarded
$615K
Total amount
$77K
Average grant
$100K
Largest grant
Giving by year
Top recipients
Recipient names are as reported on the 990-PF. ✓ Exact match = EIN matched to IRS records by exact name + state; ≈ likely match = EIN inferred from a closely similar name. The recipient EIN is never stated on the form — it is DoubleNine’s match.
Recent grants · most recent filings first
Source: IRS Form 990-PF, Part XV. Up to 50 most recent grants shown.