Schumann Foundation

Organization Overview

Schumann Foundation is located in Richmond, VA. The organization was established in 2004. 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. Schumann 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 11/2021, Schumann Foundation generated $7.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (33.5%) each year. All expenses for the organization totaled $5.0k during the year ending 11/2021. As we would expect to see with falling revenues, expenses have declined by (25.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $1
Dividends & Interest $6,223
Net Rental Income$0
Net Gain on Sale of Assets $1,170
Capital Gain Net Income $1,170
Net ST Capital Gain $117
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $7,394

Grants Awarded

Over the last fiscal year, Schumann Foundation has awarded $111,000 in support to 2 organizations.

Grant RecipientAmount

VIRGINIA LUTHERAN SYNOD

PURPOSE: FUNDING YOUTH ASSEMBLY EVENT

$100,000

FIRST ENGLISH EVANGELICAL LUTHERAN

PURPOSE: GENERAL SUPPORT

$11,000
View Grant Profile

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