Schwab Charitable Foundation
- Assets
- $2.7m
- Revenue
- $148.5k
- Investments
- $2.5m
- Employees
- 0
- Location
- Overland Park, KS
- Founding
- 03/2010
- Data as of
- 12/2023
- EIN
- 26-1997839
Organization Overview
Schwab Charitable Foundation is located in Overland Park, KS. The organization was established in 2010. 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. Schwab Charitable 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 12/2023, Schwab Charitable Foundation generated $148.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $230.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Schwab Charitable Foundation has awarded 90 individual grants totaling $1,553,145. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DOES NOT HAVE SPECIFIC DIRECT CHARITABLE ACTIVITIES. IT CONTRIBUTES TO VARIOUS CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Co-Trustee | 3 | $21,230 | |
Marshall H Waldman CPA Retired Co-Trustee/president | 3 | $15,232 | |
Mackenzie Madsen Board Member | 1 | $1,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $90,652 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,617 |
| Capital Gain Net Income | $57,617 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $206 |
| Total Revenue | $148,475 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,562 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,730 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $763 |
| Total operating and administrative expenses | $65,885 |
| Contributions, gifts, grants paid | $165,000 |
| Total expenses and disbursements | $230,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $257,357 |
| 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 | $2,451,771 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,709,128 |
| 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, Schwab Charitable Foundation has awarded $165,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ELKS NATIONAL FOUNDATION INC PURPOSE: WELCOME HOME KITS-VANCOUVER | $10,000 |
RETURNING VETERANS PROJECT PURPOSE: CLARK COUNTY WA PROGRAM | $10,000 |
OREGON PERFORMING ARTS ACADEMY PURPOSE: PROGRAMS IN CLARK COUNTY | $10,000 |
KANSAS CITY METROPOLITAN BAR FOUNDATION PURPOSE: MILITARY MATTERS PROGRAM | $10,000 |
DAKOTA WESLEYAN UNIVERSITY PURPOSE: NURSING SCHOLARSHIPS | $80,000 |
STARLIGHT THEATRE ASSOCIATION PURPOSE: COMMUNITY TICKETS SUPPORT | $10,000 |