Robert And Adele Schiff Family Foundation Inc

Organization Overview

Robert And Adele Schiff Family Foundation Inc is located in Milwaukee, WI. The organization was established in 2003. 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. Robert And Adele Schiff Family Foundation Inc 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, Robert And Adele Schiff Family Foundation Inc generated $18.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $19.1m during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2021, Robert And Adele Schiff Family Foundation Inc has awarded 68 individual grants totaling $15,883,000. 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 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION ANTICIPATES THAT ITS SOLE ACTIVITY WILL BE TO MAKE GIFTS AND GRANTS TO QUALIFIED IRC SECTION 501(C)(3) CHARITABLE, RELIGIOUS, & EDUCATIONAL ORGANIZATIONS THAT ARE


NOT PRIVATE FOUNDTIONS. RECIPIENTS OF GRANTS WILL BE DETERMINED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS.


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Board, Officers & Key Employees

Name (title)Compensation
Robert C Schiff Jr
Director
$0
James A Schiff
Director
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $4,772,817
Net Rental Income$0
Net Gain on Sale of Assets $12,637,153
Capital Gain Net Income $12,637,153
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $1,132,027
Total Revenue $18,541,997

Grants Awarded

Over the last fiscal year, Robert And Adele Schiff Family Foundation Inc has awarded $15,883,000 in support to 68 organizations.

Grant RecipientAmount

UNIVERSITY OF CINCINNATI FOUNDATION

Org PageRecipient Profile

Cincinnati, OH

PURPOSE: GENERAL OPERATING

$4,600,000

VANDERBILT UNIVERSITY

Org PageRecipient Profile

Nashville, TN

PURPOSE: GENERAL OPERATING

$1,700,000

COMMUNITY LEARNING CENTER INSTITUTE

Org PageRecipient Profile

Cincinnati, OH

PURPOSE: GENERAL OPERATING

$1,700,000

DUKE UNIVERSITY

PURPOSE: GENERAL OPERATING

$1,700,000

Covington, KY

PURPOSE: GENERAL OPERATING

$1,220,000

CINCINNATI CHILDREN'S HOSPITAL MEDICAL

PURPOSE: GENERAL OPERATING

$700,000
View Grant Profile

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