Marge & Charles J Schott Foundation
- Assets
- $96.8m
- Revenue
- $6.7m
- Investments
- $89.6m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 09/1966
- Data as of
- 12/2022
- EIN
- 31-6063407
Organization Overview
Marge & Charles J Schott Foundation is located in Cincinnati, OH. The organization was established in 1966. 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. Marge & Charles J Schott 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 12/2022, Marge & Charles J Schott Foundation generated $6.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $6.9m during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Marge & Charles J Schott Foundation has awarded 893 individual grants totaling $45,993,770. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Crane III President | 10 | $95,000 | |
Carlotta C Wider Vice President | 10 | $95,000 | |
Mary Elizabeth Unnewehr Asst. Secretary | 10 | $95,000 | |
Tracey C Duda Trustee | 10 | $11,875 | |
John R Verkamp Treasurer | 10 | $95,000 | |
Grettchen Mcgoff Trustee | 10 | $71,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs Financial Services Inc | 12/30/22 | $553,772 |
Fifth Third Private Bank | 12/30/22 | $155,699 |
Wells Fargo | 12/30/22 | $78,601 |
Brady Ware | 12/30/22 | $140,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $477,459 |
| Dividends & Interest | $2,425,266 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,794,871 |
| Capital Gain Net Income | $3,794,871 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,254 |
| Total Revenue | $6,709,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $463,125 |
| Other employee salaries and wages | $35,084 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $210,902 |
| Depreciation | $3,955 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $57,335 |
| Total operating and administrative expenses | $1,760,675 |
| Contributions, gifts, grants paid | $5,116,500 |
| Total expenses and disbursements | $6,877,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,198 |
| Savings and temporary cash investments | $6,634,206 |
| 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 | $297,796 |
| Net Land, buildings, and equipment | $150,363 |
| Other assets | $0 |
| Total assets | $96,801,543 |
| 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, Marge & Charles J Schott Foundation has awarded $5,116,500 in support to 110 organizations.
| Grant Recipient | Amount |
|---|---|
55 NORTH PURPOSE: GIVEN TO THE CHARITY'S GENERAL FUND TO BE USED AS THEY SEE FIT | $35,000 |
ACCELERATE GREAT SCHOOLS PURPOSE: GIVEN TO THE CHARITY'S GENERAL FUND TO BE USED AS THEY SEE FIT | $200,000 |
AMERICAN HEART ASSOCIATION PURPOSE: GIVEN TO THE CHARITY'S GENERAL FUND TO BE USED AS THEY SEE FIT | $5,000 |
ADOPT A CLASS PURPOSE: GIVEN TO THE CHARITY'S GENERAL FUND TO BE USED AS THEY SEE FIT | $30,000 |
AMERICAN RED CROSS PURPOSE: GIVEN TO THE CHARITY'S GENERAL FUND TO BE USED AS THEY SEE FIT | $30,000 |
ARUNA PROJECT PURPOSE: GIVEN TO THE CHARITY'S GENERAL FUND TO BE USED AS THEY SEE FIT | $10,000 |