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Filing year 2024

RAYMOND & GRACE SCHMIDT CHARITABLE TRUST

Chicago, Illinois·EIN 35-6693044·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$45k
Total assets
$620k
Total expenses
$49k
Reported officers
1

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Illinois.

Trustee
Board Member
25th percentile to median
$14k
$15k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at RAYMOND & GRACE SCHMIDT CHARITABLE TRUST equaled 29% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
29%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$34k

Itemized grants

2

Median grant

$17k

RecipientLocationPurposeAmount
NATIONAL BENEVOLENT ASSOCIATIONSAINT LOUIS, MOGENERAL$22k
FIRST CHRISTIAN CHURCHMARION, INGENERAL$12k

Up 10%
from 2023

From $13k in 2023 to $14k in 2024.

$13k
2023
$14k
2024
In today's dollarsEst.
Up 6% in real terms$14k to $15k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 10% from 2023 to 2024, while revenue rose 5%.

$13k in 2023 to $14k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about RAYMOND & GRACE SCHMIDT CHARITABLE TRUST

What does the Board Member of RAYMOND & GRACE SCHMIDT CHARITABLE TRUST earn?

In 2024, the Board Member of RAYMOND & GRACE SCHMIDT CHARITABLE TRUST received $13,959 in total compensation. This pay is below the median (the midpoint) for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in Illinois, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at RAYMOND & GRACE SCHMIDT CHARITABLE TRUST compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Illinois, the 2024 pay of the Board Member at RAYMOND & GRACE SCHMIDT CHARITABLE TRUST falls between the 25th percentile and the median. In 2024, the highest total compensation at RAYMOND & GRACE SCHMIDT CHARITABLE TRUST equaled 29% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are RAYMOND & GRACE SCHMIDT CHARITABLE TRUST's revenue and expenses?

In 2024, RAYMOND & GRACE SCHMIDT CHARITABLE TRUST reported $45k in total revenue and $49k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.