Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
WILLIAM E SCHMIDT FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 6783
  Room/suite
City or town
EVANSVILLE
State or province
IN
Country  
ZIP or foreign postal code
477190783
A Employer identification number

35-1884241
B Telephone number (see instructions)

8124649161
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$52,786,587J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 1,100
2 Check .................
3 Interest on savings and temporary cash investments 2,089 2,089  
4 Dividends and interest from securities... 941,544 941,544  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 12,932,164
b Gross sales price for all assets on line 6a 23,305,777
7 Capital gain net income (from Part IV, line 2)... 12,932,164
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
74,672 23,971  
12 Total. Add lines 1 through 11........ 13,951,569 13,899,768  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 84,000 17,000   67,000
14 Other employee salaries and wages...... 253,026 0   253,026
15 Pension plans, employee benefits....... 32,311 0   32,311
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,613 1,474   139
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
58,400 9,751   48,649
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
67,754 0   67,754
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
245,556 0   19,521
19 Depreciation (attach schedule) and depletion... 1,133 1,133  
20 Occupancy.............. 7,800 0   7,800
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,684,249 155,381   1,528,868
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,435,842 184,739   2,025,068
25 Contributions, gifts, grants paid....... 364,920 364,920
26 Total expenses and disbursements. Add lines 24 and 25 ................ 2,800,762 184,739   2,389,988
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 11,150,807
b Net investment income (if negative, enter -0-) 13,715,029
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 342,147 627,693 627,693
2 Savings and temporary cash investments.........      
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) 44,294
Less: allowance for doubtful accounts 0 81,205 44,294 44,294
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 14,392,808 Click to see attachment
List of Attached Documents:
// Content
33,462,408 		40,159,297
c Investments—corporate bonds (attach schedule)....... 19,514,063 Click to see attachment
List of Attached Documents:
// Content
11,351,012 		11,895,442
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis 10,476
Less: accumulated depreciation (attach schedule) 9,815 1,795 661 661
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
57,570 		Click to see attachment
List of Attached Documents:
// Content
59,200 		Click to see attachment
List of Attached Documents:
// Content
59,200
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 34,389,588 45,545,268 52,786,587
Liabilities 17 Accounts payable and accrued expenses.......... 8,427 13,334
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe ) Click to see attachment
List of Attached Documents:
// Content
1,812 		Click to see attachment
List of Attached Documents:
// Content
1,778
23 Total liabilities (add lines 17 through 22)......... 10,239 15,112
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 34,379,349 45,530,156
29 Total net assets or fund balances (see instructions)..... 34,379,349 45,530,156
30 Total liabilities and net assets/fund balances (see instructions). 34,389,588 45,545,268
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
34,379,349
2
Enter amount from Part I, line 27a .....................
2
11,150,807
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
45,530,156
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
45,530,156
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a ARES CAPITAL CORP COM P 2025-01-23 2025-05-15
b COREWEAVE INC COM P 2025-11-11 2025-12-19
c CROWDSTRIKE HLDINGS INC P 2024-08-05 2025-01-29
d CROWDSTRIKE HLDINGS INC P 2024-08-05 2025-02-07
e CROWDSTRIKE HLDINGS INC P 2024-08-05 2025-02-26
DELL TECHNOLOGIES P 2024-08-12 2025-02-20
FIRST TR EXCHNG TRADED FD P 2024-12-31 2025-08-28
FIRST TR EXCHNG TRADED FD P 2024-12-31 2025-09-11
FIRST TR EXCHNG TRADED FD P 2024-12-31 2025-09-18
FIRST TR EXCHNG TRADED FD P 2024-12-31 2025-09-19
JP MORGAN EXCHANGE TRADED FD P 2025-02-12 2025-08-12
MORGAN STANLEY DIRECT LENDING COM P 2025-05-15 2025-05-15
THE TRADE DESK INC P 2025-02-13 2025-12-03
THE TRADE DESK INC P 2025-02-13 2025-12-03
THE TRADE DESK INC P 2025-02-13 2025-12-03
THE TRADE DESK INC P 2025-02-13 2025-12-03
THE TRADE DESK INC P 2025-02-13 2025-12-03
APPLIED MATLS INC NOTE P 2022-04-27 2025-10-01
AUTONATION INC COM P 2022-10-07 2025-02-28
AUTONATION INC COM P 2022-10-07 2025-08-12
BLACKSTONE INC P 2022-09-23 2025-12-03
DELL TECHNOLOGIES P 2024-08-12 2025-10-08
DISNEY WALT CO MTN P 2017-12-29 2025-09-17
EXXON MOBILE CORP P 2018-01-26 2025-03-06
FIRST TR EXCHNG TRADED FD P 2024-03-07 2025-08-06
INVESCO EXCH TRADED FD TR II P 2024-01-23 2025-08-22
INVESCO EXCH TRADED FD TR II P 2024-01-23 2025-09-15
INVESCO EXCH TRADED FD TR II P 2024-04-01 2025-09-15
INVESCO EXCH TRADED FD TR II P 2024-04-01 2025-09-19
INVESCO EXCH TRADED FD TR II P 2024-04-12 2025-09-19
INVESCO EXCH TRADED FD TR II P 2024-04-15 2025-09-19
INVESCO EXCH TRADED FD TR II P 2024-04-19 2025-09-19
INVESCO EXCH TRADED FD TR II P 2024-06-12 2025-09-19
INVESCO EXCH TRADED FD TR II P 2024-06-12 2025-10-15
INVESCO EXCHANGE TRADED FD TR P 2022-05-05 2025-10-15
INVESCO EXCHANGE TRADED FD TR P 2022-05-05 2025-10-15
INVESCO EXCHANGE TRADED FD TR P 2022-05-09 2025-10-15
INVESCO EXCHANGE TRADED FD TR P 2022-09-19 2025-10-15
INVESCO EXCHANGE TRADED FD TR P 2022-09-23 2025-10-15
INVESCO EXCHANGE TRADED FD TR P 2022-10-11 2025-10-15
INVESCO EXCHANGE TRADED FD TR P 2023-03-02 2025-10-15
INVESCO EXCHANGE TRADED FD TR P 2024-05-28 2025-10-15
INVESCO EXCHANGE TRADED FD TR P 2024-06-05 2025-10-15
INVESCO EXCHANGE TRADED FD TR P 2024-06-06 2025-10-15
INVESCO EXCHANGE TRADED FD TR P 2024-06-12 2025-10-15
INVESCO EXCHANGE TRADED FD TR P 2023-03-17 2025-09-19
INVESCO EXCHANGE TRADED FD TR P 2023-03-20 2025-09-19
INVESCO EXCHANGE TRADED FD TR P 2023-07-21 2025-09-19
INVESCO EXCHANGE TRADED FD TR P 2024-02-26 2025-09-19
PRECISION CASTPARTS CORP P 2021-12-08 2025-06-16
UNITED STATES TREAS NTS P 2018-01-22 2025-02-18
UNITED STATES TREAS SER P 2021-10-04 2025-07-31
UNITED STATES TREAS SER P 2021-09-01 2025-09-30
UNITED STATES TREAS SER P 2023-08-16 2025-07-31
UNITED STATES TREAS SER P 2021-06-01 2025-04-30
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-01-23
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-02-06
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-02-10
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-02-12
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-02-13
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-06-24
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-06-27
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-07-03
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-07-21
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-07-23
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-07-24
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-07-25
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-08-06
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-08-11
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-08-12
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-08-28
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-09-08
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-09-11
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-09-15
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-09-18
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-10-24
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-10-28
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-11-10
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-11-19
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-11-20
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-11-21
VANGUARD 500 INDEX ADMIRAL P 2015-09-30 2025-11-24
VANGUARD 500 INDEX ADMIRAL P 2015-09-30 2025-11-25
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2025-11-26
VANGUARD 500 INDEX ADMIRAL P 2015-10-30 2025-11-28
VISA INC NOTE P 2021-05-21 2025-12-15
WORKDAY INC COM P 2022-08-26 2025-08-12
CALL ABNB P 2025-08-12 2025-08-13
CALL CRWV P 2025-12-19 2025-12-22
CALL SPY P 2025-07-24 2025-07-25
CALL SPY P 2025-07-03 2025-07-07
CALL SPY P 2025-06-10 2025-06-11
CALL SPY P 2025-03-28 2025-03-31
CALL SPY P 2025-07-25 2025-07-28
CALL SPY P 2025-07-03 2025-07-07
CALL SPY P 2025-07-21 2025-07-22
CALL SPY P 2025-08-11 2025-08-12
CALL SPY P 2025-08-12 2025-08-13
CALL SPY P 2025-08-28 2025-08-29
CALL SPY P 2025-09-08 2025-09-09
CALL SPY P 2025-07-23 2025-07-24
CALL SPY P 2025-02-07 2025-02-10
CALL SPY P 2025-08-06 2025-08-07
CALL SPY P 2025-08-28 2025-08-29
CALL SPY P 2025-01-08 2025-01-09
CALL SPY P 2025-04-07 2025-04-08
CALL SPY P 2025-09-15 2025-09-16
CALL SPY P 2025-09-11 2025-09-12
CALL SPY P 2025-09-11 2025-09-12
CALL SPY P 2025-09-11 2025-09-12
CALL SPY P 2025-09-11 2025-09-12
CALL SPY P 2025-06-06 2025-06-09
CALL SPY P 2025-09-18 2025-09-19
CALL SPY P 2025-03-28 2025-03-31
CALL SPY P 2025-09-18 2025-09-19
CALL SPY P 2025-04-07 2025-04-08
CALL SPY P 2025-09-19 2025-09-22
CALL TTD P 2025-12-03 2025-12-04
CALL TTD P 2025-12-03 2025-12-04
CALL TTD P 2025-12-03 2025-12-04
CALL TTD P 2025-12-03 2025-12-04
CALL TTD P 2025-12-03 2025-12-04
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 8,652   9,360 -708
b 38,985   46,088 -7,103
c 3,939   2,167 1,772
d 4,223   2,167 2,056
e 3,975   2,167 1,808
4,187   3,374 813
7,236   6,856 380
10,931   10,134 797
7,314   6,756 558
10,978   10,134 844
11,263   11,797 -534
5,946   6,246 -300
11,588   24,630 -13,042
3,863   7,459 -3,596
3,863   6,245 -2,382
3,863   5,460 -1,597
3,863   5,039 -1,176
250,000   250,077 -77
3,620   2,011 1,609
12,242   6,033 6,209
12,144   6,159 5,985
8,137   4,820 3,317
250,000   250,000 0
200,000   196,976 3,024
72,390   67,050 5,340
10,488   8,115 2,373
10,834   8,115 2,719
7,584   6,099 1,485
11,069   8,713 2,356
11,069   8,290 2,779
5,535   4,086 1,449
5,535   4,022 1,513
38,742   29,921 8,821
73,022   55,568 17,454
16,355   9,521 6,834
1,797   926 871
33,291   18,500 14,791
1,828   1,000 828
1,944   1,000 944
215   107 108
1,715   1,000 715
22,461   17,830 4,631
17,969   14,206 3,763
35,937   28,364 7,573
89,843   73,272 16,571
14,372   10,544 3,828
20,490   15,000 5,490
111,674   91,000 20,674
80,889   69,126 11,763
500,000   509,796 -9,796
500,000   481,191 18,809
500,000   491,172 8,828
500,000   492,051 7,949
500,000   497,969 2,031
500,000   496,816 3,184
49,970   16,269 33,701
249,970   81,791 168,179
49,970   16,401 33,569
99,970   32,877 67,093
49,970   16,269 33,701
49,970   16,302 33,668
74,970   24,131 50,839
109,970   34,889 75,081
69,970   22,103 47,867
249,970   78,276 171,694
199,970   62,576 137,394
224,970   70,116 154,854
249,970   78,428 171,542
124,970   39,031 85,939
124,970   38,592 86,378
249,970   76,460 173,510
249,970   76,496 173,474
499,970   150,838 349,132
199,970   60,065 139,905
299,970   89,866 210,104
299,970   87,930 212,040
149,970   43,331 106,639
99,970   29,013 70,957
1,799,970   538,991 1,260,979
874,970   266,115 608,855
1,499,970   451,727 1,048,243
2,499,970   741,401 1,758,569
2,649,970   778,774 1,871,196
2,599,970   758,827 1,841,143
2,399,970   696,706 1,703,264
200,000   203,484 -3,484
21,439   16,830 4,609
2,126   92 2,034
21,322   16,754 4,568
10,552   38,702 -28,150
2,470   10,074 -7,604
2,515   6,983 -4,468
3,252   1,613 1,639
6,103   26,462 -20,359
1,998   5,340 -3,342
2,108   5,633 -3,525
8,220   13,561 -5,341
8,220   14,649 -6,429
8,220   15,355 -7,135
8,220   15,107 -6,887
5,205   22,051 -16,846
2,114   1,645 469
2,188   4,127 -1,939
3,773   12,127 -8,354
2,162   1,249 913
2,169   116 2,053
4,333   14,313 -9,980
2,287   5,860 -3,573
2,988   6,114 -3,126
3,058   6,114 -3,056
1,956   4,791 -2,835
17,201   11,768 5,433
2,215   5,649 -3,434
1,704   77 1,627
2,310   4,383 -2,073
1,469   93 1,376
2,065   3,752 -1,687
1,366   551 815
1,196   105 1,091
1,527   361 1,166
1,883   336 1,547
1,883   276 1,607
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -708
b       -7,103
c       1,772
d       2,056
e       1,808
      813
      380
      797
      558
      844
      -534
      -300
      -13,042
      -3,596
      -2,382
      -1,597
      -1,176
      -77
      1,609
      6,209
      5,985
      3,317
      0
      3,024
      5,340
      2,373
      2,719
      1,485
      2,356
      2,779
      1,449
      1,513
      8,821
      17,454
      6,834
      871
      14,791
      828
      944
      108
      715
      4,631
      3,763
      7,573
      16,571
      3,828
      5,490
      20,674
      11,763
      -9,796
      18,809
      8,828
      7,949
      2,031
      3,184
      33,701
      168,179
      33,569
      67,093
      33,701
      33,668
      50,839
      75,081
      47,867
      171,694
      137,394
      154,854
      171,542
      85,939
      86,378
      173,510
      173,474
      349,132
      139,905
      210,104
      212,040
      106,639
      70,957
      1,260,979
      608,855
      1,048,243
      1,758,569
      1,871,196
      1,841,143
      1,703,264
      -3,484
      4,609
      2,034
      4,568
      -28,150
      -7,604
      -4,468
      1,639
      -20,359
      -3,342
      -3,525
      -5,341
      -6,429
      -7,135
      -6,887
      -16,846
      469
      -1,939
      -8,354
      913
      2,053
      -9,980
      -3,573
      -3,126
      -3,056
      -2,835
      5,433
      -3,434
      1,627
      -2,073
      1,376
      -1,687
      815
      1,091
      1,166
      1,547
      1,607
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 12,932,164
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ......................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 190,639
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 190,639
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 190,639
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 210,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 210,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 19,361
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax19,361 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
IN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressSCHMIDTCOMPETITION.ORG
14
The books are in care ofHARDING SHYMANSKI CO PSC Telephone no. (812) 464-9161

Located at21 SE THIRD ST STE 500EVANSVILLEIN ZIP+447708
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
CHESTER SCHMIDT CHAIRMAN
1.00 		12,000 0 0
PO BOX 6783
EVANSVILLE,IN477190783
DOUGLAS SCHMIDT TREASURER
1.00 		12,000 0 0
PO BOX 6783
EVANSVILLE,IN477190783
J MICHAEL SMALL SECRETARY
1.00 		12,000 0 0
PO BOX 6783
EVANSVILLE,IN477190783
ELIZABETH HAMILTON PRESIDENT
1.00 		12,000 0 0
PO BOX 6783
EVANSVILLE,IN477190783
CHESTER SCHMIDT IV BOARD MEMBER
1.00 		12,000 0 0
PO BOX 6783
EVANSVILLE,IN477190783
JANET PETERSON BOARD MEMBER
1.00 		12,000 0 0
PO BOX 6783
EVANSVILLE,IN477190783
CHRISTINE GOERKE HOLLOWAY BOARD MEMBER
1.00 		12,000 0 0
PO BOX 6783
EVANSVILLE,IN477190783
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................0
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
42,844,729
b
Average of monthly cash balances.......................
1b
7,863,393
c
Fair market value of all other assets (see instructions)................
1c
107,751
d
Total (add lines 1a, 1b, and 1c).......................
1d
50,815,873
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
50,815,873
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
762,238
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
50,053,635
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
2,502,682
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,502,682
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
190,639
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
190,639
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,312,043
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,312,043
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,312,043
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........
1a
2,389,988
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,389,988
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 2,312,043
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 2,119,537
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 2,389,988
a Applied to 2024, but not more than line 2a 2,119,537
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		0
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		0
d Applied to 2025 distributable amount..... 270,451
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		2,041,592
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 ....  
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
LINDA MCALISTER EXECUTIVE DIRECTOR
6 EAST 5TH STREET SUITE 406
COVINGTON,KY41011
(513) 783-2583
bThe form in which applications should be submitted and information and materials they should include:
APPLICATION AND RULES ARE AVAILABLE FROM THE FOUNDATION WEBSITE: WWW.SCHMIDTCOMPETITION.ORG.
cAny submission deadlines:
APPLICATION DEADLINES ARE DISCLOSED AND ANNUALLY ON THE FOUNDATION WEBSITE AND APPLICATION.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
HIGH SCHOOL SOPHOMORES, JUNIORS, OR SENIORS FROM AREAS WHERE COMPETITIONS ARE HELD WITH WRITTEN RECOMMENDATION BY CHORAL DIRECTOR OR VOCAL TEACHER. FOR INFORMATION CONTACT: SCHMIDTCOMPINFO@GMAIL.COM
Form 990-PF (2025)
Form 990-PF (2025)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ARAPAHO UNITED METHODIST CHURCH

1400 W ARAPAHO RD
RICHARDSON,TX75080 		    DONATION 6,000

AUDITION AIR

PO BOX 250351
WEST BLOOMFIELD,MI48325 		    DONATION 8,000

BALTIMORE OPERA

11 WEST MOUNT VERNON PLACE SUITE
307
BALTIMORE,MD21201 		    DONATION 250

BEA GADDY FAMILY CENTERS INC

425 N CHESTER ST
BALTIMORE,MD21231 		    DONATION 5,000

CHIMES FOUNDATION INCORPORATED

4815 SETON DRIVE
BALTIMORE,MD21215 		    DONATION 2,250

DAN SCISM COLLEGE SCHOLARSHIP FUND

601 PFEIFFER RD
EVANSVILLE,IN47711 		    SCHOLARSHIP SPONSOR 25,000

EVANSVILLE PHILHARMONIC ORCHESTRA

20 NW 3RD ST 500
EVANSVILLE,IN47708 		    DONATION 15,000

EPISCOPAL SCHOOL OF NASHVILLE

1310 ORDWAY PL
NASHVILLE,TN37206 		    DONATION 5,000

GLEANERS FOOD BANK OF INDIANA INC

3737 WALDEMERE AVE
INDIANAPOLIS,IN46241 		    DONATION 8,000

HELEN B GOODLIN FOUNDATION

C/O HUA WANG TREASURER 13290
TRAILHEAD PLACE
SAN DIEGO,CA92129 		    CONTEST FUNDS 15,000

MANATEE TECHNICAL COLLEGE

6305 FL-70
BRADENTON,FL34203 		    DONATION 30,000

MATTHEW 25 INC

101 NW 1ST ST 215
EVANSVILLE,IN47713 		    DONATION 2,500

MATTINGLY CHARITIES

2 CORPORATE DRIVE STE 923
SHELTON,CT06484 		    GRANT 8,270

MIAMI UNIVERSITY

501 E HIGH ST
OXFORD,OH45056 		    DONATION 25,000

NASHVILLE ADULT LITERACY COUNCIL INC

4805 PARK AVE
NASHVILLE,TN37209 		    DONATION 250

NAVY LEAGUE MEMPHIS COUNCIL

2095 EXESTER RD SUITE 80-377
GERMANTOWN,TN38138 		    DONATION 5,000

NETWORK OF COMMUNITY MINISTRIES

1500 INTERNATIONAL PKWY STE 300
RICHARDSON,TX75081 		    DONATION 1,000

NORTH TEXAS PUBLIC BROADCASTING INC

1516 FIRST AVE
DALLAS,TX75210 		    DONATION 1,000

PHILIP BROOKS HOUSE ASSOCIATION INC

HARVARD YARD
CAMBRIDGE,MA02138 		    DONATION 1,000

SARASOTA OPERA ASSOCIATION

1 N PINEAPPLE AVE
SARASOTA,FL34236 		    YOUTH OPERA PLEDGE 60,000

ST DAVID'S EPISCOPAL CHURCH

6501 PENNYWELL DR
NASHVILLE,TN37205 		    DONATION 3,500

ST LUKE'S COMMUNITY HOUSE

5601 NEW YORK AVE
NASHVILLE,TN37209 		    GRANT 500

TENNESSEE GOLF FOUNDATION

400 FRANKLIN ROAD
FRANKLIN,TN37069 		    SCHOLARSHIP 40,000

THE HANDEL CHOIR OF BALTIMORE

120 ALLEGHENY AVENUE
TOWNSON,MD21204 		    DONATION 500

THE JUNIPER FUND

PO BOX 30829
SEATTLE,WA98103 		    DONATION 1,000

TRANSFORMATION LIFE CENTER

395 FLOYD ACKERT ROAD
WEST PARK,NY12493 		    DONATION 1,000

TRANSFORMATION NASHVILLE

1319 RIVERWOOD DR
NASHVILLE,TN37216 		    DONATION 20,000

UNIVERSITY OF EVANSVILLE

1800 LINCOLN AVE
EVANSVILLE,IN47722 		    DONATION 32,400

YMCA CAMP CARSON

2034 OUTER LAKE ROAD
PRINCETON,IN47670 		    MILITARY FAMILY SUPPORT 42,500
Total ................................. 3a 364,920
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 2,089  
4 Dividends and interest from securities ....     14 941,544  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     15 15,917  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 12,932,164  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aAPPLICANT FEES 		        28,432
bBOARD MEMBERSHIP FEES         700
cSCHMIDT SUMMER INSTITUTE         21,569
dMISCELLANEOUS INCOME         8,054
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 13,891,714 58,755
13Total. Add line 12, columns (b), (d), and (e)..................
13
13,950,469
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
11 INCOME RECEIVED IN RELATION TO EXEMPT PURPOSE OF THE FOUNDATION
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 58,400 9,751   48,649

TY 2025 InvestmentsCorpBondsSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Name of Bond End of Year Book Value End of Year Fair Market Value
BONDS 11,351,012 11,895,442

TY 2025 InvestmentsCorpStockSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Name of Stock End of Year Book Value End of Year Fair Market Value
COMMON STOCKS 33,462,408 40,159,297

TY 2025 LegalFeesSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 1,613 1,474   139


TY 2025 OtherAssetsSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INVESTMENT IN WES ENERGY RESOURCES, LLC 56,971 58,601 58,601
SECURITY DEPOSIT 599 599 599


TY 2025 OtherExpensesSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK CHARGES 930 0   930
DUES 1,838 0   1,838
INSURANCE 9,606 3,492   6,114
INVESTMENT FEES 150,128 150,128   0
OFFICE SUPPLIES 22,159 250   21,909
POSTAGE 6,135 0   6,135
TRAVEL 162,818 1,326   161,492
ADVERTISING 51,230 0   51,230
MARKETING 14,136 0   14,136
UTILITIES 10,190 0   10,190
WEBSITE 21,113 185   20,928
COMPETITION EXPENSES 337,947 0   337,947
SCHOLARSHIP PAYMENTS 530,100 0   530,100
CONFERENCES 8,884 0   8,884
SCHMIDT VOCAL INSTITUTE 93,185 0   93,185
GRANTS AWARDED 124,034 0   124,034
CONTINUING PORFESSIONAL EDUCATION 1,222 0   1,222
OTHER SVA PROGRAMS 57,000 0   57,000
PUBLIC RELATIONS 81,594 0   81,594


TY 2025 OtherIncomeSchedule2
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ROYALTY INCOME FROM WES ENERGY K-1 15,917 15,917 15,917
APPLICANT FEES 28,432   28,432
BOARD MEMBERSHIP FEES 700   700
SCHMIDT SUMMER INSTITUTE 21,569   21,569
MISCELLANEOUS INCOME 8,054 8,054 8,054


TY 2025 OtherLiabilitiesSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Description Beginning of Year - Book Value End of Year - Book Value
TAXES WITHHELD 1,812 1,778


TY 2025 OtherProfessionalFeesSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING 30,017 0   30,017
IT FEES 3,290 0   3,290
PROFESSIONAL FEES 34,447 0   34,447


TY 2025 TaxesSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ESTIMATED PAYMENTS 210,000 0   0
TAX DUE WITH PRIOR YEAR RETURN 15,607 0   0
TAXES - OTHER 165 0   165
PAYROLL TAX 19,356 0   19,356
PENALTIES 428 0   0