Schultz Family Foundation
The Schultz Family Foundation is a private grantmaking foundation established in 1996 and based in Seattle, Washington. The foundation operates as a 501(c)(3) organization with tax-exempt status since March 1998. It functions as a non-operating foundation focused on philanthropic grantmaking and works to create greater economic opportunity accessible to all people, with particular emphasis on young people entering adulthood.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$355.2M
-5.3% YoY
Annual Giving
$12.1M
-12.4% YoY
Grant Count
66
-15.4% YoY
Avg Grant Size
$184K
+3.6% YoY
Mission & Focus Areas
The foundation's mission centers on creating pathways of opportunity for populations facing barriers to success. The organization works to create greater economic opportunity, accessible to all people, with a focus on young people entering adulthood.
Primary funding areas include:
- Education
- Health and human services
- Family services
- Child welfare
- Philanthropy and grantmaking
- Youth transition to adulthood
- Youth homelessness prevention
- Career pathways and national service
Grantmaking
The foundation employs a distinctive multi-sector partnership model that leverages collaboration among philanthropy, business, government, and nonprofit organizations. Their grantmaking methodology includes:
Grant Range
$50,000
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in:
- Primary focus states: Washington, New York, and the District of Columbia
- Additional funding regions: Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Michigan, Minnesota, Missouri, and 17 additional states
- Major cities supported: New York, Los Angeles, and Chicago
- The foundation's grantmaking reaches organizations across numerous cities and states throughout the United States
- New York, Washington, and California account for 53% of all grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total assets: $375.2 million
- Total revenue: $11.7 million
- Total expenses: $19.6 million
- Total liabilities: $37,100
Additional Financial Data (2024):
- Total assets: $355.2 million
- Annual income: $39.7 million
- Total giving: $12.1 million to $22 million annually
Asset Growth:
- Assets have grown from $24.3 million in 2011 to $355.2 million in 2024
Note: The foundation reports that its filings do not reflect the Schultz Family's total financial investment in projects supporting youth transition to adulthood and other charitable activities, as additional funding from the Schultz Family is directed through a donor advised fund.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $355,214,490 | $375,194,129 | $389,719,271 |
| Revenue | $27,378,344 | $11,660,132 | $5,788,082 |
| Expenses | $24,983,454 | $19,618,861 | $21,938,006 |
| Qualifying Distributions | $24,512,116 | $19,188,714 | $20,102,829 |
| Net Investment Income | $27,096,105 | $11,395,409 | $6,215,590 |
| Distributable Amount | $17,534,447 | $19,052,578 | $19,070,740 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Howard Schultz - Co-founder
- Sheri Kersch-Schultz - Co-founder and leadership
- Tyra Mariani - President (served until September 2023)
- Alison Green - Principal Officer/Chief Operating Officer
- The foundation is governed by 5 officers and trustees
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHERI KERSCH-SCHULTZ | TRUSTEE | 25 | — |
| HOWARD SCHULTZ | TRUSTEE | 10 | — |
| ADDISON SCHULTZ | TRUSTEE | 3 | — |
| VIVEK VARMA | VICE CHAIR | 35 | $427,812 |
| RENEE RYAN | COO & GEN. COUNSEL | 20 | $213,141 |
Recent News & Activity
Recent developments and announcements
The foundation launched the 2024 American Opportunity Index as part of continued programmatic efforts
Recent grantmaking has focused on career-connected learning opportunities, with awards of $3.3 million distributed to 15 organizations offering students career-connected learning opportunities
Catalyze Awards $3.3 Million to 15 Organizations Offering Students ...The foundation partners with organizations like Jobs for the Future to advance youth career navigation
WDC Partners with Jobs for the Future to Advance Youth Career ...Continued emphasis on youth homelessness prevention strategies and diversion programs
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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