Nonprofit · EIN 91-6575043
KAREN AND GARY SCHWARTZ FOUNDATION
Also known as GARY R & KAREN K SCWARTZ TTEE
Tax-exempt (reinstated) · SEATTLE, WA 98101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,598,284 | $3,092,201 | -$1,493,917 | $3,481,007 | $20,389 | $3,460,618 |
| December 31, 2024 | 990-PF | $2,054,246 | $6,437,453 | -$4,383,207 | $4,954,535 | $0 | $4,954,535 |
| December 31, 2023 | 990-PF | $3,645,974 | $1,406,878 | $2,239,096 | $9,337,742 | $0 | $9,337,742 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $500,000
- Dividends
- $75,596
- Interest
- $19,382
- Net gain from sales of assets
- $1,003,306
Expenses
- Grants and similar amounts paid
- $3,040,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $3,040,000
- Excise tax on investment income
- $28,396
Balance sheet and other
- Total assets, start of year
- $4,954,535
- Total assets, end of year
- $3,481,007
- Total liabilities, end of year
- $20,389
- Net assets, end of year
- $3,460,618
- Fair market value of assets
- $4,325,969
- Qualifying distributions
- $3,040,000
- Net investment income
- $2,059,326
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY R SCHWARTZ 1904 3RD AVE SUITE 325, SEATTLE, WA 98101 | TRUSTEE | 1 | $0 |
| KAREN K SCHWARTZ 1904 3RD AVE SUITE 325, SEATTLE, WA 98101 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY R SCHWARTZ 1904 3RD AVE SUITE 325, SEATTLE, WA 98101 | TRUSTEE | 1 | $0 |
| KAREN K SCHWARTZ 1904 3RD AVE SUITE 325, SEATTLE, WA 98101 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY R SCHWARTZ 1904 3RD AVE SUITE 325, SEATTLE, WA 98101 | TRUSTEE | 1 | $0 |
| KAREN K SCHWARTZ 1904 3RD AVE SUITE 325, SEATTLE, WA 98101 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1904 3RD AVE STE 325, SEATTLE, WA 98101-1182
- Signed the 990-PF
- GARY R SCHWARTZ, TRUSTEE
- Phone
- (206) 654-6200
- Return prepared by
- GARRISON & KELLEY CPA'S PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 91-6575043
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $3,481,007
- Income (IRS master file)
- $3,055,789
Revocation and reinstatement
- Exemption revoked
- May 15, 2011
- Posted by the IRS
- March 13, 2012
- Reinstated
- Effective May 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,598,284 | $3,092,201 | $3,481,007 | XML |
| 990-PF | December 2024 | $2,054,246 | $6,437,453 | $4,954,535 | XML |
| 990-PF | December 2023 | $3,645,974 | $1,406,878 | $9,337,742 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 91-6575043).
Questions about KAREN AND GARY SCHWARTZ FOUNDATION
- What is the EIN of KAREN AND GARY SCHWARTZ FOUNDATION?
- The employer identification number (EIN) of KAREN AND GARY SCHWARTZ FOUNDATION is 91-6575043.
- Is KAREN AND GARY SCHWARTZ FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2011 and reinstated it effective May 15, 2011.
- Are donations to KAREN AND GARY SCHWARTZ FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KAREN AND GARY SCHWARTZ FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KAREN AND GARY SCHWARTZ FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KAREN AND GARY SCHWARTZ FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of KAREN AND GARY SCHWARTZ FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does KAREN AND GARY SCHWARTZ FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,598,284, expenses of $3,092,201 and total assets of $3,481,007 at year end.
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