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Jacob G. Schmidlapp Trust No. 1 and No. 2

Profile

Last Updated: 2015-09-24

At A Glance

Jacob G. Schmidlapp Trust No. 1 and No. 2

(formerly Jacob G. Schmidlapp Trust No. 1)

38 Fountain Sq. Plz., 1090CA

Cincinnati, OH United States 45263-0001

Telephone: (513) 534-4397

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business

Financial Data

(yr. ended 2013-09-30)

Assets: $59,648,714

Total giving: $3,014,000

BRIDGE Number

5921399161

Background

Trust established in 1927 in OH - Founded by the late Jacob G. Schmidlapp, who was a successful banker and industrialist and a positive influence in the charitable community of Cincinnati. He was founder and president of the Union Savings Bank and Trust Company (one of the forerunners of the Fifth Third Bank, the sole trustee of the trust). Mr. Schmidlapp knew that buildings of brick and mortar might not be permanent memorials. He believed in the value of perpetual philanthropy. In addition to the two Schmidlapp trusts, he made several tangible gifts in memory of his family "to assist in having the lives that were so close to me not to have lived in vain." Examples of such gifts are the Emma Louise Schmidlapp Wing of the Cincinnati Art Museum, in memory of a daughter; the Rudolph Oscar Schmidlapp Fund for maintenance and upkeep of that building, in memory of an infant son; and the Emilie Balke Schmidlapp Dormitory at the Cincinnati College of Music, in memory of his wife

Purpose and Activities

Grants for the relief of sickness, suffering, and distress, and for care of young children and the aged, or the helpless and afflicted; support also for education, including child care training.

Fields of Interest

Subjects
  • Child development
  • Child welfare
  • Diseases and conditions
  • Education
  • Food aid
  • Health
  • Higher education
  • Human services
  • Senior services
Organizations
  • Associations

Financial Data

Year ended 2013-09-30

Assets: $59,648,714 (market value)

Expenditures: $3,335,874

Total giving: $3,014,000

Qualifying distributions: $3,015,170

Giving activities include:

$3,014,000 for 51 grants (high: $500,000; low: $5,000)