Formation | 1954 |
---|---|
Type | Philanthropic foundation |
Headquarters | Newton, KS, United States |
Revenue (2015) | $1,165,674[1] |
Expenses (2015) | $1,569,903[1] |
Website | schowalterfoundation.org |
The Schowalter Foundation is a Kansas-based Mennonite philanthropic foundation formed in 1954 from the estate of Jacob A. Schowalter of Newton, Kansas.
Initially funded with an estate of $1,157,000,[2] the foundation's assets reached $10,298,000 in 2003 ranking among the top thirty Kansas foundations.[3] Income from the foundation's assets are used for relief work, training of missionaries and ministers and promotion of peace. Grants totaled $425,950 in 2003.[4]
The foundation was originally overseen by two representatives from each of the large Kansas Mennonite denominations: General Conference Mennonite Church, (Old) Mennonite Church and Church of God in Christ, Mennonite.[5]