SMELC Holdings Inc. directs virtually all of its philanthropic resources to a single beneficiary: St. Marcus Evangelical Lutheran Church in Milwaukee. Grants appear structured to eliminate rent obligations and support the congregation’s continued use of foundation-owned property, indicating a mission focused on sustaining a specific faith-based community and its local activities.
Highly concentrated: all funding goes to one grantee in a few large grants aimed at rent/occupancy relief. Repeat giving to the same organization rather than a diversified grant portfolio.
$10.4M
$13.9M
$1.8M
$10.3M
Most grants fall between $510K and $5M, with a median of $580K.
25th Percentile
$510K
Median
$580K
75th Percentile
$5M
About 100% of grants go to recipients in WI.
FRED LAUTZ
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Notable grantees: St Marcus Evangelical Lutheran Church Inc
2024
Source: IRS Form 990-PF, fiscal year 2024.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| ST MARCUS EVANGELICAL LUTHERAN CHURCH INC | MILWAUKEE, WI | $9,422,857 | 2024 | TRANSFER OF MAIN CAMPUS TO ST. MARCUS LUTHERAN CHURCH, INC. |
| ST MARCUS EVANGELICAL LUTHERAN CHURCH INC | MILWAUKEE, WI | $440,064 | 2024 | NO RENT TO BE PAID TO SMELC |
| ST MARCUS EVANGELICAL LUTHERAN CHURCH INC | MILWAUKEE, WI | $580,000 | 2023 | NO RENT TO BE PAID TO SMELC |
ST MARCUS EVANGELICAL LUTHERAN CHURCH INC
$9,422,857TRANSFER OF MAIN CAMPUS TO ST. MARCUS LUTHERAN CHURCH, INC.
ST MARCUS EVANGELICAL LUTHERAN CHURCH INC
$440,064NO RENT TO BE PAID TO SMELC
ST MARCUS EVANGELICAL LUTHERAN CHURCH INC
$580,000NO RENT TO BE PAID TO SMELC