1923 Fund
1923 Fund is a private foundation based in Milwaukee, Wisconsin. Its 2024 filing reports grants to charitable organizations in Wisconsin, Florida, and other states; the listed grants were designated for general operating support.
1923 Fund at a glance
In short: 1923 Fund gave $5.9M across 22 grants in 2024 (avg $270K), mostly in Wisconsin. 55% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $5,944,674
- +59.9% vs 2023
- Grants made (2024)
- 22
- +37.5% vs 2023
- Average grant
- $270,212
- +16.3% vs 2023
- Median grant
- $112,500
- Total assets
- $86,086,402
- +27.4% vs 2023
- New grantees (estimate)
- 55% first-time grantees (12 of 22, 2024; small sample)
- Primary geography
- Wisconsin (52% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to 1923 Fund
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: PO Box 0634, Milwaukee, WI 53201-0634
Phone: (630) 390-3776
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who 1923 Fund funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was University of Florida Foundation ($1.6M). Together the top 10 received $5.1M.
Grant Size Distribution
77 grants across all recorded years
The most common grant size was in the $100–250K range: 29 grants of 77 (38%).
Geographic Focus
Where this funder awards grants
In 2024, 52% of grant dollars went to recipients in Wisconsin and 40% to recipients in Florida. New York and Washington each received 3%, and the District of Columbia received 1%. Listed Wisconsin grantees include organizations in Green Bay and Fish Creek; Florida grantees include organizations in Gainesville and High Springs.
Grant Distribution by State
Share of 2024 grant dollars across all 22 itemized grants.
Cities
Is 1923 Fund open to new grantees?
55%
first-time grantees, 2024
In 2024, 12 of 22 grantees (55%) were first-time recipients. With only 22 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $152K; repeat grants $413K. How we count
Medians: $79K first-time, $146K repeat.
- 27% of 2024 grantees were also funded in 2023. Method
- Giving grew 151% from 2021 to 2024. Method
- In 2024 it paid out 137% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.9M (2022) to $5.9M (2024). In 2024 it made 22 grants totaling $5.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Florida Foundation Gainsville, FL | General Operating | $1,634,826 |
| University of Wisconsin Green Bay Green Bay, WI | General Operating | $1,190,515 |
| National Railroad Museum Inc Green Bay, WI | General Operating | $500,000 |
| HSHS St Vincent Hospital Green Bay, WI | General Operating | $500,000 |
| Peaceful Paths Domestic Abuse Network Gaineville, FL | General Operating | $400,000 |
| Alachua Conservation Trust Gainesville, FL | General Operating | $200,000 |
| Boys and Girls Clubs of the Bay and Lakes Region Green Bay, WI | General Operating | $200,000 |
| Town of Gibraltar Fish Creek, WI | General Operating | $175,000 |
| Weill Cornell Medicine New York, NY | General Operating | $166,500 |
| Child Advocacy Center Everett, WA | General Operating | $150,000 |
Ready to take the next step with 1923 Fund?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $86,086,402 | $25,789,868 | $7,129,333 | $5,944,674 | 22 | $6,046,273 | $25,317,885 | $4,400,467 |
| 2023 | $67,552,532 | $12,399,595 | $4,214,308 | $3,716,928 | 16 | $3,815,728 | $1,479,213 | $3,861,453 |
| 2022 | $58,255,561 | $21,120,490 | $2,453,288 | $1,921,750 | 13 | $2,049,182 | $3,926,819 | $3,197,226 |
| 2021 | $39,378,439 | $5,306,634 | $2,865,932 | $2,369,824 | 11 | $2,406,599 | $4,961,597 | $3,337,436 |
| 2020 | $36,905,006 | $1,031,832 | $4,505,658 | $4,087,340 | 15 | — | $722,648 | $2,761,051 |
Under IRS private-foundation payout rules, 1923 Fund reported a distributable amount of $4.4M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the funder is provided. Its 2024 grantees illustrate a range of activities: the Alachua Conservation Trust says it protects natural, historic, scenic, and recreational resources in and around Alachua County, Florida, while the Baird Creek Preservation Foundation says it works to preserve and restore the Baird Creek watershed. The Brain Center of Green Bay describes its work as promoting brain health through collaboration, advocacy, research, and education. The UW-Green Bay Foundation says it supports the university by attracting and distributing private resources, including for student scholarships.
Grantmaking
In 2024, the fund reported 22 grants totaling $5,944,674. Grants ranged from $25,000 to $1,634,826, with a median of $112,500. In 2023, it reported 16 grants totaling $3,716,928; in 2022, it reported 13 grants totaling $1,921,750.
Among the largest 2024 grants were $1,634,826 to the University of Florida Foundation and $1,190,515 to the University of Wisconsin Green Bay. Other notable grants included $500,000 each to the National Railroad Museum and HSHS St. Vincent Hospital; $400,000 to Peaceful Paths Domestic Abuse Network; and $200,000 each to Alachua Conservation Trust and Boys and Girls Clubs of the Bay. The filing lists these grants as general operating support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists US Bank as trustee; Robert Howe as chief advisor; David H. Cofrin as co-advisor; Cindy Follick as secretary; and Ellen Weidner, Sam Goforth, Ed Poppell, David Ward, and Barzella Papa as advisors.
1923 Fund's 2024 filing lists 9 officers; 2 of 9 officers listed in 2024 are compensated.
Officers on the 2024 filing
US Bank
Trustee
On filings since 2020
40 hrs/week
$227K (2020) → $314K (2024)
Robert Howe
Chief Advisor
Advisor → Chief Advisor, 2024
On filings since 2020
1 hr/week
$49K (2023) → $51K (2024)
Cindy Follick
Secretary
On filings since 2020
1 hr/week
No compensation reported
David H. Cofrin
Co-Advisor
On filings since 2020
1 hr/week
No compensation reported
Ed Poppell
Advisor
On filings since 2020
1 hr/week
No compensation reported
Ellen Weidner
Advisor
On filings since 2020
1 hr/week
No compensation reported
Sam Goforth
Advisor
On filings since 2020
1 hr/week
No compensation reported
David Ward
Advisor
On filings since 2022
1 hr/week
No compensation reported
Barzella Papa
Advisor
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (3)
- Former: Steven P. Dhein (2020–2023) — Chief Advisor
- Former: Joe Neidenbach (2020–2021) — Advisor
- Former: Mary Ann Harn Cofrin (2020–2021) — Advisor
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $314K, to US Bank (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about 1923 Fund
How much does 1923 Fund give each year?
1923 Fund gave $5.9M across 22 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.7M across 16 grants.
What is 1923 Fund's typical grant size?
1923 Fund's median grant in 2024 was $112,500, and its average grant was $270,212, across 22 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from 1923 Fund that year got $152K on average.
Where does 1923 Fund give grants?
1923 Fund gives mostly in Wisconsin: 52% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Florida (40%). The most frequent recipient cities were Green Bay, WI (6 grants), Sturgeon Bay, WI (5 grants), Fish Creek, WI (2 grants) and Gainesville, FL (2 grants).
Does 1923 Fund give general operating support?
Yes: 100% of 1923 Fund's 2024 grants with a stated purpose (22 of 22) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are 1923 Fund's largest grantees?
1923 Fund's largest 2024 grantees include University of Florida Foundation ($1,634,826), University of Wisconsin Green Bay ($1,190,515) and National Railroad Museum Inc ($500,000), according to its 2024 IRS Form 990-PF. Together they received 56% of its itemized 2024 grant dollars.
How large is 1923 Fund?
1923 Fund reported $86.1M in total assets on its 2024 IRS Form 990-PF. It paid out $6.0M in qualifying distributions that year, against a required minimum of $4.4M (roughly 5% of its investment assets).
What does 1923 Fund fund?
No mission statement for the funder is provided. See mission & focus areas ↑
How do I apply for a grant from 1923 Fund?
The foundation does not accept unsolicited requests and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is 1923 Fund's EIN?
1923 Fund's EIN (Employer Identification Number) is 36-7070455. IRS Form 990 filing data is available on this page for 2020–2024.
Does 1923 Fund accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 11, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in 1923 Fund's focus areas in our free grants database
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Cite this profile
Grantable. (2026). 1923 Fund funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/1923-fund-morg_dd7cd65335bc45a4a8725ed807b05969
BibTeX
@misc{grantable_367070455_2026,
author = {{Grantable}},
title = {{1923 Fund funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/1923-fund-morg_dd7cd65335bc45a4a8725ed807b05969},
note = {Accessed 2026-10-10. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from 1923 Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
1923 Fund down — hundreds of funders to go?