The 1923 Fund is a private foundation based in Milwaukee, Wisconsin, operating as a 501(c)(3) organization since May 1996. The foundation manages substantial assets and distributes grants to various organizations across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$5.9M
+59.9% YoY
Grant Count
22
+37.5% YoY
Avg Grant Size
$270K
+16.3% YoY
Grantmaking
The 1923 Fund makes grants to a range of organizations. Recent grant activity includes:
Grant Range
of approximately $103,000 and maximum grant of $1.1 million
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Geographic Focus
Where this funder awards grants
The foundation supports initiatives across multiple U.S. locations, including:
- Alexandria
- Fish Creek
- Gainesville
- Green Bay
- Madison
- Milwaukee
- New York
- Washington
The fund also supports work in the states of DC, Florida, New York, Virginia, and Wisconsin.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $86.1 million
- Total Revenue: $25.8 million
- Total Expenses: $7.13 million
- Total Liabilities: $0
As of 2023:
- Total Assets: $67.5 million
- Total Revenue: $12.4 million
- Total Expenses: $4.2 million
- Total Grants and Contributions: $10.8 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
77 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key personnel include:
- US Bank — Trustee
- Steven P. Dhein — Chief Advisor
- David H. Cofrin — Co-Advisor
- Robert Howe — Advisor
- Cindy Follick — Secretary
- Ellen Weidner — Advisor
- Sam Goforth — Advisor
- Ed Poppell — Advisor
- David Ward — Advisor
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| US BANK | TRUSTEE | 40 | $313,549 |
| DAVID H COFRIN | CO-ADVISOR | 1 | — |
| ROBERT HOWE | CHIEF ADVISOR | 1 | $51,086 |
| CINDY FOLLICK | SECRETARY | 1 | — |
| ELLEN WEIDNER | ADVISOR | 1 | — |
| SAM GOFORTH | ADVISOR | 1 | — |
| ED POPPELL | ADVISOR | 1 | — |
| DAVID WARD | ADVISOR | 1 | — |
| BARZELLA PAPA | ADVISOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The 1923 Fund has supported significant research initiatives, including a $2.5 million grant for bladder cancer research.
$2.5 million grant from the 1923 Fund for bladder cancer researchSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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