Abbybank Foundation Inc
AbbyBank Foundation Inc. is a private charitable foundation based in Abbotsford, Wisconsin. Established by AbbyBank's Board of Directors, the foundation reinvests profits back into the communities served by the bank. The foundation operates as a 501(c)(3) tax-exempt organization and has been tax-exempt since April 1986.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$62K
+12.1% YoY
Grant Count
20
-16.7% YoY
Avg Grant Size
$3K
+34.5% YoY
Mission & Focus Areas
The foundation's mission centers on returning part of AbbyBank's profits to surrounding communities. Since its establishment in 1968 (originally as The Abbotsford Story, Inc.), the foundation has prioritized funding for tangible projects that strengthen infrastructure, expand access, and improve community wellbeing.
The foundation supports:
- Educational or public-use improvements
- Community infrastructure or enhancement initiatives
- Equipment purchases for nonprofit or civic use
- Capital construction or renovation projects
- Forming a non-profit entity
- Youth education and school safety
- Homeless services and food bank support
- General community purposes
Grantmaking
The foundation has awarded approximately 85 grants over its history, with recent activity showing 20-24 grants awarded annually. Recent grants have supported capital campaigns, school security updates, technology access for youth education, and food bank infrastructure.
Grant Range
$250 to $100,000
Average Grant
amount: approximately $5,000 to $9,000
Review Cycle
March 1st and September 1st
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation limits donations to the trade area of AbbyBank, which consists of a 50-mile radius around the following communities:
- Abbotsford
- Appleton
- Gresham
- Medford
- Shawano
- Wausau
- Weston
- Withee
All funding is concentrated in Wisconsin.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2023-2024):
- Total Assets: $636,744 to $671,000
- Annual Revenue: $80,871 to $98,000
- Annual Expenses: $57,072 to $63,873
- Annual Giving: $55,000 to $62,875
- Giving Rate: 9.6%
- Expense Ratio: 70.6% of total revenue spent on programs
Historical Contributions: AbbyBank has contributed over $1,922,300 to the AbbyBank Foundation, Inc. and donated $1,480,980.91 back to projects in its service communities.
| 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
117 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
The foundation is governed by eight officers and trustees who serve without compensation:
- Craig Stuedemann — President/Treasurer (0.2 hours/week)
- Karen Piel — Vice President/Secretary (0.2 hours/week)
- Troy Meyer — Director (0.2 hours/week)
- Scott Christensen — Director (0.2 hours/week)
- David Diesen — Director (0.2 hours/week)
- Curtis Day — Director (0.2 hours/week)
- Tricia Rathermel — Director (0.2 hours/week)
- Patrick Trinko — Director (0.2 hours/week)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CRAIG STUEDEMANN | PRESIDENT/TREASURER | 0.2 | — |
| KAREN PIEL | VICE PRESIDENT/SECRETARY | 0.2 | — |
| TROY MEYER | DIRECTOR | 0.2 | — |
| SCOTT CHRISTENSEN | DIRECTOR | 0.2 | — |
| DAVID DIESEN | DIRECTOR | 0.2 | — |
| CURTIS DAY | DIRECTOR | 0.2 | — |
| TRICIA RATHERMEL | DIRECTOR | 0.2 | — |
| PATRICK TRINKO | DIRECTOR | 0.2 | — |
Recent News & Activity
Recent developments and announcements
The foundation has maintained active grantmaking throughout recent years, with documented grants supporting:
AbbyBank Foundation Awards Grants to Support Abbotsford and Athens CommunitiesBridge Street Mission ($10,000)
AbbyBank Foundation Awards $10000 to Bridge Street MissionTaylor County Moving for a Cure ($1,000)
AbbyBank Foundation Donates $1,000 to Taylor County Moving for a Cure | AbbyBankSchool security updates
Youth education technology access
Food bank infrastructure and equipment
In 2020, the foundation changed its name from The Abbotsford Story, Inc. to AbbyBank Foundation, Inc. to better associate the foundation with AbbyBank and encourage grant requests in support of nonprofits, schools, and civic operations in its service communities.
AbbyBank Foundation donates to three groupsRelated Funders
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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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