Abbybank Foundation Inc

ABBOTSFORD, WI EIN: 39-1540288 Website

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

-16.7% YoY

Avg Grant Size

$3K

+34.5% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

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

Ready to take the next step with Abbybank Foundation Inc?

Assess fit for your org Draft an LOI Find open RFPs

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

Wisconsin $411K (100%)

States

Wisconsin

Cities

ABBOTSFORDANTIGOAPPLETONATHENSBLACK CREEKCOLBYDORCHESTERGREEN BAYGREENVILLEGREENWOODGRESHAMKAUKAUNAMATTOONMEDFORDMENASHAMERRILLMINOCQUANEILLSVILLERIB LAKERINGLE

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.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Among its reported 2024 grants, the largest include Rec Center Inc ($20,000), Bridge Street Mission ($10,000), St Joseph Food Program ($10,000).

Recipient	Purpose	Amount
BRIDGE STREET MISSION WAUSAU, WI	RENOVATIONS AND EQUIPMENT	$10,000
COLBY COMMUNITY LIBRARY COLBY, WI	COMPUTER AND SOFTWARE	$700
COMMUNITY BENEFIT TREE INC KAUKAUNA, WI	LAPTOPS AND LAPTOP SUPPLIES	$1,050
JUNIOR ACHIEVEMENT OF NE WISCONSIN APPLETON, WI	TABLETS	$1,200
MARATHON COUNTY LITERACY COUNCIL WAUSAU, WI	NEW CHAIRS	$500
MEDFORD AREA FOR TOMORROW INC MEDFORD, WI	BANNERS AND SIGNAGE	$1,000
RAINBOW GYMNASTICS MEDFORD, WI	FOAM BLOCKS	$500
ST JOSEPH FOOD PROGRAM MENASHA, WI	BUILDING RENOVATIONS	$10,000
BIG BROTHERS BIG SISTERS OF NORTHCENTRAL WISCONSIN WAUSAU, WI	FLEXIBLE SEATING, A SWITCH GAMING CENTER, A DARTBOARD, A MOVIE PROJECTION SCREEN, VARIOUS GAMES, COFFEE MAKER, LAPTOP	$1,100
UNITED WAY OF MARATHON COUNTY WAUSAU, WI	SHELVING, CRATES, COOLERS, COOLING BLANKETS, AND TABLES	$1,000

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 Communities

Bridge Street Mission ($10,000)

AbbyBank Foundation Awards $10000 to Bridge Street Mission

Taylor County Moving for a Cure ($1,000)

AbbyBank Foundation Donates $1,000 to Taylor County Moving for a Cure | AbbyBank

School security updates

Youth education technology access

Food bank infrastructure and equipment

2020

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 groups

Frequently Asked Questions

What does Abbybank Foundation Inc fund?

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 co…

How do I apply for a grant from Abbybank Foundation Inc?

**Grant Characteristics:** • Grant range: $250 to $100,000 • Median grant amount: $1,000 • Average grant amount: approximately $5,000 to $9,000 • Recent annual giving: $55,000 to $62,875 **Application Process:** • Requests are granted twice per year in March and September • Submission deadlines: March 1st and September 1st • Applications must be submitted in writing or through the AbbyBank Foundation grant application • Applicants must be recognized by the IRS as a Tax-Exempt Organization to re…

Where does Abbybank Foundation Inc make 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.