B & D Foundation Inc

Foundation · Grantmaker Madison, WI EIN: 39-1915677

B & D Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Madison, WI. IRS filing data is available from 2019 through 2025. In 2025, it awarded 23 grants totaling $126K.

Key facts about B & D Foundation Inc

EIN
39-1915677
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$126,378
Grants made (2025)
23
Average grant
$5,495
Median grant
$1,500
New grantees (estimate)
5% first-time grantees (1 of 20, 2025)
Primary geography
Wisconsin (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who B & D Foundation Inc funds

By grant dollars, the top recipient states for B & D Foundation Inc's 23 itemized 2025 grants were Wisconsin (100%). The most frequent recipient cities were Manawa, WI (15 grants), Rosholt, WI (2 grants) and New London, WI (2 grants). 91% of grants with a stated purpose were for general or operating support.

Is B & D Foundation Inc open to new grantees?

5%

first-time grantees, 2025

In 2025, 1 of 20 grantees (5%) were first-time recipients. First grants averaged $1K; repeat grants $7K. How we count

Medians: $1K first-time, $2K repeat.

  • 90% of 2025 grantees were also funded in 2024. Method
  • Giving grew 22% from 2022 to 2025. Method

Estimate from itemized IRS Form 990-PF grant lists (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$126K

-25.6% YoY

Grant Count

23

+0.0% YoY

Avg Grant Size

$5K

-25.6% YoY

About B & D Foundation Inc

Based on IRS filings

B & D Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Madison, WI. IRS filing data is available from 2019 through 2025. In 2025, it awarded 23 grants totaling $126K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 23 itemized 2025 grant dollars.

States

Cities

ManawaNew LondonRosholtWaupacaAppletonAshwaubenonIolaCrivitzDepereMadisonThree Lakes

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.12019202020212022202320242025
Metric202520242023
Total Assets———
Revenue———
Expenses———
Qualifying Distributions———
Net Investment Income———
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2020 (received by the IRS June 29, 2021)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS April 28, 2026)
  3. IRS filings on file for fiscal years 2019–2024

Giving Over Time

Total grant dollars and number of grants per year

$0$42K$85K$127K$170K21 grants201923 grants202021 grants202122 grants202222 grants202323 grants202423 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

St Paul Lutheran Church and School: $50KSt Paul Lutheran Church andSchool$50KLittle Wolf High School: $16K across 2 grantsLittle Wolf High School$16K · 2 grantsManawa Revitalization Committee: $15KManawa RevitalizationCommittee$15KLions Pride Endowment Fund of WI: $9KLions Pride Endowment Fund ofWI$9KSt Paul Lutheran School: $6K across 2 grantsSt Paul Lutheran School$6K · 2 grantsSturm Humanitarian Foundation: $6KSturm Humanitarian Foundation$6KManawa Community Living Center: $5KManawa Community Living Center$5KManawa Area Food Pantry: $3KManawa Area Food Pantry$3KWisconsin Lions Foundation: $2KWisconsin Lions Foundation$2KLittle Wolf River Trail: $2K across 2 grantsLittle Wolf River Trail$2K · 2 grants

Grant Size Distribution

111 grants across all recorded years

106<$50K5$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest recipients include St Paul Lutheran Church and School ($50,000), Little Wolf High School ($16,000 across 2 grants), Manawa Revitalization Committee ($15,000).

RecipientPurposeAmount
ST PAUL LUTHERAN CHURCH AND SCHOOL Manawa, WIGENERAL OPERATIONS$50,000
MANAWA REVITALIZATION COMMITTEE Manawa, WIGENERAL OPERATIONS$15,000
LITTLE WOLF HIGH SCHOOL Manawa, WIEDUCATION$10,000
LIONS PRIDE ENDOWMENT FUND OF WI Rosholt, WIGENERAL OPERATIONS$8,500
LITTLE WOLF HIGH SCHOOL Manawa, WIEDUCATION$6,000
STURM HUMANITARIAN FOUNDATION Ashwaubenon, WIGENERAL OPERATIONS$6,000
MANAWA COMMUNITY LIVING CENTER Manawa, WIGENERAL OPERATIONS$5,000
MANAWA AREA FOOD PANTRY Manawa, WIGENERAL OPERATIONS$3,000
ST PAUL LUTHERAN SCHOOL Manawa, WIGENERAL OPERATIONS$3,000
ST PAUL LUTHERAN SCHOOL Manawa, WIGENERAL OPERATIONS$3,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2025 IRS filing

NameTitleHoursCompensation
Randal CarlPresident1—
David CarlVice Preside1—
Mary MannSecretary1—
Matthew SubyTreasurer1—

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is B & D Foundation Inc?

B & D Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Madison, WI. It holds — in total assets as of 2025.

Where does B & D Foundation Inc operate?

B & D Foundation Inc has awarded grants in Wisconsin.

What size grants does B & D Foundation Inc award?

In 2025, B & D Foundation Inc awarded 23 grants totaling $126K — an average of about $5K per grant, based on its IRS Form 990 filings.

What is B & D Foundation Inc's EIN?

B & D Foundation Inc's EIN (Employer Identification Number) is 39-1915677. IRS Form 990 filing data is available on this page for 2019–2025.

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Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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