Chipstone Foundation
Chipstone Foundation is a private foundation, based in Milwaukee, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $75.7M in total assets. In 2024, it awarded 1 grant totaling $425K. Net investment income was $9.4M.
Chipstone Foundation at a glance
In short: Chipstone Foundation gave $425K across 1 grant in 2024 (avg $425K), mostly in Wisconsin. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $424,859
- -1.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $424,859
- -1.0% vs 2023
- Median grant
- $424,859
- Total assets
- $75,707,582
- +6.8% vs 2023
- Primary geography
- Wisconsin (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Chipstone Foundation funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
How Chipstone Foundation gives
- Giving held roughly steady from 2021 to 2024 (−9%). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $324K (2020) to $504K (2022). In 2024 it made 1 grant totaling $425K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached Schedule See Attached, WI | General | $424,859 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2024 | $75,707,582 | $11,948,482 | $5,409,538 | $424,859 | 1 | $5,692,156 | $9,432,661 |
| 2023 | $70,864,524 | $4,627,014 | $5,452,362 | $429,217 | 1 | $5,685,604 | $3,726,824 |
| 2022 | $73,041,949 | $5,110,140 | $5,583,974 | $503,752 | 1 | $6,046,140 | $4,539,258 |
| 2021 | $75,856,336 | $12,810,541 | $4,286,918 | $464,380 | 1 | $4,123,608 | $10,115,131 |
| 2020 | $68,234,471 | $6,479,106 | $3,719,636 | $323,812 | 1 | — | $5,234,709 |
Leadership & Key People
Officers and directors from IRS filings
Chipstone Foundation is led by Jonathan Prown, Executive Director & Chief Curator on every filing since 2020; 12 of 14 officers listed in 2024 are compensated.
Officers on the 2024 filing
Jonathan Prown
Executive Director & Chief Curator
On filings since 2020
55 hrs/week
$255K (2020) → $288K (2024)
W. David Knox II
Chair, President, Treasurer & Director
On filings since 2020
55 hrs/week
$530K (2020) → $606K (2024)
John S. McGregor
Director & Chair Comp Committee
Director → Director & Chair Comp Committee, 2024
On filings since 2020
3 hrs/week
$10K (2020) → $13K (2024)
Charles F. Hummel
Director
On filings since 2020
1 hr/week
$8K (2020) → $0 (2024)
Edward S. Cooke Jr.
Director
On filings since 2020
2 hrs/week
$5K (2020) → $8K (2024)
Gustavus F. Taylor
Director
On filings since 2020
2 hrs/week
$5K (2020) → $8K (2024)
Kaywin Feldman
Director
On filings since 2020
2 hrs/week
$8K (2023) → $8K (2024)
Michael W. Hatch
Director
On filings since 2020
2 hrs/week
$5K (2020) → $8K (2024)
Peter M. Kenny
Director
On filings since 2020
2 hrs/week
$5K (2020) → $8K (2024)
Ted D. Kellner
Vice Chairman & Director
On filings since 2020
2 hrs/week
$5K (2020) → $8K (2024)
C. D. Dickerson III
Director
On filings since 2023
2 hrs/week
No compensation reported
Jacquelyn A. Sarich
Officer Administrator, Vice President Administrator & Assistant Secretary
On filings since 2020
40 hrs/week
$124K (2020) → $135K (2024)
L. Elizabeth Dunn
Secretary & Assistant Treasurer
On filings since 2020
3 hrs/week
$10K (2020) → $15K (2024)
Juan Ruiz
Vice President, Manager Facilities & Grounds
On filings since 2022
40 hrs/week
$60K (2022) → $86K (2024)
Former officers (1)
- Former: Alison Stone (2020–2022) — Director Emeritus
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 $606K, to W David Knox II (Chair, PRES(CEO), Treas, DIR). 12 officers or directors reported compensation on that filing.
Frequently asked questions about Chipstone Foundation
How much does Chipstone Foundation give each year?
Chipstone Foundation gave $425K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $429K across 1 grant.
How large is Chipstone Foundation?
Chipstone Foundation reported $75.7M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $11.9M.
Where does Chipstone Foundation operate?
Chipstone Foundation has awarded grants in Wisconsin.
What is Chipstone Foundation's EIN?
Chipstone Foundation's EIN (Employer Identification Number) is 39-6096593. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
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 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Chipstone Foundation's focus areas in our free grants database
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