First Business Charitable Foundation Inc
First Business Charitable Foundation Inc is a corporate foundation based in Madison, Wisconsin. Established in January 2005, it operates as a 501(c)(3) tax-exempt organization designated for philanthropic and grantmaking purposes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$130K
-38.7% YoY
Grant Count
33
-10.8% YoY
Avg Grant Size
$4K
-31.3% YoY
Mission & Focus Areas
The foundation's grantmaking priorities include:
- Education
- Food security and pantry support
- Human services
- Program support for nonprofit organizations
- School supplies for children
- Science and STEM education
The foundation primarily funds organizations in Wisconsin, Ohio, and Illinois.
Grantmaking
The foundation made 35 grants in its most recent fiscal year (2024).
Grant Range
s:**
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total Assets: $1,897,967
- Total Giving: $130,049
- Total Revenues: $55,938
- Total Expenses: $135,063
- Total Liabilities: $0
As of Fiscal Year 2023:
- Total Assets: $1,980,000
- Total Revenue: $1,050,000
- Total Expenses: $215,000
| 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
189 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include United Way of Dane County ($35,000), University of Wisconsin Oshkosh ($33,333), Stoughton Hospital Foundation Inc ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| The National Kidney Foundation Inc New York, NY | CHARITABLE PURPOSES | $100 |
| AMERICAN CANCER SOCIETY INC PEWAUKEE, WI | PROGRAM SUPPORT | $4,250 |
| RIVER FOOD PANTRY MADISON, WI | FOOD PANTRY | $1,000 |
| STOUGHTON HOSPITAL FOUNDATION INC STOUGHTON, WI | PROGRAM SUPPORT - PMT 2 OF | $5,000 |
| PECATONICA AREA FOOD PANTRY BLANCHARDVILLE, WI | FOOD PANTRY | $1,000 |
| RECOVERY RESOURCES CLEVELAND, OH | PROGRAM SUPPORT | $500 |
| EDGEWOOD COLLEGE MADISON, WI | PROGRAM SUPPORT | $5,000 |
| YMCA of the Chippewa Valley Chippewa Falls, WI | CHARITABLE PURPOSES | $2,500 |
| UNITED WAY OF DANE COUNTY MADISON, WI | PROGRAM SUPPORT | $35,000 |
| DISTRICT COUNCIL OF MADISON INC SOCIETY MADISON, WI | PROGRAM SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| First Business Bank | Trustee | 1 | $2,000 |
| Jim Hartlieb | President & Director | 1 | — |
| Brian Spielmann | Vice President, Treasurer & Director | 1 | — |
| Pauline Hittesdorf | Secretary | 1 | — |
| Corey Chambas | Director | 1 | — |
| Mark Meloy | Director | 1 | — |
| David Seiler | Director | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation awarded $130,000 in grants to local organizations, demonstrating continued commitment to its grantmaking mission in the Madison area and surrounding regions.
FIRST BANK AWARDS $130,000 IN GRANTS TO LOCAL ORGANIZATIONSSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does First Business Charitable Foundation Inc fund?
The foundation's grantmaking priorities include: • Education • Food security and pantry support • Human services • Program support for nonprofit organizations • School supplies for children • Science and STEM education The foundation primarily funds organizations in Wisconsin, Ohio, and Illinois.
How do I apply for a grant from First Business Charitable Foundation Inc?
**Grant Activity:** The foundation made 35 grants in its most recent fiscal year (2024). **Grant Sizes:** Typical awards range from $100 to $73,000. **Recent Grantees (2024):** • United Way of Dane County: $35,000 (Program Support) • University of Wisconsin Oshkosh Foundation: $33,333 (Program Support) • Edgewood College: $5,000 (Program Support) The foundation also supports initiatives including food pantry programs, school supplies for children, and the Stand by Jack campaign.
What size grants does First Business Charitable Foundation Inc award?
In 2024, First Business Charitable Foundation Inc awarded 33 grants totaling $130K — an average of about $4K per grant, based on its IRS Form 990 filings.
What is First Business Charitable Foundation Inc's EIN?
First Business Charitable Foundation Inc's EIN (Employer Identification Number) is 42-1614475. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in First Business Charitable Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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