Fortune Family Foundation Inc
Fortune Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Madison, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $46K in total assets. In 2024, it awarded 12 grants totaling $32K. Net investment income was $3K.
Key facts about Fortune Family Foundation Inc
- EIN
- 20-2066444
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $32,259
- Grants made (2024)
- 12
- Average grant
- $2,688
- Median grant
- $2,130
- Total assets
- $46,332
- Primary geography
- Wisconsin (81% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Fortune Family Foundation Inc funds
By grant dollars, the top recipient states for Fortune Family Foundation Inc's 12 itemized 2024 grants were Wisconsin (81%) and Tennessee (15%). The most frequent recipient cities were Madison, WI (7 grants). None of its 12 grants with a stated purpose were described as general or operating support. Recurring purposes include "Support Charitable Activities" (12 grants).
How Fortune Family Foundation Inc gives
- 17% of 2024 grantees were also funded in 2023. Method
- Giving fell 82% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Fortune Family Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$46K
-38.7% YoY
Annual Giving
$32K
+193.3% YoY
Grant Count
12
+200.0% YoY
Avg Grant Size
$3K
-2.2% YoY
Under IRS private-foundation payout rules, Fortune Family Foundation Inc reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
About Fortune Family Foundation Inc
Based on IRS filings
Fortune Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Madison, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $46K in total assets. In 2024, it awarded 12 grants totaling $32K. Net investment income was $3K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 12 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $46,332 | $75,531 | $87,200 |
| Revenue | $3,631 | $45 | $1,228 |
| Expenses | $32,829 | $11,715 | $11,083 |
| Qualifying Distributions | $32,259 | $11,000 | $10,000 |
| Net Investment Income | $3,066 | $849 | $646 |
| Distributable Amount | $3,024 | $3,522 | $3,642 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Black Men Coalition of Dane County ($6,000), St Jude Children Research Hospital ($5,000), Children's Dyslexia Center ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BLACK MEN COALITION OF DANE COUNTY Madison, WI | SUPPORT CHARITABLE ACTIVITIES | $6,000 |
| ST JUDE CHILDREN RESEARCH HOSPITAL Memphis, TN | SUPPORT CHARITABLE ACTIVITIES | $5,000 |
| CHILDREN'S DYSLEXIA CENTER Madison, WI | SUPPORT CHARITABLE ACTIVITIES | $5,000 |
| LATINO WORKFORCE DEVELOPMENT CENTER Madison, WI | SUPPORT CHARITABLE ACTIVITIES | $5,000 |
| DROPS OF KINDNESS Poynette, WI | SUPPORT CHARITABLE ACTIVITIES | $4,000 |
| BOYS & GIRLS CLUB DANE COUNTY Madison, WI | SUPPORT CHARITABLE ACTIVITIES | $3,259 |
| MADISON LAKEWAY PARTNERS Madison, WI | SUPPORT CHARITABLE ACTIVITIES | $1,000 |
| WISCONSIN YOUNG SYMPHONY ORCHESTRAS Madison, WI | SUPPORT CHARITABLE ACTIVITIES | $1,000 |
| FOUNDATIONS FOR PERIPHERAL NEUROPATHY Buffalo Grove, IL | SUPPORT CHARITABLE ACTIVITIES | $500 |
| UW FOUNDATION - WONDERS OF PHYSICS OUTREACH FUND Milwaukee, WI | SUPPORT CHARITABLE ACTIVITIES | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Christopher S Fortune | Vice President & Secretary | — | — |
| Sara H Fortune | President & Treasurer | — | — |
| Emma B Fortune | Director | — | — |
| Heather B Fortune | Director | — | — |
| Kelly G Fortune | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Fortune Family Foundation Inc?
Fortune Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Madison, WI. It holds $46K in total assets as of 2024.
How large is Fortune Family Foundation Inc?
As of 2024, Fortune Family Foundation Inc holds $46K in total assets with $4K in annual revenue. It awarded 12 grants totaling $32K in 2024.
Where does Fortune Family Foundation Inc operate?
Fortune Family Foundation Inc has awarded grants in California, Georgia, Illinois, Indiana, New Jersey, Tennessee, Wisconsin.
What size grants does Fortune Family Foundation Inc award?
In 2024, Fortune Family Foundation Inc awarded 12 grants totaling $32K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Fortune Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fortune Family Foundation Inc reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Fortune Family Foundation Inc's EIN?
Fortune Family Foundation Inc's EIN (Employer Identification Number) is 20-2066444. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.