Fund for Wisconsin Scholars 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 $303.8M in total assets. In 2024, it awarded 3 grants totaling $15.4M. Net investment income was $8.7M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$303.8M
+11.7% YoY
Annual Giving
$15.4M
+18.6% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$5.1M
+18.6% YoY
Under IRS private-foundation payout rules, Fund for Wisconsin Scholars Inc reported a distributable amount of $14.4M for 2024 — the minimum it must pay out in qualifying distributions.
About Fund for Wisconsin Scholars Inc
Based on IRS filings
Fund for Wisconsin Scholars 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 $303.8M in total assets. In 2024, it awarded 3 grants totaling $15.4M. Net investment income was $8.7M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $303,829,934 | $271,955,838 | $273,321,225 |
| Revenue | $38,407,391 | $11,885,477 | $22,010,196 |
| Expenses | $18,334,153 | $15,447,001 | $14,059,076 |
| Qualifying Distributions | $16,405,497 | $13,890,530 | $12,158,591 |
| Net Investment Income | $8,713,525 | $7,762,152 | $21,842,240 |
| Distributable Amount | $14,435,691 | $13,071,210 | $13,880,869 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Wisconsin System ($15,256,188), Individual Grant Recipients Detail ($123,500), Wisconsin Technical College System ($9,717).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF WISCONSIN SYSTEM MADISON, WI | STIPENDS AND NEED-BASED GRANTS FOR HIGHER EDUCATION | $15,256,188 |
| WISCONSIN TECHNICAL COLLEGE SYSTEM MADISON, WI | STIPENDS AND NEED-BASED GRANTS FOR HIGHER EDUCATION | $9,717 |
| INDIVIDUAL GRANT RECIPIENTS DETAIL MADISON, WI | GRANT RECIPIENT GRADUATION GIFTS ($500/EACH) | $123,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN P MORGRIDGE | CHAIR/TRUSTEE | 5 | — |
| TASHIA F MORGRIDGE | TRUSTEE | 5 | — |
| JOHN D MORGRIDGE | TRUSTEE | 2 | $18,000 |
| KATHARINA HEYNING | VICE-CHAIR/TRUSTEE | 2 | $12,000 |
| JOHN W DANIELS JR | VICE-CHAIR/TRUSTEE | 2 | $3,000 |
| KELLY RUPPEL | SECRETARY/EXEC DIR/TRUSTEE | 40 | $235,000 |
| CHRIS BRADFORD | TREASURER/TRUSTEE | 2 | $16,000 |
| MICHAEL LOVELL | TRUSTEE | 2 | $6,000 |
| CORY NETTLES | TRUSTEE | 2 | $6,000 |
| REBECCA SPLITT | TRUSTEE | 2 | $12,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Fund for Wisconsin Scholars Inc?
Fund for Wisconsin Scholars Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MADISON, WI. It holds $303.8M in total assets as of 2024.
How large is Fund for Wisconsin Scholars Inc?
As of 2024, Fund for Wisconsin Scholars Inc holds $303.8M in total assets with $38.4M in annual revenue. It awarded 3 grants totaling $15.4M in 2024.
Where does Fund for Wisconsin Scholars Inc operate?
Fund for Wisconsin Scholars Inc has awarded grants in Wisconsin.
What size grants does Fund for Wisconsin Scholars Inc award?
In 2024, Fund for Wisconsin Scholars Inc awarded 3 grants totaling $15.4M — an average of about $5.1M per grant, based on its IRS Form 990 filings.
How much is Fund for Wisconsin Scholars Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fund for Wisconsin Scholars Inc reported a distributable amount of $14.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Fund for Wisconsin Scholars Inc's EIN?
Fund for Wisconsin Scholars Inc's EIN (Employer Identification Number) is 26-1412296. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Fund for Wisconsin Scholars Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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