Hendricks Family Foundation Inc
Hendricks Family Foundation Inc is a private foundation based in Beloit, Wisconsin. It supports nonprofit organizations working to shape, strengthen, and sustain its hometown, and says it considers whether projects can make a meaningful local impact.
Hendricks Family Foundation Inc at a glance
In short: Hendricks Family Foundation Inc gave $4.2M across 35 grants in 2024 (avg $120K), mostly in Wisconsin. 40% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $4,202,500
- +13.7% vs 2023
- Grants made (2024)
- 35
- +9.4% vs 2023
- Average grant
- $120,071
- +4.0% vs 2023
- Median grant
- $15,000
- Total assets
- $73,723,506
- +23.3% vs 2023
- New grantees (estimate)
- 40% first-time grantees (14 of 35, 2024)
- Primary geography
- Wisconsin (97% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Hendricks Family Foundation Inc
- How to Apply
-
Submit applications through the foundation’s website and consult it for submission requirements and award restrictions. The foundation says it works with grantees through the application, decision, award, and reporting process.
- Review Cycle
- Deadlines change annually and are publicized on the foundation’s website.
- Deadline
- Deadlines change annually and are publicized on the foundation’s website.
- Contact
Application contact: Lisa Furseth
Mailing address: 690 Third Street Suite 300, Beloit, WI 53511
Phone: (608) 362-8000
Website: https://hendricksfamilyfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
3 open opportunities from Hendricks Family Foundation Inc
Hendricks Family Foundation - Capital Grant
Hendricks Family Foundation Inc
Amount
More than US $100,000
Deadline
Deadline not published
Hendricks Family Foundation - Impact Grant
Hendricks Family Foundation Inc
Amount
Up to US $100,000
Deadline
Deadline not published
Hendricks Family Foundation - Operating Grant
Hendricks Family Foundation Inc
Amount
More than US $100,000
Deadline
Deadline not published
Who Hendricks Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was The Lincoln Academy ($2.0M). Together the top 10 received $3.9M.
Grant Size Distribution
124 grants across all recorded years
The most common grant size was under $50K: 86 grants of 124 (69%).
Geographic Focus
Where this funder awards grants
The foundation says it supports nonprofits working to strengthen Beloit, Wisconsin. In 2024, 97% of grant dollars went to recipients in Wisconsin; the filing also reports 2% to Florida and 0% each to Tennessee, California, and South Dakota.
Grant Distribution by State
Share of 2024 grant dollars across all 35 itemized grants.
Cities
Is Hendricks Family Foundation Inc open to new grantees?
40%
first-time grantees, 2024
In 2024, 14 of 35 grantees (40%) were first-time recipients. First grants averaged $44K; repeat grants $171K. How we count
Medians: $10K first-time, $25K repeat.
- 57% of 2024 grantees were also funded in 2023. Method
- Giving grew 144% from 2021 to 2024. Method
- In 2024 it paid out 141% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.3M (2020) to $4.2M (2024). In 2024 it made 35 grants totaling $4.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Lincoln Academy Beloit, WI | Operating Support | $2,050,000 |
| Stateline Boys & Girls Clubs Inc Beloit, WI | Careertek | $630,000 |
| Fiscc Inc Janesville, WI | Woodman's Center Capital Campaign | $325,000 |
| Beloit Health System Foundation Inc Beloit, WI | Capital Campaign - Family Care Center | $200,000 |
| Humane Society of Southern WI Janesville, WI | Capital Campaign | $200,000 |
| Acts Community Development Corporation Milwaukee, WI | Beloit Housing Initiative | $181,000 |
| Rock Valley Community Programs Inc Janesville, WI | Homeless Veteran Transitional Housing | $100,000 |
| St John's Northwestern Military Academy Inc Delafield, WI | The rick leone challenge match campaign - rick leone scholar program | $100,000 |
| Wheelchairs 4 Kids Inc Tarpon Springs, FL | Provide Wheelchairs for Children | $100,000 |
| Children's Museum of Rock County Janesville, WI | Capital Campaign | $37,500 |
Ready to take the next step with Hendricks Family Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $73,723,506 | $13,735,515 | $6,061,524 | $4,202,500 | 35 | $4,482,492 | $2,349,769 | $3,170,287 |
| 2023 | $59,771,625 | $11,596,175 | $4,015,948 | $3,694,876 | 32 | $3,942,060 | $1,214,852 | $2,489,538 |
| 2022 | $46,055,616 | $5,870,111 | $2,483,903 | $2,229,110 | 25 | $2,571,578 | $1,078,168 | $2,247,999 |
| 2021 | $50,075,636 | $7,005,980 | $3,740,027 | $1,722,988 | 19 | $2,035,031 | $2,226,405 | $2,176,911 |
| 2020 | $39,742,672 | $5,470,976 | $1,548,990 | $1,268,878 | 13 | — | $1,202,338 | $1,635,779 |
Under IRS private-foundation payout rules, Hendricks Family Foundation Inc reported a distributable amount of $3.2M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s website identifies five grantmaking priority areas but the available information names these areas: education, career pathways and workforce development, public safety, strong and vibrant community, and veteran and veteran families. It describes career-pathways funding as supporting hands-on experience, exploration, and skill-building to help youth prepare for adulthood.
Examples of supported organizations illustrate the range of its grants. The Lincoln Academy says it provides scholars an environment conducive to learning, while Stateline Boys & Girls Clubs says its mission is to help young people reach their full potential. Beloit Health System Foundation says it develops and distributes gifts to support health care in the Stateline area. ACTS Housing describes its mission as empowerment through homeownership, and Rock Valley Community Programs says it provides transitional and supportive housing and treatment services in the Rock County area.
Grantmaking
In 2024, the foundation made 35 grants totaling $4,202,500. Awards ranged from $1,000 to $2,050,000, with a median grant of $15,000. The largest awards included $2,050,000 to The Lincoln Academy for operating support; $630,000 to Stateline Boys & Girls Clubs for CareerTek; $325,000 to FISCC for the Woodman’s Center capital campaign; and $200,000 each to Beloit Health System Foundation and the Humane Society of Southern Wisconsin for capital campaigns.
The 2024 filing states that giving is not restricted to preselected organizations. Applications should be submitted through the foundation’s website, where submission requirements and award restrictions and limitations are detailed. Lisa Furseth is listed as the application contact.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Diane Hendricks as president; Kendra Story as vice president; Konya Schuh as secretary/treasurer; Lisa Furseth as executive director; and Kara Stecker, Brent Fox, Kevin Hendricks, Kathy Hendricks, and Kimberlee Hendricks as directors.
Hendricks Family Foundation Inc is led by Lisa Furseth, Executive Director on every filing since 2021; 1 of 9 officers listed in 2024 is compensated.
Officers on the 2024 filing
Lisa Furseth
Executive Director
On filings since 2021
39 hrs/week
$183K (2021) → $302K (2024)
Diane Hendricks
President
On filings since 2020
3 hrs/week
No compensation reported
Brent Fox
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Kara Stecker
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Kathy Hendricks
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Kevin Hendricks
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Kimberlee Hendricks
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Kendra Story
Vice President
On filings since 2020
0.3 hrs/week
No compensation reported
Konya Schuh
Secretary & Treasurer
On filings since 2020
0.3 hrs/week
No compensation reported
Former officers (1)
- Former: Hendricks Holding Company (2020) — Executive Director
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 $302K, to Lisa Furseth (Executive Director).
Frequently asked questions about Hendricks Family Foundation Inc
How much does Hendricks Family Foundation Inc give each year?
Hendricks Family Foundation Inc gave $4.2M across 35 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.7M across 32 grants.
What is Hendricks Family Foundation Inc's typical grant size?
Hendricks Family Foundation Inc's median grant in 2024 was $15,000, and its average grant was $120,071, across 35 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Hendricks Family Foundation Inc that year got $44K on average.
Where does Hendricks Family Foundation Inc give grants?
Hendricks Family Foundation Inc gives mostly in Wisconsin: 97% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Beloit, WI (17 grants), Janesville, WI (6 grants) and Madison, WI (2 grants).
Does Hendricks Family Foundation Inc give general operating support?
Yes: 34% of Hendricks Family Foundation Inc's 2024 grants with a stated purpose (12 of 35) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Capital Campaign" (3 grants).
Who are Hendricks Family Foundation Inc's largest grantees?
Hendricks Family Foundation Inc's largest 2024 grantees include The Lincoln Academy ($2,050,000), Stateline Boys & Girls Clubs Inc ($630,000) and Fiscc Inc ($325,000), according to its 2024 IRS Form 990-PF. Together they received 72% of its itemized 2024 grant dollars.
How large is Hendricks Family Foundation Inc?
Hendricks Family Foundation Inc reported $73.7M in total assets on its 2024 IRS Form 990-PF. It paid out $4.5M in qualifying distributions that year, against a required minimum of $3.2M (roughly 5% of its investment assets).
What does Hendricks Family Foundation Inc fund?
The foundation’s website identifies five grantmaking priority areas but the available information names these areas: education, career pathways and workforce development, public safety, strong and vibrant community, and veteran and veteran families. See mission & focus areas ↑
How do I apply for a grant from Hendricks Family Foundation Inc?
Submit applications through the foundation’s website and consult it for submission requirements and award restrictions. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Hendricks Family Foundation Inc's EIN?
Hendricks Family Foundation Inc's EIN (Employer Identification Number) is 20-0874851. 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. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Hendricks Family Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Hendricks Family Foundation Inc funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/hendricks-family-foundation-inc-morg_8cb6c5f9d0614de8a0679af5cfad94c1
BibTeX
@misc{grantable_200874851_2026,
author = {{Grantable}},
title = {{Hendricks Family Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/hendricks-family-foundation-inc-morg_8cb6c5f9d0614de8a0679af5cfad94c1},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Hendricks Family Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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