Herbert V Prochnow Educational Foundation Inc
To initiate, fund, market, and implement programs and activities which support the mission of the graduate school of banking, inc.
Herbert V Prochnow Educational Foundation Inc at a glance
In short: Herbert V Prochnow Educational Foundation Inc gave $41K across 1 grant in 2025 (avg $41K), mostly in Wisconsin. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $40,647
- Grants made (2025)
- 1
- Average grant
- $40,647
- Median grant
- $40,647
- Total assets
- $10,880,405
- +4.6% vs 2024
- Primary geography
- Wisconsin (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Herbert V Prochnow Educational Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Graduate School of Banking Inc ($41K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $41K (2025) to $400K (2020). In 2025 it made 1 grant totaling $41K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Graduate School of Banking Inc Madison, WI | Curriculum Development | $40,647 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $10,880,405 | $1,071,556 | $277,222 | $40,647 | 1 | $1,071,556 |
| 2024 | $10,401,498 | $853,534 | $255,667 | — | — | $622,517 |
| 2023 | $8,559,160 | $434,366 | $266,497 | — | — | $427,866 |
| 2022 | $8,682,125 | $657,763 | $290,367 | — | — | $654,754 |
| 2021 | $9,416,652 | $784,334 | $264,682 | — | — | $784,334 |
| 2020 | $7,655,586 | $351,695 | $505,216 | $400,000 | 2 | $329,195 |
| 2019 | $7,913,851 | $737,144 | $315,480 | — | — | $437,144 |
About Herbert V Prochnow Educational Foundation Inc
Based on IRS filings
Herbert V Prochnow Educational Foundation Inc is a public charity focused on Education, based in Madison, WI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $10.9M in total assets. In 2025, it awarded 1 grant totaling $41K. Net investment income was $1.1M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Herbert V Prochnow Educational Foundation Inc is led by Kirby Davidson Former, President & CEO on the 2025 filing; 2 of 23 officers listed in 2025 are compensated.
Officers on the 2025 filing
Kirby Davidson Former
President & CEO
New on the 2025 filing
4 hrs/week
$32K (2025)
Paul Katz President
CEO
New on the 2025 filing
4 hrs/week
$15K (2025)
Adrian Beverage
Chair
Member → Vice Chair, 2024
Vice Chair → Chair, 2025
On filings since 2021
1 hr/week
No compensation reported
Vicki Kraai
Member - Cac Chair
Member - Cac Vice Chair → Member - Cac Chair, 2025
On filings since 2023
1 hr/week
No compensation reported
Julie Redfern
Member - Bab Chair
Member - Bab Vice Chair → Member - Bab Chair, 2025
On filings since 2024
1 hr/week
No compensation reported
Amber Van Til
Member
Immediate Past Chair of the Board → Trustee, 2022
Trustee → Member, 2023
On filings since 2019
1 hr/week
No compensation reported
Ballard W. Cassady Jr.
Member
Trustee → Member, 2023
On filings since 2019
1 hr/week
No compensation reported
Doug Wareham
Member
Chair of the Board → Immediate Past Chair of the Board, 2022
Immediate Past Chair of the Board → Member, 2023
On filings since 2019
1 hr/week
No compensation reported
Joe Witt
Member
Trustee → Member, 2023
On filings since 2019
1 hr/week
No compensation reported
John Sorensen
Member
Trustee → Member, 2023
On filings since 2019
1 hr/week
No compensation reported
Lorrie Trogden
Member
Chair of the Board → Immediate Past Chair, 2023
Immediate Past Chair → Member, 2024
On filings since 2019
1 hr/week
No compensation reported
Michael J. Adelman
Member
Treasurer of the Board → Treasurer, 2023
Treasurer → Member, 2025
On filings since 2019
1 hr/week
No compensation reported
Richard Baier
Member
Immediate Past Chair of the Board → Trustee, 2020
Trustee → Member, 2023
On filings since 2019
1 hr/week
No compensation reported
Rick Clayburgh
Member
Trustee → Member, 2023
On filings since 2019
1 hr/week
No compensation reported
Rose Oswald Poels
Member
Trustee → Member, 2023
On filings since 2019
1 hr/week
No compensation reported
T. Rann Paynter
Treasurer
Trustee → Member, 2023
Member → Treasurer, 2025
On filings since 2019
1 hr/week
No compensation reported
Randy Hultgren
Member
Chair → Immediate Past Chair, 2024
Immediate Past Chair → Member, 2025
On filings since 2020
1 hr/week
No compensation reported
Vallabh Sambamurthy
Uw Representative
Trustee → Uw Representative, 2023
On filings since 2020
1 hr/week
No compensation reported
Jenifer Waller
Vice Chair
Trustee → Member, 2023
Member → Vice Chair, 2025
On filings since 2022
1 hr/week
No compensation reported
Jackson Hataway
Member
On filings since 2023
1 hr/week
No compensation reported
Karlton Adam
Immediate Past Chair
Vice Chair → Chair, 2024
Chair → Immediate Past Chair, 2025
On filings since 2023
1 hr/week
No compensation reported
Brian Humphreys
Member - Bab Vice Chair
New on the 2025 filing
1 hr/week
No compensation reported
Lisa Yaffe
Member - Cac Vice Chair
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (17)
- Former: Kirby A. Davidson (2019–2024) — CEO
- Former: Michael A. Wear (2022–2024) — Member - Cac Chair
- Former: Kevin Pernick (2024) — Member - Bab Chair
- Former: Paul Katz (2024) — President & CEO
- Former: Betsy Johnson (2022–2023) — Member - Bab Chair
- Former: Sue Black (2022–2023) — Bab Vice Chair
- Former: Kevin Pernick Member - (2023) — Bab Vice Chair
- Former: Don A. Childears (2019–2022) — Trustee
- Former: Jason Schwartz (2019–2022) — Trustee
- Former: Lance E. Kessler (2019–2022) — Trustee
- Former: Max Cook (2019–2022) — Trustee
- Former: Karl Adam (2020–2022) — Trustee
- Former: Ernest Strube (2019–2021) — Trustee
- Former: Roger M. Beverage (2019–2021) — Trustee
- Former: Curtis A. Everson (2019) — Trustee
- Former: James M. Johannes (2019) — Trustee
- Former: Linda Koch (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $32K, to Kirby Davidson Former (President & CEO (Term 12/2024)). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Herbert V Prochnow Educational Foundation Inc
How much does Herbert V Prochnow Educational Foundation Inc give each year?
Herbert V Prochnow Educational Foundation Inc gave $41K across 1 grant in 2025, according to its 2025 IRS Form 990.
How large is Herbert V Prochnow Educational Foundation Inc?
Herbert V Prochnow Educational Foundation Inc reported $10.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.1M.
What is Herbert V Prochnow Educational Foundation Inc?
Herbert V Prochnow Educational Foundation Inc is a public charity focused on Education, based in Madison, WI. It holds $10.9M in total assets as of 2025.
Where does Herbert V Prochnow Educational Foundation Inc operate?
Herbert V Prochnow Educational Foundation Inc has awarded grants in Wisconsin.
What is Herbert V Prochnow Educational Foundation Inc's EIN?
Herbert V Prochnow Educational Foundation Inc's EIN (Employer Identification Number) is 39-1466758. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 10, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS May 19, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS April 28, 2020)
- IRS filings on file for fiscal years 2020–2024
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