Kearney Foundation Inc
Kearney Foundation Inc is a private foundation focused on Education, based in Milwaukee, WI. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $252K in total assets. In 2025, it awarded 3 grants totaling $15K. Net investment income was $348.
Kearney Foundation Inc at a glance
In short: Kearney Foundation Inc gave $15K across 3 grants in 2025 (avg $5K), mostly in Wisconsin. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $15,000
- +0.0% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $5,000
- +0.0% vs 2024
- Median grant
- $5,000
- Total assets
- $251,878
- -7.7% vs 2024
- Primary geography
- Wisconsin (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Kearney Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was St Marcus Lutheran School ($5K). Together the top 3 received $15K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Kearney Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 82% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $15K (2021) to $16K (2023). In 2025 it made 3 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Marcus Lutheran School Milwaukee, WI | Education | $5,000 |
| Milwaukee Academy of Science Milwaukee, WI | Education | $5,000 |
| Brookfield Academy Brookfield, WI | Education | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $251,878 | $-3,166 | $17,878 | $15,000 | 3 | $15,000 | $348 | $18,202 |
| 2024 | $272,922 | $18,894 | $17,615 | $15,000 | 3 | $15,000 | $16,279 | $18,169 |
| 2023 | $271,628 | $14,648 | $21,434 | $16,000 | 3 | $16,000 | $8,261 | $15,864 |
| 2022 | $255,593 | $28,113 | $19,057 | $15,000 | 3 | $15,000 | $24,056 | $9,273 |
| 2021 | $224,173 | $35,618 | $15,400 | $15,000 | 3 | — | $35,218 | $15,452 |
Under IRS private-foundation payout rules, Kearney Foundation Inc reported a distributable amount of $18K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Kearney Foundation Inc is led by Jane Carpenter, Co-President on every filing since 2021; none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jane Carpenter
Co-President
On filings since 2021
No compensation reported
Matthew Carpenter
Co-President
On filings since 2021
No compensation reported
Carol Carpenter
Emeritus
Co-Treasurer → Emeritus, 2022
On filings since 2021
No compensation reported
Jay Carpenter
Vice President
Secretary → Vice President, 2022
On filings since 2021
No compensation reported
Nancy Carpenter
Emeritus
On filings since 2021
No compensation reported
Ty Carpenter
Treasurer
Co-Treasurer → Treasurer, 2022
On filings since 2021
No compensation reported
William Carpenter
Emeritus
On filings since 2021
No compensation reported
Ian Carpenter
Secretary
On filings since 2022
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Kearney Foundation Inc
How much does Kearney Foundation Inc give each year?
Kearney Foundation Inc gave $15K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $15K across 3 grants.
What is Kearney Foundation Inc's typical grant size?
Kearney Foundation Inc's median grant in 2025 was $5,000, and its average grant was $5,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does Kearney Foundation Inc give grants?
Kearney Foundation Inc gives mostly in Wisconsin: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Milwaukee, WI (2 grants).
Does Kearney Foundation Inc give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Kearney Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (3 grants).
How large is Kearney Foundation Inc?
Kearney Foundation Inc reported $252K in total assets on its 2025 IRS Form 990-PF. It paid out $15K in qualifying distributions that year, against a required minimum of $18K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Kearney Foundation Inc?
Kearney Foundation Inc is a private foundation focused on Education, based in Milwaukee, WI. It holds $252K in total assets as of 2025.
What is Kearney Foundation Inc's EIN?
Kearney Foundation Inc's EIN (Employer Identification Number) is 39-0774273. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 2, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 19, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 3, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 2, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 6, 2026)
- IRS filings on file for fiscal years 2021–2024
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