Knights Foundation Inc

Private foundation · Grantmaker Elm Grove, WI EIN: 23-7042261

Knights Foundation Inc is a private foundation, based in Elm Grove, WI. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $273K in total assets. In 2025, it awarded 18 grants totaling $46K. Net investment income was $40K.

Key facts about Knights Foundation Inc

In short: Knights Foundation Inc gave $46K across 18 grants in 2025 (avg $3K), mostly in Wisconsin. 41% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

EIN
23-7042261
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$45,500
Grants made (2025)
18
Average grant
$2,528
Median grant
$1,250
New grantees (estimate)
41% first-time grantees (7 of 17, 2025)
Total assets
$272,710
Primary geography
Wisconsin (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$273K

-1.4% YoY

Annual Giving

$46K

+97.4% YoY

Grant Count

18

+38.5% YoY

Avg Grant Size

$3K

+42.6% YoY

Under IRS private-foundation payout rules, Knights Foundation Inc reported a distributable amount of $16K for 2025 — the minimum it must pay out in qualifying distributions.

Is Knights Foundation Inc open to new grantees?

41%

first-time grantees, 2025

In 2025, 7 of 17 grantees (41%) were first-time recipients. First grants averaged $3K; repeat grants $2K. How we count

Medians: $2K first-time, $1K repeat.

  • 59% of 2025 grantees were also funded in 2024. Method
  • Giving grew 26% from 2022 to 2025. Method
  • In 2025 it paid out 286% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of all 18 itemized 2025 grant dollars.

Cities

MilwaukeeBrookfieldMukwonagoNew HavenWauwatosaElm GroveHartland

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K13 grants202013 grants202114 grants20227 grants202313 grants202418 grants2025

From 2020 to 2025, annual grant giving ranged from $12K (2023) to $51K (2021). In 2025 it made 18 grants totaling $46K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Capuchin Comm SRVCS: $11KCapuchin Comm SRVCS$11KThe Salesianum Trust: $10KThe Salesianum Trust$10KLifes Connection: $4KLifes Connection$4KSt Jude Apostle Parish: $3KSt Jude Apostle Parish$3KSt Joseph: $2KSt Joseph$2KChrist King Parish: $2KChrist King Parish$2KSt Marys Parish: $2KSt Marys Parish$2KSHP: $2KSHP$2KMen in Christ Women in Christ: $2KMen in Christ Women in Christ$2KWomens Support Center: $1KWomens Support Center$1K

The largest 2025 recipient was Capuchin Comm SRVCS ($11K). Together the top 10 received $38K.

Grant Size Distribution

65 grants across all recorded years

65<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 65 grants of 65 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Capuchin Comm SRVCS Milwaukee, WIMeals & Other Support$11,000
The Salesianum Trust Milwaukee, WICap Campaign Support$10,000
Lifes Connection Mukwonago, WIEducational Assistance$4,000
St Jude Apostle Parish Milwaukee, WIParish Support$2,500
St Joseph Milwaukee, WIYouth Ministry$2,000
Christ King Parish Milwaukee, WIParish Support$2,000
St Marys Parish Elm Grove, WIParish Support$2,000
SHP Hartland, WISupport Material for Making Beds for Kids Without$2,000
Men in Christ Women in Christ Milwaukee, WIEducation Conferences$1,500
Womens Support Center Milwaukee, WIEducational Assistance$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K202020212022202320242025
Metric202520242023
Total Assets$272,710$276,573$266,893
Revenue$41,259$35,217$19,593
Expenses$46,401$23,675$17,531
Qualifying Distributions$45,500$23,050$17,000
Net Investment Income$40,333$30,277$14,322
Distributable Amount$15,927$15,696$14,291

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 3, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS September 9, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS June 6, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 18, 2026)

Leadership & Key People

Officers and directors from IRS filings

Knights Foundation Inc is led by Jim Dragani, President on every filing since 2020; none of the 8 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Jim Dragani

    President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Daniel Woehrer

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Wayne Miller

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Bill Roedell

    Trustee

    On filings since 2022

    1 hr/week

    No compensation reported

  • James Webb

    Trustee

    On filings since 2022

    1 hr/week

    No compensation reported

  • Ron Zeise

    Trustee

    On filings since 2022

    1 hr/week

    No compensation reported

  • Jeff Rauh

    Secretary

    On filings since 2020

    1 hr/week

    No compensation reported

  • Thomas M. Powers

    Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

Former officers (4)
  • Former: John Clark (2020–2024) — Trustee
  • Former: William Ibach (2020–2024) — Trustee
  • Former: Dennis Crain (2020–2021) — Trustee
  • Former: Joseph Tenaglia (2020–2021) — Trustee

Data from IRS Form 990 filings, 2020–2025. "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 Knights Foundation Inc

How much does Knights Foundation Inc give each year?

Knights Foundation Inc gave $46K across 18 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23K across 13 grants.

What is Knights Foundation Inc's typical grant size?

Knights Foundation Inc's median grant in 2025 was $1,250, and its average grant was $2,528, across 18 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Knights Foundation Inc that year got $3K on average.

Where does Knights Foundation Inc give grants?

Knights 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 (13 grants).

Does Knights Foundation Inc give general operating support?

Not in 2025: none of the 18 grants with a stated purpose on Knights Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational Assistance" (4 grants), "Educational Support" (3 grants) and "Parish Support" (3 grants).

Who are Knights Foundation Inc's largest grantees?

Knights Foundation Inc's largest 2025 grantees include Capuchin Comm SRVCS ($11,000), The Salesianum Trust ($10,000) and Lifes Connection ($4,000), according to its 2025 IRS Form 990-PF. Together they received 55% of its itemized 2025 grant dollars.

How large is Knights Foundation Inc?

Knights Foundation Inc reported $273K in total assets on its 2025 IRS Form 990-PF. It paid out $46K in qualifying distributions that year, against a required minimum of $16K (roughly 5% of its investment assets).

What is Knights Foundation Inc's EIN?

Knights Foundation Inc's EIN (Employer Identification Number) is 23-7042261. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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