Knights Foundation Inc
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
Share of all 18 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
The largest 2025 recipient was Capuchin Comm SRVCS ($11K). Together the top 10 received $38K.
Grant Size Distribution
65 grants across all recorded years
The most common grant size was under $50K: 65 grants of 65 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Capuchin Comm SRVCS Milwaukee, WI | Meals & Other Support | $11,000 |
| The Salesianum Trust Milwaukee, WI | Cap Campaign Support | $10,000 |
| Lifes Connection Mukwonago, WI | Educational Assistance | $4,000 |
| St Jude Apostle Parish Milwaukee, WI | Parish Support | $2,500 |
| St Joseph Milwaukee, WI | Youth Ministry | $2,000 |
| Christ King Parish Milwaukee, WI | Parish Support | $2,000 |
| St Marys Parish Elm Grove, WI | Parish Support | $2,000 |
| SHP Hartland, WI | Support Material for Making Beds for Kids Without | $2,000 |
| Men in Christ Women in Christ Milwaukee, WI | Education Conferences | $1,500 |
| Womens Support Center Milwaukee, WI | Educational Assistance | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 3, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- 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.
Here's the math on researching Knights Foundation Inc by hand.
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