Korb Family Foundation Inc
Korb Family Foundation Inc is a private foundation based in Fond du Lac, Wisconsin. Its 2025 filing reports grants to organizations in Wisconsin, Indiana, and Minnesota, with grant purposes listed mainly as charitable education.
Key facts about Korb Family Foundation Inc
In short: Korb Family Foundation Inc gave $23K across 11 grants in 2025 (avg $2K), mostly in Wisconsin. 27% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 39-1979649
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $22,550
- Grants made (2025)
- 11
- Average grant
- $2,050
- Median grant
- $2,000
- New grantees (estimate)
- 27% first-time grantees (3 of 11, 2025)
- Total assets
- $236,803
- Primary geography
- Wisconsin (80% of itemized 2025 grant dollars)
- How to apply
- The filing lists Michael A Korb as the contact. Full details ↓
- Deadline
- None listed.
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$237K
-2.4% YoY
Annual Giving
$23K
-1.5% YoY
Grant Count
11
+57.1% YoY
Avg Grant Size
$2K
-37.3% YoY
Under IRS private-foundation payout rules, Korb Family Foundation Inc reported a distributable amount of $20K for 2025 — the minimum it must pay out in qualifying distributions.
Is Korb Family Foundation Inc open to new grantees?
27%
first-time grantees, 2025
In 2025, 3 of 11 grantees (27%) were first-time recipients. First grants averaged $1K; repeat grants $2K. How we count
Medians: $1K first-time, $2K repeat.
- 55% of 2025 grantees were also funded in 2024. Method
- Giving fell 39% from 2022 to 2025. Method
- In 2025 it paid out 111% 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.
Mission & Focus Areas
No foundation mission is stated in the provided information. The 2025 grants list mostly gives “charitable education” as the purpose, alongside one grant listed as “charitable.”
Among the recipients, the Children’s Museum of Fond du Lac says its mission is to support childhood development through exhibits and programs that promote learning through play. Agnesian Healthcare Foundation describes its role as developing and managing philanthropic support for a group of health and care organizations. The University of St. Thomas says it educates students to advance the common good, and Marian University describes its work as educating the whole person for professional service and leadership. St. Mary’s Springs Academy says it manages funds for Catholic elementary and secondary education in the Fond du Lac area.
Grantmaking
In 2025, the foundation awarded 11 grants totaling $22,550. Grant amounts ranged from $300 to $5,000, with a median grant of $2,000.
Review Cycle
None listed.
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Geographic Focus
Where this funder awards grants
The foundation’s 2025 grant dollars went to recipients in Wisconsin (80%), Indiana (11%), and Minnesota (9%).
Grant Distribution by State
Share of 2025 grant dollars across all 11 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $19K (2023) to $37K (2022). In 2025 it made 11 grants totaling $23K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Childrens Museum of Fond Du Lac ($5K). Together the top 10 received $22K.
Grant Size Distribution
52 grants across all recorded years
The most common grant size was under $50K: 52 grants of 52 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Childrens Museum of Fond Du Lac Fond Du Lac, WI | Charitable Education | $5,000 |
| Boys and Girls Club Fond Du Lac, WI | Charitable Education | $4,500 |
| Agnesian Healthcare Foundation Inc Fond Du Lac, WI | Charitable Education | $2,500 |
| St Marys College Notre Dame, IN | Charitable Education | $2,500 |
| Marian University Fond Du Lac, WI | Charitable Education | $2,000 |
| University of St Thomas Saint Paul, MN | Charitable Education | $2,000 |
| St Marys Springs Academy Fond Du Lac, WI | Charitable Education | $1,750 |
| Wreaths Across America Fond Du Lac, WI | Charitable | $1,000 |
| Fond Du Lac Blue Line Booster Club Fond Du Lac, WI | Charitable Education | $500 |
| Cure for Casey Oregon, WI | Charitable Education | $500 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $236,803 | $18,306 | $23,459 | $22,550 |
| 2024 | $242,616 | -$12,708 | $26,906 | $22,890 |
| 2023 | $271,568 | $19,097 | $19,898 | $18,950 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $236,803 | $242,616 | $271,568 |
| Revenue | $18,306 | $-12,708 | $19,097 |
| Expenses | $23,459 | $26,906 | $19,898 |
| Qualifying Distributions | $22,550 | $22,890 | $18,950 |
| Net Investment Income | $17,397 | $14,310 | $18,149 |
| Distributable Amount | $20,342 | $18,723 | $18,220 |
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 16, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 5, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 1, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Michael A Korb as president and secretary-treasurer, and Stephanie D Korb and Catherine A Korb as vice presidents.
Korb Family Foundation Inc is led by Michael A. Korb, President & Secretarytreas since 2025 (on filings since 2020); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael A. Korb
President & Secretarytreas
President & Secretarytreasurer → President & Secretarytreas, 2025
On filings since 2020
No compensation reported
Catherine A. Korb
Vice President
On filings since 2020
No compensation reported
Stephanie D. Korb
Vice President
On filings since 2020
No compensation reported
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.
Contact
Application contact: Michael A Korb
Mailing address: N7814 Sandy Beach Road, Fond Du Lac, WI 54935
Phone: (920) 952-2000
Frequently asked questions about Korb Family Foundation Inc
How much does Korb Family Foundation Inc give each year?
Korb Family Foundation Inc gave $23K across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23K across 7 grants.
What is Korb Family Foundation Inc's typical grant size?
Korb Family Foundation Inc's median grant in 2025 was $2,000, and its average grant was $2,050, across 11 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Korb Family Foundation Inc that year got $1K on average.
Where does Korb Family Foundation Inc give grants?
Korb Family Foundation Inc gives mostly in Wisconsin: 80% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Indiana (11%) and Minnesota (9%). The most frequent recipient cities were Fond Du Lac, WI (8 grants).
Does Korb Family Foundation Inc give general operating support?
Not in 2025: none of the 11 grants with a stated purpose on Korb Family Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Education" (10 grants).
Who are Korb Family Foundation Inc's largest grantees?
Korb Family Foundation Inc's largest 2025 grantees include Childrens Museum of Fond Du Lac ($5,000), Boys and Girls Club ($4,500) and Agnesian Healthcare Foundation Inc ($2,500), according to its 2025 IRS Form 990-PF. Together they received 53% of its itemized 2025 grant dollars.
How large is Korb Family Foundation Inc?
Korb Family Foundation Inc reported $237K in total assets on its 2025 IRS Form 990-PF. It paid out $23K in qualifying distributions that year, against a required minimum of $20K (roughly 5% of its investment assets).
What does Korb Family Foundation Inc fund?
No foundation mission is stated in the provided information. The 2025 grants list mostly gives “charitable education” as the purpose, alongside one grant listed as “charitable.” See mission & focus areas ↑
How do I apply for a grant from Korb Family Foundation Inc?
The filing lists Michael A Korb as the contact. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Korb Family Foundation Inc's EIN?
Korb Family Foundation Inc's EIN (Employer Identification Number) is 39-1979649. 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. Research dossier generated September 2026.
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