National Exch Bank Foundation Inc
National Exch Bank Foundation Inc is a private foundation, based in Fond Du Lac, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $20.3M in total assets. In 2024, it awarded 1 grant totaling $2.5M. Net investment income was $609K.
National Exch Bank Foundation Inc at a glance
In short: National Exch Bank Foundation Inc gave $2.5M across 1 grant in 2024 (avg $2.5M), mostly in Wisconsin. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,477,570
- -0.4% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $2,477,570
- -0.4% vs 2023
- Median grant
- $2,477,570
- Total assets
- $20,279,100
- -8.5% vs 2023
- Primary geography
- Wisconsin (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who National Exch Bank Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
How National Exch Bank Foundation Inc gives
- Giving grew 41% from 2021 to 2024. Method
- In 2024 it paid out 88% 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 2020 to 2024, annual grant giving ranged from $1.3M (2020) to $2.6M (2022). In 2024 it made 1 grant totaling $2.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached Schedule See Attached Schedule, WI | See Attached Schedule | $2,477,570 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $20,279,100 | $660,705 | $2,537,035 | $2,477,570 | 1 | $2,477,570 | $608,665 | $2,830,114 |
| 2023 | $22,155,430 | $7,714,956 | $2,734,277 | $2,487,123 | 1 | $2,487,123 | $7,478,585 | $2,531,642 |
| 2022 | $17,174,751 | $1,471,368 | $2,765,399 | $2,559,035 | 1 | $2,559,035 | $1,315,950 | $2,534,005 |
| 2021 | $18,468,782 | $3,860,326 | $1,995,044 | $1,755,050 | 1 | $1,755,050 | $3,687,470 | $2,488,940 |
| 2020 | $16,603,500 | $4,111,087 | $1,489,318 | $1,325,915 | 1 | — | $3,385,609 | $1,753,044 |
Under IRS private-foundation payout rules, National Exch Bank Foundation Inc reported a distributable amount of $2.8M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
National Exch Bank Foundation Inc is led by Peter Stone, Director & President on every filing since 2020; none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Peter Stone
Director & President
On filings since 2020
No compensation reported
Barbara S. Stone
Director
On filings since 2020
No compensation reported
Eric P. Stone
Director
On filings since 2020
No compensation reported
James R. Chatterton
Director
On filings since 2020
No compensation reported
Nicole Wiese
Director
On filings since 2020
No compensation reported
S. Adam Stone
Director
On filings since 2020
No compensation reported
Isaac Mueller
Director & Secretary
On filings since 2023
No compensation reported
Former officers (1)
- Former: Jed R. Keller (2020–2022) — Director & Secretary
Data from IRS Form 990 filings, 2020–2024. "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 National Exch Bank Foundation Inc
How much does National Exch Bank Foundation Inc give each year?
National Exch Bank Foundation Inc gave $2.5M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.5M across 1 grant.
How large is National Exch Bank Foundation Inc?
National Exch Bank Foundation Inc reported $20.3M in total assets on its 2024 IRS Form 990-PF. It paid out $2.5M in qualifying distributions that year, against a required minimum of $2.8M (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.
Where does National Exch Bank Foundation Inc operate?
National Exch Bank Foundation Inc has awarded grants in Wisconsin.
What is National Exch Bank Foundation Inc's EIN?
National Exch Bank Foundation Inc's EIN (Employer Identification Number) is 39-1597843. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 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 2020 (received by the IRS May 26, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 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 June 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
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