Pathnote Foundation Inc
Pathnote Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Madison, WI. IRS filing data is available from 2020 through 2022. In 2022, it awarded 10 grants totaling $460K. Net investment income was $541K.
Key facts about Pathnote Foundation Inc
- EIN
- 81-0927994
- Latest 990 filing
- Form 990-PF, 2022
- Annual giving (2022)
- $460,000
- Grants made (2022)
- 10
- Average grant
- $46,000
- Median grant
- $40,000
- Primary geography
- Alabama (43% of itemized 2022 grant dollars)
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Pathnote Foundation Inc funds
By grant dollars, the top recipient states for Pathnote Foundation Inc's 10 itemized 2022 grants were Alabama (43%), Texas (22%) and New York (17%). The most frequent recipient cities were Baltimore, MD (4 grants), Montgomery, AL (2 grants), Hewitt, TX (2 grants) and New York, NY (2 grants). 20% of grants with a stated purpose were for general or operating support. Recurring purposes include "Program Support" (8 grants).
How Pathnote Foundation Inc gives
- In 2022 it paid out 229% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Pathnote Foundation Inc
- How to evaluate Pathnote Foundation Inc as a funder
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Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$460K
+0.0% YoY
Grant Count
10
+0.0% YoY
Avg Grant Size
$46K
+0.0% YoY
Under IRS private-foundation payout rules, Pathnote Foundation Inc reported a distributable amount of $201K for 2022 — the minimum it must pay out in qualifying distributions.
About Pathnote Foundation Inc
Based on IRS filings
Pathnote Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Madison, WI. IRS filing data is available from 2020 through 2022. In 2022, it awarded 10 grants totaling $460K. Net investment income was $541K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 10 itemized 2022 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | — | $3,761,162 | $3,576,951 |
| Revenue | $1,081,039 | $697,306 | $1,191,027 |
| Expenses | $494,621 | $513,097 | $453,958 |
| Qualifying Distributions | $460,000 | $460,000 | — |
| Net Investment Income | $541,494 | $144,209 | $662,069 |
| Distributable Amount | $200,809 | $240,283 | $165,936 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2022
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2022
Grant Size Distribution
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2022 grants, the largest recipients include Southern Poverty Law Center ($200,000 across 2 grants), Preemptive Love Coalition ($100,000 across 2 grants), Braver Angels ($80,000 across 2 grants).
| Recipient | Purpose | Amount |
|---|---|---|
| SOUTHERN POVERTY LAW CENTER Montgomery, AL | PROGRAM SUPPORT | $100,000 |
| SOUTHERN POVERTY LAW CENTER Montgomery, AL | PROGRAM SUPPORT | $100,000 |
| PREEMPTIVE LOVE COALITION Hewitt, TX | PROGRAM SUPPORT | $50,000 |
| PREEMPTIVE LOVE COALITION Hewitt, TX | PROGRAM SUPPORT | $50,000 |
| BRAVER ANGELS New York, NY | GENERAL OPERATIONS | $40,000 |
| BRAVER ANGELS New York, NY | GENERAL OPERATIONS | $40,000 |
| NATIONAL PUBLIC RADIO Baltimore, MD | PROGRAM SUPPORT | $30,000 |
| NATIONAL PUBLIC RADIO Baltimore, MD | PROGRAM SUPPORT | $30,000 |
| NATIONAL PUBLIC RADIO Baltimore, MD | PROGRAM SUPPORT | $10,000 |
| NATIONAL PUBLIC RADIO Baltimore, MD | PROGRAM SUPPORT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2022 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Tarn Faulkner | Director | 1 | — |
| Karen Faulkner | Director | 1 | — |
| John F Suby | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Pathnote Foundation Inc?
Pathnote Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Madison, WI. It holds — in total assets as of 2022.
Where does Pathnote Foundation Inc operate?
Pathnote Foundation Inc has awarded grants in Alabama, District of Columbia, Maryland, New York, Texas.
What size grants does Pathnote Foundation Inc award?
In 2022, Pathnote Foundation Inc awarded 10 grants totaling $460K — an average of about $46K per grant, based on its IRS Form 990 filings.
How much is Pathnote Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Pathnote Foundation Inc reported a distributable amount of $201K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Pathnote Foundation Inc's EIN?
Pathnote Foundation Inc's EIN (Employer Identification Number) is 81-0927994. IRS Form 990 filing data is available on this page for 2020–2022.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.