Raabe Foundation
Raabe Foundation is a private foundation, based in Pewaukee, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $867K in total assets. In 2024, it awarded 8 grants totaling $134K. Net investment income was $135K.
Raabe Foundation at a glance
In short: Raabe Foundation gave $134K across 8 grants in 2024 (avg $17K), mostly in Wisconsin. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $133,631
- -74.3% vs 2023
- Grants made (2024)
- 8
- +60.0% vs 2023
- Average grant
- $16,704
- -83.9% vs 2023
- Median grant
- $15,000
- Total assets
- $866,862
- +4.5% vs 2023
- Primary geography
- Wisconsin (89% 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 Raabe Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Wels Lutherans for Life Metro Milwaukee Inc ($30K). Together the top 7 received $124K.
Organizations only. It also paid 1 grant to individuals ($9,500), which are not listed by name.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 19 grants of 29 (66%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How Raabe Foundation gives
- Giving fell 50% from 2021 to 2024. Method
- In 2024 it paid out 362% of its IRS minimum distribution (the 5% rule). 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 $134K (2024) to $519K (2023). In 2024 it made 8 grants totaling $134K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Wels Lutherans for Life Metro Milwaukee Inc West Allis, WI | Pregnancy Counseling Center | $30,000 |
| Institutional Ministries Oconomowoc, WI | Unrestricted Charitable Grant | $25,000 |
| Wisconsin Lutheran College Milwaukee, WI | Raabe hope diversity scholarship, raabe family business scholarship, & athletic equipment | $20,000 |
| Friends Network St. Paul, MN | Unrestricted Charitable Grant | $15,000 |
| Kingdom Workers Waukesha, WI | Kingdom Workers Meros Center | $15,000 |
| Kingdom Prep Lutheran High School Wauwatosa, WI | Supporting the Fall Gala | $10,000 |
| 1 grant to individuals Recipients not named | — | $9,500 |
| Wisconsin Evangelical Lutheran Synod Waukesha, WI | Support for Rural Health Centers and Mobil Clinics | $9,131 |
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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 | $866,862 | $261,428 | $142,326 | $133,631 | 8 | $135,678 | $135,277 | $37,467 |
| 2023 | $829,379 | $20,515 | $528,909 | $519,000 | 5 | $521,455 | $7,600 | $43,953 |
| 2022 | $1,329,442 | $393,997 | $527,190 | $495,500 | 6 | $499,000 | $213,294 | $71,103 |
| 2021 | $1,388,975 | $1,117,116 | $272,265 | $268,400 | 6 | $269,400 | $852,430 | $64,847 |
| 2020 | $531,255 | $28,066 | $171,050 | $167,000 | 4 | — | $152,077 | $36,394 |
Under IRS private-foundation payout rules, Raabe Foundation reported a distributable amount of $37K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Raabe Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Daryl K. Raabe
Trustee
On filings since 2020
0.1 hrs/week
No compensation reported
Kent A. Raabe
Trustee
On filings since 2020
0.1 hrs/week
No compensation reported
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 Raabe Foundation
How much does Raabe Foundation give each year?
Raabe Foundation gave $134K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $519K across 5 grants.
What is Raabe Foundation's typical grant size?
Raabe Foundation's median grant in 2024 was $15,000, and its average grant was $16,704, across 8 grants on its 2024 IRS Form 990-PF.
Where does Raabe Foundation give grants?
Raabe Foundation gives mostly in Wisconsin: 89% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Minnesota (11%). The most frequent recipient cities were Waukesha, WI (2 grants).
Does Raabe Foundation give general operating support?
Yes: 25% of Raabe Foundation's 2024 grants with a stated purpose (2 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Raabe Foundation's largest grantees?
Raabe Foundation's largest 2024 grantees include Wels Lutherans for Life Metro Milwaukee Inc ($30,000), Institutional Ministries ($25,000) and Wisconsin Lutheran College ($20,000), according to its 2024 IRS Form 990-PF. It also paid 1 grant to individuals ($9,500), which are not listed by name. Together they received 56% of its itemized 2024 grant dollars.
How large is Raabe Foundation?
Raabe Foundation reported $867K in total assets on its 2024 IRS Form 990-PF. It paid out $136K in qualifying distributions that year, against a required minimum of $37K (roughly 5% of its investment assets).
What is Raabe Foundation's EIN?
Raabe Foundation's EIN (Employer Identification Number) is 39-6589876. 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 November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 7, 2025)
- IRS filings on file for fiscal years 2020–2024
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