Racine Community Foundation Inc
The Racine Community Foundation is a community foundation based in Racine, Wisconsin, dedicated to strengthening Racine County through strategic philanthropic support. Established in 1975, the organization has grown to become a major funding source for nonprofit organizations throughout the region. The foundation operates as a 501(c)(3) organization and maintains a well-managed endowment to ensure sustainable grantmaking for generations to come.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$81.6M
+3.5% YoY
Annual Giving
$3.4M
+3.3% YoY
Grant Count
97
+2.1% YoY
Avg Grant Size
$35K
+1.2% YoY
Mission & Focus Areas
Mission: To provide funding to Racine County's hard-working nonprofit organizations by stewarding the endowment to sustain this support for generations.
The foundation focuses its grantmaking across six primary areas:
- Arts & Culture
- Community Development
- Education
- Environment
- Healthcare
- Human Services
Grantmaking
The Racine Community Foundation awards over $3.5 million in grants annually to local nonprofits. In 2024, the foundation distributed $3,824,836 across 654 grants, with the following breakdown by focus area:
Grant Range
s:** Grant amounts range from $6,000 to $189,000, with a median grant of $28,000.
Invitation Only
** The foundation operates a competitive grants process. Organizations must submit a Letter of Intent before applying for grants. The foundation does not accept unsolicited applications; grants are awarded through an invitation-only process.
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Geographic Focus
Where this funder awards grants
The foundation exclusively funds organizations located in Racine County, those providing services to Racine County, or those serving Racine County residents. Priority is given to organizations physically located within the county.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $81,594,304 (2024)
Annual Giving: $3,824,836 (2024)
Total Revenue: $6,122,615 (2024)
Total Expenses: $4,710,322 (2024)
Giving Rate: 4.2% of assets
Staff Size: 3 employees
The foundation maintains a donor-advised fund through which donors can direct the distribution or investment of funds.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $81,594,304 | $78,819,850 | $73,452,695 |
| Revenue | $6,122,615 | $4,540,164 | $4,559,798 |
| Expenses | $4,710,322 | $4,510,997 | $4,206,701 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $4,408,050 | $2,876,913 | $3,134,399 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from Racine Community Foundation Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board of Directors:
- Board Chair: Justus Morgan
- Vice Chair, Donor Development: Ashley Madala
- Vice Chair, Grants: Art Howell
- Vice Chair, Investments: Nicole Farbo
- Vice Chair, Finance/Treasurer: Eric Peterson
- Secretary: Steve Donovan
- Board Members: Jennifer Eastman, Bill Streeter, Kevin Kiesig, Steve Johnson, Wes Walsh, Peter Wyant, Kevin McCabe, Peter Reynolds, Tasha Woods, Michelle Gabor, and Anna Clementi
Staff:
- Liz Powell, President & CEO
- Tracy Middlebrook, Program Officer
- Jim Wheeler, Controller
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHELLE GABOR | BOARD CHAIR | 1 | — |
| STEVE JOHNSON | TREASURER/VICE CHAIR OF FINANCE | 1 | — |
| KEVIN KIESIG | VICE CHAIR OF INVESTMENTS | 1 | — |
| JUSTUS MORGAN | VICE CHAIR OF GRANTS | 1 | — |
| RICHARD RUFFO | VICE CHAIR OF DONOR DEVELOPMENT | 1 | — |
| STEVE DONOVAN | SECRETARY | 1 | — |
| ANNA CLEMENTI | DIRECTOR | 1 | — |
| JENNIFER EASTMAN | DIRECTOR | 1 | — |
| ART HOWELL | DIRECTOR | 1 | — |
| KEVIN MCCABE | DIRECTOR | 1 | — |
| ERIC PETERSON | DIRECTOR | 1 | — |
| CORY SEBASTIAN | DIRECTOR | 1 | — |
| BILL STREETER | DIRECTOR | 1 | — |
| PETER WYANT | DIRECTOR | 1 | — |
| NICOLE FARBO | DIRECTOR (FROM DEC 2024) | 1 | — |
| ASHLEY MADALA | DIRECTOR (FROM DEC 2024) | 1 | — |
| PETER REYNOLDS | DIRECTOR (FROM DEC 2024) | 1 | — |
| ELIZABETH POWELL | PRESIDENT & CEO | 40 | $168,211 |
Recent News & Activity
Recent developments and announcements
The Racine Community Foundation has been active in recent community initiatives, including championing a new downtown Community Oriented Policing (COP) house to strengthen safety and collaboration in downtown Racine. The foundation announced fall 2025 grant awards and continues to accept applications for grants throughout the year. The foundation also manages over 40 scholarship funds established by community donors to support Racine County students pursuing higher education.
Racine Community Foundation announces fall 2025 grant awardsSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Racine Community Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
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