Rath Foundation Inc
Rath Foundation Inc is a private foundation based in Janesville, Wisconsin. Its 2024 grants supported educational institutions and organizations, primarily through education endowments and support for Wisconsin independent colleges and universities.
Rath Foundation Inc at a glance
In short: Rath Foundation Inc gave $1.6M across 10 grants in 2024 (avg $162K), mostly in Wisconsin. 0% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,615,788
- +96.8% vs 2023
- Grants made (2024)
- 10
- +25.0% vs 2023
- Average grant
- $161,579
- +57.4% vs 2023
- Median grant
- $118,210
- Total assets
- $18,689,417
- +4.7% vs 2023
- New grantees (estimate)
- 0% first-time grantees (0 of 10, 2024; small sample)
- Primary geography
- Wisconsin (64% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Rath Foundation Inc
- How to Apply
-
The filing lists Jim Sanger as the contact and says to submit a written application to the foundation’s address; there is no formal application at this time. The filing states that the foundation does not restrict giving to preselected organizations. Awards are restricted to organizations operating exclusively for charitable, scientific, literary, and/or educational purposes.
- Contact
Application contact: Jim Sanger
Mailing address: PO Box 1990, Janesville, WI 53547
Phone: (608) 754-9090
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Rath Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was University of Wisconsin Foundation ($474K). Together the top 10 received $1.6M.
Grant Size Distribution
45 grants across all recorded years
The most common grant size was in the $100–250K range: 14 grants of 45 (31%).
Geographic Focus
Where this funder awards grants
In 2024, grant dollars went to recipients in Wisconsin (64%), Oklahoma (21%), Illinois (13%), and California (3%).
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
Cities
Is Rath Foundation Inc open to new grantees?
0%
first-time grantees, 2024
In 2024, 0 of 10 grantees (0%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. How we count
- 80% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+8%). Method
- In 2024 it paid out 191% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $821K (2023) to $2.8M (2022). In 2024 it made 10 grants totaling $1.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Wisconsin Foundation Madison, WI | Education Endowment | $474,178 |
| University of Oklahoma Norman, OK | Education Endowment | $341,974 |
| Wisconsin Association of Independent Colleges and Universities Madison, WI | Support for development of independent colleges & universities in Wisconsin | $221,100 |
| University of Chicago Chicago, IL | Education Endowment | $205,184 |
| Medical College of Wisconsin Milwaukee, WI | Education Endowment | $157,943 |
| University of Wisconsin-Milwaukee Foundation Milwaukee, WI | Education Endowment | $78,477 |
| USC Marshall School of Business Los Angeles, CA | Education Endowment | $42,106 |
| University of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | Education Endowment | $31,688 |
| Stout University Foundation Menomonie, WI | Education Endowment | $31,644 |
| University of Wisconsin-Whitewater Foundation Inc Whitewater, WI | Education Endowment | $31,494 |
Ready to take the next step with Rath Foundation Inc?
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 | $18,689,417 | $1,636,294 | $1,967,394 | $1,615,788 | 10 | $1,697,797 | $1,369,434 | $890,613 |
| 2023 | $17,842,939 | $1,312,871 | $1,160,461 | $821,113 | 8 | $901,220 | $1,064,453 | $793,996 |
| 2022 | $15,960,607 | $1,860,235 | $3,050,695 | $2,767,641 | 10 | $2,960,792 | $1,793,502 | $879,474 |
| 2021 | $23,226,365 | $3,295,339 | $1,758,868 | $1,500,048 | 10 | $1,552,942 | $3,133,619 | $1,057,229 |
| 2020 | $21,283,527 | $1,393,543 | $1,428,856 | $1,195,073 | 7 | — | $1,230,489 | $887,026 |
Under IRS private-foundation payout rules, Rath Foundation Inc reported a distributable amount of $891K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s filing states that it is organized and operates exclusively for charitable, scientific, literary, and/or educational purposes. Its 2024 grants included education endowments at universities and colleges, as well as support for the development of independent colleges and universities in Wisconsin.
The University of Wisconsin Foundation describes its mission as advancing the objectives of the University of Wisconsin–Madison by encouraging interest, engagement, and financial support from alumni, donors, and friends. The University of Chicago describes its mission as communicating and creating knowledge and fostering a dynamic community of scholars and students.
Grantmaking
In 2024, the foundation made 10 grants totaling $1,615,788. Awards ranged from $31,494 to $474,178, with a median grant of $118,210.
The largest awards included $474,178 to the University of Wisconsin Foundation for an education endowment; $341,974 to the University of Oklahoma for an education endowment; $221,100 to the Wisconsin Association of Independent Colleges and Universities for support for the development of independent colleges and universities in Wisconsin; and $205,184 to the University of Chicago for an education endowment. The Medical College of Wisconsin received $157,943 for an education endowment.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists James R. Sanger as vice president and treasurer; Kate M. Fleming as president and secretary; Robert Dodson and Kara Sanger-Johnson as vice presidents; and Timothy G. Schally as assistant secretary.
Rath Foundation Inc is led by Kate M. Fleming, President & Secretary on every filing since 2020; 4 of 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
Kate M. Fleming
President & Secretary
On filings since 2020
15 hrs/week
$58K (2020) → $100K (2024)
James R. Sanger
Vice President & Treasurer
On filings since 2020
2 hrs/week
$58K (2020) → $58K (2024)
Robert Dodson
Vice President
On filings since 2020
2 hrs/week
$58K (2020) → $58K (2024)
Kara Sanger-Johnson
Vice President
On filings since 2023
2 hrs/week
$58K (2023) → $58K (2024)
Timothy G. Schally
Assistant Secretary
On filings since 2020
2 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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $100K, to Kate M Fleming (President and Secretary). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Rath Foundation Inc
How much does Rath Foundation Inc give each year?
Rath Foundation Inc gave $1.6M across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $821K across 8 grants.
What is Rath Foundation Inc's typical grant size?
Rath Foundation Inc's median grant in 2024 was $118,210, and its average grant was $161,579, across 10 grants on its 2024 IRS Form 990-PF.
Where does Rath Foundation Inc give grants?
Rath Foundation Inc gives mostly in Wisconsin: 64% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Oklahoma (21%) and Illinois (13%). The most frequent recipient cities were Madison, WI (2 grants) and Milwaukee, WI (2 grants).
Does Rath Foundation Inc give general operating support?
Not in 2024: none of the 10 grants with a stated purpose on Rath Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education Endowment" (9 grants).
Who are Rath Foundation Inc's largest grantees?
Rath Foundation Inc's largest 2024 grantees include University of Wisconsin Foundation ($474,178), University of Oklahoma ($341,974) and Wisconsin Association of Independent Colleges and Universities ($221,100), according to its 2024 IRS Form 990-PF. Together they received 64% of its itemized 2024 grant dollars.
How large is Rath Foundation Inc?
Rath Foundation Inc reported $18.7M in total assets on its 2024 IRS Form 990-PF. It paid out $1.7M in qualifying distributions that year, against a required minimum of $891K (roughly 5% of its investment assets).
What does Rath Foundation Inc fund?
The foundation’s filing states that it is organized and operates exclusively for charitable, scientific, literary, and/or educational purposes. See mission & focus areas ↑
How do I apply for a grant from Rath Foundation Inc?
The filing lists Jim Sanger as the contact and says to submit a written application to the foundation’s address; there is no formal application at this time. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Rath Foundation Inc's EIN?
Rath Foundation Inc's EIN (Employer Identification Number) is 39-1657654. 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. Research dossier generated September 2026.
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 September 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 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
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Cite this profile
Grantable. (2026). Rath Foundation Inc funder profile. GrantGraph. Retrieved October 18, 2026, from https://grantable.co/funders/rath-foundation-inc-morg_ce3ea8581ad646959d816d3e83d67fd2
BibTeX
@misc{grantable_391657654_2026,
author = {{Grantable}},
title = {{Rath Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/rath-foundation-inc-morg_ce3ea8581ad646959d816d3e83d67fd2},
note = {Accessed 2026-10-18. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Rath Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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