RCU Foundation Inc is a corporate foundation of Royal Credit Union, based in Eau Claire, Wisconsin. Since its establishment in 2012, the foundation has distributed more than $12 million to support organizations and initiatives in the communities served by Royal Credit Union. The foundation operates as a 501(c)(3) nonprofit organization.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$1.3M
+56.1% YoY
Grant Count
14
-6.7% YoY
Avg Grant Size
$92K
+67.2% YoY
Mission & Focus Areas
Mission: To create a positive impact in the lives we touch.
The RCU Foundation primarily funds capital projects in three focus areas:
- Education
- Arts
- Health
The foundation also organizes and supports community-building events, including Rock the Riverfront (featuring the Charity Classic) and the Prairie Burn Festival (co-hosted with the Twin Cities YMCA, with proceeds benefiting YMCA camp endowments).
Grantmaking
| Deadline | Decision Timeframe |
Review Cycle
| Decision Timeframe |
How to Apply
** The foundation reviews applications twice annually on the following schedule:
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Geographic Focus
Where this funder awards grants
The foundation awards grants to organizations in communities served by Royal Credit Union, with emphasis on:
- Western Wisconsin
- Eastern Minnesota
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $6,865,749
- Total Revenues: $2,208,930
- Total Expenses: $1,107,968
- Total Giving: $1,287,000
As of 2023:
- Total Assets: $5,981,736
- Total Revenues: $2,119,453
- Total Expenses: $936,293
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| 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
65 grants across all recorded years
Open Grants
1 open opportunity from Rcu Foundation Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Children's Museum of Eau Claire ($230,000), Operation Help ($150,000), Tree Trust ($150,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FRIENDS OF WILLOW RIVER-KINNICKINNNIC STATE PARKS HUDSON, WI | NEW NATURE CENTER | $50,000 |
| CVTC FOUNDATION EAU CLAIRE, WI | NEW BUILDING | $20,000 |
| OPERATION HELP HUDSON, WI | CONFERENCE ROOM | $150,000 |
| NEWTRAX INC WHITE BEAR LAKE, MN | PURCHASE BUSES | $72,000 |
| TREE TRUST ST PAUL, MN | VAN PURCHASE PROJECT | $150,000 |
| WISCONSIN FARMERS UNION FOUNDATION CHIPPEWA FALLS, WI | BUILDING RENOVATION | $150,000 |
| CHILDREN'S MUSEUM OF EAU CLAIRE EAU CLAIRE, WI | NEW LOCATION AND BUILDING | $230,000 |
| CHIPPEWA HUMANE ASSOCIATION CHIPPEWA FALLS, WI | GENERAL DONATION (RTRF) | $15,000 |
| EAU CLAIRE COUNTY HUMANE ASSOCIATION EAU CLAIRE, WI | GENERAL DONATION (RTRF) | $10,000 |
| DUNN COUNTY HISTORICAL SOCIETY MENOMONIE, WI | GENERAL DONATION (RTRF) | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Principal Officer: Brandon Riechers
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN SACKETT | CHAIR | 1 | — |
| TOM HUFFCUTT | SECRETARY | 1 | — |
| BRANDON RIECHERS | TREASURER | 1 | — |
| DOUGLAS OLSON | DIRECTOR | 1 | — |
| ANNIE BROSE | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
In 2024, the RCU Foundation celebrated significant community impact through its grantmaking. Notable recent activities include:
RCU Foundation Announces $250,000 Gift to the New Richmond Community LibraryA $110,000 gift to the D.R. Moon Memorial Public Library in Stanley, Wisconsin, supporting an expansion and renovation project that will preserve the historic building (listed on the National Register of Historic Places) while improving accessibility and safety.
A $150,000 contribution to the St. Croix Valley Food Bank for construction of a new warehouse and community volunteer center in Hudson, Wisconsin, designed to increase the organization's capacity to serve the community.
Rock the Riverfront featuring the Charity Classic marked its 30th anniversary in 2024, with the foundation donating $30,000 to three local animal rescue organizations.
A $250,000 gift announced to the New Richmond Community Library.
RCU Foundation Announces $250,000 Gift to the New Richmond Community LibraryThe foundation continues to accept grant requests and maintains an active grantmaking cycle with two annual review periods.
Royal Credit Union Foundation announces new grant review cycleContact Information
Phone: 800-341-9911
Email: foundation@rcu.org
Address: 200 Riverfront Terrace, Eau Claire, WI 54703-6312
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Rcu Foundation Inc fund?
**Mission:** To create a positive impact in the lives we touch. The RCU Foundation primarily funds capital projects in three focus areas: • **Education** • **Arts** • **Health** The foundation also organizes and supports community-building events, including Rock the Riverfront (featuring the Charity Classic) and the Prairie Burn Festival (co-hosted with the Twin Cities YMCA, with proceeds benefiting YMCA camp endowments).
How do I apply for a grant from Rcu Foundation Inc?
**Grant Amounts:** Typical awards range from $4,390 to $400,000. **Application Process:** The foundation reviews applications twice annually on the following schedule: | Deadline | Decision Timeframe | |----------|-------------------| | March 1 | June | | September 1 | December | **Evaluation Criteria:** Requests are evaluated based on: • Demonstrated need and community benefit • Geographic focus on areas Royal Credit Union serves, especially near office locations • Significance and impact, par…
Where does Rcu Foundation Inc make grants?
The foundation awards grants to organizations in communities served by Royal Credit Union, with emphasis on: • Western Wisconsin • Eastern Minnesota
What size grants does Rcu Foundation Inc award?
In 2024, Rcu Foundation Inc awarded 14 grants totaling $1.3M — an average of about $92K per grant, based on its IRS Form 990 filings.
What is Rcu Foundation Inc's EIN?
Rcu Foundation Inc's EIN (Employer Identification Number) is 46-1588898. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Rcu Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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