Tricord Foundation
Tricord Foundation is a private foundation, based in Madison, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.4M in total assets. In 2024, it awarded 6 grants totaling $480K. Net investment income was $257K.
Tricord Foundation at a glance
In short: Tricord Foundation gave $480K across 6 grants in 2024 (avg $80K), top state Michigan. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $480,001
- +0.0% vs 2023
- Grants made (2024)
- 6
- +0.0% vs 2023
- Average grant
- $80,000
- +0.0% vs 2023
- Median grant
- $97,500
- Total assets
- $3,418,923
- +0.3% vs 2023
- Primary geography
- Michigan (29% 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 Tricord Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was National Christian Foundation ($140K). Together the top 6 received $480K.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 15 grants of 33 (45%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Tricord Foundation gives
- Giving held roughly steady from 2021 to 2024 (+14%). Method
- In 2024 it paid out 274% 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 $390K (2020) to $494K (2022). In 2024 it made 6 grants totaling $480K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Christian Foundation Lansing, MI | For the Unrestricted Use of the Charity | $140,000 |
| The Sportsmens Alliance Foundation Columbus, OH | For the Unrestricted Use of the Charity | $140,000 |
| Vanguard Charitable Endowment Program Southeastern, PA | For the Unrestricted Use of the Charity | $135,000 |
| Kinship Foundation Madison, WI | For the Unrestricted Use of the Charity | $60,000 |
| Servant Leadership Foundation Greenwood Village, CO | For the Unrestricted Use of the Charity | $5,000 |
| Flow Through Contributions from KTC Hedge Products LLC Madison, WI | For the Unrestricted Use of the Charity | $1 |
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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 | $3,418,923 | $300,763 | $513,219 | $480,001 | 6 | $480,026 | $257,374 | $175,281 |
| 2023 | $3,408,615 | $124,248 | $548,862 | $480,001 | 6 | $480,016 | $97,433 | $174,354 |
| 2022 | $3,415,556 | $518,045 | $530,006 | $494,456 | 6 | $494,471 | $428,018 | $179,446 |
| 2021 | $4,564,492 | $1,586,017 | $448,499 | $420,000 | 11 | $420,015 | $201,120 | $187,448 |
| 2020 | $2,222,715 | $302,104 | $415,994 | $390,000 | 4 | — | $277,391 | $145,342 |
Under IRS private-foundation payout rules, Tricord Foundation reported a distributable amount of $175K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Tricord Foundation is led by Marion S. Searle, President on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Marion S. Searle
President
On filings since 2020
1 hr/week
No compensation reported
Michael W. Branham
Director
On filings since 2020
1 hr/week
No compensation reported
S. Gunnar Klarr
Director
On filings since 2020
1 hr/week
No compensation reported
Elizabeth B. Searle
Vice President
On filings since 2020
1 hr/week
No compensation reported
Louise S. Klarr
Vice President
On filings since 2020
1 hr/week
No compensation reported
Ron Bailitz
Secretary & Treasurer
On filings since 2020
1 hr/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 Tricord Foundation
How much does Tricord Foundation give each year?
Tricord Foundation gave $480K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $480K across 6 grants.
What is Tricord Foundation's typical grant size?
Tricord Foundation's median grant in 2024 was $97,500, and its average grant was $80,000, across 6 grants on its 2024 IRS Form 990-PF.
Where does Tricord Foundation give grants?
Tricord Foundation's top state is Michigan, with 29% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Ohio (29%) and Pennsylvania (28%). The most frequent recipient cities were Madison, WI (2 grants).
Does Tricord Foundation give general operating support?
Yes: 100% of Tricord Foundation's 2024 grants with a stated purpose (6 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Tricord Foundation's largest grantees?
Tricord Foundation's largest 2024 grantees include National Christian Foundation ($140,000), The Sportsmens Alliance Foundation ($140,000) and Vanguard Charitable Endowment Program ($135,000), according to its 2024 IRS Form 990-PF. Together they received 86% of its itemized 2024 grant dollars.
How large is Tricord Foundation?
Tricord Foundation reported $3.4M in total assets on its 2024 IRS Form 990-PF. It paid out $480K in qualifying distributions that year, against a required minimum of $175K (roughly 5% of its investment assets).
What is Tricord Foundation's EIN?
Tricord Foundation's EIN (Employer Identification Number) is 36-4198123. 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 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 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 10, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Tricord Foundation's focus areas in our free grants database
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