Will Family Foundation Inc
Will Family Foundation Inc is a private foundation, based in Watertown, WI. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $142K in total assets. In 2025, it awarded 9 grants totaling $9K.
Will Family Foundation Inc at a glance
In short: Will Family Foundation Inc gave $9K across 9 grants in 2025 (avg $944.444), mostly in Wisconsin. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $8,500
- +13.3% vs 2024
- Grants made (2025)
- 9
- +0.0% vs 2024
- Average grant
- $944
- +13.3% vs 2024
- Median grant
- $750
- Total assets
- $141,689
- +5.6% vs 2024
- Primary geography
- Wisconsin (74% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Will Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Will Family Scholarship ($3K across 2 grants). Together the top 8 received $9K.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 34 grants of 34 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How Will Family Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+13%). Method
- In 2025 it paid out 102% 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 2025, annual grant giving ranged from $7K (2020) to $9K (2025). In 2025 it made 9 grants totaling $9K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Aurora Central Catholic School Aurora, IL | General Funds | $1,500 |
| Will Family Scholarship Hustisford, WI | General Funds | $1,500 |
| Will Family Scholarship Hustisford, WI | General Funds | $1,500 |
| Hustisford Community Hall Hustisford, WI | General Funds | $1,000 |
| St Judes Childrens Hospital Memphis, TN | General Funds | $750 |
| Watertown Food Pantry Watertown, WI | General Funds | $750 |
| Educational Foundation of Watertown Watertown, WI | General Funds | $500 |
| The Gosling Nest Watertown, WI | General Funds | $500 |
| Pave Beaver Dam, WI | General Funds | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $141,689 | $18,760 | $11,289 | $8,500 | 9 | $8,500 | $8,373 |
| 2024 | $134,218 | $16,473 | $9,859 | $7,500 | 9 | $7,500 | $7,303 |
| 2023 | $126,615 | $-2,069 | $9,384 | $7,500 | 8 | $7,500 | $6,433 |
| 2022 | $138,068 | $-19,233 | $9,581 | $7,500 | 8 | $7,500 | $7,205 |
| 2020 | $136,348 | $10,940 | $7,564 | $6,500 | 12 | — | $7,579 |
Under IRS private-foundation payout rules, Will Family Foundation Inc reported a distributable amount of $8K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Will Family Foundation Inc is led by Diane Falkenthal, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Diane Falkenthal
President
On filings since 2020
No compensation reported
Carrie Will
Treasurer
On filings since 2020
No compensation reported
Lisa Fitzgerald
Vice President
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Will Family Foundation Inc
How much does Will Family Foundation Inc give each year?
Will Family Foundation Inc gave $9K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $8K across 9 grants.
What is Will Family Foundation Inc's typical grant size?
Will Family Foundation Inc's median grant in 2025 was $750, and its average grant was $944, across 9 grants on its 2025 IRS Form 990-PF.
Where does Will Family Foundation Inc give grants?
Will Family Foundation Inc gives mostly in Wisconsin: 74% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Illinois (18%) and Tennessee (9%). The most frequent recipient cities were Hustisford, WI (3 grants) and Watertown, WI (3 grants).
Does Will Family Foundation Inc give general operating support?
Yes: 100% of Will Family Foundation Inc's 2025 grants with a stated purpose (9 of 9) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Will Family Foundation Inc's largest grantees?
Will Family Foundation Inc's largest 2025 grantees include Will Family Scholarship ($3,000 across 2 grants), Aurora Central Catholic School ($1,500) and Hustisford Community Hall ($1,000), according to its 2025 IRS Form 990-PF. Together they received 65% of its itemized 2025 grant dollars.
How large is Will Family Foundation Inc?
Will Family Foundation Inc reported $142K in total assets on its 2025 IRS Form 990-PF. It paid out $9K in qualifying distributions that year, against a required minimum of $8K (roughly 5% of its investment assets).
What is Will Family Foundation Inc's EIN?
Will Family Foundation Inc's EIN (Employer Identification Number) is 39-1950401. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 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 May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Will Family Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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