William E Mcelroy Charitable Foundation
The William E McElroy Charitable Foundation is an independent private foundation established in 1994 and based in Milwaukee, Wisconsin. The foundation operates with limited staffing and focuses its philanthropic efforts on education and scholarship support.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$3.4M
+3.9% YoY
Annual Giving
$194K
+6.8% YoY
Grant Count
14
+0.0% YoY
Avg Grant Size
$14K
+6.8% YoY
Under IRS private-foundation payout rules, William E Mcelroy Charitable Foundation reported a distributable amount of $185K for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary purpose is providing scholarships and educational support to boys graduating from high schools in Sangamon County, Illinois. Specifically, the foundation awards grants to male high school graduates from the region who meet a minimum academic achievement threshold of 3.5 on a 4.0 scale (or 4.5 on a 5.0 scale).
Grantmaking
Grant Range
$9,100
Review Cycle
- Prospective applicants should contact the foundation directly for inquiries
How to Apply
**
Ready to take the next step with William E Mcelroy Charitable Foundation?
Geographic Focus
Where this funder awards grants
The foundation restricts its grantmaking to boys graduating from high schools in Sangamon County, Illinois.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $3.9 million
- Tax-Exempt Status: Since November 1993
- EIN: 37-6306920
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,381,395 | $3,254,788 | $3,281,783 |
| Revenue | $382,282 | $211,233 | $101,752 |
| Expenses | $255,665 | $238,230 | $219,251 |
| Qualifying Distributions | $201,313 | $188,789 | $174,431 |
| Net Investment Income | $331,532 | $162,037 | $49,428 |
| Distributable Amount | $185,041 | $175,800 | $166,934 |
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 2025
Grant Size Distribution
81 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Siu School of Medicine ($48,900), Siu Carbondale ($25,000), University of Illinois Chicago ($24,554).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF ILLINOIS CHICAGO CHICAGO, IL | SCHOLARSHIP | $4,625 |
| SIU EDWARDSVILLE EDWARDSVILLE, IL | SCHOLARSHIPS | $13,625 |
| UNIVERSITY OF ILLINOIS CHICAGO CHICAGO, IL | SCHOLARSHIP | $24,554 |
| LOYOLA UNIVERSITY CHICAGO CHICAGO, IL | SCHOLARSHIP | $9,125 |
| UNIVERSITY OF ILLINOIS COLLEGE OF MED PEORIA, IL | SCHOLARSHIP | $21,000 |
| SIU SCHOOL OF MEDICINE SPRINGFIELD, IL | SCHOLARSHIP | $48,900 |
| NOVA SOUTHEASTERN UNIVERSITY FORT LAUDERDALE, FL | SCHOLARSHIP | $7,425 |
| MARION UNIVERSITY INDIANAPOLIS, IN | SCHOLARSHIP | $9,125 |
| AUGUSTANA COLLEGE ROCK ISLAND, IL | SCHOLARSHIP | $900 |
| BRADLEY UNIVERSITY PEORIA, IL | SCHOLARSHIP | $9,125 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Mary Jo Janssen — Vice President (1 hour per week, no compensation reported)
- US Bank N.A. — Trustee (1 hour per week, $54,000 annual compensation)
Contact information:
- Mary Jo Janssen, U.S. Bank
- PO Box 19264
- Springfield, IL 62794
- (217) 753-7362
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY JO JANSSEN | VICE PRESIDENT | 1 | — |
| US BANK N A | TRUSTEE | 1 | $54,442 |
Frequently Asked Questions
What does William E Mcelroy Charitable Foundation fund?
The foundation's primary purpose is providing scholarships and educational support to boys graduating from high schools in Sangamon County, Illinois. Specifically, the foundation awards grants to male high school graduates from the region who meet a minimum academic achievement threshold of 3.5 on a 4.0 scale (or 4.5 on a 5.0 scale).
How do I apply for a grant from William E Mcelroy Charitable Foundation?
**Grant Activity:** • The foundation made 14 grants in its most recent fiscal year • Median grant size: $9,100 • Grant range: $900 to $49,000 **Application Process:** • No formal application deadlines • Prospective applicants should contact the foundation directly for inquiries • The foundation indicates it is possibly open to applications
Where does William E Mcelroy Charitable Foundation make grants?
The foundation restricts its grantmaking to boys graduating from high schools in Sangamon County, Illinois.
What size grants does William E Mcelroy Charitable Foundation award?
In 2025, William E Mcelroy Charitable Foundation awarded 14 grants totaling $194K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is William E Mcelroy Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, William E Mcelroy Charitable Foundation reported a distributable amount of $185K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is William E Mcelroy Charitable Foundation's EIN?
William E Mcelroy Charitable Foundation's EIN (Employer Identification Number) is 37-6306920. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in William E Mcelroy Charitable Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Otto Weisse Tr-sheb Falls
MILWAUKEE, WI
Assets
—
Grants
1
Total Given
$9K
Hematologyoncology Pharmacy Association
MILWAUKEE, WI
Assets
$10.0M
Grants
3
Total Given
$108K
Grafton Medical Foundation
GRAFTON, WI
Assets
$86K
Grants
6
Total Given
$9K
The Argosy Foundation
MILWAUKEE, WI
Assets
$74.0M
Grants
280
Total Given
$16.9M
Farview Foundation
MILWAUKEE, WI
Assets
$2.1M
Grants
32
Total Given
$218K
Isaiah Goodall Trust Nect
MILWAUKEE, WI
Assets
$141K
Grants
1
Total Given
$7K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with William E Mcelroy Charitable Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching William E Mcelroy Charitable Foundation to a real strategy.