WPS Charitable Foundation Inc is a private charitable foundation based in Monona, Wisconsin. Formerly known as the Ray Koenig Charitable Foundation, it was established in 1986 to honor Ray Koenig, WPS' first president. The foundation is committed to supporting local organizations and advancing community-focused initiatives through strategic partnerships with nonprofits.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$280K
+6.1% YoY
Grant Count
36
-12.2% YoY
Avg Grant Size
$8K
+20.8% YoY
Mission & Focus Areas
The foundation is dedicated to making an impact in its neighborhood by prioritizing opportunities where its core focus areas intersect:
- Dignity in Aging: Addressing disparities in elder care and helping seniors access essential services, maintain independence, and enhance their quality of life
- Improving Veteran's Mental Health: Prioritizing access to resources for veterans and underserved communities, including counseling, peer support, and wellness initiatives
- Educational Access for All: Empowering people of all ages to reach their full potential by breaking down barriers to education and creating pathways to opportunity, including the Ray Koenig Memorial Scholarship for children of WPS employees
The foundation also supports health and wellness initiatives, particularly for women and children, and serves underserved populations.
Grantmaking
The foundation's giving process begins with curiosity, grounded in research and a commitment to listening to nonprofit leaders who understand their communities.
Grant Range
**: $500 to $100,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Wisconsin, with some giving extending to Virginia and Illinois. Recent grants have supported nonprofits across Wisconsin, including organizations in Madison, Monona, Green Bay, and other communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Filing: 2024
- Total Assets: $1,457,149
- Total Giving: $287,912
- Total Revenue: $163,595
- Total Expenses: $301,129
- Giving Rate: 18.9%
| 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
220 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include United Way of Dane County ($100,000), Boulder Crest Foundation ($20,000), Mental Health America Inc ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| East Tennessee State University Johnson City, TN | Financial support of students | $2,500 |
| John A Logan College Carterville, IL | Financial support of students | $2,500 |
| Madison Area Technical College Madison, WI | Financial support of students | $5,000 |
| Mercer University Macon, GA | Financial support of students | $2,500 |
| Milwaukee School of Engineering Milwaukee, WI | Financial support of students | $2,500 |
| Northcentral Technical College Wausau, WI | Financial support of students | $2,500 |
| Southern Illinois University Carbondale, IL | Financial support of students | $2,500 |
| University of Illinois Springfield, IL | Financial support of students | $2,500 |
| University of Nebraska Lincoln Lincoln, NE | Financial support of students | $2,500 |
| University of Nebraska Omaha Omaha, NE | Financial support of students | $2,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Kristine Euclide: Board Chair (1 hour per week)
- Wendy Perkins: President (1 hour per week)
- Vicki Bernards: Secretary & Treasurer (1 hour per week)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Wendy Perkins | President | 1 | — |
| Vicki Bernards | Secretary & Treasurer | 1 | — |
| Kristine Euclide | Board Chair | 1 | — |
Recent News & Activity
Recent developments and announcements
**2025 Scholarship Awards**: The foundation awarded scholarships to 15 students across the country as 2025 recipients of the Ray Koenig Memorial Scholarship, supporting education for children of WPS employees.
WPS Charitable Foundation awards scholarships for 2025**2025 Annual Awards**: The foundation distributed $250,000 in annual awards to support Wisconsin nonprofits, advancing community-focused initiatives through partnerships with 37 nonprofits. These grants support critical services including meal programs for children at school, free mental health counseling for veterans, and yard work assistance for seniors.
WPS Charitable Foundation Supports Wisconsin Nonprofits with $250,000 in**Stand Down Madison Support**: The foundation provided support to Stand Down Madison, a nonprofit dedicated to serving veterans experiencing or at risk of homelessness, with an annual day of relief scheduled for October 25, 2025.
WPS Charitable Foundation Supports Wisconsin Nonprofits with $250,000 in**2021 Giving**: The WPS Charitable Foundation contributed $246,200 in 2021, in addition to corporate giving of $198,259 from WPS Health Solutions, supporting organizations focused on health and wellness of women and children, seniors, military and veterans, and underserved populations.
WPS Charitable Foundation Supports Wisconsin Nonprofits with $250,000 inSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Wps Charitable Foundation Inc fund?
The foundation is dedicated to making an impact in its neighborhood by prioritizing opportunities where its core focus areas intersect: • **Dignity in Aging**: Addressing disparities in elder care and helping seniors access essential services, maintain independence, and enhance their quality of life • **Improving Veteran's Mental Health**: Prioritizing access to resources for veterans and underserved communities, including counseling, peer support, and wellness initiatives • **Educational Acces…
How do I apply for a grant from Wps Charitable Foundation Inc?
**Grant Range**: $500 to $100,000 **Median Grant Amount**: $5,598 **Total Grants Awarded**: 104 grants (most recent filing 2024) **Grant Programs**: • Financial support of students: $1,643 average, 40 recipients (last awarded 2024) • Underserved populations: $5,598 average, 18 recipients (last awarded 2024) • Health and wellness: $6,641 average, 14 recipients (last awarded 2024) • Military veterans: $7,964 average, 12 recipients (last awarded 2024) • Local initiatives: $2,300 average, 9 recipie…
Where does Wps Charitable Foundation Inc make grants?
The foundation primarily funds organizations in Wisconsin, with some giving extending to Virginia and Illinois. Recent grants have supported nonprofits across Wisconsin, including organizations in Madison, Monona, Green Bay, and other communities.
What size grants does Wps Charitable Foundation Inc award?
In 2024, Wps Charitable Foundation Inc awarded 36 grants totaling $280K — an average of about $8K per grant, based on its IRS Form 990 filings.
What is Wps Charitable Foundation Inc's EIN?
Wps Charitable Foundation Inc's EIN (Employer Identification Number) is 39-1568111. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Wps Charitable 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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