Rite-Hite Corporation Foundation Inc

The information for Rite-Hite Corporation Foundation Inc is as of the organization's most recent filing in December '21. This organization is located in Milwaukee, WI. It has been in existence for 36 years, following its founding in 1985.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Rite-Hite Corporation Foundation Inc's NTEE code is T20. This means that the organization is classified as a Philanthropy, Voluntarism & Grantmaking Foundation. As a Private Grantmaking Foundation, the Rite-Hite Corporation Foundation Inc is a nongovernmental, nonprofit organization with funds and programs managed by its own trustees or directors. It is established to maintain or aid social, educational, religious, or other charitable activities serving the common welfare, primarily through grantmaking. Additionally, the organization is classified as a 501(c)(3) organization according to the Internal Revenue Code, indicating that it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Grant History

Our dataset includes six years of grant history for the Rite-Hite Corporation Foundation Inc. Over the course of those six years, they have awarded a total of 422 grants, with an average check size of $13,261. The organization has a high average number of grants awarded each year, with an average of 70 grants. The Rite-Hite Corporation Foundation Inc. awards grants in a variety of sectors, with the highest number of grants awarded in the Human Services sector (38), followed closely by Health Care (36) and Arts, Culture & Humanities (34). In terms of geographical distribution, the organization primarily awards grants in Wisconsin (286), with smaller numbers of grants awarded in states such as Colorado (24), Arizona (23), and California (16), among others.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $377,910
Interest on Savings $0
Dividends & Interest $219,526
Net Rental Income$0
Net Gain on Sale of Assets $274,678
Capital Gain Net Income $274,678
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $872,114

Grants Awarded

Over the last fiscal year, Rite-Hite Corporation Foundation Inc has awarded $647,450 in support to 66 organizations.

Grant RecipientAmount

FLORENTINE OPERA CO INC

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: THE RITE-HITE FOUNDATION MAKES CONTRIBUTIONS FOR THE GENERAL CHARITABLE ACTIVITIES OF THE RECIPIENTS LISTED. THE FOUNDATION HAS NOT DESIGNATED THESE CONTRIBUTIONS FOR SPECIFIC PURPOSES.

$309,500

WISCONSIN INSTITUTE FOR LAW AND LIBERTY

PURPOSE: THE RITE-HITE FOUNDATION MAKES CONTRIBUTIONS FOR THE GENERAL CHARITABLE ACTIVITIES OF THE RECIPIENTS LISTED. THE FOUNDATION HAS NOT DESIGNATED THESE CONTRIBUTIONS FOR SPECIFIC PURPOSES.

$122,000

Milwaukee, WI

PURPOSE: THE RITE-HITE FOUNDATION MAKES CONTRIBUTIONS FOR THE GENERAL CHARITABLE ACTIVITIES OF THE RECIPIENTS LISTED. THE FOUNDATION HAS NOT DESIGNATED THESE CONTRIBUTIONS FOR SPECIFIC PURPOSES.

$25,000

PENFIELD CHILDREN'S CENTER

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: THE RITE-HITE FOUNDATION MAKES CONTRIBUTIONS FOR THE GENERAL CHARITABLE ACTIVITIES OF THE RECIPIENTS LISTED. THE FOUNDATION HAS NOT DESIGNATED THESE CONTRIBUTIONS FOR SPECIFIC PURPOSES.

$24,250

UNITED WAY OF GREATER MILWAUKEE - COVID-19 FUND

PURPOSE: THE RITE-HITE FOUNDATION MAKES CONTRIBUTIONS FOR THE GENERAL CHARITABLE ACTIVITIES OF THE RECIPIENTS LISTED. THE FOUNDATION HAS NOT DESIGNATED THESE CONTRIBUTIONS FOR SPECIFIC PURPOSES.

$12,000

UNITED WAY OF DUBUQUE

PURPOSE: THE RITE-HITE FOUNDATION MAKES CONTRIBUTIONS FOR THE GENERAL CHARITABLE ACTIVITIES OF THE RECIPIENTS LISTED. THE FOUNDATION HAS NOT DESIGNATED THESE CONTRIBUTIONS FOR SPECIFIC PURPOSES.

$12,000
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