First Business Charitable Foundation Inc

Organization Overview

First Business Charitable Foundation Inc is located in Madison, WI. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Business Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, First Business Charitable Foundation Inc generated $165.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $205.7k during the year ending 12/2022. While expenses have increased by 10.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, First Business Charitable Foundation Inc has awarded 224 individual grants totaling $849,347. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Board, Officers & Key Employees

Name (title)Compensation
First Business Bank
Trustee
$2,000
Brendan Freeman
President & Director
$0
Brian Spielmann
Vice President, Treasurer & Director
$0
Pauline Hittesdorf
Secretary
$0
Corey Chambas
Director
$0
Mark Meloy
Director
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $125,855
Interest on Savings $321
Dividends & Interest $28,483
Net Rental Income$0
Net Gain on Sale of Assets $10,943
Capital Gain Net Income $10,943
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $165,602

Grants Awarded

Over the last fiscal year, First Business Charitable Foundation Inc has awarded $201,753 in support to 42 organizations.

Grant RecipientAmount

ST MARY'S FOUNDATION

PURPOSE: GENERAL SUPPORT

$500

FOX CITY PERFORMING ARTS

PURPOSE: GENERAL SUPPORT

$5,000

MADISON COLLEGE FOUNDATION

PURPOSE: GENERAL SUPPORT- PAYMENT 2

$15,000

AMERICAN CANCER SOCIETY INC

PURPOSE: PROGRAM SUPPORT

$4,350

NATIONAL MULTIPLE SCLEROSIS SOCIETY

PURPOSE: GENERAL SUPPORT

$300

RIVER FOOD PANTRY

PURPOSE: FOOD PANTRY

$1,000
View Grant Profile

Peer Organizations

Organization NameAssets
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Chicago, IL
$150,496,278
Lynde And Harry Bradley Foundation Inc
Milwaukee, WI
$146,815,017
United Health Foundation
Eden Prairie, MN
$989,251
Herbert H & Grace A Dow Foundation
Midland, MI
$54,700,097
Dte Energy Foundation
Detroit, MI
$4,503,774
First Midwest Charitable Foundation
Chicago, IL
$15,068,387
Exelon Foundation
Chicago, IL
$15,640,660
Highlands Foundation Inc
Madison, WI
$360,785
Mufg Union Bank Foundation Ag
Milwaukee, WI
$11,267,783
Rockwell Automation Charitable Corporation
Milwaukee, WI
$9,253,245
Gii Charities
Grand Rapids, MI
$5,562,977
Kehe Cares Foundation Inc
Naperville, IL
$9,276,774
The Green Fern Foundation
Minneapolis, MN
$8,489,620
Northern Trust Foundation
Chicago, IL
$7,102,470
G Carl Ball Family Foundation
West Chicago, IL
$1,796,038
Andersen Corporate Foundation
Bayport, MN
-$167,780
Cla Foundation
Minneapolis, MN
$2,022,383
Penske Foundation Inc
Bloomfield Hills, MI
$10,243,924
Kazrus Foundation
Southfield, MI
$2,214,157
Telligen Community Initiative
West Des Moines, IA
$1,140,236
Stepping Stones Of Dunn County Inc
Menomonie, WI
$2,472,761
Wisconsin Public Service Foundation Inc
Green Bay, WI
$2,413,868
Remick Family Foundation
Rochester, MN
$1,145,345
Tischer Creek Duluth Buildingcompany
Duluth, MN
$1,494,579
Greenstate Foundation
North Liberty, IA
$1,603,866

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