The 1923 Fund concentrates on large, unrestricted operating support, primarily to public higher-education institutions and a handful of community nonprofits. While based in Milwaukee, its largest beneficiaries include the University of Florida and University of Wisconsin campuses, alongside targeted support for health care, domestic violence services, and a local museum, suggesting donor ties to specific institutions rather than broad grantmaking across many small organizations.
Highly concentrated: a small number of very large grants (multi-six-figure to seven-figure), often repeat or duplicate grants to the same universities, with a preference for unrestricted/general operating support rather than program-specific funding.
A defining feature of 1923 Fund is the size of its unrestricted operating grants: its recent awards include seven-figure support for the University of Florida Foundation and the University of Wisconsin Green Bay, alongside repeated six-figure gifts to public universities and community institutions. The fund’s giving is built around organizational sustainability rather than project-restricted funding, with general operating support appearing across higher education, health care, domestic violence services, conservation, and cultural heritage. Public universities are a major throughline. The University of Florida Foundation received multiple large grants across 2024 and 2025, while University of Wisconsin campuses in Green Bay, Milwaukee, and Madison also appear among the fund’s larger recipients. That pattern suggests sustained institutional support rather than one-off program bets. Beyond higher education, 1923 Fund has backed Hshs St Vincent Hospital, Peaceful Paths Domestic Abuse Network, and the National Railroad Museum, indicating attention to core operating needs for organizations serving different parts of the community.
Higher education is the clearest theme in 1923 Fund’s recent giving. It gave $1,634,826 to University of Florida Foundation for general operating support and $1,190,515 to University of Wisconsin Green Bay for the same purpose. The same pattern appears in earlier awards to University of Wisconsin in Milwaukee and Madison, as well as to University of Florida and University of Florida Foundation Inc. Community-serving organizations also receive operating support. The fund gave $500,000 to Hshs St Vincent Hospital and $400,000 to Peaceful Paths Domestic Abuse Network, both as general operating grants. Environmental and land-conservation work appears through grants to Alachua Conservation Trust Incorporated, Alachua Conservation Trust, and Florida Springs Institute. Cultural and heritage institutions are another strand, including National Railroad Museum Inc and Door County Maritime Museum.
Typical grants cluster at the six-figure level: the p25 is $83,000, the median is $100,000, and the p75 is $200,000. The distribution shows a mix of larger institutional awards and a long tail of smaller operating grants, but the common thread is unrestricted support. The same recipients can appear in multiple years: University of Florida Foundation, University of Wisconsin Green Bay, Weill Cornell Medicine, and the National Railroad Museum all show repeated awards across 2023-2025. 1923 Fund is classified as a Regular Funder, and its grantmaking here is consistent with general operating support rather than project-specific funding.
$5.9M
$86.1M
$25.8M
$7.1M
Most grants fall between $83K and $200K, with a median of $100K.
25th Percentile
$83K
Median
$100K
75th Percentile
$200K
About 62% of grants go to recipients in DC.
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Notable grantees: University of Florida Foundation / University of Florida, University of Wisconsin — Green Bay, University of Wisconsin (system campus), HSHS St. Vincent Hospital, Peaceful Paths Domestic Abuse Network
Most grants land in the United States, with 51 grants to U.S. recipients. Wisconsin and Florida dominate the recipient map, especially Green Bay, Gainesville, Sturgeon Bay, and Milwaukee. Green Bay appears repeatedly through awards to University of Wisconsin Green Bay, Hshs St Vincent Hospital, National Railroad Museum Inc, Boys and Girls Clubs of the Bay and Lakes Region, and Baird Creek Preservation Foundation. Gainesville is another frequent destination, anchored by University of Florida Foundation, Peaceful Paths Domestic Abuse Network, Alachua Conservation Trust, and Florida Springs Institute. Outside those hubs, recipient locations include New York, Everett, Alexandria, and Fish Creek.
Its recent awards are largely unrestricted general operating grants. The typical grant size is $83,000 at the 25th percentile, $100,000 at the median, and $200,000 at the 75th percentile, with several larger gifts to public universities and other institutions.
Higher education is the strongest theme, especially public universities. The fund also supports health care, domestic violence services, conservation, and cultural heritage organizations through operating grants.
Yes. University of Florida Foundation, University of Wisconsin Green Bay, Weill Cornell Medicine, and the National Railroad Museum each appear in multiple years, showing repeated support rather than isolated one-time awards.
Its recipient map is concentrated in the United States, with 51 grants to U.S. organizations. Wisconsin and Florida are the most visible states in the recent grants list, with frequent recipient cities including Green Bay, Gainesville, Sturgeon Bay, and Milwaukee.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| UNIVERSITY OF FLORIDA FOUNDATION | GAINSVILLE, FL | $1,634,826 | 2025 | GENERAL OPERATING |
| UNIVERSITY OF WISCONSIN GREEN BAY | GREEN BAY, WI | $1,190,515 | 2025 | GENERAL OPERATING |
| HSHS ST VINCENT HOSPITAL | GREEN BAY, WI | $500,000 | 2025 | GENERAL OPERATING |
| NATIONAL RAILROAD MUSEUM INC | GREEN BAY, WI | $500,000 | 2025 | GENERAL OPERATING |
| PEACEFUL PATHS DOMESTIC ABUSE NETWORK | GAINEVILLE, FL | $400,000 | 2025 | GENERAL OPERATING |
| BOYS AND GIRLS CLUBS OF THE BAY AND LAKES REGION | GREEN BAY, WI | $200,000 | 2025 | GENERAL OPERATING |
| ALACHUA CONSERVATION TRUST | GAINESVILLE, FL | $200,000 | 2025 | GENERAL OPERATING |
| TOWN OF GIBRALTAR | FISH CREEK, WI | $175,000 | 2025 | GENERAL OPERATING |
| WEILL CORNELL MEDICINE | NEW YORK, NY | $166,500 | 2025 | GENERAL OPERATING |
| CHILD ADVOCACY CENTER | EVERETT, WA | $150,000 | 2025 | GENERAL OPERATING |
| FLORIDA SPRINGS INSTITUTE | HIGH SPRINGS, FL | $125,000 | 2025 | GENERAL OPERATING |
| UNITED WAY OF DOOR COUNTY | STURGEON BAY, WI | $100,000 | 2025 | GENERAL OPERATING |
| BAIRD CREEK PRESERVATION FOUNDATION | GREEN BAY, WI | $100,000 | 2025 | GENERAL OPERATING |
| PENINSULA PLAYERS THEATRE | FISH CREEK, WI | $83,333 | 2025 | GENERAL OPERATING |
| SMITHSONIAN TROPICAL RESEARCH | WASHINGTON DC, DC | $83,000 | 2025 | GENERAL OPERATING |
| DOOR COUNTY PARTNERSHIP FOR CHILDREN AND FAMILIES | STURGEON BAY, WI | $75,000 | 2025 | GENERAL OPERATING |
| COMMUNITY FOUNDATION OF NORTH CENTRAL FLORIDA | ST JOSEPH, MO | $61,500 | 2025 | GENERAL OPERATING |
| STURGEON BAY HISTORICAL SOCIETY FOUNDATI | STURGEON BAY, WI | $50,000 | 2025 | GENERAL OPERATING |
| BRAIN CENTER OF GREEN BAY | GREEN BAY, WI | $50,000 | 2025 | GENERAL OPERATING |
| lakeshore community action program | STURGEON BAY, WI | $50,000 | 2025 | GENERAL OPERATING |
| TOYS FOR TOTS | GAINESVILLE, FL | $25,000 | 2025 | GENERAL OPERATING |
| CROSSROADS AT BIG CREEK | STURGEON BAY, WI | $25,000 | 2025 | GENERAL OPERATING |
| UNIVERSITY OF FLORIDA FOUNDATION INC | GAINESVILLE, FL | $1,071,140 | 2024 | GENERAL OPERATING |
| UNIVERSITY OF WISCONSIN | MILWAUKEE, WI | $586,000 | 2024 | GENERAL OPERATING |
| UNIVERSITY OF FLORIDA FOUNDATION | GAINESVILLE, FL | $500,000 | 2024 | GENERAL OPERATING |
| ALACHUA CONSERVATION TRUST INCORPORATED | GAINESVILLE, FL | $300,000 | 2024 | GENERAL OPERATING |
| U OF WISCONSIN GREEN BAY FDN | GREEN BAY, WI | $253,327 | 2024 | GENERAL OPERATING |
| LAKESHORE CAP | STURGEON BAY, WI | $200,000 | 2024 | GENERAL OPERATING |
| WEILL CORNELL MEDICINE | NEW YORK, NY | $166,500 | 2024 | GENERAL OPERATING |
| UNIV OF FLORIDA FDN WHITNEY LAB | ST AUGUSTINE, FL | $106,628 | 2024 | GENERAL OPERATING |
| DOOR COUNTY MARITIME MUSEUM | STURGEON BAY, WI | $100,000 | 2024 | GENERAL OPERATING |
| NATIONAL RAILROAD MUSEUM | GREEN BAY, WI | $100,000 | 2024 | GENERAL OPERATING |
| PENINSULA PLAYERS THEATRE | FISH CREEK, WI | $83,333 | 2024 | GENERAL OPERATING |
| SMITHSONIAN INSTITUTE | WASHINGTON, DC | $83,000 | 2024 | GENERAL OPERATING |
| UNITED WAY WORLDWIDE | ALEXANDRIA, VA | $67,000 | 2024 | GENERAL OPERATING |
| BOYS AND GIRLS CLUBS | GREEN BAY, WI | $55,000 | 2024 | GENERAL OPERATING |
| THE BOYS & GIRLS CLUB OF DOOR COUNTY INC | STURGEON BAY, WI | $25,000 | 2024 | GENERAL OPERATING |
| BAIRD CREEK PRESERVATION FOUNDATION | GREEN BAY, WI | $20,000 | 2024 | GENERAL OPERATING |
| UNIVERSITY OF WISCONSIN | MADISON, WI | $488,000 | 2023 | GENERAL OPERATING |
| UNIVERSITY OF FLORIDA | GAINSVILLE, FL | $450,000 | 2023 | GENERAL OPERATING |
| DOOR COUNTY MARITIME MUSEUM | STURGEON BAY, WI | $166,000 | 2023 | GENERAL OPERATING |
| UNITED WAY WORLDWIDE | ALEXANDRIA, VA | $137,000 | 2023 | GENERAL OPERATING |
| UNIVERSITY OF FLORIDA FOUNDATION | GAINESVILLE, FL | $125,000 | 2023 | GENERAL OPERATING |
| STURGEON BAY HISTORICAL | STURGEON BAY, WI | $100,000 | 2023 | GENERAL OPERATING |
| NATIONAL RAILROAD MUSEUM | GREEN BAY, WI | $100,000 | 2023 | GENERAL OPERATING |
| CROSSROADS AT BIG CREEK | STURGEON BAY, WI | $100,000 | 2023 | GENERAL OPERATING |
| BAIRD CREEK PRESERVATION FOUNDATION | GREEN BAY, WI | $88,000 | 2023 | GENERAL OPERATING |
| SMITHSONIAN TROPICAL RESEARCH INSTITUTE | WASHINGTON, DC | $84,000 | 2023 | GENERAL OPERATING |
| BOYS & GIRLS CLUB OF GREEN BAY INC | GREEN BAY, WI | $55,000 | 2023 | GENERAL OPERATING |
| BOYS GIRLS CLUB OF DOOR COUNTY | STURGEON BAY, WI | $25,000 | 2023 | GENERAL OPERATING |
UNIVERSITY OF FLORIDA FOUNDATION
$1,634,826GENERAL OPERATING
UNIVERSITY OF WISCONSIN GREEN BAY
$1,190,515GENERAL OPERATING
HSHS ST VINCENT HOSPITAL
$500,000GENERAL OPERATING
NATIONAL RAILROAD MUSEUM INC
$500,000GENERAL OPERATING
PEACEFUL PATHS DOMESTIC ABUSE NETWORK
$400,000GENERAL OPERATING
BOYS AND GIRLS CLUBS OF THE BAY AND LAKES REGION
$200,000GENERAL OPERATING
ALACHUA CONSERVATION TRUST
$200,000GENERAL OPERATING
TOWN OF GIBRALTAR
$175,000GENERAL OPERATING
WEILL CORNELL MEDICINE
$166,500GENERAL OPERATING
CHILD ADVOCACY CENTER
$150,000GENERAL OPERATING
FLORIDA SPRINGS INSTITUTE
$125,000GENERAL OPERATING
UNITED WAY OF DOOR COUNTY
$100,000GENERAL OPERATING
BAIRD CREEK PRESERVATION FOUNDATION
$100,000GENERAL OPERATING
PENINSULA PLAYERS THEATRE
$83,333GENERAL OPERATING
SMITHSONIAN TROPICAL RESEARCH
$83,000GENERAL OPERATING
DOOR COUNTY PARTNERSHIP FOR CHILDREN AND FAMILIES
$75,000GENERAL OPERATING
COMMUNITY FOUNDATION OF NORTH CENTRAL FLORIDA
$61,500GENERAL OPERATING
STURGEON BAY HISTORICAL SOCIETY FOUNDATI
$50,000GENERAL OPERATING
BRAIN CENTER OF GREEN BAY
$50,000GENERAL OPERATING
lakeshore community action program
$50,000GENERAL OPERATING
TOYS FOR TOTS
$25,000GENERAL OPERATING
CROSSROADS AT BIG CREEK
$25,000GENERAL OPERATING
UNIVERSITY OF FLORIDA FOUNDATION INC
$1,071,140GENERAL OPERATING
UNIVERSITY OF WISCONSIN
$586,000GENERAL OPERATING
UNIVERSITY OF FLORIDA FOUNDATION
$500,000GENERAL OPERATING
ALACHUA CONSERVATION TRUST INCORPORATED
$300,000GENERAL OPERATING
U OF WISCONSIN GREEN BAY FDN
$253,327GENERAL OPERATING
LAKESHORE CAP
$200,000GENERAL OPERATING
WEILL CORNELL MEDICINE
$166,500GENERAL OPERATING
UNIV OF FLORIDA FDN WHITNEY LAB
$106,628GENERAL OPERATING
DOOR COUNTY MARITIME MUSEUM
$100,000GENERAL OPERATING
NATIONAL RAILROAD MUSEUM
$100,000GENERAL OPERATING
PENINSULA PLAYERS THEATRE
$83,333GENERAL OPERATING
SMITHSONIAN INSTITUTE
$83,000GENERAL OPERATING
UNITED WAY WORLDWIDE
$67,000GENERAL OPERATING
BOYS AND GIRLS CLUBS
$55,000GENERAL OPERATING
THE BOYS & GIRLS CLUB OF DOOR COUNTY INC
$25,000GENERAL OPERATING
BAIRD CREEK PRESERVATION FOUNDATION
$20,000GENERAL OPERATING
UNIVERSITY OF WISCONSIN
$488,000GENERAL OPERATING
UNIVERSITY OF FLORIDA
$450,000GENERAL OPERATING
DOOR COUNTY MARITIME MUSEUM
$166,000GENERAL OPERATING
UNITED WAY WORLDWIDE
$137,000GENERAL OPERATING
UNIVERSITY OF FLORIDA FOUNDATION
$125,000GENERAL OPERATING
STURGEON BAY HISTORICAL
$100,000GENERAL OPERATING
NATIONAL RAILROAD MUSEUM
$100,000GENERAL OPERATING
CROSSROADS AT BIG CREEK
$100,000GENERAL OPERATING
BAIRD CREEK PRESERVATION FOUNDATION
$88,000GENERAL OPERATING
SMITHSONIAN TROPICAL RESEARCH INSTITUTE
$84,000GENERAL OPERATING
BOYS & GIRLS CLUB OF GREEN BAY INC
$55,000GENERAL OPERATING
BOYS GIRLS CLUB OF DOOR COUNTY
$25,000GENERAL OPERATING