Wisconsin · Public charity
Covantage Credit Union
A cooperative, nonprofit corporation, incorporated under wisconsin state law to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide opportunity for its members to improve their economic and social conditions.
- $763k
- Granted FY2024(still arriving)
- 11
- Itemized grants FY2024
- 9
- Organizations funded FY2023
- 22%
- First-time grantees FY2023
- Itemized, FY2024
- $465k
- The rest is grants the schedule does not break out
- Median grant, FY2024
- $10,000
- Largest grant, FY2024
- $350,000
- Organizations funded a year
- 4 to 21
- FY2017 to FY2023
- States reached, FY2024
- 2
- Total assets, FY2024
- $3.7B
How open it is to new grantees
In FY2023, 22% of the organizations Covantage Credit Union funded were first-time grantees, receiving 9% of its grant dollars.
New vs renewed · share of each year
In FY2023, 91% of grant dollars renewed an existing relationship; $20k went to new ones.
Where new relationships form · theme of each grantee’s first grant
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2024still arriving | 10 | $459k | 40% |
| FY2023 | 9 | $233k | 22% |
| FY2022 | 7 | $499k | 43% |
| FY2021 | 6 | $787k | 17% |
| FY2020 | 21 | $432k | 71% |
| FY2019 | 8 | $314k | 38% |
| FY2018 | 6 | $210k | 33% |
| FY2017 | 4 | $138k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.
Top grantees
Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Covantage Cares Foundation Inc | $2,063,761 | 8 | 75% |
| DC Everest Education Foundation Inc | $250,000 | 1 | 1% |
| Langlade County Historical Society Inc | $105,000 | 2 | 31% |
| City of Anitgo | $75,000 | 2 | n/a |
| Make-A-Wish Foundation of Wisconsin Inc | $72,525 | 5 | 0% |
| Wausau Events Inc | $64,000 | 7 | 3% |
| Wausau Central Wisconsin Sports Authority Inc | $60,250 | 6 | 3% |
| Boys & Girls Club of the Wausau Area Inc | $44,500 | 6 | 1% |
| Wisconsin Timber Rattlers | $42,500 | 3 | n/a |
| St Mary Catholic Schools | $30,000 | 3 | n/a |
Show all 34 grantees
Where it is load-bearing
Covantage Credit Union supplied at least a quarter of the budget for 2 of its grantees at some point. The chart plots its 24 largest grantees; load-bearing ones sit top left.
Tap a dot to name the grantee.
How this is measured
Co-funders
Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.
Open a dossier: Green Bay Packers Foundation · Community Foundation for the Fox Valley Region Inc · Covantage Cares Foundation Inc · Wisconsin Public Service Foundation · Greater Green Bay Community Foundation Inc · Elwyn Remington Foundation · Judd S Alexander Foundation · Ba & Esther Greenheck Foundation · J J Keller Foundation Inc · Herbert H Kohl Charities Inc · Otto Bremer Trust · Myra M and Robert L Vandehey Foundation Ltd
How this is measured
About Covantage Credit Union
- How much does Covantage Credit Union give?
- Covantage Credit Union reported 11 itemized grants totaling $465,050, out of $762,717 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 4 and 21 organizations a year over FY2017 to FY2023.
- What does Covantage Credit Union fund?
- By grant dollars over FY2017 to FY2024, its largest causes are Philanthropy (68%), Education (10%), Arts & Culture (6%).
- Who are Covantage Credit Union's largest grantees?
- By total granted over FY2017 to FY2024: Covantage Cares Foundation Inc ($2.1M), DC Everest Education Foundation Inc ($250k), Langlade County Historical Society Inc ($105k).
- Does Covantage Credit Union fund new organizations?
- In FY2023, 22% of the organizations it funded were first-time grantees.
- Which funders back the same organizations as Covantage Credit Union?
- Its strongest co-funders, measured against what their size predicts, include Green Bay Packers Foundation, Community Foundation for the Fox Valley Region Inc, Covantage Cares Foundation Inc.
- Where is Covantage Credit Union based?
- Covantage Credit Union is based in WI.
Play a game based on Covantage Credit Union’s filings →