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Madalene Cain Foundation is a private corporation based in SAN ANTONIO, TX. The foundation received its IRS ruling in 1993. The principal officer is % Cory Albracht. It holds total assets of $2.7M. Annual income is reported at $278K. J. Michael Wilkes, President of the Foundation, serves on the boards or otherwise supports several charitable organizations, including Youth for Christ, YMCA, Ecumenical Center, and Ignite Community Solutions. The expenses for these activities are represented by a portion of Mr. Wilkes compensation. According to available records, Madalene Cain Foundation has made 37 grants totaling $456K, with a median grant of $10K. Annual giving has decreased from $127K in 2021 to $85K in 2023. Grantmaking activity was highest in 2022 with $245K distributed across 22 grants. Individual grants have ranged from $300 to $25K, with an average award of $12K. The foundation has supported 14 unique organizations. The foundation primarily supports organizations in Texas, Michigan, Missouri, which account for 97% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
J. Michael Wilkes, President of the Foundation, serves on the boards or otherwise supports several charitable organizations, including Youth for Christ, YMCA, Ecumenical Center, and Ignite Community Solutions. The expenses for these activities are represented by a portion of Mr. Wilkes compensation.
J. Michael Wilkes, President of the Foundation, serves on the boards or otherwise supports several charitable organizations, including Youth for Christ, YMCA, Ecumenical Center, and Ignite Community Solutions. The expenses for these activities are represented by a portion of Mr. Wilkes compensation. Based on available records, the foundation has funded 37 grants. Its grantmaking reaches organizations primarily in TX, MI, MO.
Madalene Cain Foundation has distributed a total of $456K across 37 grants. The median grant size is $10K, with an average of $12K. Individual grants have ranged from $300 to $25K.
Madalene Cain Foundation typically selects its grantees rather than accepting unsolicited proposals.
Madalene Cain Foundation is headquartered in SAN ANTONIO, TX. While based in TX, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Cory Albracht | PRESIDENT/VP | $50K | $0 | $50K |
| Scott Barr | SECRETARY | $0 | $0 | $0 |
| John M Wilkes | CHAIRMAN OF THE BOARD | $0 | $0 | $0 |
Total Giving
$214K
Total Assets
$2.8M
Fair Market Value
$2.7M
Net Worth
$2.8M
Grants Paid
$85K
Contributions
$0
Net Investment Income
$7K
Distribution Amount
$135K
Total: $2.6M
Total Grants
37
Total Giving
$456K
Average Grant
$12K
Median Grant
$10K
Unique Recipients
14
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| ChosenGENERAL SUPPORT | San Antonio, TX | $10K | 2022 |
| UnityGENERAL SUPPORT | Unity Village, MO | $5K | 2022 |
| Salvation ArmyGeneral Purposes | San Antonio, TX | $5K | 2021 |
| Strong FoundationGENERAL SUPPORT | San Antonio, TX | $25K | 2023 |
| Housing First Community Coalition |
| San Antonio, TX |
| $25K |
| 2023 |
| San Antonio Youth For ChristGENERAL SUPPORT | San Antonio, TX | $25K | 2023 |
| Hillsdale CollegeSCHOLARSHIP | Hillsdale, MI | $10K | 2023 |
| Ut Health San AntonioSCHOLARSHIP | San Antonio, TX | $20K | 2022 |
| Bible Study FellowshipGENERAL SUPPORT | San Antonio, TX | $8K | 2022 |
| Center For Health Care ServicesGENERAL SUPPORT | San Antonio, TX | $1K | 2022 |
| Hill Country InstituteGENERAL SUPPORT | Austin, TX | $1K | 2022 |
| Miracle Study CenterGENERAL SUPPORT | San Antonio, TX | $300 | 2022 |
| Prager UEducational | Sherman Oaks, CA | $2K | 2021 |
| Ecumenical Center For EducationGeneral Purposes | San Antonio, TX | $2K | 2021 |
HOUSTON, TX
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