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Madden-Mallory Foundation is a private corporation based in LUVERNE, IA. The foundation received its IRS ruling in 1982. The principal officer is % Kay Hefty. It holds total assets of $2.2M. Annual income is reported at $371K. SCHOLARSHIP (See attached schedule for Part XV - line 3(a)). According to available records, Madden-Mallory Foundation has made 179 grants totaling $458K, with a median grant of $2K. Annual giving has grown from $103K in 2020 to $166K in 2023. Individual grants have ranged from $225 to $26K, with an average award of $3K. The foundation has supported 72 unique organizations. Grants have been distributed to organizations in Iowa and Kansas and South Dakota. Contributions to this foundation are tax-deductible.
SCHOLARSHIP (See attached schedule for Part XV - line 3(a))
COMMUNITY BETTERMENT (See attached schedule for Part XV - line 3(a))
HANDICAP ASSISTANCE (See attached schedule for Part XV - line 3(a))
SCHOLARSHIP (See attached schedule for Part XV - line 3(a)). Based on available records, the foundation has funded 179 grants. Its grantmaking reaches organizations primarily in IA, KS, SD.
Madden-Mallory Foundation has distributed a total of $458K across 179 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $225 to $26K.
WITHIN STATE OF IOWA.
Madden-Mallory Foundation is headquartered in LUVERNE, IA. While based in IA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lisa Hefty | Foundation Mgr. | $5K | $0 | $5K |
| David A Hanselman | Director | $200 | $0 | $200 |
| Audrey H Weber | Director | $200 | $0 | $200 |
| Sheryl Carroll | Director | $200 | $0 | $200 |
| A David Bibler | Director | $200 | $0 | $200 |
Total Giving
$180K
Total Assets
$2.2M
Fair Market Value
$0
Net Worth
$2.2M
Grants Paid
$166K
Contributions
$0
Net Investment Income
$1.6M
Distribution Amount
$71K
Total: $1.8M
Total Grants
179
Total Giving
$458K
Average Grant
$3K
Median Grant
$2K
Unique Recipients
72
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| United Methodist ChurchGENERAL SUPPORT | Luverne, IA | $5K | 2023 |
| St Paul'SGENERAL SUPPORT | Overland Park, KS | $2K | 2023 |
| Luverne Betterment CommitteeGENERAL SUPPORT | Luverne, IA | $26K | 2023 |
| Luverne Community ChestGENERAL SUPPORT | Luverne, IA | $17K | 2023 |
| City Of ArmstrongGENERAL SUPPORT |
| Dan Hilbert |
| Director |
| $200 |
| $0 |
| $200 |
| Dale Richardson | Director | $0 | $0 | $0 |
| 2017 | 990PF | View |
| Armstrong, IA |
| $10K |
| 2023 |
| Luverne LibraryGENERAL SUPPORT | Luverne, IA | $6K | 2023 |
| Amelia Tille U Of IaSCHOLARSHIP | Iowa City, IA | $6K | 2023 |
| Ethan Degroote WartburgSCHOLARSHIP | Waverly, IA | $6K | 2023 |
| Abigail Yokimishyn U Of IowaSCHOLARSHIP | Ankeny, IA | $4K | 2023 |
| Alyssa Yokimishyn U Of IowaSCHOLARSHIP | Iowa City, IA | $4K | 2023 |
| Declan Braun Iowa Lakes CommSCHOLARSHIP | Estherville, IA | $4K | 2023 |
| Delaney Anderson Palmer CollegeSCHOLARSHIP | Davenport, IA | $4K | 2023 |
| Halo Gronbach IsuSCHOLARSHIP | Ames, IA | $4K | 2023 |
| Ruby Mitchell UniSCHOLARSHIP | Cedar Falls, IA | $4K | 2023 |
| Brandon Harris Briar CliffSCHOLARSHIP | Soiux City, IA | $4K | 2023 |
| Grace Braun NorthwesternSCHOLARSHIP | Orange City, IA | $4K | 2023 |
| Skylar Bronson DmaccSCHOLARSHIP | Des Moines, IA | $4K | 2023 |
| Hank Collins Ia Lakes CommGENERAL SUPPORT | Estherville, IA | $4K | 2023 |
| Luverne School Varbooster ClubGENERAL SUPPORT | Luverne, IA | $4K | 2023 |
| Chantal Carroll Hawkeye CommSCHOLARSHIP | Waterloo, IA | $3K | 2023 |
| Kennedy Halsrud UniSCHOLARSHIP | Cedar Falls, IA | $3K | 2023 |
| Macy Grein S Dakota State UnivSCHOLARSHIP | Brookings, SD | $2K | 2023 |
| Cailey Carroll IsuSCHOLARSHIP | Ames, IA | $2K | 2023 |
| Nicholas Ludwig Northeast Iowa CcSCHOLARSHIP | Calmer, IA | $2K | 2023 |
| Ella Lawson IsuSCHOLARSHIP | Ames, IA | $2K | 2023 |
| Humboldt County HospiceGENERAL SUPPORT | Humboldt, IA | $2K | 2023 |
| Kossuth County Hospice OfGENERAL SUPPORT | Algona, IA | $2K | 2023 |
| Taylor Krieps UniSCHOLARSHIP | Cedar Falls, IA | $2K | 2023 |
| Alexia Tebben SimpsonSCHOLARSHIP | Indianola, IA | $2K | 2023 |
| Chloe Carroll UniSCHOLARSHIP | Cedar Falls, IA | $2K | 2023 |
| Joanna Fullerton Ia Lakes CommSCHOLARSHIP | Estherville, IA | $2K | 2023 |
| Carson Halsrud Ia Lakes CommSCHOLARSHIP | Estherville, IA | $2K | 2023 |
| Maddie Hilbert IsuSCHOLARSHIP | Ames, IA | $2K | 2023 |
| Talon Tebben Ia Lakes CommSCHOLARSHIP | Estherville, IA | $2K | 2023 |
| Twin Lakes Christian CenterGENERAL SUPPORT | Manson, IA | $2K | 2023 |
| Luverne Fire DeptGEN'L SUPPORT | Luverne, IA | $2K | 2023 |
| Kossuth County Food PantryGENERAL SUPPORT | Algona, IA | $1K | 2023 |
| Humboldt County Food PantryGENERAL SUPPORT | Humboldt, IA | $1K | 2023 |
| Zion Lutheran Church Bible SchooletGENERAL SUPPORT | Luverne, IA | $1K | 2023 |
| Kossuth Friends 4-H For YouthGENERAL SUPPORT | Algona, IA | $1K | 2023 |
| Kossuth Co Cancer Support FoundGEN'L SUPPORT | Algona, IA | $1K | 2023 |
| Algona Kiwanis Aktion ClubGENERAL SUPPORT | Algona, IA | $600 | 2023 |
| Humboldt Ministerial AssnGENERAL SUPPORT | Humboldt, IA | $500 | 2023 |
| Exceptional Opportunities HandicapGENERAL SUPPORT | Burt, IA | $500 | 2023 |
| Algona Rotary Club Brakaktion GrpGEN'L SUPPORT | Algona, IA | $500 | 2023 |
| Life Works Services HandicapGENERAL SUPPORT | Humboldt, IA | $500 | 2023 |
| Crisis Intervention Center OfGENERAL SUPPORT | Algona, IA | $500 | 2023 |
| Algona Community SchoolGENERAL SUPPORT | Algona, IA | $500 | 2023 |
| Pow Camp Of AlgonaGENERAL SUPPORT | Algona, IA | $500 | 2023 |
| Lutheran Family ServiceGENERAL SUPPORT | Fort Dodge, IA | $300 | 2023 |
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