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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 $2.3M. Annual income is reported at $861K. Total assets have grown from $903K in 2011 to $2.2M in 2023. The foundation is governed by 7 officers and trustees. SCHOLARSHIP (See attached schedule for Part XV - line 3(a)). Tax records are available from 2017 to 2023. Grantmaking is concentrated in Iowa. 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.
Madden-Mallory Foundation reported 179 individual grants totaling $457,793 between 2020 and 2023 across its IRS Form 990-PF filings, with a median grant of $2,000. Half of those grants fell between $1,000 and $3,050. Its largest single grant in the record was $25,539. Its most recent available filing, for fiscal year 2023, reports $180,043 in total giving.
Grantmaking is concentrated in IA, which received 174 of the 179 grants on record (97 percent). Of its 72 distinct grantees, 68 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were Luverne Community Chest ($27,358), Luverne Library ($24,000) and United Methodist Church ($21,250).
Computed from 179 individual grant records (2020–2023) in this foundation's IRS Form 990-PF Part XV filings, reaching 3 states. Source: IRS 990-PF.
Smallest Grant
$225
Median Grant
$2K
Average Grant
$2K
Largest Grant
$6K
Based on 40 grants from the most recent 990-PF filing.
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.
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| 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 |
| Dan Hilbert | Director | $200 | $0 | $200 |
| Dale Richardson | Director | $0 | $0 | N/A |
Total Giving
$180K
Total Assets
$2.2M
Fair Market Value
N/A
Net Worth
$2.2M
Grants Paid
$166K
Contributions
N/A
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 | 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 |
| Grace Braun NorthwesternSCHOLARSHIP | Orange City, IA | $4K | 2023 |
| Brandon Harris Briar CliffSCHOLARSHIP | Soiux City, IA | $4K | 2023 |
| Ruby Mitchell UniSCHOLARSHIP | Cedar Falls, IA | $4K | 2023 |
| Delaney Anderson Palmer CollegeSCHOLARSHIP | Davenport, IA | $4K | 2023 |
| Halo Gronbach IsuSCHOLARSHIP | Ames, IA | $4K | 2023 |
| Declan Braun Iowa Lakes CommSCHOLARSHIP | Estherville, IA | $4K | 2023 |
| Alyssa Yokimishyn U Of IowaSCHOLARSHIP | Iowa 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 |
| Taylor Krieps UniSCHOLARSHIP | Cedar Falls, IA | $2K | 2023 |
| Macy Grein S Dakota State UnivSCHOLARSHIP | Brookings, SD | $2K | 2023 |
| Kossuth County Hospice OfGENERAL SUPPORT | Algona, IA | $2K | 2023 |
| Alexia Tebben SimpsonSCHOLARSHIP | Indianola, IA | $2K | 2023 |
| Humboldt County HospiceGENERAL SUPPORT | Humboldt, IA | $2K | 2023 |
| Chloe Carroll UniSCHOLARSHIP | Cedar Falls, IA | $2K | 2023 |
| Joanna Fullerton Ia Lakes CommSCHOLARSHIP | Estherville, IA | $2K | 2023 |
| Ella Lawson IsuSCHOLARSHIP | Ames, IA | $2K | 2023 |
| Nicholas Ludwig Northeast Iowa CcSCHOLARSHIP | Calmer, IA | $2K | 2023 |
| Carson Halsrud Ia Lakes CommSCHOLARSHIP | Estherville, IA | $2K | 2023 |
| Maddie Hilbert IsuSCHOLARSHIP | Ames, IA | $2K | 2023 |
| Cailey Carroll IsuSCHOLARSHIP | Ames, IA | $2K | 2023 |
| Talon Tebben Ia Lakes CommSCHOLARSHIP | Estherville, IA | $2K | 2023 |
| Luverne Fire DeptGEN'L SUPPORT | Luverne, IA | $2K | 2023 |
| Twin Lakes Christian CenterGENERAL SUPPORT | Manson, IA | $2K | 2023 |
| Kossuth County Food PantryGENERAL SUPPORT | Algona, IA | $1K | 2023 |
| Humboldt County Food PantryGENERAL SUPPORT | Humboldt, IA | $1K | 2023 |
| Kossuth Friends 4-H For YouthGENERAL SUPPORT | Algona, IA | $1K | 2023 |
| Zion Lutheran Church Bible SchooletGENERAL SUPPORT | Luverne, IA | $1K | 2023 |
| Kossuth Co Cancer Support FoundGEN'L SUPPORT | Algona, IA | $1K | 2023 |
| Algona Kiwanis Aktion ClubGENERAL SUPPORT | Algona, IA | $600 | 2023 |
| Algona Community SchoolGENERAL SUPPORT | Algona, IA | $500 | 2023 |
| Crisis Intervention Center OfGENERAL SUPPORT | Algona, IA | $500 | 2023 |
| Life Works Services HandicapGENERAL SUPPORT | Humboldt, IA | $500 | 2023 |
| Exceptional Opportunities HandicapGENERAL SUPPORT | Burt, IA | $500 | 2023 |
| Humboldt Ministerial AssnGENERAL SUPPORT | Humboldt, IA | $500 | 2023 |
| Algona Rotary Club Brakaktion GrpGEN'L SUPPORT | Algona, IA | $500 | 2023 |
| Pow Camp Of AlgonaGENERAL SUPPORT | Algona, IA | $500 | 2023 |
| Ymca Care Pack ProgramGENERAL SUPPORT | Algona, IA | $300 | 2023 |