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Madison Charitable Foundation Inc. is a private corporation based in RICHMOND, TX. The foundation received its IRS ruling in 2009. It holds total assets of $2.7M. Annual income is reported at $1.5M. Total assets have decreased from $26.1M in 2011 to $2.7M in 2024. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2015 to 2024. The foundation primarily funds organizations in Texas and Mississippi. According to available records, Madison Charitable Foundation Inc. has made 207 grants totaling $7.8M, with a median grant of $20K. Annual giving has grown from $2M in 2021 to $5.8M in 2022. Individual grants have ranged from $1K to $250K, with an average award of $38K. The foundation has supported 113 unique organizations. The foundation primarily supports organizations in Texas, Mississippi, South Carolina, which account for 87% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Madison Charitable Foundation Inc. reported 207 individual grants totaling $7.8 million between 2021 and 2022 across its IRS Form 990-PF filings, with a median grant of $20,000. Half of those grants fell between $10,000 and $50,000. Its largest single grant in the record was $250,000. Its most recent available filing, for fiscal year 2022, reports $3.0 million in total giving.
Grantmaking is concentrated in TX, which received 126 of the 207 grants on record (61 percent). In total the foundation's grantees span 10 states. Of its 113 distinct grantees, 62 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were Bethel Ministry ($550,000), Clemson University ($500,000) and Alley Theatre ($454,000).
Computed from 207 individual grant records (2021–2022) in this foundation's IRS Form 990-PF Part XV filings, reaching 10 states. Source: IRS 990-PF.
Smallest Grant
$1K
Median Grant
$15K
Average Grant
$29K
Largest Grant
$250K
Based on 67 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Madison Charitable Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 207 grants. Its grantmaking reaches organizations primarily in TX, MS, SC.
Madison Charitable Foundation Inc. has distributed a total of $7.8M across 207 grants. The median grant size is $20K, with an average of $38K. Individual grants have ranged from $1K to $250K.
No Restrictions on Gifts.
Madison Charitable Foundation Inc. is headquartered in RICHMOND, TX. While based in TX, the foundation distributes grants to organizations across 10 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Wiley Hatcher | DIRECTOR | $0 | $0 | N/A |
| Norma M Petrosewicz | DIRECTOR | $0 | $0 | N/A |
| Lorinda Beth Madison | DIRECTOR | $0 | $0 | N/A |
| James O Carpenter | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$2.7M
Fair Market Value
N/A
Net Worth
$2.7M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
207
Total Giving
$7.8M
Average Grant
$38K
Median Grant
$20K
Unique Recipients
113
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Clemson UniversityCAPITAL CAMPAIGN | Clemson, SC | $250K | 2022 |
| Bethel MinistryKID ACTIVITY FUNDS | Stafford, TX | $200K | 2022 |
| Houston Grand OperaGENERAL FUNDING FOR HOUSTON PERFORMI | Houston, TX | $191K | 2022 |
| Alley TheatreEDUCATIONAL PROGRAMS | Houston, TX | $172K | 2022 |
| Houston Methodist FoundationGENERAL FUNDING PATIENT CARE | Houston, TX | $140K | 2022 |
| University Of Ms FoundationSUPPORT OF UNIVERSITY PROJECTS | Oxford, MS | $133K | 2022 |
| Ut School Of LawSCHOLARSHIPS PROGRAMS | Austin, TX | $100K | 2022 |
| Blair E Batson Hospital For ChildrCHILDRENS HOSPITAL OPERATING BUILDIN | Jackson, MS | $100K | 2022 |
| Uh Athletics DepartmentGENERAL FUNDING | Houston, TX | $100K | 2022 |
| Oak Bend Medical CenterGENERAL FUNDING | Richmond, TX | $100K | 2022 |
| St Jude'S Children HospitalFUNDING FOR CANCER RESEARCH | Memphis, TN | $75K | 2022 |
| Uh FoundationGENERAL FUNDING | Houston, TX | $60K | 2022 |
| American Friends Of Covenant GardenGENERAL FUNDING | New York, NY | $60K | 2022 |
| National Ms SocietyMS RESEARCH | New York, NY | $51K | 2022 |
| The Mind Center- UmmcFUNDING FOR UNIVERSITY OF MS MEDICAL | Jackson, MS | $50K | 2022 |
| United Way Of HoustonGENERAL FUNDING | Houston, TX | $50K | 2022 |
| Catholic CharitiesGENERAL PROGRAMING OPERATIONS | Houston, TX | $50K | 2022 |
| Southern Smoke FoundationFUNDING FOR GENERAL OPERATIONS | Houston, TX | $50K | 2022 |
| Cll Global Research FoundationPROGRAM FUNDING | Houston, TX | $50K | 2022 |
| Second Baptist ChurchGENERAL FUNDING | Katy, TX | $50K | 2022 |
| Child Advocates Of Fort Bend CountyHELPING KIDS HAVE A BRIGHTER FUTURE | Rosenberg, TX | $50K | 2022 |
| Girl Scount San Jacinto CouncilSCOUTING PROGRAMS | Houston, TX | $50K | 2022 |
| Stages Reperatory TheatreSTAGE PLAYS TO HELP PEOPLE | Houston, TX | $48K | 2022 |
| Uh Cougar Pride ScholarshipSCHOLARSHIP PROGRAM | Houston, TX | $47K | 2022 |
| Community Stew PotGRANT TO ASSIST WITH POVERTY | Jackson, MS | $40K | 2022 |