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Madrigal Foundation is a private corporation based in PHILADELPHIA, PA. The foundation received its IRS ruling in 2017. The principal officer is % Dechert Llp. It holds total assets of $7.7M. Annual income is reported at $2.6M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Madrigal Foundation has made 12 grants totaling $2.2M, with a median grant of $55K. The foundation has distributed between $405K and $910K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $910K distributed across 2 grants. Individual grants have ranged from $10K to $455K, with an average award of $186K. The foundation has supported 7 unique organizations. The foundation primarily supports organizations in Rhode Island, New Jersey, Connecticut, which account for 83% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Madrigal Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in RI, NJ, CT.
Madrigal Foundation has distributed a total of $2.2M across 12 grants. The median grant size is $55K, with an average of $186K. Individual grants have ranged from $10K to $455K.
ONLY ORGANIZATIONS ORGANIZED & OPERATED FOR CHARITABLE, EDUCATIONAL OR SCIENTIFIC PURPOSE WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
Madrigal Foundation is headquartered in PHILADELPHIA, PA. While based in PA, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michelle Fort | DIRECTOR AND SECRETARY | $0 | $0 | $0 |
| Anne C Sherrerd | DIRECTOR AND PRESIDENT | $0 | $0 | $0 |
| Alexandra Laird | DIRECTOR AND TREASURER | $0 | $0 | $0 |
Total Giving
$495K
Total Assets
$7.8M
Fair Market Value
$9.2M
Net Worth
$7.8M
Grants Paid
$448K
Contributions
$0
Net Investment Income
$156K
Distribution Amount
$432K
Total: $6.7M
Total Grants
12
Total Giving
$2.2M
Average Grant
$186K
Median Grant
$55K
Unique Recipients
7
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Princeton UniversityGENERAL SUPPORT GRANT | Princeton, NJ | $363K | 2023 |
| Vanguard Charitable Endowment Program (The Madrigal Fund)CONTRIBUTION TO THE MADRIGAL FUND | Warwick, RI | $60K | 2023 |
| Greenwich United WayGENERAL SUPPORT GRANT | Greenwich, CT | $25K | 2023 |
| Oberlin CollegeGENERAL SUPPORT GRANT | Oberlin, OH | $50K | 2021 |
| Greenwich AcademyGENERAL SUPPORT GRANT | Greenwich, CT | $10K | 2021 |
| Vanguard Charitable Endowment ProgramGENERAL SUPPORT GRANT | Warwick, RI | $330K | 2020 |
| Yale UniversityGENERAL SUPPORT GRANT | New Haven, CT | $25K | 2020 |
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