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The Nicholas And Marion Madonna Foundation is a private trust based in OSTERVILLE, MA. The foundation received its IRS ruling in 2007. The principal officer is Racepoint Management Inc.. It holds total assets of $4.1M. Annual income is reported at $3.2M. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Funding is distributed across 5 states, including Massachusetts, Colorado, Vermont. According to available records, The Nicholas And Marion Madonna Foundation has made 22 grants totaling $570K, with a median grant of $10K. Annual giving has decreased from $554K in 2022 to $16K in 2023. Individual grants have ranged from $1K to $150K, with an average award of $26K. The foundation has supported 11 unique organizations. The foundation primarily supports organizations in Connecticut, Massachusetts, California, which account for 82% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$10K
Average Grant
$28K
Largest Grant
$150K
Based on 10 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.
The Nicholas And Marion Madonna Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in CT, MA, CA.
The Nicholas And Marion Madonna Foundation has distributed a total of $570K across 22 grants. The median grant size is $10K, with an average of $26K. Individual grants have ranged from $1K to $150K.
The Nicholas And Marion Madonna Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Nicholas And Marion Madonna Foundation is headquartered in OSTERVILLE, MA. While based in MA, the foundation distributes grants to organizations across 5 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert P Madonna | TRUSTEE | $0 | $0 | N/A |
Total Giving
$43K
Total Assets
$3.4M
Fair Market Value
$5.2M
Net Worth
$3.4M
Grants Paid
$16K
Contributions
$21K
Net Investment Income
$67K
Distribution Amount
$230K
Total: $3.3M
Total Grants
22
Total Giving
$570K
Average Grant
$26K
Median Grant
$10K
Unique Recipients
11
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Figawi Charities IncGENERAL | W Hyannisport, MA | $10K | 2023 |
| Cape Arts & Entertainment IncGENERAL | Hyannis, MA | $6K | 2023 |
| University Of ConnecticutGENERAL | Storrs, CT | $150K | 2022 |
| Palaemon IncGENERAL | Barnstable, MA | $30K | 2022 |
| Fine Arts Work CenterGENERAL | Provincetown, MA | $25K | 2022 |
| Cape Cod Healthcare FoundationGENERAL | Hyannis, MA | $25K | 2022 |
| SocialgoodGENERAL | Richmond, CA | $10K | 2022 |
| Outward BoundGENERAL | Golden, CO | $10K | 2022 |
| Pathways VermontGENERAL | Winooski, VT | $10K | 2022 |
| Cranberry Sunset FarmGENERAL | Marston Mills, MA | $5K | 2022 |
| Pan Mass ChallengeGENERAL | Needham, MA | $1K | 2022 |