A Mad Idea Foundation
A Mad Idea Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $488K in total assets. In 2024, it awarded 1 grants totaling $35K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$488K
-6.4% YoY
Annual Giving
$35K
+16.7% YoY
Grant Count
1
-50.0% YoY
Avg Grant Size
$35K
+133.3% YoY
Under IRS private-foundation payout rules, A Mad Idea Foundation reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.
About A Mad Idea Foundation
Based on IRS filings
A Mad Idea Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $488K in total assets. In 2024, it awarded 1 grants totaling $35K.
Focus Areas
Ready to take the next step with A Mad Idea Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $488,390 | $521,698 | $549,635 |
| Revenue | $4,266 | $4,423 | $2,987 |
| Expenses | $37,574 | $32,360 | $37,250 |
| Qualifying Distributions | $35,000 | $30,000 | $35,000 |
| Net Investment Income | — | — | — |
| Distributable Amount | $25,639 | $26,330 | $29,325 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Rice University ($35,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Rice University Houston, TX | General Contribution | $35,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BYRD C WALLS | DIRECTOR/PRESIDENT | — | — |
| LON W WILLIAMS | DIRECTOR | — | — |
| KATHY CIRE | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is A Mad Idea Foundation?
A Mad Idea Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. It holds $488K in total assets as of 2024.
How large is A Mad Idea Foundation?
As of 2024, A Mad Idea Foundation holds $488K in total assets with $4K in annual revenue. It awarded 1 grants totaling $35K in 2024.
Where does A Mad Idea Foundation operate?
A Mad Idea Foundation has awarded grants in Alabama, Georgia, Texas.
What size grants does A Mad Idea Foundation award?
In 2024, A Mad Idea Foundation awarded 1 grants totaling $35K — an average of about $35K per grant, based on its IRS Form 990 filings.
How much is A Mad Idea Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, A Mad Idea Foundation reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is A Mad Idea Foundation's EIN?
A Mad Idea Foundation's EIN (Employer Identification Number) is 20-0402748. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in A Mad Idea Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.