Granite Foundation Agency (plg)
Granite Foundation Agency (PLG) is a private foundation established in Minnesota in 2001 and tax-exempt since September 2002. Based in Mendota Heights, Minnesota, the foundation operates as a family foundation supported by Tim and Diana Madden.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.6M
+13.1% YoY
Annual Giving
$696K
+12.5% YoY
Grant Count
94
-16.1% YoY
Avg Grant Size
$7K
+34.0% YoY
Mission & Focus Areas
The foundation's primary funding focuses include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Science and STEM Education
Grantmaking
Grant Range
$2,200
Average Grant
amount: $7,100
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Minnesota
- New York
- California
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $14,656,542
- Total Revenues: $2,396,735
- Total Expenses: $824,138
- Total Annual Giving: $462,792–$696,147
- Investment Income and Dividends: $279,061
As of 2022:
- Total Grants, Contributions: $2,240,020
- Investment Income and Dividends: $323,332
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,582,190 | $14,656,542 | $14,137,646 |
| Revenue | $2,678,951 | $2,396,735 | $2,511,524 |
| Expenses | $787,967 | $824,138 | $796,919 |
| Qualifying Distributions | $712,759 | $756,765 | $730,699 |
| Net Investment Income | $495,947 | $717,291 | $471,687 |
| Distributable Amount | $954,451 | $787,614 | $712,198 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
201 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Diane Madden – President
- Timothy Madden – Vice President
- Michaela Madden – Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TIMOTHY MADDEN | VICE PRESIDENT | 2 | — |
| DIANE MADDEN | PRESIDENT | 2 | — |
| MICHAELA MADDEN | DIRECTOR | 1 | — |
| FRANCIS T MADDEN | DIRECTOR | 1 | — |
| PAUL C SMITH | SECRETARY/TREASURER | 1 | — |
| MALLORY L MADDEN | DIRECTOR | 1 | — |
Contact Information
- Address: 1444 Northland Drive, Suite 200, Mendota Heights, MN 55120-1032
- Phone: 651-699-0206
- EIN: 26-0010320
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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