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
Under IRS private-foundation payout rules, Granite Foundation Agency (plg) reported a distributable amount of $954K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Hope Academy ($75,000), 30 Days Foundation ($50,000), Church of Corpus Christi ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 30 DAYS FOUNDATION GOLDEN VALLEY, MN | GRANT | $50,000 |
| 54 BELOW NEW YORK CITY, NY | DONATION | $1,360 |
| A RACE AGAINST BLINDNESS GILBERT, AZ | DONATION | $200 |
| ALFRED JOHN LYNNWOOD, WA | HARDSHIP | $2,276 |
| ALL COUNTY CREMATION & BURIAL SERVICES VANCOUVER, WA | HARDSHIP | $1,867 |
| ALUMNI & FRIENDS & FAMILIES NOTRE DAME, IN | GRANT | $5,000 |
| ANTHONY FLANNERY WINCHESTER, KY | HARDSHIP | $2,000 |
| ANTHONY MIDDLE SCHOOL MINNEAPOLIS, MN | DONATION | $5,000 |
| CAMRYN WITHAM MINNEAPOLIS, MN | DONATION | $1,500 |
| CHARLES KAHIRO ST PAUL, MN | EVENT EXPERIENCE | $1,882 |
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
Frequently Asked Questions
What does Granite Foundation Agency (plg) fund?
The foundation's primary funding focuses include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Science and STEM Education
How do I apply for a grant from Granite Foundation Agency (plg)?
**Grant Characteristics:** • Typical award range: $20–$90,471 • Average grant amount: $7,100 • Median grant size: $2,200 • The foundation makes approximately 70 grants annually **Recent Grant Examples:** • University of Notre Dame: $50,000 (2023) • Hope Academy: $25,000 (2023) • Hope (Fundraiser Donation): $15,000 (2023)
Where does Granite Foundation Agency (plg) make grants?
The foundation primarily funds organizations in: • Minnesota • New York • California
What size grants does Granite Foundation Agency (plg) award?
In 2024, Granite Foundation Agency (plg) awarded 94 grants totaling $696K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Granite Foundation Agency (plg) required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Granite Foundation Agency (plg) reported a distributable amount of $954K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Granite Foundation Agency (plg)'s EIN?
Granite Foundation Agency (plg)'s EIN (Employer Identification Number) is 26-0010320. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Granite Foundation Agency (plg)'s focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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