James Madison Education Fund Inc logo

James Madison Education Fund Inc

Public charity · Grantmaker Alexandria, VA EIN: 52-1906471 Website

To support the purposes and activities of the james madison memorial fellowship foundation.

Key facts about James Madison Education Fund Inc

In short: James Madison Education Fund Inc gave $158K across 1 grant in 2024 (avg $158K), mostly in Virginia. Source: 2024 IRS Form 990.

EIN
52-1906471
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$157,757
Grants made (2024)
1
Average grant
$157,757
Median grant
$157,757
Total assets
$23,118,989
Primary geography
Virginia (100% of itemized 2024 grant dollars)

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$23.1M

+8.7% YoY

Annual Giving

$158K

+4.9% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$158K

+4.9% YoY

How James Madison Education Fund Inc gives

  • Giving fell 32% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

About James Madison Education Fund Inc

Based on IRS filings

James Madison Education Fund Inc is a public charity focused on Arts, Culture & Humanities, based in Alexandria, VA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $23.1M in total assets. In 2024, it awarded 1 grant totaling $158K. Net investment income was $717K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2024 grant dollars on its one itemized grant.

States

Cities

Alexandria

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K1 grant2019 0 grants2020 1 grant2021 0 grants2022 1 grant2023 1 grant2024

From 2019 to 2024, annual grant giving ranged from $113K (2019) to $232K (2021). In 2024 it made 1 grant totaling $158K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2024

James Madison Memorial Fellowship: $158KJames Madison MemorialFellowship$158K

The largest 2024 recipient was James Madison Memorial Fellowship ($158K).

Grant Size Distribution

3 grants across all recorded years

<$50K$50–100K3$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 3 grants of 3 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
James Madison Memorial Fellowship Alexandria, VAEducation$157,757

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$500K$1M$1.5M2019 2020 2021 2022 2023 2024
Metric202420232022
Total Assets$23,118,989$21,274,844$18,912,728
Revenue$1,173,433$695,264$785,616
Expenses$611,927$527,594$353,937
Net Investment Income$716,700$425,653$380,529

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS March 19, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS October 25, 2022)
  3. Updated Form 990 for fiscal year 2023 (received by the IRS January 31, 2025)
  4. Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
  5. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

James Madison Education Fund Inc is led by Lewis F. Larsen, President Till since 2024 (on filings since 2019); none of the 4 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Lewis F. Larsen

    President Till

    Secretary → President, 2022

    President → President Till, 2024

    On filings since 2019

    1 hr/week

    No compensation reported

  • Clare Iglesias

    Treasurer

    On filings since 2021

    10 hrs/week

    $13K (2021) → $0 (2024)

  • Oliver A. Alwes

    Secretary

    On filings since 2022

    1 hr/week

    No compensation reported

  • Julie E. Adams

    Esceo Start

    New on the 2024 filing

    5 hrs/week

    No compensation reported

Former officers (2)
  • Former: Paul A. Yost Jr. (2019–2021) — President
  • Former: Elizabeth G. Ray (2019–2020) — Treasurer

Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2022 IRS filing

Clare Iglesias — Treasurer: $3KClare IglesiasTreasurer$3K

The highest reported compensation on the 2022 filing was $3K, to Clare Iglesias (Treasurer).

Frequently asked questions about James Madison Education Fund Inc

How much does James Madison Education Fund Inc give each year?

James Madison Education Fund Inc gave $158K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $150K across 1 grant.

How large is James Madison Education Fund Inc?

James Madison Education Fund Inc reported $23.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.2M.

What is James Madison Education Fund Inc?

James Madison Education Fund Inc is a public charity focused on Arts, Culture & Humanities, based in Alexandria, VA. It holds $23.1M in total assets as of 2024.

Where does James Madison Education Fund Inc operate?

James Madison Education Fund Inc has awarded grants in Virginia.

What is James Madison Education Fund Inc's EIN?

James Madison Education Fund Inc's EIN (Employer Identification Number) is 52-1906471. IRS Form 990 filing data is available on this page for 2019–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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