The JF Maddox Foundation is a private family foundation established in 1963 by Jack and Mabel Maddox to serve the citizens of southeastern New Mexico. Based in Hobbs, New Mexico, the foundation operates with a Board of Directors primarily composed of family members and focuses on cultivating opportunities and improving quality of life in Lea County through strategic investments in education, community development, and social services.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$247.3M
+0.5% YoY
Annual Giving
$4.2M
-53.1% YoY
Grant Count
159
+0.6% YoY
Avg Grant Size
$26K
-53.4% YoY
Under IRS private-foundation payout rules, JF Maddox Foundation reported a distributable amount of $13.3M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
Mission: The foundation's mission is to significantly improve the quality of life in southeastern New Mexico by investing in education, community development, and other social programs. The foundation particularly supports initiatives driven by innovative leadership, designed for substantial impact, and committed to lasting value.
2030 Vision: With opportunity for all, Lea County is a place we are proud to call home.
Core Values:
- Dig Deep: Expecting excellence from themselves, partners, grantees, and community to inspire collective success and growth
- Think & Do Big: Committed to uncovering innovative, data-driven solutions to community challenges rather than superficial fixes
- Be a Constant Ally: Grounded in consideration and compassion for neighbors' health, education, and support
Strategic Focus Areas:
- Education
- Community Development
- Social Services
- Economic Diversification
- Community Assets and Aesthetics
- Community Health
Grantmaking
The foundation accepts grant applications aligned with its strategic plan to enhance quality of life in Lea County. Applications are reviewed on a rolling basis.
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Geographic Focus
Where this funder awards grants
The foundation's primary focus is Lea County, New Mexico, with secondary funding interests in New Mexico, Texas, and Missouri.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $247,296,657
- Total Revenue: $14,360,756
- Total Expenses: $13,164,858
- Total Liabilities: $0
- Total Giving: $4,160,529
Tax Status: 501(c)(3) organization, tax-exempt since October 1964
Staffing: 13 employees (as of 2024)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $247,296,657 | $246,101,367 | $253,197,980 |
| Revenue | $14,360,756 | $9,585,770 | $16,076,297 |
| Expenses | $13,164,858 | $16,682,563 | $17,398,292 |
| Qualifying Distributions | $7,590,282 | $11,504,992 | $12,753,603 |
| Net Investment Income | $9,319,790 | $6,053,680 | $11,472,707 |
| Distributable Amount | $13,332,785 | $12,697,942 | $12,823,844 |
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
250 grants across all recorded years
Open Grants
1 open opportunity from JF Maddox Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include City of Lovington ($400,000), Boys Club of Hobbs Inc ($116,155), Brooklyn Faith Arreola ($34,549).
| Recipient | Purpose | Amount |
|---|---|---|
| A Million Stars Inc Saint Louis, MO | GENERAL OPERATING SUPPORT | $10,000 |
| Academic Foundations 365 Hobbs, NM | Distance Learning Programs | $3,150 |
| Albuquerque Community Foundation Albuquerque, NM | Vizionz-Sankofa's Senior Utility Assistance | $5,000 |
| Albuquerque Meals on Wheels Albuquerque, NM | GENERAL OPERATING SUPPORT | $250 |
| Alejandro Franco Lovington, NM | SCHOLARSHIP | $5,000 |
| All Faiths Children's Advocacy Center Albuquerque, NM | GENERAL OPERATING SUPPORT | $250 |
| Amarillo Symphony Inc Amarillo, TX | GENERAL OPERATING SUPPORT | $2,000 |
| American Cancer Society Inc Atlanta, GA | GENERAL OPERATING SUPPORT | $5,000 |
| American College of Trust and Estate Counsel Foundation Inc Washington, DC | GENERAL OPERATING SUPPORT | $10,000 |
| American Contemporary Ballet Inc Los Angeles, CA | GENERAL OPERATING SUPPORT | $8,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Ray Caraway: Principal Officer
- Parks: Chief Executive Officer
- Catherine Maddox Walton: Director
- David Reed: Chief Operating Officer
- Mayra Lovas: Vice President – Grants
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Recent News & Activity
Recent developments and announcements
The foundation continues active grantmaking focused on transforming Lea County through strategic investments. Recent initiatives reflect the foundation's commitment to education, community development, and social services. The Jack Maddox Distinguished Scholarship Program remains a cornerstone initiative, with annual selection of scholarship recipients and finalists announced regularly.
Reflecting on JF Maddox Foundation's 2025 funding initiativesSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does JF Maddox Foundation fund?
**Mission:** The foundation's mission is to significantly improve the quality of life in southeastern New Mexico by investing in education, community development, and other social programs. The foundation particularly supports initiatives driven by innovative leadership, designed for substantial impact, and committed to lasting value. **2030 Vision:** With opportunity for all, Lea County is a place we are proud to call home. **Core Values:** • **Dig Deep:** Expecting excellence from themselves,…
How do I apply for a grant from JF Maddox Foundation?
The foundation accepts grant applications aligned with its strategic plan to enhance quality of life in Lea County. Applications are reviewed on a rolling basis. **Grant Criteria:** The foundation prioritizes projects and programs that: • Are consistent with the strategic plan • Demonstrate potential for significant benefit to Lea County and its residents • Will be self-supporting within a reasonable timeframe **Preferred Attributes:** • Potential to leverage foundation funds with funding from …
Where does JF Maddox Foundation make grants?
The foundation's primary focus is Lea County, New Mexico, with secondary funding interests in New Mexico, Texas, and Missouri.
What size grants does JF Maddox Foundation award?
In 2024, JF Maddox Foundation awarded 159 grants totaling $4.2M — an average of about $26K per grant, based on its IRS Form 990 filings.
How much is JF Maddox Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, JF Maddox Foundation reported a distributable amount of $13.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is JF Maddox Foundation's EIN?
JF Maddox Foundation's EIN (Employer Identification Number) is 75-6023767. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in JF Maddox Foundation'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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