Madalene Cain Foundation

Foundation · Grantmaker San Antonio, TX EIN: 74-2684295

Madalene Cain Foundation is a private foundation, based in San Antonio, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 10 grants totaling $160K. Net investment income was $57K.

Key facts about Madalene Cain Foundation

EIN: 74-2684295
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $160,000
Grants made (2024): 10
Average grant: $16,000
Median grant: $10,000
Total assets: $2,667,502
Primary geography: Texas (94% of itemized 2024 grant dollars)

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

Who Madalene Cain Foundation funds

By grant dollars, the top recipient states for Madalene Cain Foundation's 10 itemized 2024 grants were Texas (94%) and Michigan (6%). The most frequent recipient cities were San Antonio, TX (7 grants). 90% of grants with a stated purpose were for general or operating support.

How Madalene Cain Foundation gives

20% of 2024 grantees were also funded in 2023. Method
Giving grew 26% from 2021 to 2024. Method
In 2024 it paid out 124% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.7M

-5.4% YoY

Annual Giving

$160K

+88.2% YoY

Grant Count

+150.0% YoY

Avg Grant Size

$16K

-24.7% YoY

Under IRS private-foundation payout rules, Madalene Cain Foundation reported a distributable amount of $136K for 2024 — the minimum it must pay out in qualifying distributions.

About Madalene Cain Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $150K (94%)

Michigan $10K (6%)

Share of all 10 itemized 2024 grant dollars.

States

California Michigan Missouri Texas

Cities

San AntonioHillsdaleAustinDallasNew BraunfelsSherman OaksUnity Village

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,667,502	$2,819,491	$2,951,932
Revenue	$150,776	$97,677	$353,623
Expenses	$262,498	$213,797	$180,150
Qualifying Distributions	$168,200	$118,606	$124,720
Net Investment Income	$56,804	$6,646	$298,193
Distributable Amount	$135,794	$134,613	$138,181

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

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

37 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include South Texas Youth for Christ ($50,000), San Antonio Marriage Initiative ($20,000), Bible Study Fellowship ($20,000).

Recipient	Purpose	Amount
SOUTH TEXAS YOUTH FOR CHRIST San Antonio, TX	GENERAL SUPPORT	$50,000
SAN ANTONIO MARRIAGE INITIATIVE San Antonio, TX	GENERAL SUPPORT	$20,000
BIBLE STUDY FELLOWSHIP Dallas, TX	GENERAL SUPPORT	$20,000
HILLSDALE COLLEGE Hillsdale, MI	SCHOLARSHIP	$10,000
STRONG FOUNDATION San Antonio, TX	GENERAL SUPPORT	$10,000
DAILY BREAD San Antonio, TX	GENERAL SUPPORT	$10,000
SA HOPE CENTER San Antonio, TX	GENERAL SUPPORT	$10,000
CHOSEN CARE New Braunfels, TX	GENERAL SUPPORT	$10,000
SCHOOL CONNECT San Antonio, TX	GENERAL SUPPORT	$10,000
SOUTH TEXAS ALLIANCE FOR ORPHANS San Antonio, TX	GENERAL SUPPORT	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
John M Wilkes	Chairman of the Board	1	—
Cory Albracht	President/VP	30	$50,000
Scott Barr	Secretary	1	—

Frequently Asked Questions

How large is Madalene Cain Foundation?

As of 2024, Madalene Cain Foundation holds $2.7M in total assets with $151K in annual revenue. It awarded 10 grants totaling $160K in 2024.

Where does Madalene Cain Foundation operate?

Madalene Cain Foundation has awarded grants in California, Michigan, Missouri, Texas.

What size grants does Madalene Cain Foundation award?

In 2024, Madalene Cain Foundation awarded 10 grants totaling $160K — an average of about $16K per grant, based on its IRS Form 990 filings.

How much is Madalene Cain Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Madalene Cain Foundation reported a distributable amount of $136K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.