Madden-mallory Foundation

LUVERNE, IA EIN: 42-1176039

The Madden-Mallory Foundation is a private foundation located in Luverne, Iowa, established in 1982. The organization operates as a 501(c)(3) tax-exempt entity with no employees, relying on a board of directors and foundation manager to oversee its grantmaking activities.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$123K

-25.9% YoY

Grant Count

44

-15.4% YoY

Avg Grant Size

$3K

-12.4% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's mission centers on scholarships, community betterment, and handicap assistance. The foundation's income from interest and dividends supports these core purposes, with particular emphasis on:

  • Scholarships: Educational advancement for students, particularly from Corwith-Wesley and Luverne, Iowa schools
  • Community Betterment: Support for local facilities and community infrastructure projects
  • Handicap Assistance: Support for facilities serving individuals with disabilities
  • Hospice Services: Funding for area hospice organizations
  • Food Security: Grants to food pantries in the region

Grantmaking

Grant Range

s**: Typical awards range from $225 to $6,000, with recent grants including amounts such as $2,000, $1,500, and $1,250.

How to Apply

**: For scholarship applications, applicants should contact the Madden-Mallory Scholarship Program through the Corwith-Wesley Community Schools superintendent at 408 SE Elm St., Corwith, IA 50430 (telephone: 515-583-2304). Application forms are available from the school.

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Geographic Focus

Where this funder awards grants

The foundation restricts its grantmaking to Iowa, with particular concentration in:

  • Humboldt County
  • Kossuth County
  • Hancock County
  • Luverne area
  • Corwith area
  • Armstrong area

Grant Distribution by State

3states

States

IowaKansasSouth Dakota

Cities

ALGONAAMESANKENYARMSTRONGBROOKINGSBURTCALMERCEDAR FALLSCEDAR RAPIDSDAVENPORTDES MOINESESTHERVILLEESTHERVLLEFORT DODGEFT DODGEHUMBOLDTINDIANOLAIOWA CITYLUVERNEMANSON

Financial History

Multi-year comparison from IRS filings

As of December 2024:

  • Total Assets: $2,199,767
  • Total Revenues: $128,261
  • Total Expenses: $155,330
  • Total Giving: $122,965
  • Median Grant Amount: $2,000

The foundation's financial position reflects a mature endowment supporting consistent annual grantmaking activity.

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.120202021202220232024
Metric202420232022
Total Assets———
Revenue———
Expenses———
Qualifying Distributions———
Net Investment Income———
Distributable Amount———

Giving Over Time

Total grant dollars and number of grants per year

$0$41K$83K$124K$166K46 grants202040 grants202141 grants202252 grants202344 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

LUVERNE FIRE DEPT$17KLUVERNE COMMUNITY CHEST$13KLUVERNE LIBRARY$6KMADDIE HILBERT ISU$6KJAMES BURMA IOWA LAKES C…$6KSKYLAR BRONSON DMACC$6KUNITED METHODIST CHURCH$5KCALEB BORMANN KIRKWOOD C…$4KMONTGOMERY HALSRUD IOWA …$4KDELANEY ANDERSON PALMER …$4K

Grant Size Distribution

221 grants across all recorded years

221<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Luverne Fire Dept ($16,614), Luverne Community Chest ($13,200), Luverne Library ($6,000).

RecipientPurposeAmount
JAMES BURMA IOWA LAKES COMM ESTHERVILLE, IASCHOLARSHIP$5,833
CALEB BORMANN KIRKWOOD COMM CEDAR RAPIDS, IASCHOLARSHIP$4,000
ABIGAIL YOKIMISHYN U OF IOWA ANKENY, IASCHOLARSHIP$2,000
CAILEY CARROLL ISU AMES, IASCHOLARSHIP$2,000
CITY OF ARMSTRONG ARMSTRONG, IAGENERAL SUPPORT$500
EXCEPTIONAL OPPORTUNITIES HANDICAP BURT, IAGENERAL SUPPORT$500
CRISIS INTERVENTION CENTER OF ALGONA, IAGENERAL SUPPORT$500
TWIN LAKES CHRISTIAN CENTER MANSON, IAGENERAL SUPPORT$1,500
NICHOLAS LUDWIG NORTHEAST IOWA CC CALMER, IASCHOLARSHIP$2,000
LUTHERAN FAMILY SERVICE FORT DODGE, IAGENERAL SUPPORT$300

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation is governed by the following board members and staff:

  • A. David Bibler - Director
  • Dan Hilbert - Director
  • David A. Hanselman - Director
  • Audrey H. Weber - Director
  • LeAnn Wempen - Director
  • Sheryl Carroll - Director
  • Lisa Hefty - Foundation Manager

Compensation Overview

From 2024 IRS filing

LISA HEFTYFoundation Mgr.$4KA DAVID BIBLERDirector$200DAVID A HANSELMANDirector$200AUDREY H WEBERDirector$200LEANN WEMPENDirector$200SHERYL CARROLLDirector$200DAN HILBERTDirector$100

From 2024 filing

NameTitleHoursCompensation
A DAVID BIBLERDirector1$200
DAN HILBERTDirector1$100
DAVID A HANSELMANDirector1$200
AUDREY H WEBERDirector1$200
LEANN WEMPENDirector1$200
LISA HEFTYFoundation Mgr.10$4,200
SHERYL CARROLLDirector1$200

Contact Information

Mailing Address: C/O Lisa Hefty 1703 - 110th Street Luverne, IA 50560

Phone: (515) 882-3583

EIN: 42-1176039

Frequently Asked Questions

What does Madden-mallory Foundation fund?

The foundation's mission centers on scholarships, community betterment, and handicap assistance. The foundation's income from interest and dividends supports these core purposes, with particular emphasis on: • **Scholarships**: Educational advancement for students, particularly from Corwith-Wesley and Luverne, Iowa schools • **Community Betterment**: Support for local facilities and community infrastructure projects • **Handicap Assistance**: Support for facilities serving individuals with disa…

How do I apply for a grant from Madden-mallory Foundation?

**Grant Activity**: The foundation made 40 grants in 2024, with total giving of $122,965. **Grant Sizes**: Typical awards range from $225 to $6,000, with recent grants including amounts such as $2,000, $1,500, and $1,250. **Recent Grantees** (2024): • St Paul ($2,000) • Twin Lakes Christian Center ($1,500) • Kossuth County Food Pantry ($1,250) • Camp Algona Pow Project ($500) • Humboldt County Historical Society ($225) **Historical Grant Examples**: • Scholarships to Corwith-Wesley and Luverne …

Where does Madden-mallory Foundation make grants?

The foundation restricts its grantmaking to Iowa, with particular concentration in: • Humboldt County • Kossuth County • Hancock County • Luverne area • Corwith area • Armstrong area

What size grants does Madden-mallory Foundation award?

In 2024, Madden-mallory Foundation awarded 44 grants totaling $123K — an average of about $3K per grant, based on its IRS Form 990 filings.

What is Madden-mallory Foundation's EIN?

Madden-mallory Foundation's EIN (Employer Identification Number) is 42-1176039. IRS Form 990 filing data is available on this page for 2020–2024.

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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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