Madden-Mallory Foundation
The Madden-Mallory Foundation is a private foundation based in Luverne, Iowa. Its 2025 filing lists scholarship, community betterment, and handicap assistance as direct charitable activities.
Madden-Mallory Foundation at a glance
In short: Madden-Mallory Foundation gave $95K across 42 grants in 2025 (avg $2K), mostly in Iowa. 4% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $94,746
- -22.9% vs 2024
- Grants made (2025)
- 42
- -4.5% vs 2024
- Average grant
- $2,256
- -19.3% vs 2024
- Median grant
- $2,000
- Total assets
- $2,336,882
- +6.2% vs 2024
- New grantees (estimate)
- 4% first-time grantees (1 of 25, 2025)
- Primary geography
- Iowa (98% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Madden-Mallory Foundation
- How to Apply
-
The filing lists Algona Community School as the contact and says forms are available from the school. It states that the foundation does not restrict giving to preselected organizations. Award restrictions are within the state of Iowa.
- Review Cycle
- N/A, as stated on the filing.
- Deadline
- N/A, as stated on the filing.
- Contact
Application contact: Algona Comm School
Mailing address: 600 S Hale St, Algona, IA 50511
Phone: (515) 295-3528
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Madden-Mallory Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Luverne Library ($6K). Together the top 10 received $38K.
Organizations only. It also paid 11 individual scholarships ($37,500), which are not listed by name.
Grant Size Distribution
219 grants across all recorded years
The most common grant size was under $50K: 219 grants of 219 (100%).
Geographic Focus
Where this funder awards grants
The 2025 filing reports that 98% of grant dollars went to recipients in Iowa and 2% to recipients in Kansas. The filing’s stated award restriction is within Iowa.
Grant Distribution by State
Share of 2025 grant dollars across all 42 itemized grants.
States
Cities
Is Madden-Mallory Foundation open to new grantees?
4%
first-time grantees, 2025
In 2025, 1 of 25 grantees (4%) were first-time recipients. First grants averaged $500; repeat grants $1K. How we count
Medians: $500 first-time, $1K repeat.
- 96% of 2025 grantees were also funded in 2024. Method
- Giving fell 21% from 2022 to 2025. Method
- In 2025 it paid out 85% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $69K (2021) to $166K (2023). In 2025 it made 42 grants totaling $95K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Luverne Library Luverne, IA | General Support | $6,000 |
| United Methodist Church Luverne, IA | General Support | $5,000 |
| Nathaniel Darling IA Central Comm Ft Dodge, IA | Scholarship | $4,000 |
| James Burma Iowa Lakes Comm Estherville, IA | Scholarship | $4,000 |
| 11 individual scholarships Recipients not named | — | $37,500 |
| Brody Ludwig Iowa Lakes Comm Estherville, IA | Scholarship | $4,000 |
| Luverne Community Chest Luverne, IA | General Support | $3,941 |
| Amelia Tille U of IA Iowa City, IA | Scholarship | $3,776 |
| Montgomery Halsrud Iowa Central CC Ft Dodge, IA | Scholarship | $3,600 |
| Nicholas Ludwig Northeast Iowa CC Calmer, IA | Scholarship | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,336,882 | $243,537 | $108,406 | $94,746 | 42 | $100,487 | $237,470 | $118,188 |
| 2024 | $2,199,767 | $128,261 | $155,330 | $122,965 | 44 | $127,386 | $123,437 | $114,552 |
| 2023 | $2,220,058 | $1,628,811 | $180,043 | $165,864 | 52 | $170,672 | $1,620,138 | $70,765 |
| 2022 | $776,653 | $49,747 | $133,081 | $119,869 | 41 | $126,298 | $59,931 | $118,151 |
| 2021 | $848,062 | $64,110 | $82,253 | $68,875 | 40 | $74,940 | $57,569 | $119,459 |
| 2020 | $878,378 | $75,677 | $114,313 | $103,185 | 46 | — | $69,911 | $90,558 |
Under IRS private-foundation payout rules, Madden-Mallory Foundation reported a distributable amount of $118K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation lists scholarship, community betterment, and handicap assistance as direct charitable activities. Its 2025 grants included scholarships and general support. One recipient, Kossuth County Food Pantry, described its own mission as distributing food to needy residents in the Kossuth County area.
Grantmaking
In 2025, the foundation made 42 grants totaling $94,746. Grant amounts ranged from $225 to $6,000, with a median of $2,000. Among the largest were $6,000 to Luverne Library and $5,000 to United Methodist Church in Luverne, both for general support. Several $4,000 awards were scholarships to students associated with Iowa colleges and universities. Kossuth County Food Pantry received $1,250.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists A. David Bibler, Dan Hilbert, David A. Hanselman, Audrey H. Weber, LeAnn Wempen, and Sheryl Carroll as directors, and Lisa Hefty as foundation manager.
Madden-Mallory Foundation's 2025 filing lists 7 officers; all 7 officers listed in 2025 are compensated.
Officers on the 2025 filing
A. David Bibler
Director
On filings since 2020
1 hr/week
$50 (2020) → $200 (2025)
Audrey H. Weber
Director
On filings since 2020
1 hr/week
$150 (2021) → $200 (2025)
Dan Hilbert
Director
On filings since 2020
1 hr/week
$50 (2021) → $200 (2025)
David A. Hanselman
Director
On filings since 2020
1 hr/week
$150 (2021) → $100 (2025)
Sheryl Carroll
Director
On filings since 2020
1 hr/week
$50 (2020) → $200 (2025)
Leann Wempen
Director
On filings since 2024
1 hr/week
$200 (2024) → $200 (2025)
Lisa Hefty
Foundation Manager
On filings since 2021
10 hrs/week
$3K (2021) → $6K (2025)
Former officers (2)
- Former: Dale Richardson (2020–2023) — Director
- Former: Kay Hefty (2020–2021) — Foundation Manager
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $6K, to Lisa Hefty (Foundation Mgr.). 7 officers or directors reported compensation on that filing.
Frequently asked questions about Madden-Mallory Foundation
How much does Madden-Mallory Foundation give each year?
Madden-Mallory Foundation gave $95K across 42 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $123K across 44 grants.
What is Madden-Mallory Foundation's typical grant size?
Madden-Mallory Foundation's median grant in 2025 was $2,000, and its average grant was $2,256, across 42 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Madden-Mallory Foundation that year got $500 on average.
Where does Madden-Mallory Foundation give grants?
Madden-Mallory Foundation gives mostly in Iowa: 98% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Algona, IA (9 grants), Luverne, IA (6 grants), Humboldt, IA (5 grants) and Ft Dodge, IA (3 grants).
Does Madden-Mallory Foundation give general operating support?
Yes: 52% of Madden-Mallory Foundation's 2025 grants with a stated purpose (22 of 42) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Scholarship" (17 grants) and "Gen'l Support" (3 grants).
Who are Madden-Mallory Foundation's largest grantees?
Madden-Mallory Foundation's largest 2025 grantees include Luverne Library ($6,000), United Methodist Church ($5,000) and Nathaniel Darling IA Central Comm ($4,000), according to its 2025 IRS Form 990-PF. It also paid 11 individual scholarships ($37,500), which are not listed by name. Together they received 16% of its itemized 2025 grant dollars.
How large is Madden-Mallory Foundation?
Madden-Mallory Foundation reported $2.3M in total assets on its 2025 IRS Form 990-PF. It paid out $100K in qualifying distributions that year, against a required minimum of $118K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Madden-Mallory Foundation fund?
The foundation lists scholarship, community betterment, and handicap assistance as direct charitable activities. Its 2025 grants included scholarships and general support. See mission & focus areas ↑
How do I apply for a grant from Madden-Mallory Foundation?
The filing lists Algona Community School as the contact and says forms are available from the school. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 19, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 17, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 10, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 26, 2026)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Madden-Mallory Foundation funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/madden-mallory-foundation-morg_f1ea0980c1294d0ea2644a8468426c64
BibTeX
@misc{grantable_421176039_2026,
author = {{Grantable}},
title = {{Madden-Mallory Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/madden-mallory-foundation-morg_f1ea0980c1294d0ea2644a8468426c64},
note = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Madden-Mallory Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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