Madden-Mallory Foundation
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.
Key facts about Madden-Mallory Foundation
- EIN
- 42-1176039
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $122,965
- Grants made (2024)
- 44
- Average grant
- $2,795
- Median grant
- $2,000
- New grantees (estimate)
- 7% first-time grantees (2 of 27, 2024)
- Primary geography
- Iowa (98% of itemized 2024 grant dollars)
- 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). Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Madden-Mallory Foundation funds
By grant dollars, the top recipient states for Madden-Mallory Foundation's 44 itemized 2024 grants were Iowa (98%). The most frequent recipient cities were Algona, IA (9 grants), Luverne, IA (6 grants), Humboldt, IA (5 grants) and Ames, IA (4 grants). 52% of grants with a stated purpose were for general or operating support. Recurring purposes include "Scholarship" (18 grants) and "Gen'l Support" (3 grants).
Is Madden-Mallory Foundation open to new grantees?
7%
first-time grantees, 2024
In 2024, 2 of 27 grantees (7%) were first-time recipients. First grants averaged $500; repeat grants $3K. How we count
Medians: $500 first-time, $1K repeat.
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Madden-Mallory Foundation
- How to evaluate Madden-Mallory Foundation as a funder
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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
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.
Ready to take the next step with Madden-Mallory Foundation?
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
Share of all 44 itemized 2024 grant dollars.
States
Cities
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.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- 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
223 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Luverne Fire Dept ($16,614), Luverne Community Chest ($13,200), Luverne Library ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LUVERNE FIRE DEPT Luverne, IA | GEN'L SUPPORT | $16,614 |
| LUVERNE COMMUNITY CHEST Luverne, IA | GENERAL SUPPORT | $13,200 |
| LUVERNE LIBRARY Luverne, IA | GENERAL SUPPORT | $6,000 |
| MADDIE HILBERT ISU Ames, IA | SCHOLARSHIP | $6,000 |
| JAMES BURMA IOWA LAKES COMM Estherville, IA | SCHOLARSHIP | $5,833 |
| SKYLAR BRONSON DMACC Des Moines, IA | SCHOLARSHIP | $5,500 |
| UNITED METHODIST CHURCH Luverne, IA | GENERAL SUPPORT | $5,000 |
| CALEB BORMANN KIRKWOOD COMM Cedar Rapids, IA | SCHOLARSHIP | $4,000 |
| MONTGOMERY HALSRUD IOWA CENTRAL CC Ft Dodge, IA | SCHOLARSHIP | $4,000 |
| DELANEY ANDERSON PALMER COLLEGE Davenport, IA | SCHOLARSHIP | $4,000 |
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
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| A David Bibler | Director | 1 | $200 |
| Dan Hilbert | Director | 1 | $100 |
| David a Hanselman | Director | 1 | $200 |
| Audrey H Weber | Director | 1 | $200 |
| Leann Wempen | Director | 1 | $200 |
| Lisa Hefty | Foundation Mgr. | 10 | $4,200 |
| Sheryl Carroll | Director | 1 | $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?
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). Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.