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.
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.
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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
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 | — | — | — |
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
221 grants across all recorded years
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).
| Recipient | Purpose | Amount |
|---|---|---|
| JAMES BURMA IOWA LAKES COMM ESTHERVILLE, IA | SCHOLARSHIP | $5,833 |
| CALEB BORMANN KIRKWOOD COMM CEDAR RAPIDS, IA | SCHOLARSHIP | $4,000 |
| ABIGAIL YOKIMISHYN U OF IOWA ANKENY, IA | SCHOLARSHIP | $2,000 |
| CAILEY CARROLL ISU AMES, IA | SCHOLARSHIP | $2,000 |
| CITY OF ARMSTRONG ARMSTRONG, IA | GENERAL SUPPORT | $500 |
| EXCEPTIONAL OPPORTUNITIES HANDICAP BURT, IA | GENERAL SUPPORT | $500 |
| CRISIS INTERVENTION CENTER OF ALGONA, IA | GENERAL SUPPORT | $500 |
| TWIN LAKES CHRISTIAN CENTER MANSON, IA | GENERAL SUPPORT | $1,500 |
| NICHOLAS LUDWIG NORTHEAST IOWA CC CALMER, IA | SCHOLARSHIP | $2,000 |
| LUTHERAN FAMILY SERVICE FORT DODGE, IA | GENERAL 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
From 2024 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?
**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.