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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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