Madeira Fund Inc
Madeira Fund Inc is a private foundation based in Indianapolis, Indiana. Its 2024 filing states that it does not directly conduct charitable activities; its directors administer grants to qualified, unrelated 501(c)(3) organizations.
Madeira Fund Inc at a glance
In short: Madeira Fund Inc gave $222K across 49 grants in 2025 (avg $5K), mostly in Indiana. 31% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $221,524
- +25.0% vs 2024
- Grants made (2025)
- 49
- +32.4% vs 2024
- Average grant
- $4,521
- -5.6% vs 2024
- Median grant
- $1,000
- Total assets
- $2,877,303
- -6.7% vs 2024
- New grantees (estimate)
- 31% first-time grantees (15 of 49, 2025)
- Primary geography
- Indiana (92% 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 Madeira Fund Inc
- How to Apply
-
The 2024 filing says the foundation does not restrict giving to preselected organizations. It lists the contact as Madeira Fund Inc, says any form and materials may be used, and lists no restrictions on awards.
- Review Cycle
- N/A, as stated on the 2024 filing.
- Deadline
- N/A, as stated on the 2024 filing.
- Contact
Application contact: Madeira Fund Inc
Mailing address: 3603 E Raymond St, Indianapolis, IN 46203
Phone: (317) 791-2955
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Madeira Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Indianapolis Film Project Inc ($107K). Together the top 10 received $168K.
Grant Size Distribution
142 grants across all recorded years
The most common grant size was under $50K: 138 grants of 142 (97%).
Geographic Focus
Where this funder awards grants
In 2025, 92% of grant dollars went to recipients in Indiana. The remaining reported shares were New York (3%), Washington, DC (2%), Connecticut (1%), and Tennessee (0%).
Grant Distribution by State
Share of 2025 grant dollars across all 49 itemized grants.
States
Cities
Is Madeira Fund Inc open to new grantees?
31%
first-time grantees, 2025
In 2025, 15 of 49 grantees (31%) were first-time recipients. First grants averaged $2K; repeat grants $6K. How we count
Medians: $1K first-time, $1K repeat.
- 61% of 2025 grantees were also funded in 2024. Method
- Giving grew 188% from 2022 to 2025. Method
- In 2025 it paid out 45% 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 (2021–2025). 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 2021 to 2025, annual grant giving ranged from $77K (2022) to $237K (2023). In 2025 it made 49 grants totaling $222K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Indianapolis Film Project Inc Indianapolis, IN | Unrestricted | $107,470 |
| Big Car Media Inc Indianapolis, IN | Unrestricted | $20,000 |
| Eagle Creek Nature Conservancy & Preservation Inc Indianapolis, IN | Unrestricted | $9,800 |
| Kheprw Institute Indianapolis, IN | Unrestricted | $6,000 |
| Bigger Picture Film Group Indianapolis, IN | Unrestricted | $5,000 |
| Hoosier Environmental Council Indianapolis, IN | Unrestricted | $5,000 |
| Planned Parenthood of Indiana & Kentucky Indianapolis, IN | Unrestricted | $5,000 |
| Eskenazi Health Foundation Inc Indianapolis, IN | Unrestricted | $3,500 |
| Second Helpings Inc Indianapolis, IN | Unrestricted | $3,000 |
| Syrian Emergency Task Force Washington, DC | Unrestricted | $3,000 |
Ready to take the next step with Madeira Fund Inc?
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 | $2,877,303 | $343,753 | $246,995 | $221,524 | 49 | $230,914 | $327,672 | $512,720 |
| 2024 | $3,084,626 | $436,287 | $190,645 | $177,269 | 37 | $177,269 | $121,737 | $424,138 |
| 2023 | $2,838,984 | $18,489 | $253,268 | $237,002 | 18 | $241,697 | $96,827 | $281,961 |
| 2022 | $3,073,763 | $665,965 | $96,624 | $77,000 | 15 | $83,745 | $143,317 | $249,997 |
| 2021 | $2,504,422 | $559,138 | $139,746 | $106,200 | 23 | — | $165,818 | $186,014 |
Under IRS private-foundation payout rules, Madeira Fund Inc reported a distributable amount of $513K 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 does not state a mission in the provided information. Its grants support a range of charitable organizations. For example, Indianapolis Film Project says its mission is to exhibit high-quality films, entertain and educate people from all backgrounds, and inspire conversation and community engagement. Big Car Media describes its work as bringing art to people and people to art while supporting creativity and community-building.
Other 2025 recipients describe work in youth leadership and community empowerment (Kheprw Institute), environmental health and sustainable communities (Hoosier Environmental Council), community health (Eskenazi Health Foundation), hands-on STEM education (The STEM Connection), and hunger relief and culinary job training (Second Helpings).
Grantmaking
In 2025, the foundation reported 49 grants totaling $221,524. Grants ranged from $200 to $107,470, with a median of $1,000. The largest grants included Indianapolis Film Project ($107,470), Big Car Media ($20,000), Eagle Creek Nature Conservancy & Preservation ($9,800), Kheprw Institute ($6,000), and Bigger Picture Film Group ($5,000). The listed 2025 grants were designated unrestricted.
The foundation reported 37 grants totaling $177,269 in 2024 and 18 grants totaling $237,002 in 2023.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Samuel B Sutphin II as secretary/treasurer, Carol E Dinneen as president, and Samuel Bernarde Sutphin as director.
Madeira Fund Inc is led by Carol E. Dinneen, President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Carol E. Dinneen
President
On filings since 2021
1 hr/week
No compensation reported
Samuel Bernarde Sutphin
Director
On filings since 2021
1 hr/week
No compensation reported
Samuel B. Sutphin II
Secretary & Treasurer
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Madeira Fund Inc
How much does Madeira Fund Inc give each year?
Madeira Fund Inc gave $222K across 49 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $177K across 37 grants.
What is Madeira Fund Inc's typical grant size?
Madeira Fund Inc's median grant in 2025 was $1,000, and its average grant was $4,521, across 49 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Madeira Fund Inc that year got $2K on average.
Where does Madeira Fund Inc give grants?
Madeira Fund Inc gives mostly in Indiana: 92% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Indianapolis, IN (30 grants) and Washington, DC (2 grants).
Does Madeira Fund Inc give general operating support?
Yes: 98% of Madeira Fund Inc's 2025 grants with a stated purpose (48 of 49) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Madeira Fund Inc's largest grantees?
Madeira Fund Inc's largest 2025 grantees include Indianapolis Film Project Inc ($107,470), Big Car Media Inc ($20,000) and Eagle Creek Nature Conservancy & Preservation Inc ($9,800), according to its 2025 IRS Form 990-PF. Together they received 62% of its itemized 2025 grant dollars.
How large is Madeira Fund Inc?
Madeira Fund Inc reported $2.9M in total assets on its 2025 IRS Form 990-PF. It paid out $231K in qualifying distributions that year, against a required minimum of $513K (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 Madeira Fund Inc fund?
The foundation does not state a mission in the provided information. Its grants support a range of charitable organizations. See mission & focus areas ↑
How do I apply for a grant from Madeira Fund Inc?
The 2024 filing says the foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Madeira Fund Inc's EIN?
Madeira Fund Inc's EIN (Employer Identification Number) is 46-1584806. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 18, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 11, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 17, 2026)
- IRS filings on file for fiscal years 2021–2024
Explore Open Grants
Browse active grant opportunities in Madeira Fund Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Madeira Fund Inc funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/madeira-fund-inc-morg_55f2dedc77ad4b2c8230170197b7a5cf
BibTeX
@misc{grantable_461584806_2026,
author = {{Grantable}},
title = {{Madeira Fund Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/madeira-fund-inc-morg_55f2dedc77ad4b2c8230170197b7a5cf},
note = {Accessed 2026-10-14. 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 Madeira Fund Inc'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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