Madison Charitable Foundation Inc
Madison Charitable Foundation Inc is a private foundation based in Richmond, Texas. Its 2024 filing records grants to organizations in Texas, Mississippi, New York, Tennessee, and South Carolina, including universities, health organizations, arts groups, and social-service nonprofits.
Madison Charitable Foundation Inc at a glance
In short: Madison Charitable Foundation Inc gave $1.0M across 46 grants in 2024 (avg $23K), mostly in Texas. 24% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,035,970
- -66.9% vs 2023
- Grants made (2024)
- 46
- -43.9% vs 2023
- Average grant
- $22,521
- -41.0% vs 2023
- Median grant
- $10,000
- Total assets
- $2,665,338
- +9.0% vs 2023
- New grantees (estimate)
- 24% first-time grantees (11 of 45, 2024)
- Primary geography
- Texas (55% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Madison Charitable Foundation Inc
- Accepts unsolicited proposals
- Yes
- Contact
Application contact: Norma Petrosewicz
Mailing address: 121 Fm 359 Rd, Richmond, TX 77406
Phone: (281) 344-9455
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Madison Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was University of Houston ($263K). Together the top 10 received $689K.
Grant Size Distribution
338 grants across all recorded years
The most common grant size was under $50K: 254 grants of 338 (75%).
Geographic Focus
Where this funder awards grants
In 2024, 55% of grant dollars went to recipients in Texas and 33% to recipients in Mississippi. The remaining reported shares were New York (6%), Tennessee (5%), and South Carolina (0%, as reported).
Grant Distribution by State
Share of 2024 grant dollars across all 46 itemized grants.
States
Cities
Is Madison Charitable Foundation Inc open to new grantees?
24%
first-time grantees, 2024
In 2024, 11 of 45 grantees (24%) were first-time recipients. First grants averaged $7K; repeat grants $25K. How we count
Medians: $5K first-time, $15K repeat.
- 73% of 2024 grantees were also funded in 2023. Method
- Giving fell 47% from 2021 to 2024. Method
- In 2024 it paid out 251% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). 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 2024, annual grant giving ranged from $1.0M (2024) to $3.1M (2023). In 2024 it made 46 grants totaling $1.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Houston Houston, TX | Grant to Fund Scholarships | $263,470 |
| Uh Cougar Pride Scholarship Houston, TX | Scholarship Program | $100,000 |
| University of MS Foundation Oxford, MS | Support of University Projects | $70,000 |
| Blair E Batson Hospital for Childr Jackson, MS | Childrens Hospital Operating Buildin | $50,000 |
| St Jude's Children Hospital Memphis, TN | Funding for Cancer Research | $50,000 |
| Houston Grand Opera Houston, TX | General Funding for Houston Performi | $46,000 |
| Alley Theatre Houston, TX | Educational Programs | $35,000 |
| American Friends of Covenant Garden New York, NY | General Funding | $25,000 |
| Community Stew Pot Jackson, MS | Grant to Assist with Poverty | $25,000 |
| Courage Ranch Floresville, TX | General Funding | $25,000 |
Ready to take the next step with Madison Charitable Foundation Inc?
Financial History
Multi-year comparison from IRS filings
EIN: 26-1147137.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,665,338 | $1,281,161 | $1,083,099 | $1,035,970 | 46 | $1,035,970 | $1,231,268 | $412,886 |
| 2023 | $2,444,721 | $2,551,573 | $3,190,618 | $3,128,512 | 82 | $3,128,512 | $2,493,039 | $450,011 |
| 2022 | $3,086,579 | $1,405,800 | $3,003,000 | $2,924,806 | 70 | $2,924,806 | $1,330,458 | $592,970 |
| 2021 | $4,652,464 | $1,779,989 | $2,046,382 | $1,961,064 | 67 | $1,961,064 | $1,697,828 | $709,995 |
| 2020 | $4,875,993 | $1,733,038 | $2,628,342 | $2,545,575 | 73 | — | $1,657,845 | $643,191 |
Under IRS private-foundation payout rules, Madison Charitable Foundation Inc reported a distributable amount of $413K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for scholarships and university projects, hospitals and medical research, arts and cultural organizations, and organizations serving people facing poverty, health needs, disability, or other challenges.
The supported organizations describe their work in varied ways. Alley Theatre says it aims to inspire and enchant people through theatrical experiences centered on its Resident Acting Company. Courage Ranch describes providing trauma care through equine-assisted therapy. The Foundation for Teen Health supports the Teen Health Clinic at Baylor College of Medicine, which provides primary and reproductive health care to low-income adolescents and young adults. Other 2024 recipients include organizations providing education for young people with intellectual disabilities, meals, residential and foster care for children, accessible camp experiences, and arts and cinema programming.
Grantmaking
In 2024, the foundation reported 46 grants totaling $1,035,970. Grant amounts ranged from $1,000 to $263,470, with a median of $10,000.
Among the largest reported awards were $263,470 to the University of Houston for scholarships, $100,000 to the UH Cougar Pride Scholarship program, and $70,000 to the University of Mississippi Foundation for university projects. Other notable grants included $50,000 each to Blair E. Batson Hospital for Children and St. Jude’s Children Hospital, and $46,000 to Houston Grand Opera.
The foundation states that it does not restrict giving to preselected organizations. How to apply: It accepts unsolicited requests by written letter describing the specific request. Applicants should include information on financial impact, organization brochures, and projected impact on programs or the community. The filing states that there are no restrictions on gifts.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Wiley Hatcher, James O. Carpenter, Lorinda Beth Madison, and Norma M. Petrosewicz as directors. Norma Petrosewicz is listed as the contact for application inquiries.
Madison Charitable Foundation Inc's 2024 filing lists 4 officers; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
James O. Carpenter
Director
On filings since 2020
No compensation reported
Lorinda Beth Madison
Director
On filings since 2020
No compensation reported
Norma M. Petrosewicz
Director
On filings since 2020
No compensation reported
Wiley Hatcher
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Madison Charitable Foundation Inc
How much does Madison Charitable Foundation Inc give each year?
Madison Charitable Foundation Inc gave $1.0M across 46 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.1M across 82 grants.
What is Madison Charitable Foundation Inc's typical grant size?
Madison Charitable Foundation Inc's median grant in 2024 was $10,000, and its average grant was $22,521, across 46 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Madison Charitable Foundation Inc that year got $7K on average.
Where does Madison Charitable Foundation Inc give grants?
Madison Charitable Foundation Inc gives mostly in Texas: 55% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Mississippi (33%) and New York (6%). The most frequent recipient cities were Houston, TX (12 grants), Jackson, MS (6 grants), Chautauqua, NY (3 grants) and Oxford, MS (2 grants).
Does Madison Charitable Foundation Inc give general operating support?
Yes: 65% of Madison Charitable Foundation Inc's 2024 grants with a stated purpose (30 of 46) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Madison Charitable Foundation Inc's largest grantees?
Madison Charitable Foundation Inc's largest 2024 grantees include University of Houston ($263,470), Uh Cougar Pride Scholarship ($100,000) and University of MS Foundation ($70,000), according to its 2024 IRS Form 990-PF. Together they received 42% of its itemized 2024 grant dollars.
How large is Madison Charitable Foundation Inc?
Madison Charitable Foundation Inc reported $2.7M in total assets on its 2024 IRS Form 990-PF. It paid out $1.0M in qualifying distributions that year, against a required minimum of $413K (roughly 5% of its investment assets).
What does Madison Charitable Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants show support for scholarships and university projects, hospitals and medical research, arts and cultural organizations, and organizations serving people facing poverty, health needs, disability, or other challenges. See mission & focus areas ↑
How do I apply for a grant from Madison Charitable Foundation Inc?
Madison Charitable Foundation Inc has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Madison Charitable Foundation Inc's EIN?
Madison Charitable Foundation Inc's EIN (Employer Identification Number) is 26-1147137. IRS Form 990 filing data is available on this page for 2020–2024.
Does Madison Charitable Foundation Inc accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Madison Charitable Foundation Inc funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/madison-charitable-foundation-inc-morg_a0ed97b7eb954ec885e4e20d923764d8
BibTeX
@misc{grantable_261147137_2026,
author = {{Grantable}},
title = {{Madison Charitable Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/madison-charitable-foundation-inc-morg_a0ed97b7eb954ec885e4e20d923764d8},
note = {Accessed 2026-10-16. 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 Madison Charitable Foundation 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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