Madison Charitable Foundation Inc
Madison Charitable Foundation Inc is a private grantmaking foundation established in 2007 and based in Richmond, Texas. The foundation operates as a 501(c)(3) organization and has been tax-exempt since March 2009. It functions as an independent foundation with limited staffing, relying on a board of directors to guide its philanthropic activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.7M
+9.0% YoY
Annual Giving
$1.0M
-66.9% YoY
Grant Count
46
-43.9% YoY
Avg Grant Size
$23K
-41.0% YoY
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.
Mission & Focus Areas
The foundation provides grants primarily in the following areas:
- Arts & Culture
- Education
- Health and Hospitals (including children's hospitals)
- Children's Services
- Social Services
Grantmaking
The foundation demonstrates consistent grant-making activity with 46 grants documented in recent filings.
Grant Range
$10,000
Average Grant
amount varies by year
Review Cycle
** No specific deadlines are imposed
How to Apply
The foundation accepts written letters of inquiry. Applicants should include:
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Geographic Focus
Where this funder awards grants
Approximately 65% of grants remain in Texas. The foundation also provides significant support to organizations in:
- Mississippi
- South Carolina
- Tennessee
- New York
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total Assets: $2,665,338
- Total Revenue: $1,281,161
- Total Expenses: $1,083,099
- Total Liabilities: $0
EIN: 26-1147137
Contact Information:
- Address: 121 FM 359 Rd, Richmond, TX 77406-2401
- Telephone: 281-344-9455
- Contact: Norma Petrosewicz
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,665,338 | $2,444,721 | $3,086,579 |
| Revenue | $1,281,161 | $2,551,573 | $1,405,800 |
| Expenses | $1,083,099 | $3,190,618 | $3,003,000 |
| Qualifying Distributions | $1,035,970 | $3,128,512 | $2,924,806 |
| Net Investment Income | $1,231,268 | $2,493,039 | $1,330,458 |
| Distributable Amount | $412,886 | $450,011 | $592,970 |
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
246 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Houston ($263,470), Uh Cougar Pride Scholarship ($100,000), University of Ms Foundation ($70,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALCORN STATE UNIVERSITY ALCORN STATE, MS | PROGRAM FUNDING | $10,000 |
| ALLEY THEATRE HOUSTON, TX | EDUCATIONAL PROGRAMS | $35,000 |
| AMERICAN FRIENDS OF COVENANT GARDEN NEW YORK, NY | GENERAL FUNDING | $25,000 |
| BLAIR E BATSON HOSPITAL FOR CHILDR JACKSON, MS | CHILDRENS HOSPITAL OPERATING BUILDIN | $50,000 |
| BUT GOD MINISTRIES RIDGELAND, MS | FUNDS TO ASSIST WITH BUILDING | $5,000 |
| CHAUTAUQUA OPERA ENDOWMENT FUND CHAUTAUQUA, NY | GENERAL FUNDING | $1,000 |
| CHAUTAUQUA INSTITUTE OPERA CHAUTAUQUA, NY | GENERAL FUNDING | $10,000 |
| CHAUTAUQUA ROE GREEN THEATRE CENTER CHAUTAUQUA, NY | GENERAL FUNDING | $10,000 |
| COLLEGE COMMUNITY CAREER STAFFORD, TX | GENERAL FUNDING | $5,000 |
| COMMUNITY STEW POT JACKSON, MS | GRANT TO ASSIST WITH POVERTY | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by a board of directors with limited paid staffing:
- Wiley Hatcher – Director
- James O Carpenter – Director
- Lorinda Beth Madison – Director
- Norma M Petrosewicz – Director (Contact person)
All board members serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILEY HATCHER | DIRECTOR | — | — |
| JAMES O CARPENTER | DIRECTOR | — | — |
| LORINDA BETH MADISON | DIRECTOR | — | — |
| NORMA M PETROSEWICZ | DIRECTOR | — | — |
Recent Grant Examples
Recent developments and announcements
Recent grants documented include support for:
Clemson University ($250,000)
University of Mississippi Foundation ($132,500)
University of Texas – School of Law ($100,000)
St. Jude's Children Hospital ($75,000)
United Way ($50,000)
UH Cougar Pride Scholarship ($46,800)
Houston Grand Opera ($191,250)
Stages Repertory Theater ($47,500)
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Madison Charitable Foundation Inc fund?
The foundation provides grants primarily in the following areas: • **Arts & Culture** • **Education** • **Health and Hospitals** (including children's hospitals) • **Children's Services** • **Social Services**
How do I apply for a grant from Madison Charitable Foundation Inc?
The foundation demonstrates consistent grant-making activity with 46 grants documented in recent filings. **Grant Amounts:** • Median grant size: $10,000 • Range: $1,000 to $263,000 • Average grant amount varies by year **Total Giving:** • 2024: $1,035,970 in grants distributed The foundation accepts written letters of inquiry. Applicants should include: • Details on specific requests • Financial impact information • Organization brochures • Projected impact on programs or community **Applicati…
Where does Madison Charitable Foundation Inc make grants?
Approximately 65% of grants remain in Texas. The foundation also provides significant support to organizations in: • Mississippi • South Carolina • Tennessee • New York
What size grants does Madison Charitable Foundation Inc award?
In 2024, Madison Charitable Foundation Inc awarded 46 grants totaling $1.0M — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Madison Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Madison Charitable Foundation Inc reported a distributable amount of $413K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Madison Charitable Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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