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
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:
Ready to take the next step with Madison Charitable Foundation Inc?
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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
William Z Hayes Foundation
DALLAS, TX
Assets
$629K
Grants
4
Total Given
$28K
Tr Uw Jane James Cook Item 19
DALLAS, TX
Assets
$861K
Grants
11
Total Given
$41K
Forsyth Fbo Leonard Wood Memorial
DALLAS, TX
Assets
$320K
Grants
1
Total Given
$18K
Teas Foundation
AMARILLO, TX
Assets
$3.0M
Grants
3
Total Given
$138K
Harold D Miller Endowment Fund
DALLAS, TX
Assets
$890K
Grants
1
Total Given
$44K
Amarillo Business Foundation
AMARILLO, TX
Assets
$4.2M
Grants
13
Total Given
$222K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Madison Charitable Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities