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.
Key facts about Madison Charitable Foundation Inc
- EIN
- 26-1147137
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,035,970
- Grants made (2024)
- 46
- Average grant
- $22,521
- Median grant
- $10,000
- New grantees (estimate)
- 24% first-time grantees (11 of 45, 2024)
- Total assets
- $2,665,338
- Primary geography
- Texas (55% of itemized 2024 grant dollars)
- How to apply
- The foundation accepts written letters of inquiry. Full details ↓
- Deadline
- No specific deadlines are imposed
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Madison Charitable Foundation Inc funds
By grant dollars, the top recipient states for Madison Charitable Foundation Inc's 46 itemized 2024 grants were Texas (55%), 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). 65% of grants with a stated purpose were for general or operating support.
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 IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Madison Charitable Foundation Inc
- How to evaluate Madison Charitable Foundation Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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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:
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
Share of all 46 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
338 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include University of Houston ($263,470), Uh Cougar Pride Scholarship ($100,000), University of MS Foundation ($70,000).
| 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 |
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
No officer or director reported compensation in the available filings.
From 2024 IRS 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 accepts written letters of inquiry. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.