Madison Fund Foundation Inc

Private foundation · Grantmaker Miami, FL EIN: 47-2586473

Madison Fund Foundation Inc is a private foundation, based in Miami, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $929K in total assets. In 2024, it awarded 4 grants totaling $39K. Net investment income was $43K.

Key facts about Madison Fund Foundation Inc

In short: Madison Fund Foundation Inc gave $39K across 4 grants in 2024 (avg $10K), mostly in New York. Source: 2024 IRS Form 990-PF.

EIN
47-2586473
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$39,120
Grants made (2024)
4
Average grant
$9,780
Median grant
$3,750
Total assets
$929,323
Primary geography
New York (83% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$929K

+103.7% YoY

Annual Giving

$39K

+183.1% YoY

Grant Count

4

-33.3% YoY

Avg Grant Size

$10K

+324.6% YoY

How Madison Fund Foundation Inc gives

  • Giving grew 129% from 2021 to 2024. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of 2024 grant dollars across all 4 itemized grants.

Cities

BaltimoreBronxCarmel HamletMcDonoughMemphisNew YorkSan FranciscoTarrytownYonkers

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K5 grants2020 3 grants2021 3 grants2022 6 grants2023 4 grants2024

From 2020 to 2024, annual grant giving ranged from $9K (2020) to $39K (2024). In 2024 it made 4 grants totaling $39K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

21 grants across all recorded years

21<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 21 grants of 21 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
4 grants to individuals Recipients not named —$39,120

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$929,323$456,146$247,434
Revenue$39,557$14,218$7,300
Expenses$43,282$18,987$15,163
Qualifying Distributions$43,282$18,987$15,163
Net Investment Income$42,979$15,193$8,276

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 9, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS October 23, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 10, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 9, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 9, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Madison Fund Foundation Inc is led by Bosheng Li, CEO on every filing since 2020; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Bosheng Li

    CEO

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Han Gu

    CFO

    On filings since 2020

    2 hrs/week

    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 Fund Foundation Inc

How much does Madison Fund Foundation Inc give each year?

Madison Fund Foundation Inc gave $39K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $14K across 6 grants.

What is Madison Fund Foundation Inc's typical grant size?

Madison Fund Foundation Inc's median grant in 2024 was $3,750, and its average grant was $9,780, across 4 grants on its 2024 IRS Form 990-PF.

Where does Madison Fund Foundation Inc give grants?

Madison Fund Foundation Inc gives mostly in New York: 83% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Maryland (13%).

Does Madison Fund Foundation Inc give general operating support?

Not in 2024: none of the 4 grants with a stated purpose on Madison Fund Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.

How large is Madison Fund Foundation Inc?

Madison Fund Foundation Inc reported $929K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $40K.

What is Madison Fund Foundation Inc's EIN?

Madison Fund Foundation Inc's EIN (Employer Identification Number) is 47-2586473. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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