Madmone Inc
Madmone Inc is a private foundation based in Richmond, Virginia. Its 2025 filing reports 39 grants totaling $361,500 to charitable organizations.
Madmone Inc at a glance
In short: Madmone Inc gave $362K across 39 grants in 2025 (avg $9K), mostly in Virginia. 18% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $361,500
- +9.5% vs 2024
- Grants made (2025)
- 39
- +2.6% vs 2024
- Average grant
- $9,269
- +6.7% vs 2024
- Median grant
- $5,000
- Total assets
- $3,267,164
- +0.4% vs 2024
- New grantees (estimate)
- 18% first-time grantees (7 of 39, 2025)
- Primary geography
- Virginia (53% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Madmone Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations.
- Contact
Mailing address: 453 Rivergate Drive, Richmond, VA 23238
Phone: (516) 734-3703
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Madmone Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Bon Secours Foundation ($78K). Together the top 10 received $258K.
Grant Size Distribution
191 grants across all recorded years
The most common grant size was under $50K: 181 grants of 191 (95%).
Geographic Focus
Where this funder awards grants
In 2025, 53% of grant dollars went to recipients in Virginia, 14% to Massachusetts, and 7% each to Ohio, Colorado, and Missouri.
Grant Distribution by State
Share of 2025 grant dollars across all 39 itemized grants.
States
Cities
Is Madmone Inc open to new grantees?
18%
first-time grantees, 2025
In 2025, 7 of 39 grantees (18%) were first-time recipients. First grants averaged $4K; repeat grants $10K. How we count
Medians: $3K first-time, $5K repeat.
- 77% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+15%). Method
- In 2025 it paid out 100% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). 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 2025, annual grant giving ranged from $289K (2023) to $362K (2025). In 2025 it made 39 grants totaling $362K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bon Secours Foundation Richmond, VA | To Support Charitable Purpose | $77,500 |
| Worcester Polytechnic Institute Worcester, MA | To Support Charitable Purpose | $50,000 |
| Cleveland Hearing and Speech Cleveland, OH | To Support Charitable Purpose | $25,000 |
| Society of the Sacred Heart St. Louis, MO | To Support Charitable Purpose | $25,000 |
| CKG Fdn Speak up Henrico, VA | To Support Charitable Purpose | $15,000 |
| Feed More Richmond, VA | To Support Charitable Purpose | $15,000 |
| Ouray Ice Park Ouray, CO | To Support Charitable Purpose | $15,000 |
| Richmond SPCA Richmond, VA | To Support Charitable Purpose | $15,000 |
| Colorado Grand Inc Broomfield, CO | To Support Charitable Purpose | $10,000 |
| Ronald McDonald House Richmond, VA | To Support Charitable Purpose | $10,000 |
Ready to take the next step with Madmone Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,267,164 | $434,130 | $408,355 | $361,500 | 39 | $361,500 | $434,130 | $360,957 |
| 2024 | $3,255,630 | $590,444 | $370,561 | $330,000 | 38 | $330,000 | $575,372 | $317,914 |
| 2023 | $3,021,072 | $405,858 | $326,604 | $288,500 | 36 | $288,500 | $387,289 | $281,324 |
| 2022 | $2,945,722 | $183,369 | $358,646 | $313,000 | 42 | $313,000 | $153,695 | $296,378 |
| 2021 | $3,095,173 | $684,761 | $362,961 | $331,000 | 36 | $331,000 | $656,550 | $316,222 |
| 2020 | $2,782,085 | $185,709 | $320,086 | $296,000 | 31 | — | $161,623 | $261,887 |
Under IRS private-foundation payout rules, Madmone Inc reported a distributable amount of $361K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The available information does not state a mission for the foundation. Its 2025 grants include support for organizations working in areas such as education, hunger relief, animal welfare, conservation, and community experiences. These are descriptions of grantees’ work, not stated priorities of the foundation.
For example, Worcester Polytechnic Institute describes its mission as transforming lives, turning knowledge into action to confront global challenges, and advancing STEM through education, projects, and research. Feed More says it fights hunger in Central Virginia, while Ouray Ice Park says it promotes ice climbing by managing and maintaining its park.
Grantmaking
In 2025, MADMONE reported 39 grants totaling $361,500. Grants ranged from $1,000 to $77,500, with a median of $5,000.
Among the larger grants were $77,500 to Bon Secours Foundation, $50,000 to Worcester Polytechnic Institute, $25,000 each to Cleveland Hearing and Speech and Society of the Sacred Heart, and $15,000 each to CKG Fdn Speak Up, Feed More, Ouray Ice Park, and Richmond SPCA. Other reported recipients included Colorado Grand Inc. ($10,000), Ronald McDonald House ($10,000), and Canine Companions ($10,000).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Mark F. O’Neil as director and president; Monique C. O’Neil as director and vice president; and Mary-Frances Horan as director, treasurer, and secretary.
Madmone Inc is led by Mark F. O'Neil, Director & President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mark F. O'Neil
Director & President
On filings since 2020
No compensation reported
Mary-Frances Horan
Director, Treasurer & Secretary
On filings since 2020
No compensation reported
Monique C. O'Neil
Director & Vice President
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Madmone Inc
How much does Madmone Inc give each year?
Madmone Inc gave $362K across 39 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $330K across 38 grants.
What is Madmone Inc's typical grant size?
Madmone Inc's median grant in 2025 was $5,000, and its average grant was $9,269, across 39 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Madmone Inc that year got $4K on average.
Where does Madmone Inc give grants?
Madmone Inc gives mostly in Virginia: 53% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Massachusetts (14%) and Ohio (7%). The most frequent recipient cities were Richmond, VA (14 grants), Henrico, VA (3 grants) and Washington DC, DC (2 grants).
Who are Madmone Inc's largest grantees?
Madmone Inc's largest 2025 grantees include Bon Secours Foundation ($77,500), Worcester Polytechnic Institute ($50,000) and Cleveland Hearing and Speech ($25,000), according to its 2025 IRS Form 990-PF. Together they received 42% of its itemized 2025 grant dollars.
How large is Madmone Inc?
Madmone Inc reported $3.3M in total assets on its 2025 IRS Form 990-PF. It paid out $362K in qualifying distributions that year, against a required minimum of $361K (roughly 5% of its investment assets).
What does Madmone Inc fund?
The available information does not state a mission for the foundation. Its 2025 grants include support for organizations working in areas such as education, hunger relief, animal welfare, conservation, and community experiences. See mission & focus areas ↑
How do I apply for a grant from Madmone Inc?
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Madmone Inc's EIN?
Madmone Inc's EIN (Employer Identification Number) is 47-5131103. IRS Form 990 filing data is available on this page for 2020–2025.
Does Madmone Inc accept unsolicited proposals?
No, 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
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Madmone Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Madmone Inc funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/madmone-inc-morg_603cd0293cba4d7d8e8dc673e31109b1
BibTeX
@misc{grantable_475131103_2026,
author = {{Grantable}},
title = {{Madmone Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/madmone-inc-morg_603cd0293cba4d7d8e8dc673e31109b1},
note = {Accessed 2026-10-12. 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 Madmone 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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