Madrigal Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHILADELPHIA, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.7M in total assets. In 2024, it awarded 1 grants totaling $440K. Net investment income was $438K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.7M
-0.3% YoY
Annual Giving
$440K
-1.7% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$440K
+195.0% YoY
Under IRS private-foundation payout rules, Madrigal Foundation reported a distributable amount of $478K for 2024 — the minimum it must pay out in qualifying distributions.
About Madrigal Foundation
Based on IRS filings
Madrigal Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHILADELPHIA, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.7M in total assets. In 2024, it awarded 1 grants totaling $440K. Net investment income was $438K.
Focus Areas
Ready to take the next step with Madrigal Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,748,279 | $7,773,905 | $8,082,773 |
| Revenue | $457,772 | $185,756 | $38,559 |
| Expenses | $483,398 | $494,624 | $507,675 |
| Qualifying Distributions | $461,218 | $447,500 | $455,000 |
| Net Investment Income | $437,592 | $156,099 | $98,117 |
| Distributable Amount | $477,615 | $432,345 | $448,630 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Vanguard Charitable Endowment Program (the Madrigal Fund) ($440,000).
| Recipient | Purpose | Amount |
|---|---|---|
| VANGUARD CHARITABLE ENDOWMENT PROGRAM (THE MADRIGAL FUND) WARWICK, RI | CONTRIBUTION TO THE MADRIGAL FUND | $440,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANNE C SHERRERD | DIRECTOR AND PRESIDENT | 0.1 | — |
| MICHELLE FORT | DIRECTOR AND SECRETARY | 0.1 | — |
| ALEXANDRA LAIRD | DIRECTOR AND TREASURER | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Madrigal Foundation?
Madrigal Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHILADELPHIA, PA. It holds $7.7M in total assets as of 2024.
How large is Madrigal Foundation?
As of 2024, Madrigal Foundation holds $7.7M in total assets with $458K in annual revenue. It awarded 1 grants totaling $440K in 2024.
Where does Madrigal Foundation operate?
Madrigal Foundation has awarded grants in Connecticut, New Jersey, Ohio, Rhode Island.
What size grants does Madrigal Foundation award?
In 2024, Madrigal Foundation awarded 1 grants totaling $440K — an average of about $440K per grant, based on its IRS Form 990 filings.
How much is Madrigal Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Madrigal Foundation reported a distributable amount of $478K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Madrigal Foundation's EIN?
Madrigal Foundation's EIN (Employer Identification Number) is 81-4881123. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Madrigal Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Gs Donor Advised Philanthropy Fund
NEW YORK, NY
Assets
$12.7B
Grants
7,424
Total Given
$3.0B
The Blackbaud Giving Fund
CHARLESTON SC, SC
Assets
$52.7M
Grants
1,860
Total Given
$41.4M
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
The Bessemer Giving Fund
WOODBRIDGE, NJ
Assets
$948.2M
Grants
1,653
Total Given
$138.5M
The Goldman Sachs Charitable Gift Fund
NEW YORK, NY
Assets
$518.0M
Grants
2,485
Total Given
$212.1M
Jewish Communal Fund
NEW YORK, NY
Assets
$3.0B
Grants
4,673
Total Given
$953.3M
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
T Rowe Price Program for Charitable
BALTIMORE, MD
Assets
$648.3M
Grants
2,900
Total Given
$132.5M
The Chicago Community Trust
CHICAGO, IL
Assets
$6.0B
Grants
3,976
Total Given
$1.4B
Tulsa Community Foundation
TULSA, OK
Assets
$1.1B
Grants
1,066
Total Given
$158.6M
Seattle Foundation
SEATTLE, WA
Assets
$1.4B
Grants
5,379
Total Given
$177.9M
Bny Mellon Charitable Gift Fund
BOSTON, MA
Assets
$2.0M
Grants
1,503
Total Given
$720.2M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Madrigal Foundation 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