The Madden Foundation Inc
The Madden Foundation Inc is a private foundation based in Lexington, Kentucky. In 2024, it made 12 grants totaling $541,625 to charitable organizations, with listed recipients in Kentucky and several other states.
The Madden Foundation Inc at a glance
In short: The Madden Foundation Inc gave $542K across 12 grants in 2024 (avg $45K), mostly in Kentucky. 33% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $541,625
- +37.8% vs 2023
- Grants made (2024)
- 12
- -7.7% vs 2023
- Average grant
- $45,135
- +49.3% vs 2023
- Median grant
- $12,500
- Total assets
- $7,998,348
- -23.6% vs 2023
- New grantees (estimate)
- 33% first-time grantees (4 of 12, 2024; small sample)
- Primary geography
- Kentucky (67% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Madden Foundation 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: PO Box 12128, Lexington, KY 40508
Phone: (859) 299-1515
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Madden Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was University of Kentucky ($219K). Together the top 10 received $536K.
Grant Size Distribution
55 grants across all recorded years
The most common grant size was under $50K: 45 grants of 55 (82%).
Geographic Focus
Where this funder awards grants
In 2024, recipients in Kentucky received 67% of grant dollars, those in Pennsylvania received 22%, and those in New York and Texas received 5% each. Recipients in Indiana received 2%.
Grant Distribution by State
Share of 2024 grant dollars across all 12 itemized grants.
Cities
Is The Madden Foundation Inc open to new grantees?
33%
first-time grantees, 2024
In 2024, 4 of 12 grantees (33%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $34K; repeat grants $51K. How we count
Medians: $18K first-time, $13K repeat.
- 58% of 2024 grantees were also funded in 2023. Method
- Giving grew 56% from 2021 to 2024. Method
- In 2024 it paid out 104% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). 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 2024, annual grant giving ranged from $16K (2020) to $542K (2024). In 2024 it made 12 grants totaling $542K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Kentucky Lexington, KY | General Assistance | $218,625 |
| The Hill School Pottstown, PA | General Assistance | $117,000 |
| Commonwealth Causes Inc Lexington, KY | General Assistance | $100,000 |
| Cambridge in America New York, NY | General Assistance | $25,000 |
| SMU Athletics Dallas, TX | General Assistance | $25,000 |
| Kentucky Horse Park Foundation Lexington, KY | General Assistance | $15,000 |
| Bluegrass Care Navigators Lexington, KY | General Assistance | $10,000 |
| Indiana University Southeast New Albany, IN | General Assistance | $10,000 |
| Rowan County Community Fund Lexington, KY | General Assistance | $10,000 |
| Headley-Whitney Museum Lexington, KY | General Assistance | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $7,998,348 | $539,057 | $556,057 | $541,625 | 12 | $547,589 | $547,591 | $525,750 |
| 2023 | $10,472,809 | $369,827 | $453,494 | $393,000 | 13 | $411,851 | $346,333 | $495,682 |
| 2022 | $10,706,272 | $942,170 | $233,718 | $168,050 | 13 | $210,261 | $914,182 | $486,329 |
| 2021 | $9,852,513 | $2,544,204 | $362,182 | $347,650 | 13 | $351,560 | $362,716 | $480,034 |
| 2020 | $6,761,960 | $5,234,577 | $16,483 | $16,473 | 4 | — | — | $1,434 |
Under IRS private-foundation payout rules, The Madden Foundation Inc reported a distributable amount of $526K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to organizations including educational institutions, a community charity, a museum, and a foundation supporting the Kentucky Horse Park. The Hill School describes its mission as preparing students for college, careers, and life; Commonwealth Causes says it works to raise awareness of community needs and inspire donations to local charities. The Headley-Whitney Museum says it connects people with cultures through its arts collections and exhibitions.
Grantmaking
In 2024, the foundation reported 12 grants totaling $541,625. Grants ranged from $1,000 to $218,625, with a median grant of $12,500. The largest awards included $218,625 to the University of Kentucky, $117,000 to The Hill School, and $100,000 to Commonwealth Causes Inc. Each was listed for “general assistance.”
Other grants included $25,000 each to Cambridge in America and SMU Athletics; $15,000 to the Kentucky Horse Park Foundation; $10,000 each to Bluegrass Care Navigators, Indiana University Southeast, and Rowan County Community Fund; and $5,000 each to the Headley-Whitney Museum and The Sayre School. Hobe Sound Community Chest received $1,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Patrick Madden as Director/CEO, Caroline Madden as Director/Secretary, Patrick Fitzgerald as Director/CFO, and Michael Madden as Director.
The Madden Foundation Inc is led by Patrick Madden, Director & CEO since 2021 (on filings since 2020); none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Patrick Madden
Director & CEO
CEO → Director & CEO, 2021
On filings since 2020
1 hr/week
No compensation reported
Caroline Madden
Director & Secretary
Director → Director & Secretary, 2021
On filings since 2020
1 hr/week
No compensation reported
Michael Madden
Director
On filings since 2021
1 hr/week
No compensation reported
Patrick Fitzgerald
Director & CFO
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: Jennifer Madden (2020) — Director
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 The Madden Foundation Inc
How much does The Madden Foundation Inc give each year?
The Madden Foundation Inc gave $542K across 12 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $393K across 13 grants.
What is The Madden Foundation Inc's typical grant size?
The Madden Foundation Inc's median grant in 2024 was $12,500, and its average grant was $45,135, across 12 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Madden Foundation Inc that year got $34K on average.
Where does The Madden Foundation Inc give grants?
The Madden Foundation Inc gives mostly in Kentucky: 67% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Pennsylvania (22%). The most frequent recipient cities were Lexington, KY (7 grants).
Does The Madden Foundation Inc give general operating support?
Yes: 100% of The Madden Foundation Inc's 2024 grants with a stated purpose (12 of 12) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Madden Foundation Inc's largest grantees?
The Madden Foundation Inc's largest 2024 grantees include University of Kentucky ($218,625), The Hill School ($117,000) and Commonwealth Causes Inc ($100,000), according to its 2024 IRS Form 990-PF. Together they received 80% of its itemized 2024 grant dollars.
How large is The Madden Foundation Inc?
The Madden Foundation Inc reported $8.0M in total assets on its 2024 IRS Form 990-PF. It paid out $548K in qualifying distributions that year, against a required minimum of $526K (roughly 5% of its investment assets).
What does The Madden Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants went to organizations including educational institutions, a community charity, a museum, and a foundation supporting the Kentucky Horse Park. See mission & focus areas ↑
How do I apply for a grant from The Madden Foundation 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 The Madden Foundation Inc's EIN?
The Madden Foundation Inc's EIN (Employer Identification Number) is 85-0653202. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Madden Foundation 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
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). The Madden Foundation Inc funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/the-madden-foundation-inc-morg_30c3f5746e0f4e21bb6707310ff57fac
BibTeX
@misc{grantable_850653202_2026,
author = {{Grantable}},
title = {{The Madden Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-madden-foundation-inc-morg_30c3f5746e0f4e21bb6707310ff57fac},
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 The Madden Foundation 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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