CHARITABLE
Key facts about The Madison Foundation
- EIN
- 06-1450717
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $142,400
- Grants made (2024)
- 3
- Average grant
- $47,467
- Median grant
- $42,900
- Total assets
- $2,450,342
- Primary geography
- Connecticut (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who The Madison Foundation funds
By grant dollars, the top recipient states for The Madison Foundation's 3 itemized 2024 grants were Connecticut (100%). The most frequent recipient cities were Madison, CT (2 grants). None of its 3 grants with a stated purpose were described as general or operating support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
+12.8% YoY
Annual Giving
$142K
-18.4% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$47K
+8.7% YoY
About The Madison Foundation
Based on IRS filings
The Madison Foundation is a nonprofit organization focused on Health, based in MADISON, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 3 grants totaling $142K. Net investment income was $76K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,450,342 | $2,172,421 | $1,917,568 |
| Revenue | $505,167 | $483,470 | $430,540 |
| Expenses | $363,810 | $390,451 | $292,911 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $75,769 | $52,158 | $28,576 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Open Grants
4 open opportunities from The Madison Foundation
General Grant Program
THE MADISON FOUNDATION
Amount
Varies
Deadline
Rolling / Open
Hero Volunteer Award
THE MADISON FOUNDATION
Amount
$2,500
Deadline
Rolling / Open
Madison Foundation Grant
THE MADISON FOUNDATION
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Ct State Police Spec Invest ($65,000), Daniel Hand High School ($42,900), Madison Youth & Family Servic ($34,500).
| Recipient | Purpose | Amount |
|---|---|---|
| CT STATE POLICE SPEC INVEST MIDDLETOWN, CT | DRUG FREE SCHOOLS | $65,000 |
| DANIEL HAND HIGH SCHOOL MADISON, CT | SCHOLARSHIPS | $42,900 |
| MADISON YOUTH & FAMILY SERVIC MADISON, CT | SUPPORT NEEDY MADISON RESIDENTS | $34,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID ALLEN | President | 3 | — |
| STEPHEN DOWLER | Vice President | 2 | — |
| ANDREW CIALEK | Treasurer | 3 | — |
| JOANNE DUBOSQUE | Director | 2 | — |
| GEOFF PALMER | Director | 2 | — |
| JON LECKERLING | Director | 2 | — |
| LAURIE HEFLIN | Director | 2 | — |
| KAREN SICLARI | Director | 2 | — |
| RENEE PALLENBERG | Director | 2 | — |
| LEIGH HIGGINS | Secretary | 2 | — |
| ALICE GORDON | DIRECTOR EMERITUS | 2 | — |
| GEOFF PALMER | DIRECTOR EMERITUS | 2 | — |
| JOHN BRADY | DIRECTOR EMERITUS | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Madison Foundation?
The Madison Foundation is a nonprofit organization focused on Health, based in MADISON, CT. It holds $2.5M in total assets as of 2024.
How large is The Madison Foundation?
As of 2024, The Madison Foundation holds $2.5M in total assets with $505K in annual revenue. It awarded 3 grants totaling $142K in 2024.
Where does The Madison Foundation operate?
The Madison Foundation has awarded grants in Connecticut, Massachusetts.
What size grants does The Madison Foundation award?
In 2024, The Madison Foundation awarded 3 grants totaling $142K — an average of about $47K per grant, based on its IRS Form 990 filings.
What is The Madison Foundation's EIN?
The Madison Foundation's EIN (Employer Identification Number) is 06-1450717. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Madison Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.