The Malone Family Foundation
The Malone Family Foundation is a private family foundation established in 1997 by Dr. John C. Malone, a communications and media executive and investor, and his family. The foundation is a 501(c)(3) organization with primary locations in Hobe Sound, Florida and Birmingham, Alabama. The foundation operates as a grantmaking organization with no employees on staff beyond its executive director.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$88.3M
-1.4% YoY
Annual Giving
$3.2M
-89.1% YoY
Grant Count
4
-92.7% YoY
Avg Grant Size
$805K
+50.2% YoY
Under IRS private-foundation payout rules, The Malone Family Foundation reported a distributable amount of $6.9M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to promote positive changes in the lives of people who can build and enhance their communities. The foundation supports initiatives that improve the quality of education, motivation, and self-esteem of students from pre-kindergarten through higher education.
The foundation has a particularly strong interest in supporting innovative endeavors that lead to a better-educated population and a higher standard of living. Its primary focus is improving access to quality education—particularly at the secondary school level—for highly capable students who lack the financial resources to develop their talents.
Grantmaking
The foundation made five grants in 2024, including:
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Geographic Focus
Where this funder awards grants
The Malone Scholars network spans 50 independent secondary schools across the United States, with representation in all major regions including:
Alabama, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, and additional states.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending December 2024:
- Total Assets: $88,301,151
- Total Revenues: $3,705,386
- Total Expenses: $4,996,084
- Investment Income and Dividends: $2,907,812
- Net Gain from Sale of Non-Inventory Assets: $782,606
- Total Liabilities: $0
As of Fiscal Year Ending December 2023:
- Total Assets: $127,000,000 (approximately)
- Total Distributions: $30,000,000 (approximately)
- Investment Income and Dividends: $3,421,871
The foundation's revenues are primarily derived from investment income and gains on asset sales rather than contributions.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $88,301,151 | $89,593,032 | $111,327,398 |
| Revenue | $3,705,386 | $9,362,873 | $8,760,105 |
| Expenses | $4,996,084 | $31,097,241 | $9,096,867 |
| Qualifying Distributions | $3,230,125 | $29,505,835 | $7,208,432 |
| Net Investment Income | $2,020,239 | $10,729,834 | $4,816,266 |
| Distributable Amount | $6,869,947 | $6,301,962 | $7,240,742 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
67 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boothbay Region Ymca ($2,000,000), Harmony Amatuer Sports Foundation ($1,121,440), Dsst Public Schools Fdn ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOOTHBAY REGION YMCA BOOTHBAY HARBOR, ME | GENERAL | $2,000,000 |
| DSST PUBLIC SCHOOLS FDN MINNEAPOLIS, MN | GENERAL | $50,000 |
| GLOBAL DOWN SYNDROME FDN DENVER, CO | GENERAL | $50,000 |
| HARMONY AMATUER SPORTS FOUNDATION ENGLEWOOD, CO | RESTRICTED | $1,121,440 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board & Staff:
- John C. Malone – Chairman and Treasurer
- Leslie A. Malone – Secretary
- Evan Malone – President
- Cathie Wlaschin – Executive Director (compensation: $118,256)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN C MALONE | CHAIRMAN AND TREASURER | 0.8 | — |
| LESLIE A MALONE | SECRETARY | 0.1 | — |
| EVAN MALONE | PRESIDENT | 0.1 | — |
Recent News & Activity
Recent developments and announcements
The foundation continues to support its network of Malone Scholars schools. Recent grant activity includes major contributions to educational institutions and organizations aligned with its mission of improving educational access and quality for capable students.
[PDF] Form 990-PF - Malone Family FoundationSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Malone Family Foundation fund?
The foundation's mission is to promote positive changes in the lives of people who can build and enhance their communities. The foundation supports initiatives that improve the quality of education, motivation, and self-esteem of students from pre-kindergarten through higher education. The foundation has a particularly strong interest in supporting innovative endeavors that lead to a better-educated population and a higher standard of living. Its primary focus is improving access to quality edu…
How do I apply for a grant from The Malone Family Foundation?
**Grant Activity:** The foundation made five grants in 2024, including: • Boothbay Region YMCA: $2,000,000 (general grant) • Global Down Syndrome Foundation: $50,000 (general grant) **Grant Characteristics:** The foundation primarily funds endowments to independent secondary schools for scholarships for underfunded, highly capable students. A small discretionary fund also supports gifted research. The foundation does not award funds directly to individuals; schools select and fund scholars annu…
Where does The Malone Family Foundation make grants?
The Malone Scholars network spans 50 independent secondary schools across the United States, with representation in all major regions including: Alabama, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania…
What size grants does The Malone Family Foundation award?
In 2024, The Malone Family Foundation awarded 4 grants totaling $3.2M — an average of about $805K per grant, based on its IRS Form 990 filings.
How much is The Malone Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Malone Family Foundation reported a distributable amount of $6.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Malone Family Foundation's EIN?
The Malone Family Foundation's EIN (Employer Identification Number) is 84-1408520. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Malone Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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