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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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