The Mathews Legacy Foundation

Private foundation · Grantmaker Wilmington, DE EIN: 84-4445567

The Mathews Legacy Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $557K in total assets. In 2025, it awarded 3 grants totaling $30K. Net investment income was $109K.

Key facts about The Mathews Legacy Foundation

In short: The Mathews Legacy Foundation gave $30K across 3 grants in 2025 (avg $10K), mostly in Washington. Source: 2025 IRS Form 990-PF.

EIN
84-4445567
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$30,025
Grants made (2025)
3
Average grant
$10,008
Median grant
$10,000
Total assets
$556,969
Primary geography
Washington (50% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$557K

-3.8% YoY

Annual Giving

$30K

+100.2% YoY

Grant Count

3

+200.0% YoY

Avg Grant Size

$10K

-33.3% YoY

Under IRS private-foundation payout rules, The Mathews Legacy Foundation reported a distributable amount of $35K for 2025 — the minimum it must pay out in qualifying distributions.

How The Mathews Legacy Foundation gives

  • Giving grew 200% from 2022 to 2025. Method
  • In 2025 it paid out 116% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2025 grant dollars across all 3 itemized grants.

Cities

SeattleBozemanBentonRenoVancouver

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K0 grants2020 4 grants2021 1 grant2022 1 grant2023 1 grant2024 3 grants2025

From 2021 to 2025, annual grant giving ranged from $10K (2022) to $30K (2025). In 2025 it made 3 grants totaling $30K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

Treehouse: $15KTreehouse$15KRennervation Foundation: $10KRennervation Foundation$10KBridger Ski Foundation: $5KBridger Ski Foundation$5K

The largest 2025 recipient was Treehouse ($15K). Together the top 3 received $30K.

Grant Size Distribution

10 grants across all recorded years

10<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 10 grants of 10 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Treehouse Seattle, WAGeneral & Unrestricted$15,000
Rennervation Foundation Reno, NVGeneral & Unrestricted$10,000
Bridger Ski Foundation Bozeman, MTGeneral & Unrestricted$5,025

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$556,969$579,219$502,063
Revenue$21,475$105,600$61,025
Expenses$43,725$28,444$23,703
Qualifying Distributions$40,445$26,185$20,055
Net Investment Income$109,197$32,831$11,687
Distributable Amount$34,884$29,476$21,093

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS September 9, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 26, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 5, 2023)
  4. Added Form 990-PF for fiscal year 2023 (received by the IRS May 2, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS September 25, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)

Leadership & Key People

Officers and directors from IRS filings

The Mathews Legacy Foundation is led by Karin L Mathews, Director, President, Secretary & Treasurer on every filing since 2020; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Karin L Mathews

    Director, President, Secretary & Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

  • Connor Mathew Golembeski

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Megan Elizabeth Golembeski

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2025. "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 Mathews Legacy Foundation

How much does The Mathews Legacy Foundation give each year?

The Mathews Legacy Foundation gave $30K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $15K across 1 grant.

What is The Mathews Legacy Foundation's typical grant size?

The Mathews Legacy Foundation's median grant in 2025 was $10,000, and its average grant was $10,008, across 3 grants on its 2025 IRS Form 990-PF.

Where does The Mathews Legacy Foundation give grants?

The Mathews Legacy Foundation gives mostly in Washington: 50% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Nevada (33%) and Montana (17%).

Does The Mathews Legacy Foundation give general operating support?

Yes: 100% of The Mathews Legacy Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.

How large is The Mathews Legacy Foundation?

The Mathews Legacy Foundation reported $557K in total assets on its 2025 IRS Form 990-PF. It paid out $40K in qualifying distributions that year, against a required minimum of $35K (roughly 5% of its investment assets).

What is The Mathews Legacy Foundation's EIN?

The Mathews Legacy Foundation's EIN (Employer Identification Number) is 84-4445567. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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