The Maxon Foundation

Foundation · Grantmaker Milwaukee, WI EIN: 31-6045992

The Maxon Foundation is a private foundation based in Milwaukee, Wisconsin, established in 1965 and designated as a 501(c)(3) organization. The foundation operates as a grantmaking entity with US Bank N.A. serving as its trustee.

Key facts about The Maxon Foundation

EIN: 31-6045992
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $1,921,300
Grants made (2024): 8
Average grant: $240,163
Median grant: $207,550
Total assets: $25,026,834
Primary geography: Ohio (42% of itemized 2024 grant dollars)
How to apply: No specific application procedures or deadlines are documented in available sources. Full details ↓

Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Who The Maxon Foundation funds

By grant dollars, the top recipient states for The Maxon Foundation's 8 itemized 2024 grants were Ohio (42%), Kentucky (31%) and Michigan (27%). The most frequent recipient cities were Cincinnati, OH (3 grants). 100% of grants with a stated purpose were for general or operating support.

How The Maxon Foundation gives

Giving held roughly steady from 2021 to 2024 (+1%). Method
In 2024 it paid out 87% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

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

Next steps with The Maxon Foundation

How to evaluate The Maxon Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$25.0M

-1.5% YoY

Annual Giving

$1.9M

+11.2% YoY

Grant Count

+33.3% YoY

Avg Grant Size

$240K

-16.6% YoY

Under IRS private-foundation payout rules, The Maxon Foundation reported a distributable amount of $2.3M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary giving focus is health-related initiatives. The foundation does not specify particular subject areas of focus beyond this general health orientation, though its grantmaking history indicates support for philanthropy, voluntarism, grantmaking, health care, and religion-related activities.

Grantmaking

Grant Range

s and Activity:**

Average Grant

amount: $288,000

Review Cycle

are documented in available sources.

How to Apply

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Geographic Focus

Where this funder awards grants

The foundation funds projects in three primary states:

Kentucky
Michigan
Ohio

Specific cities where funding has been awarded include Cincinnati, Dayton, Edgewood, Kalamazoo, and Traverse City.

Grant Distribution by State

Ohio $805K (42%)

Kentucky $600K (31%)

Michigan $516K (27%)

Share of all 8 itemized 2024 grant dollars.

States

Kentucky Michigan Ohio

Cities

CincinnatiDaytonEdgewoodTraverse CityKalamazooHighland Heights

Financial History

Multi-year comparison from IRS filings

Most Recent Fiscal Year (2023-2024):

Total Assets: $25,026,834–$25,412,832
Total Revenue: $893,376
Total Expenses: $2,055,435
Total Liabilities: $0

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$25,026,834	$25,412,832	$26,586,449
Revenue	$1,761,571	$893,376	$426,234
Expenses	$2,298,669	$2,055,435	$2,488,332
Qualifying Distributions	$1,956,509	$1,758,295	$2,201,475
Net Investment Income	$1,401,782	$610,903	$229,266
Distributable Amount	$2,256,502	$1,953,885	$2,004,171

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

38 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include St Elizabeth Foundation ($500,000), Munson Healthcare Foundation ($351,200), Miami Valley Hospital Foundation ($300,000).

Recipient	Purpose	Amount
ST ELIZABETH FOUNDATION Edgewood, KY	GENERAL OPERATING	$500,000
MUNSON HEALTHCARE FOUNDATION Traverse City, MI	GENERAL OPERATING	$351,200
MIAMI VALLEY HOSPITAL FOUNDATION Dayton, OH	GENERAL OPERATING	$300,000
THE CHRIST HOSPITAL FOUNDATION Cincinnati, OH	GENERAL OPERATING	$250,000
BRONSON HEALTH FOUNDATION Kalamazoo, MI	GENERAL OPERATING	$165,100
MERCY HEALTH FOUNDATION Cincinnati, OH	GENERAL OPERATING	$150,000
RESTORE SIGHT Cincinnati, OH	GENERAL OPERATING	$105,000
UK RESEARCH FOUNDATION Highland Heights, KY	GENERAL OPERATING	$100,000

Leadership & Key People

Leadership team and compensation from IRS filings

US Bank N.A. serves as trustee and received compensation of $291,513 for its services in the most recent fiscal year.

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
US Bank N a	Trustee	1	$335,089

Recent News & Activity

Recent developments and announcements

The foundation has made notable recent grants, including $884,000 awarded to Munson Healthcare. In prior years, the foundation distributed $84,348 to local nonprofits for programs supporting at-risk children and families, and $52,000 in grants to multiple local nonprofits.

Maxon Fund provides $84K to local nonprofits for programs supporting at-risk

Frequently Asked Questions

What does The Maxon Foundation fund?

How do I apply for a grant from The Maxon Foundation?

No specific application procedures or deadlines are documented in available sources. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

Where does The Maxon Foundation make grants?

The foundation funds projects in three primary states: • Kentucky • Michigan • Ohio Specific cities where funding has been awarded include Cincinnati, Dayton, Edgewood, Kalamazoo, and Traverse City.

What size grants does The Maxon Foundation award?

In 2024, The Maxon Foundation awarded 8 grants totaling $1.9M — an average of about $240K per grant, based on its IRS Form 990 filings.

How much is The Maxon Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Maxon Foundation reported a distributable amount of $2.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.