The Maxon Foundation
The Maxon Foundation is a private foundation based in Milwaukee, Wisconsin. In 2024, it reported eight grants totaling $1,921,300, all designated for general operating support.
The Maxon Foundation at a glance
In short: The Maxon Foundation gave $1.9M across 8 grants in 2024 (avg $240K), top state Ohio. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,921,300
- +11.2% vs 2023
- Grants made (2024)
- 8
- +33.3% vs 2023
- Average grant
- $240,163
- -16.6% vs 2023
- Median grant
- $207,550
- Total assets
- $25,026,834
- -1.5% vs 2023
- Primary geography
- Ohio (42% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to The Maxon Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: PO Box 0634, Milwaukee, WI 53201-0634
Phone: (513) 632-4596
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Maxon Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was St Elizabeth Foundation ($500K). Together the top 8 received $1.9M.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was in the $100–250K range: 17 grants of 38 (45%).
Geographic Focus
Where this funder awards grants
The 2024 grants went to recipients in Ohio, Kentucky, and Michigan. Ohio received 42% of grant dollars, Kentucky 31%, and Michigan 27%.
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.7M (2023) to $2.2M (2022). In 2024 it made 8 grants totaling $1.9M.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $25,026,834 | $1,761,571 | $2,298,669 | $1,921,300 | 8 | $1,956,509 | $1,401,782 | $2,256,502 |
| 2023 | $25,412,832 | $893,376 | $2,055,435 | $1,727,444 | 6 | $1,758,295 | $610,903 | $1,953,885 |
| 2022 | $26,586,449 | $426,234 | $2,488,332 | $2,168,880 | 7 | $2,201,475 | $229,266 | $2,004,171 |
| 2021 | $28,610,433 | $1,866,233 | $2,261,134 | $1,909,057 | 7 | $1,939,928 | $1,590,549 | $2,357,959 |
| 2020 | $29,129,676 | $2,627,321 | $2,234,693 | $1,960,000 | 10 | — | $2,395,503 | $1,843,290 |
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 September 2026.
Mission & Focus Areas
No foundation mission is stated. The 2024 grantees included hospital and health-related foundations. Miami Valley Hospital Foundation describes its mission as enhancing the patient and family experience at Miami Valley Hospital by raising community support for programs and services that help build healthy communities. The Christ Hospital Foundation says it supports The Christ Hospital’s mission to improve community health and provide exceptional outcomes and patient experiences affordably. Bronson Health Foundation describes itself as connecting individuals’ and organizations’ support with Bronson’s healing missions.
Grantmaking
In 2024, the foundation made eight grants totaling $1,921,300. Grants ranged from $100,000 to $500,000, with a median of $207,550. The largest grants were $500,000 to St. Elizabeth Foundation, $351,200 to Munson Healthcare Foundation, $300,000 to Miami Valley Hospital Foundation, and $250,000 to The Christ Hospital Foundation. Each was for general operating support.
Leadership & Key People
Leadership team and compensation from IRS filings
U.S. Bank N.A. is listed as trustee.
The Maxon Foundation's only listed officer is US Bank N A, Trustee on every filing since 2020 (compensated).
Officers on the 2024 filing
US Bank N A
Trustee
On filings since 2020
1 hr/week
$236K (2020) → $335K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $335K, to US Bank N a (Trustee).
Frequently asked questions about The Maxon Foundation
How much does The Maxon Foundation give each year?
The Maxon Foundation gave $1.9M across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.7M across 6 grants.
What is The Maxon Foundation's typical grant size?
The Maxon Foundation's median grant in 2024 was $207,550, and its average grant was $240,163, across 8 grants on its 2024 IRS Form 990-PF.
Where does The Maxon Foundation give grants?
The Maxon Foundation's top state is Ohio, with 42% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Kentucky (31%) and Michigan (27%). The most frequent recipient cities were Cincinnati, OH (3 grants).
Does The Maxon Foundation give general operating support?
Yes: 100% of The Maxon Foundation's 2024 grants with a stated purpose (8 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Maxon Foundation's largest grantees?
The Maxon Foundation's largest 2024 grantees include St Elizabeth Foundation ($500,000), Munson Healthcare Foundation ($351,200) and Miami Valley Hospital Foundation ($300,000), according to its 2024 IRS Form 990-PF. Together they received 60% of its itemized 2024 grant dollars.
How large is The Maxon Foundation?
The Maxon Foundation reported $25.0M in total assets on its 2024 IRS Form 990-PF. It paid out $2.0M in qualifying distributions that year, against a required minimum of $2.3M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does The Maxon Foundation fund?
No foundation mission is stated. The 2024 grantees included hospital and health-related foundations. See mission & focus areas ↑
How do I apply for a grant from The Maxon Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Maxon Foundation's EIN?
The Maxon Foundation's EIN (Employer Identification Number) is 31-6045992. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Maxon Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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