The Paul C & Velma S Maddox Fdn IA
The Paul C & Velma S Maddox Fdn IA is a private foundation, based in Orlando, FL. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $2.0M in total assets. In 2026, it awarded 5 grants totaling $100K. Net investment income was $198K.
The Paul C & Velma S Maddox Fdn IA at a glance
In short: The Paul C & Velma S Maddox Fdn IA gave $100K across 5 grants in 2026 (avg $20K), mostly in Georgia. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $100,000
- -33.3% vs 2025
- Grants made (2026)
- 5
- +0.0% vs 2025
- Average grant
- $20,000
- -33.3% vs 2025
- Median grant
- $12,000
- Total assets
- $2,029,343
- +4.5% vs 2025
- Primary geography
- Georgia (92% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who The Paul C & Velma S Maddox Fdn IA funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2026
The largest 2026 recipient was Northside Drive Baptist Church ($38K). Together the top 5 received $100K.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 24 grants of 25 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 5 itemized grants.
Cities
How The Paul C & Velma S Maddox Fdn IA gives
- Giving held roughly steady from 2023 to 2026 (−7%). Method
- In 2026 it paid out 89% 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 2021 to 2026, annual grant giving ranged from $90K (2021) to $150K (2025). In 2026 it made 5 grants totaling $100K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northside Drive Baptist Church Atlanta, GA | General Operating | $38,000 |
| Kiwanis Foundation of Atlanta Inc Atlanta, GA | General Operating | $30,000 |
| Berry College Mount Berry, GA | General Operating | $12,000 |
| Shorter University Rome, GA | General Operating | $12,000 |
| Alice Lloyd College Pippa Passes, KY | General Operating | $8,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,029,343 | $208,588 | $121,087 | $100,000 | 5 | $109,227 | $198,423 | $123,295 |
| 2025 | $1,942,021 | $146,597 | $167,976 | $150,000 | 5 | $158,913 | $138,668 | $166,775 |
| 2024 | $1,914,203 | $133,638 | $120,326 | $100,000 | 5 | $111,320 | $126,625 | $106,164 |
| 2023 | $1,901,295 | $129,847 | $138,074 | $108,000 | 5 | $124,963 | $118,896 | $104,536 |
| 2022 | $1,909,119 | $193,507 | $129,451 | $100,000 | 5 | $115,763 | $182,848 | $123,983 |
| 2021 | $1,845,132 | $163,817 | $116,667 | $90,000 | 5 | — | $153,282 | $114,307 |
Under IRS private-foundation payout rules, The Paul C & Velma S Maddox Fdn IA reported a distributable amount of $123K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Paul C & Velma S Maddox Fdn IA is led by Carter Fowlkes, President on every filing since 2021; none of the 3 officers listed in 2026 report compensation.
Officers on the 2026 filing
Carter Fowlkes
President
On filings since 2021
1 hr/week
No compensation reported
Charles D. Hurt Esq.
Secretary
On filings since 2021
1 hr/week
No compensation reported
Laura Baldwin Lloyd
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2026. "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 Paul C & Velma S Maddox Fdn IA
How much does The Paul C & Velma S Maddox Fdn IA give each year?
The Paul C & Velma S Maddox Fdn IA gave $100K across 5 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $150K across 5 grants.
What is The Paul C & Velma S Maddox Fdn IA's typical grant size?
The Paul C & Velma S Maddox Fdn IA's median grant in 2026 was $12,000, and its average grant was $20,000, across 5 grants on its 2026 IRS Form 990-PF.
Where does The Paul C & Velma S Maddox Fdn IA give grants?
The Paul C & Velma S Maddox Fdn IA gives mostly in Georgia: 92% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The next largest state was Kentucky (8%). The most frequent recipient cities were Atlanta, GA (2 grants).
Does The Paul C & Velma S Maddox Fdn IA give general operating support?
Yes: 100% of The Paul C & Velma S Maddox Fdn IA's 2026 grants with a stated purpose (5 of 5) were for general or operating support, per its 2026 IRS Form 990-PF.
Who are The Paul C & Velma S Maddox Fdn IA's largest grantees?
The Paul C & Velma S Maddox Fdn IA's largest 2026 grantees include Northside Drive Baptist Church ($38,000), Kiwanis Foundation of Atlanta Inc ($30,000) and Berry College ($12,000), according to its 2026 IRS Form 990-PF. Together they received 80% of its itemized 2026 grant dollars.
How large is The Paul C & Velma S Maddox Fdn IA?
The Paul C & Velma S Maddox Fdn IA reported $2.0M in total assets on its 2026 IRS Form 990-PF. It paid out $109K in qualifying distributions that year, against a required minimum of $123K (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 is The Paul C & Velma S Maddox Fdn IA's EIN?
The Paul C & Velma S Maddox Fdn IA's EIN (Employer Identification Number) is 58-2624894. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 7, 2026)
- IRS filings on file for fiscal years 2021–2025
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