Madigan Family Foundation
- Assets
- $8.3m
- Revenue
- $531.5k
- Investments
- $8.2m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1998
- Data as of
- 03/2024
- EIN
- 36-4155300
Organization Overview
Madigan Family Foundation is located in Chicago, IL. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madigan Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2024, Madigan Family Foundation generated $531.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $1.1m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Madigan Family Foundation has awarded 301 individual grants totaling $3,627,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Madigan Pres, Sec, Treas. & Dir. | 0 | $0 | |
Paul M Sheridan Dir. | 0 | $0 | |
Katherine L Bronke Dir. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,219 |
| Dividends & Interest | $281,672 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $248,491 |
| Capital Gain Net Income | $248,491 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $92 |
| Total Revenue | $531,474 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,940 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $89,063 |
| Total operating and administrative expenses | $105,352 |
| Contributions, gifts, grants paid | $997,400 |
| Total expenses and disbursements | $1,102,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $136,247 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,153,885 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,992 |
| Total assets | $8,300,124 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Madigan Family Foundation has awarded $997,400 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICIAN WILDLIFE FOUNDATION PURPOSE: CHARITABLE PURPOSE | $5,000 |
1000 FRIENDS OF FLORIDA PURPOSE: CHARITABLE PURPOSE | $5,000 |
ALDO LEOPOLD NATURE CENTER PURPOSE: CHARITABLE PURPOSE | $2,000 |
ALLENDALE ASSOCIATION PURPOSE: CHARITABLE PURPOSE | $10,000 |
AMERICAN PLAYERS THEATER PURPOSE: CHARITABLE PURPOSE | $2,000 |
AMERICAN COUNCIL OF TRUSTEES AND ALUMNI PURPOSE: CHARITABLE PURPOSE | $1,000 |