Madison Community Foundation

Organization Overview

Madison Community Foundation is located in Madison, WI. The organization was established in 1995. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Madison Community Foundation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Community 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 12/2021, Madison Community Foundation generated $40.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $33.6m during the year ending 12/2021. While expenses have increased by 17.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Madison Community Foundation has awarded 2,944 individual grants totaling $70,219,153. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MADISON COMMUNITY FOUNDATION STEWARDS LOCAL, CHARITABLE FUNDS FOR INDIVIDUALS, NONPROFITS AND BUSINESS. WITH ITS LOCAL KNOWLEDGE AND ASSETS, MCF INSPIRES GIVING, SUPPORTS MEANINGFUL INITIATIVES AND CONNECTS PEOPLE FOR THE COMMON GOOD.

Describe the Organization's Program Activity:

CREATION OF PERMANENT CHARITABLE FUNDS, ADMINISTRATION AND INVESTMENT OF THOSE FUNDS, AND GRANTS TO CHARITABLE ORGANIZATIONS, PRIMARILY IN THE AREA OF DANE COUNTY, WISCONSIN. GRANTS ARE MADE BOTH THROUGH A COMPETITIVE PROPOSAL PROCESS AND IN RESPONSE TO RECOMMENDATIONS FROM DONOR FUNDHOLDERS.33 NEW FUNDS WERE CREATED IN 2021; 1,206 FUNDS WERE HELD AT THE END OF 20213,450 CONTRIBUTIONS WERE RECEIVED FROM 1,743 DONORSANNUALIZED INVESTMENT RETURN, NET OF FEES, AS OF 12/31/21 WAS: 20.0% (1YR); 14.9% (3YRS); 12.2% (5YRS); 9.06% (10YRS) PERCENTILE RANKING IN INVESTMENT SURVEY OF PEER COMMUNITY FOUNDATIONS WAS: 81% (1YR); 20% (3YRS); 77% (5YRS); 74% (7YRS) 2,110 GRANTS WERE DISTRIBUTED71% OF GRANTS WERE DISTRIBUTED TO ORGANIZATIONS IN DANE COUNTY, 15% TO ORGANIZATIONS IN OTHER WISCONSIN COUNTIES, 14% TO ORGANIZATIONS IN OTHER STATES.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Sorge
President/ceo
$201,189
Tom Linfield
VP Community Impact
$131,584
David Koehler
VP Donor Engagement
$131,047
Carmen Jeschke
VP Finance & Operations
$115,594
Name Not Listed
Services, Custodian
$61,251
Roberta Gassman
Board Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$220,020
Government grants $5,221,506
All other contributions, gifts, grants, and similar amounts not included above$15,883,785
Noncash contributions included in lines 1a–1f $5,340,100
Total Revenue from Contributions, Gifts, Grants & Similar$21,325,311
Total Program Service Revenue$0
Investment income $6,933,600
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $11,701,583
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $40,248,600

Grants Awarded

Over the last fiscal year, Madison Community Foundation has awarded $27,941,581 in support to 441 organizations.

Grant RecipientAmount

MADISON YOUTH ARTS CENTER

Org PageRecipient Profile

Madison, WI

PURPOSE: CONSTRUCTION & OPERATING COSTS

$2,500,000

MADISON YOUTH ARTS CENTER

Org PageRecipient Profile

Madison, WI

PURPOSE: CONSTRUCTION COSTS

$2,500,000

MADISON YOUTH ARTS CENTER

Org PageRecipient Profile

Madison, WI

PURPOSE: CAPITAL CAMPAIGN CONSTRUCTION COSTS

$2,500,000

MADISON YOUTH ARTS CENTER

Org PageRecipient Profile

Madison, WI

PURPOSE: CONSTRUCTION COSTS

$2,227,923

AFRICA6000 INTERNATIONAL

Org PageRecipient Profile

Erie, PA

PURPOSE: MATCHING FUNDS FOR WATER IN AFRICA

$1,155,000

MADISON YOUTH ARTS CENTER

Org PageRecipient Profile

Madison, WI

PURPOSE: BUILIDING CONSTRUCTION

$750,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 19 grants that Madison Community Foundation has recieved totaling $1,054,685.

Awarding OrganizationAmount
University Of Wisconsin Credit Union

Madison, WI

PURPOSE: COMMUNITY OUTREACH

$500,000
Terry Family Foundation Inc

Madison, WI

PURPOSE: GENERAL SUPPORT

$236,597
$50,000
Oscar Rennebohm Foundation

Madison, WI

PURPOSE: COUNSELING

$50,000
Paypal Charitable Giving Fund

Washington, DC

PURPOSE: General Support

$49,410
Phoebe R And John D Lewis Foundation

Glendale, WI

PURPOSE: PLANNED PARENTHOOD, PORCHLIGHT FUND

$40,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$212,792,260
Earnings$40,432,905
Admin Expense$2,450,640
Net Contributions$5,113,342
Grants$6,432,504
Ending Balance$249,755,363

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