Madeline Foundation
- Assets
- $27.9m
- Revenue
- $685.0k
- Investments
- $27.3m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 46-4336081
Organization Overview
Madeline Foundation is located in Baltimore, MD. The organization was established in 2015. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Madeline 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, Madeline Foundation generated $685.0k 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 (25.1%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Madeline Foundation has awarded 38 individual grants totaling $4,919,019. 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 |
|---|---|---|---|
Rebecca D Henry Secretary | 0 | $0 | |
Harry S Gruner Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $98 |
| Dividends & Interest | $300,040 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $384,853 |
| Capital Gain Net Income | $384,853 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $684,991 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $166,794 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $503 |
| Printing and publications | $0 |
| Other expenses | $507 |
| Total operating and administrative expenses | $187,566 |
| Contributions, gifts, grants paid | $3,895,869 |
| Total expenses and disbursements | $4,083,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $644,574 |
| 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 | $18,593,694 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,935,341 |
| 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, Madeline Foundation has awarded $3,895,869 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CYLBURN ARBORETUM ASSOCIATION PURPOSE: UNRESTRICTED | $2,050,555 |
Arlington, VA PURPOSE: UNRESTRICTED | $499,974 |
Annapolis, MD PURPOSE: UNRESTRICTED | $353,485 |
Baltimore, MD PURPOSE: UNRESTRICTED | $210,040 |
POMFRET SCHOOL PURPOSE: UNRESTRICTED | $153,495 |
Baltimore, MD PURPOSE: UNRESTRICTED | $99,995 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Claude Moore Charitable Foundation Fairfax, VA | $240,670,570 | $26,185,543 |
Community Anti-Drug Coalitions Of America Alexandria, VA | $15,283,034 | $14,789,686 |
James W And Frances Gibson Mcglothlin Foundation Bristol, VA | $55,479,136 | $5,807,937 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Madeline Foundation Baltimore, MD | $27,935,341 | $684,991 |
Reitmeier Charitable Trust U-W Fund Pittsburgh, PA | $0 | $783,026 |
Venable Baetjer And Howard Foundation Baltimore, MD | $411,758 | $3,720,067 |
Forman Fam Foundation Tr 12112013 Philadelphia, PA | $54,933,768 | $58,162 |
Yocum Family Perpetual Charitable Tr Wilmington, DE | $59,505,784 | $5,249,565 |
Benjamin Rose Tr Pittsburgh, PA | $45,553,098 | $8,158,109 |