Malone Family Foundation
- Assets
- $111.3m
- Revenue
- $8.8m
- Investments
- $111.3m
- Employees
- 0
- Location
- Hobe Sound, FL
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 84-1408520
Organization Overview
Malone Family Foundation is located in Hobe Sound, FL. The organization was established in 1998. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Malone 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 12/2022, Malone Family Foundation generated $8.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $9.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Malone Family Foundation has awarded 77 individual grants totaling $84,338,778. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Malone Chairman And Treasurer | 0.8 | $0 | |
Leslie A Malone Secretary | 0.1 | $0 | |
Evan Malone President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,005,675 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,754,430 |
| Capital Gain Net Income | $3,529,026 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,760,105 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $110,460 |
| Pension plans, employee benefits | $11,037 |
| Interest | $1 |
| Taxes | $170,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,172 |
| Printing and publications | $0 |
| Other expenses | $1,586,765 |
| Total operating and administrative expenses | $1,890,435 |
| Contributions, gifts, grants paid | $7,206,432 |
| Total expenses and disbursements | $9,096,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,891 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1 |
| Other assets | $11,961 |
| Total assets | $111,327,398 |
| 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, Malone Family Foundation has awarded $7,206,432 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO STATE UNIVERSITY FOUNDATION PURPOSE: GENERAL GRANT | $1,994,432 |
DSST PUBLIC SCHOOLS PURPOSE: GENERAL GRANT | $1,461,696 |
COLORADO STATE UNIVERSITY FOUNDATION PURPOSE: GENERAL GRANT | $12,000 |
THE OVERLAKE SCHOOL PURPOSE: GENERAL GRANT | $200,000 |
DSST PUBLIC SCHOOLS PURPOSE: GENERAL GRANT | $3,538,304 |