Program areas at Madison Community Foundation
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.34 new funds were created in 2022; 1,235 funds were held at the end of 20222,931 contributions were received from 1,284 donorsannualized investment return, net of fees, as of 12/31/22 was: -8.7% (1yr); 5.6% (3yrs); 6.5% (5yrs); 7.5% (10yrs) percentile ranking in investment survey of peer Community foundations was: 100% (1yr); 94% (3yrs); 94% (5yrs); 91% (7yrs)1,904 grants were distributed68% of grants were distributed to organizations in dane county, 17% to organizations in other Wisconsin counties, 15% to organizations in other states.
Who funds Madison Community Foundation
Grants from foundations and other nonprofits
Personnel at Madison Community Foundation
| Name | Title | Compensation | Date of data |
|---|
| Bob Sorge | President and Chief Executive Officer | | 2024-10-01 |
| Robert Sorge | / Presidenticeo / / President and Chief Executive Officer / / Presidenticeo | $223,882 | 2022-12-31 |
| Carmen Jeschke, CPA | Vice President Finance and Operations | $125,114 | 2024-10-01 |
| Tom Linfield | Vice President Community Impact / Vice President , Community Impact | $133,995 | 2022-12-31 |
| Harmony Kronick | Senior Operations Director | | 2024-10-01 |
| ...and 13 more key personnel |
Financials for Madison Community Foundation
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $28,721,083 | $21,325,311 | 34.7% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $5,593,493 | $6,933,600 | -19.3% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $1,714,570 | $11,701,583 | -85.3% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $903,654 | $288,106 | 213.7% |
| Total revenues | $36,932,800 | $40,248,600 | -8.2% |
Organizations like Madison Community Foundation
| Organization | Type | Location | Revenue |
|---|
| The Boston Foundation (TBF) | 501(c)(3) | Boston, MA | $161,296,905 |
| The Denver Foundation | 501(c)(3) | Denver, CO | $137,620,038 |
| East Tennessee Foundation (ETF) | 501(c)(3) | Knoxville, TN | $25,934,976 |
| The Community Foundation of Frederick County | 501(c)(3) | Frederick, MD | $21,717,355 |
| The Rhode Island Foundation | 501(c)(3) | Providence, RI | $94,559,880 |
| Seattle Foundation | 501(c)(3) | Seattle, WA | $159,592,537 |
| Maine Community Foundation | 501(c)(3) | Ellsworth, ME | $52,365,869 |
| Sacramento Region Community Foundation | 501(c)(3) | Sacramento, CA | $28,856,627 |
| Arizona Community Foundation | 501(c)(3) | Phoenix, AZ | $122,702,351 |
| Paso del Norte Community Foundation | 501(c)(3) | El Paso, TX | $25,485,279 |
Data update history
October 1, 2024
Updated personnel
Identified 8 new personnel
January 10, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 10, 2024
Updated personnel
Identified 2 new personnel
Nonprofit Types
Grantmaking organizationsCommunity foundationsHeadquarter / parent organizationsCharities
Issues
Community improvement
Characteristics
Operates donor advised fundsProvides grantsOperates internationallyState / local levelReceives government fundingEndowed supportProvides scholarshipsTax deductible donationsAccepts online donations
General information
- Address
- 111 N Fairchild St 260
- Madison, WI 53703
- Metro area
- Madison, WI
- County
- Dane County, WI
- Website URL
- madisongives.org/Â
- Phone
- (608) 232-1763
- Facebook page
- madisoncommunityfoundationÂ
- Twitter profile
- @madisoncommfdnÂ
IRS details
- EIN
- 39-6038248
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1942
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- T31: Community Foundations
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Central organization
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