The Maddrey Foundation

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A private foundation based in Greenville, SC. It reported about $156K in revenue for 2025. For fiscal year 2025 it reported $156K in revenue, $215K in expenses, and $1.6M in net assets.Pt I

Type: Private foundation / grantmaker · Nonprofit
Location: Greenville, SC
Filings: 6 on file (2020–2025)

Revenue

$156KFY2025

Expenses

$215K

Net assets

$1.6M

People

Filings

Updates

More identity details & actions ⌄

EIN 57-6125748 Private foundation / grantmaker Greenville, SC

Form 990 (PDF)

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Size

$100K–1M

What they do

A private foundation based in Greenville, SC. It reported about $156K in revenue for 2025.

Leadership

E Erwin Maddrey II · Trustee

Money in and out

$156K revenue, $215K expenses

Bottom line

—

Grants paid & assets · FY2025

Total revenue

$156K

Pt VIII · Ln 12

Total expenses

$215K

Pt IX · Ln 25

Net assets

$1.6M

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): −$59K

Total assets

1.6M

deployed as grants and operations

Grants paid

193K

in FY2025

Grants made

56grants

total in period

Payout rate

12%

of assets (5% rule)

Who They Fund

Part XV · grants paid · 56 grants · $193K · 2025–2025

Community Foundation of GreenvilleFY2025$50,000

Davidson CollegeFY2025$35,400

Upstate ForeverFY2025$20,000

United WayFY2025$10,000

International African American MuseumFY2025$10,000

Sc Enviromental Law ProjectFY2025$6,000

United MinistriesFY2025$5,000

Metropolitan Arts CouncilFY2025$5,000

Legacy AdvancementFY2025$5,000

Institute for Child SuccessFY2025$5,000

Conservation Voters of South CarolinaFY2025$5,000

University of the SouthFY2025$2,500

Greenville County Museum of ArtFY2025$2,500

University of North Carolina at Chapel HillFY2025$2,400

PeacehavenFY2025$2,000

South Carolina Governor's School for the Arts and HumanitiesFY2025$1,000

Urban League of the UpstateFY2025$1,000

Trees UpstateFY2025$1,000

See all 56 grants →

Grantmaking Profile

Patterns in foundation giving

Average grantPart XV$3K

Median grantPart XV$1K

Largest grantPart XV$50K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF

Revenue

$156K

FY2025▲ +24%

Expenses

$215K

FY2025▲ +13%

Total assets

$1.6M

FY2025▼ -4%

Total liabilities

FY2025

Total revenue

$156K

Pt VIII · Ln 12

Total expenses

$215K

Pt IX · Ln 25

Net assets

$1.6M

Pt X · Ln 32

Total assetsPt II$1.6M

Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CThe Maddrey Foundation

EINHdr · item D57-6125748

Principal addressHdr · item CGreenville, SC

WebsiteHdr · item Jnone reported

State of legal domicileHdr · item MSC

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFNonprofit

Ruling yearIRS BMFApr 1990

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1apending

Independent voting membersPt VI · Ln 1bpending

Conflict-of-interest policyPt VI · Ln 12a—

Whistleblower policyPt VI · Ln 13—

Document retention policyPt VI · Ln 14—

CEO/top-official compensation independently reviewedPt VI · Ln 15a—

Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

E Erwin Maddrey II

Trustee

$0Pt VII · Sec A

Nancy B Maddrey

Trustee

$0Pt VII · Sec A

Edwin Erwin Maddrey III

Trustee

$0Pt VII · Sec A

Alexander Smith Maddrey

Trustee

$0Pt VII · Sec A

See The Maddrey Foundation executive salaries →

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Statement of Revenue

Part VIII

Investment income100%$156K

Total revenueLn 12$156K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

90%

Grants & contributions paid $0.90 Operating & administrative $0.10

Grants & contributions paid90%$193K

Operating & administrative10%$22K

Total functional expensesLn 25$215K

Balance Sheet

Part X · end of year

CashLn 1$52K

Total assetsLn 16$1.6M

Total liabilitiesLn 26$0

Total net assetsLn 32$1.6M

Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it

Liquidity & Payout

Payout rate

Grants paid $0 · Total assets $1.6M

Where the money comes from

Contribution dependence

Contributions & grants — · Total revenue $156K

—

Government reliance

not reported

Earned-income share

not reported

Investment reliance

Investment income $0 · Total revenue $156K

Program self-sufficiency

not reported

Growth & trend

Revenue growth (YoY)

This year $156K · Prior year $126K

+24%

Revenue CAGR

FY2020 $98K · FY2025 $156K

+10%

Net-asset trend (YoY)

End of year $1.6M · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $156K · Expenses $215K

-38%

Liabilities-to-Assets

Total liabilities — · Total assets $1.6M

—

Net-asset ratio

Net assets $1.6M · Total assets $1.6M

100%

People & payroll

Highest Reported Total Compensation

Individual E Erwin Maddrey II · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $215K

Personnel share

not reported

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Revenue growth	24%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2025 (Latest)$156K revenue · viewing · ⤓ 990 PDF

FY2024$126K revenue · ⤓ 990 PDF

FY2023$189K revenue · ⤓ 990 PDF

FY2022$-37K revenue · ⤓ 990 PDF

FY2021$340K revenue · ⤓ 990 PDF

FY2020$98K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2025IRS

Classification, formation year, addressIRS Business Master File

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