The JF Maddox Foundation is a private family foundation established in 1963 by Jack and Mabel Maddox to serve the citizens of southeastern New Mexico. Based in Hobbs, New Mexico, the foundation operates with a Board of Directors primarily composed of family members and focuses on cultivating opportunities and improving quality of life in Lea County through strategic investments in education, community development, and social services.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$247.3M
+0.5% YoY
Annual Giving
$4.2M
-53.1% YoY
Grant Count
159
+0.6% YoY
Avg Grant Size
$26K
-53.4% YoY
Mission & Focus Areas
Mission: The foundation's mission is to significantly improve the quality of life in southeastern New Mexico by investing in education, community development, and other social programs. The foundation particularly supports initiatives driven by innovative leadership, designed for substantial impact, and committed to lasting value.
2030 Vision: With opportunity for all, Lea County is a place we are proud to call home.
Core Values:
- Dig Deep: Expecting excellence from themselves, partners, grantees, and community to inspire collective success and growth
- Think & Do Big: Committed to uncovering innovative, data-driven solutions to community challenges rather than superficial fixes
- Be a Constant Ally: Grounded in consideration and compassion for neighbors' health, education, and support
Strategic Focus Areas:
- Education
- Community Development
- Social Services
- Economic Diversification
- Community Assets and Aesthetics
- Community Health
Grantmaking
The foundation accepts grant applications aligned with its strategic plan to enhance quality of life in Lea County. Applications are reviewed on a rolling basis.
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Geographic Focus
Where this funder awards grants
The foundation's primary focus is Lea County, New Mexico, with secondary funding interests in New Mexico, Texas, and Missouri.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $247,296,657
- Total Revenue: $14,360,756
- Total Expenses: $13,164,858
- Total Liabilities: $0
- Total Giving: $4,160,529
Tax Status: 501(c)(3) organization, tax-exempt since October 1964
Staffing: 13 employees (as of 2024)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $247,296,657 | $246,101,367 | $253,197,980 |
| Revenue | $14,360,756 | $9,585,770 | $16,076,297 |
| Expenses | $13,164,858 | $16,682,563 | $17,398,292 |
| Qualifying Distributions | $7,590,282 | $11,504,992 | $12,753,603 |
| Net Investment Income | $9,319,790 | $6,053,680 | $11,472,707 |
| Distributable Amount | $13,332,785 | $12,697,942 | $12,823,844 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from JF Maddox Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Ray Caraway: Principal Officer
- Parks: Chief Executive Officer
- Catherine Maddox Walton: Director
- David Reed: Chief Operating Officer
- Mayra Lovas: Vice President – Grants
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Recent News & Activity
Recent developments and announcements
The foundation continues active grantmaking focused on transforming Lea County through strategic investments. Recent initiatives reflect the foundation's commitment to education, community development, and social services. The Jack Maddox Distinguished Scholarship Program remains a cornerstone initiative, with annual selection of scholarship recipients and finalists announced regularly.
Reflecting on JF Maddox Foundation's 2025 funding initiativesSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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