Who we are

Our Story

James Madison Education Fund, Inc.

The James Madison Education Fund, Inc., or James Madison Fund, started in 1994 with the hope of raising money and awareness regarding the urgent need to educate America’s youth about the U.S. Constitution and the foundational principles of our nation. The concept was a simple one: Teach America’s teachers and you amplify efforts to prepare millions of young Americans to inherit the helm of civic rights and responsibility. The James Madison Fund is a private, non-profit, 501(c)(3) partner organization to the James Madison Memorial Fellowship Foundation, or James Madison Foundation. For more information visit www.jamesmadison.gov.

Governance

Lewis F. Larsen
Chairman and President

Oliver Alwes
Secretary

Clare Iglesias
Treasurer

The James Madison Education Fund, Inc. has no paid employees. All staffing needs for the James Madison Fund are provided pro bono by employees of the James Madison Memorial Fellowship Foundation. Board members provide continuous service on a bro bono basis to the James Madison Fund. Board members have not made contributions to the James Madison Fund.

The James Madison Fund’s expenses are fully funded by its current endowment. If the James Madison Fund receives a grant, or endowment, 100% of the funds provided will be used for the expenses of the sponsored program, and not used for overhead expenses.

Mr. Larsen was appointed to the Board on July 16, 1994; Mr. Alwes and Ms. Iglesias were appointed in 2021. They receive no compensation for their services to the James Madison Fund.

Permanent Endowment

The James Madison Education Fund, Inc. is an independent, private, non-profit organization founded in 1995 as a partner organization to the James Madison Memorial Fellowship Foundation. As the Foundation’s nonprofit partner, the James Madison Education Fund, Inc. generates financial support for the James Madison Foundation’s public programs and mission to encourage study of the United States Constitution, its roots, its formation, its principles, and its development.

For nearly 30 years the James Madison Education Fund, Inc. has grown and financially prospered thanks to its permanent endowment. Capital gifts from philanthropic donors ensure a strong permanent endowment and help to build the James Madison Memorial Fellowship Foundation’s Programs. Only the interest from the principal is expended to support programs, so that these gifts continue in perpetuity, helping to safeguard the James Madison Education Fund, Inc. tradition of excellence against a changing economic climate.

Our Permanent Endowment Growth

Operating Revenue and Expenses

Operating revenue for the James Madison Education Fund is used to support the James Madison Memorial Fellowship Foundation’s programs and activities. Operating revenue for the James Madison Education Fund does not include corpus funds from the Fund’s permanent endowment. Unused surplus earnings for the endowment are reinvested annually.

Operating Revenue*

Expenses

Financial Details and Reports

Read about how the James Madison Fund supports the mission of the James Madison Foundation through the Foundation’s annual reports and Madison Notes magazine. You are also welcome to review our financials and see what independent nonprofit assessors have to say about us.

Annual Reports

Financials

Independent Assessments

Madison Notes

Our Partners

The James Madison Fund works with companies, nonprofits, and other organizations to benefit their home state and the nation. Our partners contribute more than money. Their generosity is helping ensure the future of our nation by preparing America’s youth to inherit the helm of civic rights and responsibility. The legacy of our partners, both past and present, continues to impact young Americans in every state in the nation.