"My job is to make the money and her job is to give it away—and she's doing a lot better job than I am." Dan Maddox
Dan Maddox was a well-known Nashville businessman, entrepreneur, and philanthropist. He built a vast fortune in auto financing, oil wells, and real estate. Tragically, in 1998 he and his wife Margaret died in a boating accident. Dan Maddox left an estate valued at more than $100 million when he died.
Maddox had long been a supporter of charitable, religious, scientific, literary, and educational causes, donating millions of dollars over the years.
Thankfully after a lengthy legal dispute over the estate, in 2009, the Dan and Margaret Maddox Fund was established in Nashville.
Let's take a look at the fund and how Nashville organizations can apply for grants.
The Nashville fund handing out millions to local organizations
Since 2009, the Maddox Fund has awarded over $23 million in grants to more than 150 organizations. According to the website GlassPockets, they have over $45,146,995 in assets.
The good news for locals is that The Dan and Margaret Maddox Fund only serves the 41 counties of Middle Tennessee, and all programs they support must operate within this geographic area.
They have three distinct areas of focus.
While Dan and Margaret graduated from high school, they couldn't afford to attend college, and hence they wanted to help others obtain the opportunity they couldn't.
The Maddox Fund partners with education initiatives that advance student achievement. This can include kindergarten, college, afterschool programs, and summer learning programs.
The fund also supports programs dedicated to land preservation, water quality, wildlife habitat, and public policy advocacy. In addition, the fund aims "to connect marginalized children and youth with wildlife through hunting, fishing, and outdoor activities."
Another way the fund supports youth in Nashville is by supporting programs that offer mentoring relationships and life-skills programs.
A list of all the Nashville and Middle Tennesee organizations they have granted money to can be found on their website, and the next round of grants will open in September.
Readers, have you benefitted from any grants provided by the Maddox Fund? And what Nashville organizations would you like to see the fund support?
Please leave your comments below.