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A&B Mac Family Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2017. The principal officer is Foundation Source. It holds total assets of $968K. Annual income is reported at $677K. Total assets have grown from $355K in 2019 to $968K in 2024. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2024. According to available records, A&B Mac Family Foundation has made 4 grants totaling $130K, with a median grant of $35K. Annual giving has grown from $25K in 2020 to $35K in 2023. Grantmaking activity was highest in 2022 with $70K distributed across 2 grants. Individual grants have ranged from $25K to $35K, with an average award of $33K. Grant recipients are concentrated in California. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
A&B Mac Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in CA.
A&B Mac Family Foundation has distributed a total of $130K across 4 grants. The median grant size is $35K, with an average of $33K. Individual grants have ranged from $25K to $35K.
A&B Mac Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
A&B Mac Family Foundation is headquartered in WILMINGTON, DE.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bhupinder S Mac | Dir, Pres, Sec, Treas | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$968K
Fair Market Value
N/A
Net Worth
$968K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
4
Total Giving
$130K
Average Grant
$33K
Median Grant
$35K
Unique Recipients
1
Most Common Grant
$35K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Cyber Sikh OrganizationGeneral & Unrestricted | Yorba Linda, CA | $35K | 2023 |