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Ben B & Iris Margolis Private Foundation For Medical Research 068350 is a private trust based in DES MOINES, IA. The foundation received its IRS ruling in 1979. The principal officer is Wells Fatgo Bank Na 068350. It holds total assets of $10.8M. Annual income is reported at $2M. Total assets have grown from $5.1M in 2011 to $10.5M in 2023. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2024. According to available records, Ben B & Iris Margolis Private Foundation For Medical Research 068350 has made 3 grants totaling $1.8M, with a median grant of $628K. Annual giving has grown from $570K in 2021 to $1.3M in 2023. Individual grants have ranged from $570K to $628K, with an average award of $609K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Utah. 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.
Ben B & Iris Margolis Private Foundation For Medical Research 068350 is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in UT.
Ben B & Iris Margolis Private Foundation For Medical Research 068350 has distributed a total of $1.8M across 3 grants. The median grant size is $628K, with an average of $609K. Individual grants have ranged from $570K to $628K.
Ben B & Iris Margolis Private Foundation For Medical Research 068350 typically selects its grantees rather than accepting unsolicited proposals. Support of medical research.
Ben B & Iris Margolis Private Foundation For Medical Research 068350 is headquartered in DES MOINES, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Principal Financial Group | TRUSTEE | $48K | $0 | $48K |
Total Giving
$626K
Total Assets
$10.5M
Fair Market Value
$13.1M
Net Worth
$10.5M
Grants Paid
$572K
Contributions
N/A
Net Investment Income
$586K
Distribution Amount
$593K
Total Grants
3
Total Giving
$1.8M
Average Grant
$609K
Median Grant
$628K
Unique Recipients
2
Most Common Grant
$628K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Univ Of Utah College Of MedicineGENERAL OPERATING | Salt Lake City, UT | $628K | 2023 |
| University Of UtahGENERAL OPERATING | Salt Lake City, UT | $570K | 2021 |