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Also known as: MAGDOVITZ FOUNDATION
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Lawrence M & Kerin C Magdovitz Foundation is a private corporation based in CORDOVA, TN. The foundation received its IRS ruling in 2015. The principal officer is Lawrence Magdovitz Ii. It holds total assets of $2.1M. Annual income is reported at $633K. Total assets have grown from $1.2M in 2019 to $2M in 2023. The foundation is governed by 3 officers and trustees. 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 2023. The foundation primarily funds organizations in Tennessee and Washington. According to available records, Lawrence M & Kerin C Magdovitz Foundation has made 40 grants totaling $1.2M, with a median grant of $5K. Annual giving has grown from $147K in 2020 to $644K in 2023. Individual grants have ranged from $500 to $500K, with an average award of $29K. The foundation has supported 20 unique organizations. The foundation primarily supports organizations in Tennessee, Massachusetts, Mississippi, which account for 98% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$750
Median Grant
$3K
Average Grant
$18K
Largest Grant
$124K
Based on 8 grants from the most recent 990-PF filing.
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.
Lawrence M & Kerin C Magdovitz Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 40 grants. Its grantmaking reaches organizations primarily in TN, MA, MS.
Lawrence M & Kerin C Magdovitz Foundation has distributed a total of $1.2M across 40 grants. The median grant size is $5K, with an average of $29K. Individual grants have ranged from $500 to $500K.
Lawrence M & Kerin C Magdovitz Foundation typically selects its grantees rather than accepting unsolicited proposals.
Lawrence M & Kerin C Magdovitz Foundation is headquartered in CORDOVA, TN. While based in TN, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lawremce M Magdovitz Ii | President | $0 | $0 | N/A |
| Bethe Ann Mack | Director | $0 | $0 | N/A |
| Nouth Magdovitz | Director | $0 | $0 | N/A |
Total Giving
$835K
Total Assets
$2M
Fair Market Value
$2.7M
Net Worth
$1.9M
Grants Paid
$644K
Contributions
$820K
Net Investment Income
N/A
Distribution Amount
$129K
Total: $905K
Total Grants
40
Total Giving
$1.2M
Average Grant
$29K
Median Grant
$5K
Unique Recipients
20
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Lausanne Collegiate SchoolTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Memphis, TN | $500K | 2023 |
| Boston UniversityTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Boston, MA | $100K | 2023 |
| CasaluzTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Memphis, TN | $20K | 2023 |
| WregTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Memphis, TN | $10K | 2023 |
| Phoenix Chapel Ame ChurchTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Prospect, TN | $8K | 2023 |
| West Tennessee State Guard AssocTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Cordova, TN | $4K | 2023 |
| Memphis Inner City RugbyTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Nashville, TN | $3K | 2023 |
| Southern Jewish Cemetery AssociatioTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Memphis, TN | $100K | 2022 |
| White Station High SchoolTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Memphis, TN | $5K | 2022 |
| Community Foundation Of Nw MississiTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Hernando, MS | $2K | 2022 |
| Hickory Withe Baptist ChurchTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Eads, TN | $2K | 2022 |
| Institute Of Real Estate ManagementTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Memphis, TN | $900 | 2022 |
| Midsouth Sober LivingTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Memphis, TN | $500 | 2022 |
| Chabad Of TennesseeTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Memphis, TN | $5K | 2021 |
| Midsouth Food BankTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Memphis, TN | $4K | 2021 |
| Shelby County SchoolsTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Memphis, TN | $124K | 2020 |
| W Tn State Guard AssnTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Nashville, TN | $5K | 2020 |
| Ymca Of Olympia WaTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Olympia, WA | $3K | 2020 |
| First Step Recovery CentersTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Memphis, TN | $3K | 2020 |
| Pioneer Missions GlobalTO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES | Jackson, TN | $2K | 2020 |
UNION CITY, TN
CHATTANOOGA, TN
NASHVILLE, TN