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Mads Engelstoft Foundation is a private corporation based in HOUSTON, TX. The foundation received its IRS ruling in 2021. The principal officer is Mads Engelstoft. It holds total assets of $4.7M. Annual income is reported at $136K. Total assets have grown from $408K in 2020 to $4.8M in 2023. The foundation is governed by 4 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 2020 to 2023. According to available records, Mads Engelstoft Foundation has made 24 grants totaling $390K, with a median grant of $3K. Annual giving has grown from $55K in 2021 to $310K in 2023. Individual grants have ranged from $200 to $100K, with an average award of $16K. The foundation has supported 14 unique organizations. The foundation primarily supports organizations in Texas, Connecticut, Illinois, which account for 75% of all grants. Grantmaking reaches organizations across 5 states. 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.
Mads Engelstoft Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 24 grants. Its grantmaking reaches organizations primarily in TX, CT, IL.
Mads Engelstoft Foundation has distributed a total of $390K across 24 grants. The median grant size is $3K, with an average of $16K. Individual grants have ranged from $200 to $100K.
Mads Engelstoft Foundation typically selects its grantees rather than accepting unsolicited proposals.
Mads Engelstoft Foundation is headquartered in HOUSTON, TX. While based in TX, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mads Engelstoft | Director | $0 | $0 | N/A |
| Sten Engelstoft | Director | $0 | $0 | N/A |
| Conceza Abegaile Engelstoft | Director | $0 | $0 | N/A |
| Bente I Engelstoft | Director | $0 | $0 | N/A |
Total Giving
$317K
Total Assets
$4.8M
Fair Market Value
$5M
Net Worth
$4.8M
Grants Paid
$310K
Contributions
$1.4M
Net Investment Income
$155K
Distribution Amount
$182K
Total Grants
24
Total Giving
$390K
Average Grant
$16K
Median Grant
$3K
Unique Recipients
14
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First United Methodist ChurchGENERAL ASSISTANCE | Fulshear, TX | $65K | 2023 |
| The Rotary Foundationgeneral assistance | Evanston, IL | $100K | 2023 |
| Save The Childrengeneral assistance | Fairfield, CT | $100K | 2023 |
| Wordserve United Methodist ChurchGENERAL ASSISTANCE | Fulshear, TX | $21K | 2023 |
| Cross Catholic Outreach Zambiageneral assistance | Boca Raton, FL | $10K | 2023 |
| Brazos Youth Fair Booster ClubGENERAL ASSISTANCE | Wallis, TX | $6K | 2023 |
| Trailblazer Cambodia Organizationgeneral assistance | Siem Reap | $5K | 2023 |
| Abigail'S PlaceGENERAL ASSISTANCE | Richmond, TX | $1K | 2023 |
| Brazosport Rotary Clubgeneral assistance | Lake Jackson, TX | $1K | 2023 |
| Pccigeneral assistance | Dallas, TX | $1K | 2023 |
| Fulshear Outreach And Development Cgeneral assistance | Katy, TX | $250 | 2023 |
| G1 World FoundationGENERAL ASSISTANCE | La Mirada, CA | $200 | 2023 |
| Atlas ReimbursementCharity given to FGC Community Link Cambodia | Svaydangkun | $50K | 2021 |
| Military Warriors Support FoundatioDonation for the Veterans | San Antonio, TX | $5K | 2021 |