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Mag Mutual Foundation Inc. is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2014. The principal officer is % Foundation Source. It holds total assets of $5.3M. Annual income is reported at $396K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Mag Mutual Foundation Inc. has made 96 grants totaling $503K, with a median grant of $2K. Annual giving has grown from $126K in 2020 to $377K in 2022. Individual grants have ranged from $150 to $20K, with an average award of $5K. The foundation has supported 62 unique organizations. The foundation primarily supports organizations in Georgia, West Virginia, Florida, which account for 61% of all grants. Grantmaking reaches organizations across 15 states. Contributions to this foundation are tax-deductible.
Mag Mutual Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 96 grants. Its grantmaking reaches organizations primarily in GA, WV, FL.
Mag Mutual Foundation Inc. has distributed a total of $503K across 96 grants. The median grant size is $2K, with an average of $5K. Individual grants have ranged from $150 to $20K.
Mag Mutual Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Mag Mutual Foundation Inc. is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 15 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Marisa Anderson | Board Member | $0 | $0 | $0 |
| Donna Andrews | Board Member | $0 | $0 | $0 |
| John S Antalis | Board Member, Chairman, Pres | $0 | $0 | $0 |
| Alison Bartfield Md | Board Member | $0 | $0 | $0 |
| Michael J Bono | Board Member | $0 | $0 | $0 |
Total Giving
$169K
Total Assets
$5.3M
Fair Market Value
$6.1M
Net Worth
$5.3M
Grants Paid
$141K
Contributions
$1.6M
Net Investment Income
$175K
Distribution Amount
$212K
Total Grants
96
Total Giving
$503K
Average Grant
$5K
Median Grant
$2K
Unique Recipients
62
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Health Access IncGeneral & Unrestricted | Clarksburg, WV | $20K | 2022 |
| West Virginia School Of Osteopathic Medicine FoundGeneral scholarship fund | Lewisburg, WV | $20K | 2022 |
| Marshall University Foundation IncorporatedGeneral & Unrestricted | Huntington, WV | $20K | 2022 |
| Pittsburgh Green Innovators IncThe Elizabeth & Claire LaPlante Foundation, Inc. | Pittsburgh, PA | $20K | 2022 |
| Emory UniversityTransitional Care Clinic at Emory Decatur Hospital | Atlanta, GA | $15K |
| Kara Cleary |
| Sec |
| $0 |
| $0 |
| $0 |
| Tamara Huffman | Board Member | $0 | $0 | $0 |
| Carrie Lowe | Board Member | $0 | $0 | $0 |
| Nicholas J Martowski | CHIEF INVESTMT OFFICER, Treas | $0 | $0 | $0 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2022 |
| Macon Volunteer Clinic IncMedical Director Salary Support for Oversight | Macon, GA | $15K | 2022 |
| Richmond County Medical Society Project Access IncDurable Medical Equipment | Augusta, GA | $15K | 2022 |
| Sanford Crisis Pregnancy CenterClients services | Sanford, FL | $15K | 2022 |
| Mcleod Medical Center FoundationA new Mobile Mammography Unit | Florence, SC | $10K | 2022 |
| Medshare InternationalGeneral & Unrestricted | Decatur, GA | $3K | 2022 |
| Chastain Horse Park LtdGeneral & Unrestricted | Atlanta, GA | $3K | 2022 |
| Good Samaritan Health Center IncGeneral & Unrestricted | Atlanta, GA | $3K | 2022 |
| North Carolina Physicans Health Program IncPhysician Suicide Prevention Initiative | Raleigh, NC | $3K | 2022 |
| Whale FoundationGeneral & Unrestricted | Flagstaff, AZ | $1K | 2022 |
| Discovering MercyGeneral & Unrestricted | Lehighton, PA | $1K | 2022 |
| Frederica Academy IncGeneral & Unrestricted | St Simons Is, GA | $1K | 2022 |
| Georgia Professional Health Program IncGeneral & Unrestricted | Atlanta, GA | $1K | 2022 |
| Kipp Jacksonville IncHealth Occupations Students of America Club | Jacksonville, FL | $1K | 2022 |
| The Young Mens Christian Association Of The TriangGeneral & Unrestricted | Raleigh, NC | $1K | 2022 |
| Dbwpc IncGirl Matters: Continuity of Care Program | Jacksonville, FL | $15K | 2020 |
| The Morehouse School Of Medicine IncHealth Equity for All Lives (HEAL) Clinic | Atlanta, GA | $15K | 2020 |
| C ZughbiShort-term Emergency Assistance Grant | Fort Myers, FL | $5K | 2020 |
| The Global Village Project IncGeneral & Unrestricted | Decatur, GA | $5K | 2020 |
| M SiegmanShort-term Emergency Assistance Grant | Tampa, FL | $5K | 2020 |
| H StringerShort-term Emergency Assistance Grant | Stockbridge, GA | $5K | 2020 |
| G GeersShort-term Emergency Assistance Grant | Davidson, NC | $5K | 2020 |
| M ArmadaShort-term Emergency Assistance Grant | Virginia Beach, VA | $5K | 2020 |
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