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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. Total assets have grown from $2.5M in 2014 to $5.3M in 2023. The foundation is governed by 9 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 2016 to 2023. The foundation primarily funds organizations in Georgia and West Virginia. 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.
Smallest Grant
$510
Median Grant
$3K
Average Grant
$7K
Largest Grant
$45K
Based on 22 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.
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 | N/A |
| Donna Andrews | Board Member | $0 | $0 | N/A |
| John S Antalis | Board Member, Chairman, Pres | $0 | $0 | N/A |
| Alison Bartfield Md | Board Member | $0 | $0 | N/A |
| Michael J Bono | Board Member | $0 | $0 | N/A |
| Kara Cleary | Sec | $0 | $0 | N/A |
| Tamara Huffman | Board Member | $0 | $0 | N/A |
| Carrie Lowe | Board Member | $0 | $0 | N/A |
| Nicholas J Martowski | CHIEF INVESTMT OFFICER, Treas | $0 | $0 | N/A |
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 |
|---|---|---|---|
| Pittsburgh Green Innovators IncThe Elizabeth & Claire LaPlante Foundation, Inc. | Pittsburgh, PA | $20K | 2022 |
| West Virginia School Of Osteopathic Medicine FoundGeneral scholarship fund | Lewisburg, WV | $20K | 2022 |
| Marshall University Foundation IncorporatedGeneral & Unrestricted | Huntington, WV | $20K | 2022 |
| Health Access IncGeneral & Unrestricted | Clarksburg, WV | $20K | 2022 |
| Emory UniversityTransitional Care Clinic at Emory Decatur Hospital | Atlanta, GA | $15K | 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 |
| 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 |
| Georgia Professional Health Program IncGeneral & Unrestricted | Atlanta, GA | $1K | 2022 |
| Frederica Academy IncGeneral & Unrestricted | St Simons Is, GA | $1K | 2022 |
| Whale FoundationGeneral & Unrestricted | Flagstaff, AZ | $1K | 2022 |
| Discovering MercyGeneral & Unrestricted | Lehighton, PA | $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 |
| The Global Village Project IncGeneral & Unrestricted | Decatur, GA | $5K | 2020 |
| G GeersShort-term Emergency Assistance Grant | Davidson, NC | $5K | 2020 |
| M SiegmanShort-term Emergency Assistance Grant | Tampa, FL | $5K | 2020 |
| C ZughbiShort-term Emergency Assistance Grant | Fort Myers, FL | $5K | 2020 |
| H StringerShort-term Emergency Assistance Grant | Stockbridge, GA | $5K | 2020 |
| M ArmadaShort-term Emergency Assistance Grant | Virginia Beach, VA | $5K | 2020 |