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Magale Foundation is a private corporation based in SHREVEPORT, LA. The foundation received its IRS ruling in 1959. The principal officer is First National Bk Of Shreveport. It holds total assets of $2.4M. Annual income is reported at $673K. The foundation is governed by 3 officers and trustees. Tax records are available from 2019 to 2023. The foundation primarily funds organizations in Louisiana and Arkansas. According to available records, Magale Foundation has made 77 grants totaling $755K, with a median grant of $8K. Annual giving has grown from $145K in 2020 to $465K in 2022. Individual grants have ranged from $1K to $25K, with an average award of $10K. The foundation has supported 19 unique organizations. Grants have been distributed to organizations in Louisiana and Arkansas. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$8K
Average Grant
$10K
Largest Grant
$25K
Based on 15 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.
Magale Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 77 grants. Its grantmaking reaches organizations primarily in LA, AR.
Magale Foundation has distributed a total of $755K across 77 grants. The median grant size is $8K, with an average of $10K. Individual grants have ranged from $1K to $25K.
The application deadline is Received by foundation on or before April 1st of each year. Organizations requesting contributions must be charitable, religious, scientific, literary, or educational institutions, organizations, funds, or foundations that qualify as exempt organizations under Section 501(c)(3) of the Internal Revenue Code and its regulations as they now exist or may hereafter be amended, and furnish a letter stating organization is not a private foundation as defined in Section 509(a) of the Internal Revenue Code.
Magale Foundation is headquartered in SHREVEPORT, LA. While based in LA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael Epley | President | $0 | $0 | N/A |
| Reese Lewis | Vice President | $0 | $0 | N/A |
| Homer F Greer Jr | Secretary/Treas | $0 | $0 | N/A |
Total Giving
$173K
Total Assets
$2.5M
Fair Market Value
$3.1M
Net Worth
$2.5M
Grants Paid
$146K
Contributions
N/A
Net Investment Income
$291K
Distribution Amount
$139K
Total: N/A
Total Grants
77
Total Giving
$755K
Average Grant
$10K
Median Grant
$8K
Unique Recipients
19
Most Common Grant
$25K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Bossier Parish Community College FoSCHOLARSHIP FUND | Bossier City, LA | $25K | 2022 |
| Southern Arkansas University FoundaSCHOLARSHIP FUND | Magnolia, AR | $25K | 2022 |
| Nw State University FoundationSCHOOL OF CREATIVE AND PERFORMING ARTS - MAGALE SCHOLARSHIP FUND | Natchitoches, LA | $25K | 2022 |
| Lsus FoundationJOHN & JOANN MAGALE ENDOWED SCHOLARSHIP | Shreveport, LA | $15K | 2022 |
| Boys Girls Club Of Magnolia IncCAPITAL IMPROVEMENTS TO BOYS AND GIRLS CLUB FACILITY | Magnolia, AR | $10K | 2022 |
| Magnolia Arts CouncilGENERAL FUND FOR EDUCATIONAL EXPENSES FOR ARTS, THEATRE , FILM , MUSIC PROGRAMS | Magnolia, AR | $10K | 2022 |
| Magnolia Specialized ServicesFUNDS FOR AUTISM PROGRAM TO PROVIDE SPEECH AND OCCUPATIONAL THERAPIES | Magnolia, AR | $10K | 2022 |
| Biomedical Research Foundation Of NHELPS UNDERWRITE EDUCATION INTERNSHIP FOR HS SENIORS IN SCIENCE AND MEDICINE | Shreveport, LA | $8K | 2022 |
| The Arc Of Caddo-BossierGENERAL FUND | Shreveport, LA | $8K | 2022 |
| Methodist Family Health FoundationCAPITAL IMPROVEMENTS TO MAGALE BOYS HOME | Little Rock, AR | $6K | 2022 |
| Up With DownsGENERAL FUND | Bossier City, LA | $5K | 2022 |
| Centenary College Of La FoundationMAGALE LIBRARY EXPENSES | Shreveport, LA | $5K | 2022 |
| Shreveport OperaFUNDING FOR OPERA EDUCATION IN PUBLIC SCHOOLS | Shreveport, LA | $3K | 2022 |
| Volunteers For Youth JusticeMENTORING PROGRAM FOR AT RISK YOUTH | Shreveport, LA | $1K | 2022 |
| So Arkansas University FoundationCOLUMBIA COUNTY CONSERVATION DISTRICT SCHOLARSHIP FUND | Magnolia, AR | $1K | 2022 |