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Magc Foundation is a private corporation based in GLENWOOD, IA. The foundation received its IRS ruling in 1999. The principal officer is % Glenn M Skallerup. It holds total assets of $88K. Annual income is reported at $34K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Magc Foundation has made 28 grants totaling $31K, with a median grant of $750. Annual giving has grown from $7K in 2020 to $8K in 2023. Individual grants have ranged from $150 to $3K, with an average award of $1K. The foundation has supported 10 unique organizations. Grants have been distributed to organizations in Iowa and Nebraska and Maryland. Contributions to this foundation are tax-deductible.
Magc Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 28 grants. Its grantmaking reaches organizations primarily in IA, NE, MD.
Magc Foundation has distributed a total of $31K across 28 grants. The median grant size is $750, with an average of $1K. Individual grants have ranged from $150 to $3K.
Magc Foundation typically selects its grantees rather than accepting unsolicited proposals.
Magc Foundation is headquartered in GLENWOOD, IA. While based in IA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kathryn Skallerup Dean | SEC/TREAS/DIR | $0 | $0 | $0 |
| John G Skallerup | VICE CHMN/DIR | $0 | $0 | $0 |
| Rebecca Skallerup Gross | Director | $0 | $0 | $0 |
| Charlotte A Skallerup | PRS/CHMN/DIR | $0 | $0 | $0 |
Total Giving
$11K
Total Assets
$75K
Fair Market Value
$172K
Net Worth
$75K
Grants Paid
$8K
Contributions
$0
Net Investment Income
$4K
Distribution Amount
$8K
Total: $71K
Total Grants
28
Total Giving
$31K
Average Grant
$1K
Median Grant
$750
Unique Recipients
10
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Glenwood Fire DeptGENERAL | Glenwood, IA | $3K | 2023 |
| Algona Ia Volunteer Fire DeptGENERAL | Algona, IA | $2K | 2023 |
| Purdum Rural Fire DeptGENERAL | Valentine, NE | $2K | 2023 |
| Bloom Senior CenterGENERAL | Glenwood, IA | $1K | 2023 |
| Planned ParenthoodGENERAL | Council Bluffs, IA | $250 | 2023 |
| National Public RadioGENERAL |
| Baltimore, MD |
| $250 |
| 2023 |
| Iowa Public TelevisionGENERAL | Johnston, IA | $250 | 2023 |
| Halsey Rural Fire DistrictGENERAL | Haley, NE | $1K | 2022 |
| Glenwood Senior CenterGENERAL | Glenwood, IA | $1K | 2022 |
| Mills County YmcaGENERAL | Glenwood, IA | $500 | 2020 |
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