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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 $81K. Annual income is reported at $5K. 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. The foundation primarily funds organizations in Iowa, Nebraska and Maryland. 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.
Smallest Grant
$150
Median Grant
$1K
Average Grant
$1K
Largest Grant
$2K
Based on 8 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.
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.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kathryn Skallerup Dean | SEC/TREAS/DIR | $0 | $0 | N/A |
| John G Skallerup | VICE CHMN/DIR | $0 | $0 | N/A |
| Rebecca Skallerup Gross | Director | $0 | $0 | N/A |
| Charlotte A Skallerup | PRS/CHMN/DIR | $0 | $0 | N/A |
Total Giving
$11K
Total Assets
$75K
Fair Market Value
$172K
Net Worth
$75K
Grants Paid
$8K
Contributions
N/A
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 |
COUNCIL BLFS, IA
MUSCATINE, IA
CEDAR RAPIDS, IA