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Magnolia Foundation is a private corporation based in WACO, TX. The foundation received its IRS ruling in 2016. The principal officer is Jerry Stevens. It holds total assets of $337. Annual income is reported at N/A. Total assets have decreased from $236K in 2019 to $337 in 2024. The foundation is governed by 3 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 2017 to 2024. Grantmaking is concentrated in Texas. According to available records, Magnolia Foundation has made 48 grants totaling $814K, with a median grant of $3K. Annual giving has decreased from $462K in 2021 to $53K in 2023. Individual grants have ranged from $400 to $165K, with an average award of $17K. The foundation has supported 27 unique organizations. The foundation primarily supports organizations in Texas, Georgia, New Jersey, which account for 81% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$400
Median Grant
$11K
Average Grant
$39K
Largest Grant
$165K
Based on 12 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.
Magnolia Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 48 grants. Its grantmaking reaches organizations primarily in TX, GA, NJ.
Magnolia Foundation has distributed a total of $814K across 48 grants. The median grant size is $3K, with an average of $17K. Individual grants have ranged from $400 to $165K.
Magnolia Foundation typically selects its grantees rather than accepting unsolicited proposals.
Magnolia Foundation is headquartered in WACO, TX. While based in TX, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jerry Stevens | PRESIDENT | $0 | $0 | N/A |
| Chip Carter Gaines | DIRECTOR | $0 | $0 | N/A |
| Joanna Stevens Gaines | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$337
Fair Market Value
N/A
Net Worth
$257
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
48
Total Giving
$814K
Average Grant
$17K
Median Grant
$3K
Unique Recipients
27
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Cancer SocietyUNRESTRICTED DONATION | Waco, TX | $3K | 2022 |
| Kyle Lake FoundationUNRESTRICTED DONATION | Tyler, TX | $3K | 2022 |
| Salvation Army WacoUnrestricted donation | Waco, TX | $50K | 2023 |
| Waco Goodfellas IncUnrestricted Donation | Waco, TX | $3K | 2023 |
| Paul Quinn CollegeUNRESTRICTED DONATION | Paterson, NJ | $60K | 2022 |
| Kindness For KidsUNRESTRICTED DONATION | Nashville, TN | $25K | 2022 |
| Waco Chamber Of CommerceUNRESTRICTED DONATION | Waco, TX | $20K | 2022 |
| V FoundationUNRESTRICTED DONATION | Cary, NC | $10K | 2022 |
| Empowerment Driven By KnowledgeUNRESTRICTED DONATION | Waco, TX | $10K | 2022 |
| Cmtm-Children Matter The Most - Family Life CenterUNRESTRICTED DONATION | Spring Branch, TX | $3K | 2022 |
| Sleep In Heavenly Peace IncUNRESTRICTED DONATION | Twin Falls, ID | $3K | 2022 |
| Fuzzy Friends RescueUNRESTRICTED DONATION | Waco, TX | $3K | 2022 |
| Texas Museums & Halls Of FameUNRESTRICTED DONATION | Waco, TX | $3K | 2022 |
| Unbound NowUNRESTRICTED DONATION | Waco, TX | $3K | 2022 |
| Baylor UniversityUNRESTRICTED DONATION | Waco, TX | $2K | 2022 |
| Waco Community Development CorporationUNRESTRICTED DONATION | Waco, TX | $1K | 2022 |
| Refuge WacoUNRESTRICTED DONATION | Waco, TX | $1K | 2022 |
| Brave Like GabeUNRESTRICTED DONATION | Minneapolis, MN | $494 | 2022 |
| Habitat For Humanity TexasUNRESTRICTED DONATION | Americus, GA | $165K | 2021 |
| Feeding TexasUNRESTRICTED DONATION | Austin, TX | $105K | 2021 |
| Texas Baptist MenUNRESTRICTED DONATION | Dallas, TX | $75K | 2021 |
| Mission Waco Mission World IncUNRESTRICTED DONATION | Waco, TX | $40K | 2021 |
| Boss Club FoundationUNRESTRICTED DONATION | Mansfiled, TX | $15K | 2021 |
| Advocacy Center For Crime Victims And ChildrenUNRESTRICTED DONATION | Waco, TX | $5K | 2021 |
| Gb Lindsey Family CharityUNRESTRICTED DONATION | Waco, TX | $3K | 2021 |
| Casa Of Mclennan CountyUNRESTRICTED DONATION | Raleigh, NC | $2K | 2021 |
| The CoveUNRESTRICTED DONATION | Waco, TX | $400 | 2021 |