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Mahogany Foundation is a private corporation based in TRAVERSE CITY, MI. The foundation received its IRS ruling in 2003. It holds total assets of $1.3M. Annual income is reported at $323K. The foundation is governed by 2 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. Grantmaking is concentrated in Michigan. According to available records, Mahogany Foundation has made 14 grants totaling $271K, with a median grant of $20K. Annual giving has decreased from $187K in 2022 to $84K in 2023. Individual grants have ranged from $5K to $38K, with an average award of $19K. The foundation has supported 9 unique organizations. Grant recipients are concentrated in Michigan. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$12K
Average Grant
$17K
Largest Grant
$36K
Based on 4 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.
Mahogany Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in MI.
Mahogany Foundation has distributed a total of $271K across 14 grants. The median grant size is $20K, with an average of $19K. Individual grants have ranged from $5K to $38K.
Mahogany Foundation typically selects its grantees rather than accepting unsolicited proposals.
Mahogany Foundation is headquartered in TRAVERSE CITY, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Meridith L Falconer | VICE PRES/SECRETARY | $0 | $0 | N/A |
| Daniel P Falconer | PRESIDENT/TREASURER | $0 | $0 | N/A |
Total Giving
$94K
Total Assets
$1.2M
Fair Market Value
$1.8M
Net Worth
$1.2M
Grants Paid
$84K
Contributions
N/A
Net Investment Income
$63K
Distribution Amount
$83K
Total: $1.1M
Total Grants
14
Total Giving
$271K
Average Grant
$19K
Median Grant
$20K
Unique Recipients
9
Most Common Grant
$30K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Northern MichiganEDUCATIONAL | Marquette, MI | $20K | 2023 |
| Safe Harbor Of Grand Traverse IncCOMMUNITY | Traverse City, MI | $20K | 2023 |
| Grand Traverse Conservation DistrictENVIRONMENTAL | Traverse City, MI | $15K | 2023 |
| Generations AheadSUPPORT FOR TEEN MOMS AND DADS | Traverse City, MI | $13K | 2023 |
| Child And Family ServicesCOMMUNITY | Traverse City, MI | $8K | 2023 |
| Goodwill Industries Of Northern MichiganCOMMUNITY | Traverse City, MI | $8K | 2023 |
| NorteCOMMUNITY | Traverse City, MI | $38K | 2022 |
| Women'S Resource CenterCOMMUNITY | Traverse City, MI | $21K | 2022 |
| Traverse City Area Pulbic SchoolsEDUCATIONAL | Traverse City, MI | $5K | 2022 |