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Medical Group Foundation Inc. is a private corporation based in HIGHLAND, MD. The foundation received its IRS ruling in 1964. It holds total assets of $646K. Annual income is reported at $206K. The foundation is governed by 6 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 Maryland. According to available records, Medical Group Foundation Inc. has made 14 grants totaling $191K, with a median grant of $12K. Annual giving has grown from $50K in 2020 to $96K in 2022. Individual grants have ranged from $100 to $30K, with an average award of $14K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Maryland. Contributions to this foundation are tax-deductible.
Smallest Grant
$13K
Median Grant
$13K
Average Grant
$17K
Largest Grant
$25K
Based on 3 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.
Medical Group Foundation Inc. 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 MD.
Medical Group Foundation Inc. has distributed a total of $191K across 14 grants. The median grant size is $12K, with an average of $14K. Individual grants have ranged from $100 to $30K.
Medical Group Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Medical Group Foundation Inc. is headquartered in HIGHLAND, MD.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Charlotte M Record | SEC/TREAS | $27K | $0 | $27K |
| Douglas L Malin | PRESIDENT | $6K | $0 | $6K |
| M Leroy Haas | TRUSTEE | $0 | $0 | N/A |
| David P Malin | TRUSTEE | $0 | $0 | N/A |
| George W Reid | TRUSTEE | $0 | $0 | N/A |
| Wesley S Malin | TTUSTEE | $0 | $0 | N/A |
Total Giving
$97K
Total Assets
$684K
Fair Market Value
$749K
Net Worth
$683K
Grants Paid
$47K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
$41K
Total: $630K
Total Grants
14
Total Giving
$191K
Average Grant
$14K
Median Grant
$12K
Unique Recipients
4
Most Common Grant
$12K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Washington Adventist UnivEDUCATIONAL | Takoma Park, MD | $24K | 2022 |
| Beltsville Adventist SchoEDUCATIONAL | Beltsville, MD | $12K | 2022 |
| Takoma AcademyEDUCATIONAL | Takoma Park, MD | $12K | 2022 |
| Fifth District Volunteer Fire DeptFIRE PREVENTION | Clarksville, MD | $100 | 2022 |
BALTIMORE, MD
OWINGS MILLS, MD
HANOVER, MD