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Medical Magnet Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2024. The principal officer is Foundation Source. It holds total assets of $693K. Annual income is reported at $250K. 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. According to available records, Medical Magnet Foundation has made 1 grants totaling $15K, with a median grant of $15K. Grant recipients are concentrated in California. Contributions to this foundation are tax-deductible.
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 Magnet Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 1 grants. Its grantmaking reaches organizations primarily in CA.
Medical Magnet Foundation has distributed a total of $15K across 1 grants. The median grant size is $15K, with an average of $15K. Individual grants have ranged from $15K to $15K.
Medical Magnet Foundation typically selects its grantees rather than accepting unsolicited proposals.
Medical Magnet Foundation is headquartered in WILMINGTON, DE.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Gaston Alvarez | Dir, Pres, Treas | $0 | $0 | N/A |
| Theresa Michele Henry | Dir, Sec | $0 | $0 | N/A |
| Year | Return Type | |
|---|---|---|
| 2023 | 990PF | View |
Total Giving
$22K
Total Assets
$494K
Fair Market Value
$494K
Net Worth
$479K
Grants Paid
$15K
Contributions
$500K
Net Investment Income
N/A
Distribution Amount
$1K
Total Grants
1
Total Giving
$15K
Average Grant
$15K
Median Grant
$15K
Unique Recipients
1
Most Common Grant
$15K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Our Lady Of Fatima ChurchGeneral & Unrestricted | San Clemente, CA | $15K | 2023 |