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Mg2 Foundation is a private corporation based in SEATTLE, WA. The foundation received its IRS ruling in 2014. It holds total assets of $1M. Annual income is reported at $589K. Total assets have grown from N/A in 2013 to $1M in 2023. 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 2016 to 2023. Grantmaking is concentrated in Washington. According to available records, Mg2 Foundation has made 31 grants totaling $827K, with a median grant of $5K. Annual giving has grown from $106K in 2020 to $270K in 2023. Grantmaking activity was highest in 2022 with $310K distributed across 4 grants. Individual grants have ranged from $500 to $155K, with an average award of $27K. The foundation has supported 23 unique organizations. The foundation primarily supports organizations in Washington, Florida, District of Columbia, which account for 87% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$10K
Average Grant
$47K
Largest Grant
$129K
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.
Mg2 Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 31 grants. Its grantmaking reaches organizations primarily in WA, FL, DC.
Mg2 Foundation has distributed a total of $827K across 31 grants. The median grant size is $5K, with an average of $27K. Individual grants have ranged from $500 to $155K.
Mg2 Foundation typically selects its grantees rather than accepting unsolicited proposals.
Mg2 Foundation is headquartered in SEATTLE, WA. While based in WA, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jerry Lee | EXECUTIVE DIRECTOR | $0 | $0 | N/A |
| Mitchell Smith | CHAIR | $0 | $0 | N/A |
| Russ Hazzard | DIRECTOR | $0 | $0 | N/A |
| Wendy Unzelman | DIRECTOR | $0 | $0 | N/A |
Total Giving
$392K
Total Assets
$1M
Fair Market Value
$1.1M
Net Worth
$1M
Grants Paid
$270K
Contributions
$276K
Net Investment Income
$9K
Distribution Amount
$56K
Total: $1M
Total Grants
31
Total Giving
$827K
Average Grant
$27K
Median Grant
$5K
Unique Recipients
23
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Fred Hutchinson Cancer CenterGENERAL PURPOSE | Seattle, WA | $155K | 2023 |
| Lake Washington Institute Of Technology FoundationGIFT FOR THE LW SCHOLARSHIP | Kirkland, WA | $21K | 2023 |
| Friends Of Costco GuildFOR THE BENEFIT OF THE CHILDREN'S GOLF CLASSIC | Seattle, WA | $15K | 2023 |
| College Success FoundationGIFT TO THE COSTCO SCHOLARSHIP FUND | Bellevue, WA | $15K | 2023 |
| Howard University College Of Engineering And ArchitectureGIFT FOR SCHOLARSHIP | Washington, DC | $10K | 2023 |
| The Bellevue Art MuseumGENERAL PURPOSE | Bellevue, WA | $10K | 2023 |
| Famu School Of Architecture & Engineering TechnologyFOR THE BENEFIT OF SUPPORTING DIGITAL LITERACY | Tallahassee, FL | $6K | 2023 |
| Habitat For HumanityGENERAL PURPOSE | Renton, WA | $5K | 2023 |
| Ace Mentor Program Of America IncGIFT FOR THE 2022 SILVER PARTNERSHIP | Philadelphia, PA | $3K | 2023 |
| Pacific Northwest Center For Architecture And DesignFOR THE BENEFIT OF THE SEATTLE DESIGN FESTIVAL | Seattle, WA | $3K | 2023 |
| Lupus Foundation Of America IncFOR THE BENEFIT OF THE WALK TO END LUPUS | Washington, DC | $3K | 2023 |
| Read AllianceGENERAL PURPOSE | New York, NY | $2K | 2023 |
| Architects Without Borders SeattleGENERAL PURPOSE | Seattle, WA | $2K | 2023 |
| Northwest Kidney CentersGENERAL PURPOSE | Seattle, WA | $1K | 2023 |
| The Howard UniversityFOR THE BENEFIT OF HARRIET TUBMAN TOURS FOR STUDENTS | Washington, DC | $800 | 2023 |
| Ichs FoundationGENERAL PURPOSE | Montclair, NJ | $500 | 2023 |
| Chinese American Citizens AllianceFOR THE BENEFIT OF THE RICE DRIVE | Seattle, WA | $500 | 2023 |
| Refugee Artisan InitiativeFOR THE BENEFIT OF THE SEASON OF CELEBRATION DINNER | Seattle, WA | $500 | 2023 |
| The Wing Luke MuseumGENERAL PURPOSE | Seattle, WA | $500 | 2023 |
| Fred Hutchinson Cancer ResearchGENERAL PURPOSE | Seattle, WA | $150K | 2022 |
| Susan G Komen Foundation - Puget SoundTO FUND SUSAN G. KOMEN - PUGET SOUND IN THEIR MISSION TO PROVIDE MAMMOGRAMS FOR LOW-INCOME,UNDERSERVED WOMEN IN WASHINGTON STATE. | Seattle, WA | $129K | 2021 |
| Bellevue Art MuseumSUPPORTING THE ARTS IN THE BELLEVUE, WASHINGTON AREA | Bellevue, WA | $10K | 2021 |
| Seattle Architecture FoundationSUPPORTING THE ARCHITECTURE, DESIGN AND HISTORY OF THE SEATTLE AREA. | Seattle, WA | $3K | 2021 |