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Also known as: FOUNDATION
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Michael L And Margie A Bennett Foundation is a private corporation based in SIOUX CITY, IA. The foundation received its IRS ruling in 2013. It holds total assets of $413K. Annual income is reported at $828K. Total assets have decreased from $2.9M in 2010 to $191K in 2023. 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 2016 to 2023. The foundation primarily funds organizations in Iowa and Nebraska. According to available records, Michael L And Margie A Bennett Foundation has made 35 grants totaling $1.2M, with a median grant of $25K. Annual giving has decreased from $368K in 2021 to $258K in 2023. Grantmaking activity was highest in 2022 with $615K distributed across 14 grants. Individual grants have ranged from $4K to $250K, with an average award of $35K. The foundation has supported 18 unique organizations. The foundation primarily supports organizations in Iowa, Arkansas, Florida, which account for 89% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$12K
Average Grant
$26K
Largest Grant
$100K
Based on 10 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.
Michael L And Margie A Bennett Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 35 grants. Its grantmaking reaches organizations primarily in IA, AR, FL.
Michael L And Margie A Bennett Foundation has distributed a total of $1.2M across 35 grants. The median grant size is $25K, with an average of $35K. Individual grants have ranged from $4K to $250K.
Michael L And Margie A Bennett Foundation typically selects its grantees rather than accepting unsolicited proposals.
Michael L And Margie A Bennett Foundation is headquartered in SIOUX CITY, IA. While based in IA, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael L Bennett | CHAIRPERSON | $0 | $0 | N/A |
| Margie Bennett | VICE CHAIRPERSON | $0 | $0 | N/A |
| Mary Weaver | SECRETARY | $0 | $0 | N/A |
Total Giving
$266K
Total Assets
$191K
Fair Market Value
$228K
Net Worth
$191K
Grants Paid
$258K
Contributions
N/A
Net Investment Income
$11K
Distribution Amount
$17K
Total: N/A
Total Grants
35
Total Giving
$1.2M
Average Grant
$35K
Median Grant
$25K
Unique Recipients
18
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Okoboji FoundationASSISTANCE TO COMUNNITY | Arnolds Park, IA | $50K | 2023 |
| United WayASSISTANCE TO COMMUNITY ACTIVITIES | Sioux City, IA | $13K | 2023 |
| Camp High HopesASSISTANCE TO COMMUNITY ACTIVITIES | Sioux City, IA | $50K | 2023 |
| Boys And Girls Home & Family ServicesASSISTANCE TO COMMUNITY | Sioux City, IA | $50K | 2023 |
| Briar Cliff UniversityASSISTANCE TO EDUCATIONAL ACTIVITIES | Sioux City, IA | $25K | 2023 |
| Bishop Heelan Catholic SchoolsASSISTANCE TO EDUCATIONAL ACTIVITIES | Sioux City, IA | $20K | 2023 |
| Nebraska Greats FoundationASSISTANCE TO COMMUNITY ACTIVITIES | Omaha, NE | $15K | 2023 |
| Charitable Foundation Of The IslandsASSISTANCE TO COMMUNITY | Sanibel, FL | $15K | 2023 |
| Sioux City Parks & Rec Foundation IncASSISTANCE TO COMMUNITY ACTIVITIES | Sioux City, IA | $10K | 2023 |
| Sioux City SymphonyASSISTANCE TO COMMUNITY ACTIVITIES | Sioux City, IA | $10K | 2023 |
| Student MobilizationASSISTANCE TO EDUCATION | Conway, AR | $250K | 2022 |
| Morningside CollegeASSISTANCE TO EDUCATIONAL ACTIVITIES | Sioux City, IA | $76K | 2022 |
| Historic Arnold'S ParkASSISTANCE TO COMMUNITY ACTIVITIES | Arnolds Park, IA | $75K | 2022 |
| Quality Life CenterASSISTANCE TO COMMUNITY | Jacksonville, FL | $25K | 2022 |
| Spirit Of OkobojiASSISTANCE TO COMMUNITY | Okoboji, IA | $25K | 2022 |
| Boy Scouts Of America Mid America CouncilASSISTANCE TO COMMUNITY | Omaha, NE | $4K | 2022 |
| Unity Point Health - St Luke'S FoundationASSISTANCE TO COMMUNITY ACTIVITIES | Sioux City, IA | $33K | 2021 |
| StemmASSISTANCE TO COMMUNITY ACTIVITIES | Sioux City, IA | $10K | 2021 |
COUNCIL BLFS, IA
MUSCATINE, IA
CEDAR RAPIDS, IA