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The Linda And Mike Mussallem Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2017. The principal officer is % Foundation Source. It holds total assets of $81.8M. Annual income is reported at $52.1M. The foundation operates in the area of philanthropy & grantmaking. According to available records, The Linda And Mike Mussallem Foundation has made 3 grants totaling $10M, with a median grant of $4.1M. Annual giving has grown from $1.9M in 2020 to $8.1M in 2022. Individual grants have ranged from $1.9M to $4.1M, with an average award of $3.3M. Grant recipients are concentrated in California. Contributions to this foundation are tax-deductible.
The Linda And Mike Mussallem Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in CA.
The Linda And Mike Mussallem Foundation has distributed a total of $10M across 3 grants. The median grant size is $4.1M, with an average of $3.3M. Individual grants have ranged from $1.9M to $4.1M.
The Linda And Mike Mussallem Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Linda And Mike Mussallem Foundation is headquartered in WILMINGTON, DE.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Linda Mussallem | Dir, Sec, VP | $0 | $0 | $0 |
| Michael Mussallem | Dir, Pres, Treas | $0 | $0 | $0 |
Total Giving
$4.7M
Total Assets
$91.5M
Fair Market Value
$104.6M
Net Worth
$91.5M
Grants Paid
$4.2M
Contributions
$6.6M
Net Investment Income
$5.8M
Distribution Amount
$4.8M
Total: $85.8M
Total Grants
3
Total Giving
$10M
Average Grant
$3.3M
Median Grant
$4.1M
Unique Recipients
1
Most Common Grant
$4.1M
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Orange County Community Foundationdonor adviser fund - George and Bob Fund | Irvine, CA | $4.1M | 2022 |
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