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The Magnolia Foundation Inc. is a private corporation based in JACKSONVILLE, FL. The foundation received its IRS ruling in 2010. The principal officer is Elizabeth Jennison. It holds total assets of $1M. Annual income is reported at $863. 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 2018 to 2023. Grantmaking is concentrated in Florida. According to available records, The Magnolia Foundation Inc. has made 46 grants totaling $263K, with a median grant of $3K. The foundation has distributed between $130K and $133K annually from 2021 to 2022. Individual grants have ranged from $100 to $17K, with an average award of $6K. The foundation has supported 17 unique organizations. Grants have been distributed to organizations in Florida and Virginia and North Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$1K
Average Grant
$4K
Largest Grant
$15K
Based on 15 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.
The Magnolia Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 46 grants. Its grantmaking reaches organizations primarily in FL, VA, NC.
The Magnolia Foundation Inc. has distributed a total of $263K across 46 grants. The median grant size is $3K, with an average of $6K. Individual grants have ranged from $100 to $17K.
The Magnolia Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
The Magnolia Foundation Inc. is headquartered in JACKSONVILLE, FL. While based in FL, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Elizabeth K Jennison | PRES, SEC, TREAS | $0 | $0 | $0 |
| Wesley J Jennison | TRUSTEE | $0 | $0 | $0 |
| Caroline J Diquisto | TRUSTEE | $0 | $0 | $0 |
| Elizabeth S Jennison | TRUSTEE | $0 | $0 | $0 |
Total Giving
$59K
Total Assets
$1.1M
Fair Market Value
$1.1M
Net Worth
$1.1M
Grants Paid
$55K
Contributions
$0
Net Investment Income
$0
Distribution Amount
$55K
Total Grants
46
Total Giving
$263K
Average Grant
$6K
Median Grant
$3K
Unique Recipients
17
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Jim And Tabitha Furyk Foundation IncCHARITABLE CONTRIBUTION | Ponte Vedra Beach, FL | $8K | 2022 |
| Jacksonville Symphony OrchestraCHARITABLE CONTRIBUTION | Jacksonville, FL | $17K | 2022 |
| Cathedral Arts Project IncCHARITABLE CONTRIBUTION | Jacksonville, FL | $14K | 2022 |
| Florida TheatreCHARITABLE CONTRIBUTION | Jacksonville, FL | $13K | 2022 |
| The Joy Fund FoundaitonCHARITABLE CONTRIBUTION | Norfolk, VA |
WEST PALM BCH, FL
WEST PALM BCH, FL
POMPANO BEACH, FL
| 2018 | 990PF | View |
| $5K |
| 2022 |
| Museum Of Science & HistoryCHARITABLE CONTRIBUTION | Jacksonville, FL | $5K | 2022 |
| Church Of The RedeemerCHARITABLE CONTRIBUTION | Sarasota, FL | $2K | 2022 |
| Ymca Of Florida'S First CoastCHARITABLE CONTRIBUTION | Jacksonville, FL | $2K | 2022 |
| Flagler CollegeCHARITABLE CONTRIBUTION | St Augustine, FL | $10K | 2021 |
| The Community FoundationCHARITABLE CONTRIBUTION | Jacksonville, FL | $3K | 2021 |
| The Discovery School Of Jacksonville IncCHARITABLE CONTRIBUTION | Jacksonville Beach, FL | $1K | 2021 |
| Ronald Mcdonald HouseCHARITABLE CONTRIBUTION | Jacksonville, FL | $1K | 2021 |
| Jacksonville Country Day SchoolCHARITABLE CONTRIBUTION | Jacksonville, FL | $1K | 2021 |
| Museum Of Contemporary Art Jacksonville IncCHARITABLE CONTRIBUTION | Jacksonville, FL | $1K | 2021 |
| Cummer MuseumCHARITABLE CONTRIBUTION | Jacksonville, FL | $750 | 2021 |
| Summit Charter SchoolCHARITABLE CONTRIBUTION | Cashiers, NC | $250 | 2021 |
| J1-9 MinistriesCHARITABLE CONTRIBUTION | Saint Johns, FL | $100 | 2021 |
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