Funder DirectoryMAG Mutual Foundation Inc
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Private foundation (trust)EIN 462947580Est. 2014-07

MAG Mutual Foundation Inc

Wilmington, DE 198091377

Total Assets

$6.1M

FY 2023

Annual Giving

$141K

FY 2023

Grants Made

22

FY 2023

Avg Grant

$6K

FY 2023

Grant Range

$1K–$15K

Typical

Deadlines

Applications

Focus Areas

PhilanthropyVoluntarism & Grantmaking Foundations

Financial Snapshot

2023 filing

Total Revenue

$1.8M

Total Expenses

$169K

Qualifying Distributions

$168K

Distributable Amount

$212K

Min. Investment Return

$215K

Payout rate 79%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.79%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

22 grants

Grant sizes from minimum $1K through median $3K to maximum $15K, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

4 years

Giving over time from 2018 to 2023. Peak $189K in 2022. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

112 grants

MARSHALL UNIVERSITY FOUNDATION INCORPORATED
$40K
2 grants
MCLEOD MEDICAL CENTER FOUNDATION
$40K
2 grants
THE MOREHOUSE SCHOOL OF MEDICINE INC
$40K
2 grants
MATTHEWS FREE MEDICAL CLINIC
$30K
1 grant
THE HUGHSTON FOUNDATION INC
$30K
1 grant
ROCK SPRINGS CLINIC
$30K
2 grants
WEST VIRGINIA SCHOOL OF OSTEOPATHIC MEDICINE FOUND
$20K
1 grant
HEALTH ACCESS INC
$20K
1 grant

Grant Size Distribution

112 grants

<$10K
88
grants
$10–50K
24
grants
$50–250K
$250K–1M
$1–5M
$5M+

Geographic Focus

19 states

Georgia
$217K
35% of total
Florida
$86K
14% of total
West Virginia
$80K
13% of total
South Carolina
$62K
10% of total
North Carolina
$60K
10% of total
Pennsylvania
$37K
6% of total
New Jersey
$30K
5% of total
District of Columbia
$15K
2% of total
Oregon
$15K
2% of total
Virginia
$7K
1% of total

+9 more states

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