Magnolia Foundation
Preselected recipients only
Magnolia Foundation is a private foundation in Rio Grande, Puerto Rico. In tax year 2024 it gave $40,801 in 7 grants; the typical grant was $1,635 and the largest $30,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$40,801
- Number of grants7
- Typical grant$1,635
- Largest grant$30,000
- Assets$507,906
- New grantees43%
Giving in 2024 was up from $40,569 the year before.
43% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $40,569 | 11 | $471,470 |
| 2024 | $40,801 | 7 | $507,906 |
How to apply
Magnolia Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Magnolia Foundation funds
Where it gives
Its US grants went to recipients in 6 states, the most to Pennsylvania. It also paid $4,000 in 1 grant to recipients outside the US.
| State | Grants | Amount |
|---|---|---|
| Pennsylvania | 1 | $30,000 |
| Virginia | 1 | $2,266 |
| Maryland | 1 | $1,635 |
| California | 1 | $1,400 |
| Florida | 1 | $1,000 |
| New York | 1 | $500 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| University of Pennsylvania | General support | $30,000 |
| Fundacion Forjadores de Esperanza | General support | $4,000 |
| Nature Conservancy | General support | $2,266 |
| Grace & Hope Ministries | General support | $1,635 |
| Cool Effect Inc | General support | $1,400 |
| Hope and Deliverance Ministries | Thanksgiving food bank | $1,000 |
| JDRF International | General support | $500 |
Officers and trustees
- Tom R S Millon
Questions people ask
Does Magnolia Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Magnolia Foundation give?
$40,801 in tax year 2024, across 7 grants, with a typical grant of $1,635.
Who runs Magnolia Foundation?
Its 2024 filing lists Tom R S Millon (Trustee).
What does Magnolia Foundation fund?
Based on its grants, mainly international and faith communities.