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EIN 46-2947580

MAG Mutual Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
City
Wilmington
State
Delaware
Year formed
2014
Most recent tax filings
2022-12-01
NTEE code, primary
T20: Private Foundations
Description
The MAG Mutual Foundation is a private foundation located in Wilmington, DE that primarily funds general and unrestricted short-term emergency assistance grants, the wvmphp introduction video program, a trailer park ministry in Atlanta, and a scholarship fund for low income individuals. Grantees include The Morehouse School Of Medicine Inc and others. Last year, the foundation made 22 grants.
Total revenues
$202,786
2022
Total expenses
$219,010
2022
Total assets
$3,742,202
2022
Num. employees
n/a

Grants made by MAG Mutual Foundation

GranteeGrant descriptionAmount
Health AccessGeneral & Unrestricted$20,000
Pittsburgh Green InnovatorsThe Elizabeth & Claire Laplante Foundation, Inc.$20,000
Marshall University Foundation IncorporatedGeneral & Unrestricted$20,000
...and 16 more grants made

Personnel at MAG Mutual Foundation

NameTitleCompensation
Nicholas MartowskiTreasurer$0
William Kanich, MD, JDChief Medical Officer, Magmutual Partner
Adam BatesChief Underwriting Officer, Magmutual Partner
Julie MartinChief Human Capital Officer, Magmutual Partner
Malaika SimmonsChief Claims Officer, Magmutual Partner

Financials for MAG Mutual Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$100,000
Investment income and dividends$99,752
Net rental income$0
Net gain from sale of non-inventory assets$3,034
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$202,786

Form 990s for MAG Mutual Foundation

Fiscal year endingDate received by IRSFormPDF link
2021-122022-11-03990PFView PDF
2020-122021-05-05990PFView PDF
2019-122021-06-09990PFView PDF
2018-122019-08-09990PFView PDF
2017-122018-08-23990PFView PDF
...and 3 more Form 990s
Data update history
July 6, 2023
Updated personnel
Identified 1 new personnel
June 4, 2023
Updated personnel
Identified 2 new personnel
August 12, 2022
Posted financials
Added Form 990PF for fiscal year 2020
October 18, 2021
Posted financials
Added Form 990PF for fiscal year 2019
September 24, 2021
Updated personnel
Identified 4 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
Provides grantsTax deductible donationsNo full-time employees
General information
Address
Foundation Source 501 Silverside Rd
Wilmington, DE 19809
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
New Castle County, DE
Website URL
magmutual.com/ 
Phone
(800) 839-1754
IRS details
EIN
46-2947580
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2014
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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