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EIN 46-3638072

The Magnolia Charitable Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Wilmington
State
Delaware
Year formed
2014
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The Magnolia Charitable Foundation is a private foundation located in Wilmington, DE that primarily funds general and unrestricted projects, as well as specific programs such as Whiz Kids Oklahoma, Roaring Fork Precollegiate, renovations for a trade school building, Putnam Heights Academy, Planned Parenthood and Centr. In addition to Urban Innovative Development Corporation, the foundation provides grants to many other organizations and made 60 grants in the previous year.
Total revenues
$168,968
2023
Total expenses
$194,719
2023
Total assets
$3,331,638
2023
Num. employees
0
2023

Grants made by The Magnolia Charitable Foundation

GranteeGrant descriptionAmount
Planned Parenthood Federation of AmericaFunds for Planned Parenthood of Central Oklahoma and Planned Parenthood Federation of America$45,000
Carry The LoadGeneral & Unrestricted$5,000
Deer Creek HS Baseball Booster ClubGeneral & Unrestricted$5,000
...and 31 more grants made totalling $113,200

Personnel at The Magnolia Charitable Foundation

NameTitleCompensation
Cara BarnesVice President$0

Financials for The Magnolia Charitable Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$86,845
Net rental income$0
Net gain from sale of non-inventory assets$82,120
Gross sales of inventory$0
Miscellaneous revenues$3
Total revenues$168,968

Form 990s for The Magnolia Charitable Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-11990PFView PDF
2022-122023-05-05990PFView PDF
2021-122022-04-26990PFView PDF
2020-122021-11-02990PFView PDF
2019-122020-09-02990PRView PDF
...and 6 more Form 990s
Data update history
July 10, 2023
Posted financials
Added Form 990PF for fiscal year 2022
August 11, 2022
Posted financials
Added Form 990PF for fiscal year 2020
August 19, 2021
Posted financials
Added Form 990R for fiscal year 2019
November 26, 2019
Posted financials
Added Form 990PF for fiscal year 2018
September 15, 2018
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax 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
Phone
(800) 839-1754
IRS details
EIN
46-3638072
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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