George and Lucy Malmberg Foundation

SARASOTA, FL EIN: 81-6941753

George and Lucy Malmberg Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SARASOTA, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.1M in total assets. In 2024, it awarded 2 grants totaling $1.1M. Net investment income was $951K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$12.1M

-1.3% YoY

Annual Giving

$1.1M

-45.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$550K

-45.0% YoY

Under IRS private-foundation payout rules, George and Lucy Malmberg Foundation reported a distributable amount of $735K for 2024 — the minimum it must pay out in qualifying distributions.

About George and Lucy Malmberg Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $4.3M (41%)

Pennsylvania $2.0M (19%)

New York $1.6M (15%)

Florida $1.5M (14%)

Ohio $1.0M (10%)

States

Florida North Carolina New York Ohio Pennsylvania

Cities

BooneCedarvilleCharlotteMountvilleNewtown SquareRochesterVenice

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$12,052,065	$12,211,039	$13,873,067
Revenue	$1,052,415	$440,562	$326,613
Expenses	$1,211,389	$2,132,825	$6,626,398
Qualifying Distributions	$1,107,440	$2,000,000	$6,500,000
Net Investment Income	$951,204	$312,813	$211,395
Distributable Amount	$735,138	$714,436	$786,342

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include St John Fisher College ($600,000), Billy Graham Evangelistic Association ($500,000).

Recipient	Purpose	Amount
BILLY GRAHAM EVANGELISTIC ASSOCIATION CHARLOTTE, NC	GENERAL OPERATING EXPENSES	$500,000
ST JOHN FISHER COLLEGE ROCHESTER, NY	GENERAL OPERATING EXPENSES	$600,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LUCY MALMBERG	TRUSTEE	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is George and Lucy Malmberg Foundation?

George and Lucy Malmberg Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SARASOTA, FL. It holds $12.1M in total assets as of 2024.

How large is George and Lucy Malmberg Foundation?

As of 2024, George and Lucy Malmberg Foundation holds $12.1M in total assets with $1.1M in annual revenue. It awarded 2 grants totaling $1.1M in 2024.

Where does George and Lucy Malmberg Foundation operate?

George and Lucy Malmberg Foundation has awarded grants in Florida, North Carolina, New York, Ohio, Pennsylvania.

What size grants does George and Lucy Malmberg Foundation award?

In 2024, George and Lucy Malmberg Foundation awarded 2 grants totaling $1.1M — an average of about $550K per grant, based on its IRS Form 990 filings.

How much is George and Lucy Malmberg Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, George and Lucy Malmberg Foundation reported a distributable amount of $735K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is George and Lucy Malmberg Foundation's EIN?

George and Lucy Malmberg Foundation's EIN (Employer Identification Number) is 81-6941753. IRS Form 990 filing data is available on this page for 2020–2024.