IMG Academy Foundation Inc
IMG Academy Foundation Inc is a private foundation based in Bradenton, Florida. It supports opportunities and resources intended to empower youth through education and personal development, with an emphasis on accessibility, girls in sports, and positive sports experiences.
IMG Academy Foundation Inc at a glance
In short: IMG Academy Foundation Inc gave $312K across 57 grants in 2024 (avg $5K), mostly in Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $311,644
- +1146.6% vs 2023
- Grants made (2024)
- 57
- +2750.0% vs 2023
- Average grant
- $5,467
- -56.3% vs 2023
- Median grant
- $3,900
- Total assets
- $400,749
- +152.8% vs 2023
- Primary geography
- Florida (82% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to IMG Academy Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The Foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 5500 34Th St W, Bradenton, FL 34210
Phone: (941) 752-2489
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who IMG Academy Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Benjamin Straw ($15K). Together the top 10 received $135K.
Grant Size Distribution
59 grants across all recorded years
The most common grant size was under $50K: 59 grants of 59 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 82% of grant dollars went to recipients in Florida, 9% to North Carolina, 5% to South Carolina, 2% to Tennessee, and 1% to Georgia.
Grant Distribution by State
Share of 2024 grant dollars across all 57 itemized grants.
Cities
How IMG Academy Foundation Inc gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $25K (2023) to $312K (2024). In 2024 it made 57 grants totaling $312K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Benjamin Straw St Petersburg, FL | Hurricane Relief | $15,000 |
| Don Volante New Port Richey, FL | Hurricane Relief | $15,000 |
| Ethan Spence Bradenton, FL | Hurricane Relief | $15,000 |
| Marcy Pfahler Bradenton Beach, FL | Hurricane Relief | $15,000 |
| Nicomedes Aguirre Bradenton, FL | Hurricane Relief | $15,000 |
| Suzanna Stein Palmetto, FL | Hurricane Relief | $15,000 |
| Victoria Sun Bradenton, FL | Hurricane Relief | $15,000 |
| Barry University Miami Shores, FL | Donation to Help Operations | $10,000 |
| Boys & Girls Club of Manatee County Bradenton, FL | Community Relations and Social Impact | $10,000 |
| Cedar Hammock Firefighters Benevolent Fund Sarasota, FL | Hurricane Relief | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $400,749 | $571,438 | $329,213 | $311,644 | 57 | $311,644 | $3 | $11,651 |
| 2023 | $158,524 | $109,135 | $50,611 | $25,000 | 2 | $25,000 | — | $531 |
| 2022 | $100,000 | $110,600 | $10,600 | — | — | — | — | $205 |
Under IRS private-foundation payout rules, IMG Academy Foundation Inc reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Foundation’s stated vision is to improve lives in its communities by expanding access and opportunity for youth through education and personal development, and by supporting initiatives that promote equity and a positive sports experience for all. Its stated pillars are Youth, Girls, Opportunity, and Sustainability.
Examples of organizations it supported in 2024 include Barry University, which describes itself as a Catholic institution of higher education committed to academic standards across undergraduate, graduate, and professional education; Big Waters Land Trust, whose mission is to protect land and water for people and nature; and the Manatee Education Foundation, which says it funds innovative programs and enhances educational opportunities for teachers and students in Manatee County public schools beyond state funding.
Grantmaking
In 2024, the Foundation made 57 grants totaling $311,644. Grants ranged from $468 to $15,000, with a median of $3,900. The largest awards included seven $15,000 grants for hurricane relief to individuals in Florida. Other notable grants included $10,000 to Barry University for operations, $10,000 to the Boys & Girls Club of Manatee County for community relations and social impact, and $10,000 to the Cedar Hammock Firefighters Benevolent Fund for hurricane relief. Big Waters Land Trust and the Manatee Education Foundation each received $5,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Brent Richard as president and director, and Dan Malasky, Mike Lovecchio, Lisa Strasman, and Mike Milliron as directors.
IMG Academy Foundation Inc is led by Brent Richard, President & Director on every filing since 2022; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Brent Richard
President & Director
On filings since 2022
1 hr/week
No compensation reported
Lisa Strasman
Director
On filings since 2022
1 hr/week
No compensation reported
Dan Malasky
Director
New on the 2024 filing
1 hr/week
No compensation reported
Mike Lovecchio
Director
New on the 2024 filing
1 hr/week
No compensation reported
Mike Milliron
Director
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (6)
- Former: Brian Scheall (2022–2023) — Treasurer
- Former: Christian Muirhead (2022–2023) — Director
- Former: John Dooley (2022–2023) — Secretary
- Former: Luke Zaientz (2022–2023) — Director
- Former: Romola Ratnam (2022–2023) — Director
- Former: Tim Pernetti (2022–2023) — Director
Data from IRS Form 990 filings, 2022–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about IMG Academy Foundation Inc
How much does IMG Academy Foundation Inc give each year?
IMG Academy Foundation Inc gave $312K across 57 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $25K across 2 grants.
What is IMG Academy Foundation Inc's typical grant size?
IMG Academy Foundation Inc's median grant in 2024 was $3,900, and its average grant was $5,467, across 57 grants on its 2024 IRS Form 990-PF.
Where does IMG Academy Foundation Inc give grants?
IMG Academy Foundation Inc gives mostly in Florida: 82% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were North Carolina (9%) and South Carolina (5%). The most frequent recipient cities were Bradenton, FL (23 grants), Sarasota, FL (4 grants), St Petersburg, FL (3 grants) and Hendersonville, NC (3 grants).
Does IMG Academy Foundation Inc give general operating support?
Not in 2024: none of the 57 grants with a stated purpose on IMG Academy Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Hurricane Relief" (47 grants) and "Donation to Help Operations" (8 grants).
Who are IMG Academy Foundation Inc's largest grantees?
IMG Academy Foundation Inc's largest 2024 grantees include Benjamin Straw ($15,000), Don Volante ($15,000) and Ethan Spence ($15,000), according to its 2024 IRS Form 990-PF. Together they received 14% of its itemized 2024 grant dollars.
How large is IMG Academy Foundation Inc?
IMG Academy Foundation Inc reported $401K in total assets on its 2024 IRS Form 990-PF. It paid out $312K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets).
What does IMG Academy Foundation Inc fund?
The Foundation’s stated vision is to improve lives in its communities by expanding access and opportunity for youth through education and personal development, and by supporting initiatives that promote equity and a positive sports experience for all. See mission & focus areas ↑
How do I apply for a grant from IMG Academy Foundation Inc?
The Foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is IMG Academy Foundation Inc's EIN?
IMG Academy Foundation Inc's EIN (Employer Identification Number) is 88-3778491. IRS Form 990 filing data is available on this page for 2022–2024.
Does IMG Academy Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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Cite this profile
Grantable. (2026). IMG Academy Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/img-academy-foundation-inc-morg_cab50afa852949ceaf656a16167929aa
BibTeX
@misc{grantable_883778491_2026,
author = {{Grantable}},
title = {{IMG Academy Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/img-academy-foundation-inc-morg_cab50afa852949ceaf656a16167929aa},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from IMG Academy Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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