M a & G a Ackerman Memorial Fund
M A & G A Ackerman Memorial Fund is a private foundation based in Dallas, Texas. Established under the will of Mrs. Mary A. Ackermann in 1937, it supports quality health care and human services programming for underserved populations.
Key facts about M a & G a Ackerman Memorial Fund
In short: M a & G a Ackerman Memorial Fund gave $1.4M across 33 grants in 2025 (avg $41K), mostly in New York. Source: 2025 IRS Form 990-PF.
- EIN
- 36-6039158
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $1,366,539
- Grants made (2025)
- 33
- Average grant
- $41,410
- Median grant
- $34,539
- Total assets
- $27,515,567
- Primary geography
- New York (53% of itemized 2025 grant dollars)
- How to apply
- Submit a proposal; no formal application is required. Full details ↓
- Deadline
- N/A
Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$27.5M
+5.2% YoY
Annual Giving
$1.4M
+11.8% YoY
Grant Count
33
-5.7% YoY
Avg Grant Size
$41K
+18.6% YoY
Under IRS private-foundation payout rules, M a & G a Ackerman Memorial Fund reported a distributable amount of $1.6M for 2025 — the minimum it must pay out in qualifying distributions.
How M a & G a Ackerman Memorial Fund gives
- 76% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−1%). Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The fund’s stated purpose is to support quality health care and human services programming for underserved populations. Its grantmaking supports charitable organizations associated with the Roman Catholic and Protestant churches, particularly hospitals.
Examples of supported organizations describe their work in their own terms. Good Shepherd Services says it works in underinvested New York City communities to expand opportunities through youth and family development. Lutheran Social Services of Illinois says it seeks to bring healing, justice, and wholeness to people through service and advocacy. Lawndale Christian Health Center says it promotes wellness and provides quality, affordable health care in Chicago’s Lawndale and neighboring communities.
Grantmaking
In 2025, the fund reported 33 grants totaling $1,366,539. Grants ranged from $15,000 to $100,000, with a median grant of $34,539. Examples include $100,000 each to St John Episcopal Hospital, Cathedral Church of St John the Divine, and Good Shepherd Services; $90,000 to Lutheran Social Services of Illinois; and $70,000 to Bishop Anderson Foundation. The listed purposes for these grants were unrestricted general support.
Review Cycle
N/A
Open Grants
1 open opportunity from M a & G a Ackerman Memorial Fund
Ready to take the next step with M a & G a Ackerman Memorial Fund?
Geographic Focus
Where this funder awards grants
The 2025 grant dollars went to recipients in New York (53%), Illinois (45%), and Colorado (2%). The fund’s grant program description identifies organizations based in New York City or Chicago as eligible for consideration, while its 2024 filing states a restriction to the City of Chicago.
Grant Distribution by State
Share of all 33 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $1.2M (2020) to $1.4M (2022). In 2025 it made 33 grants totaling $1.4M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was St John Episcopal Hospital ($100K). Together the top 10 received $715K.
Grant Size Distribution
98 grants across all recorded years
The most common grant size was under $50K: 69 grants of 98 (70%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St John Episcopal Hospital Far Rockaway, NY | Unrestricted General | $100,000 |
| Cathedral Church of St John the Divine New York, NY | Unrestricted General | $100,000 |
| Good Shepherd Services New York, NY | Unrestricted General | $100,000 |
| Lutheran Social Services of Illinois Des Plaines, IL | Unrestricted General | $90,000 |
| Bishop Anderson Foundation Chicago, IL | Unrestricted General | $70,000 |
| New York Foundling Hospital New York, NY | Unrestricted General | $60,000 |
| Ascension Illinois Alexian Bros Elk Grove Village, IL | Unrestricted General | $50,000 |
| St Francis Hospital Foundation Roslyn, NY | Unrestricted General | $50,000 |
| Cabrini Immigrant Services NYC New York, NY | Unrestricted General | $50,000 |
| Catholic Charities New York, NY | Unrestricted General | $45,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grant total | Number of grants |
|---|---|---|
| 2025 | $1,366,539 | 33 |
| 2024 | $1,222,000 | 35 |
| 2023 | $1,305,000 | 28 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $27,515,567 | $26,164,998 | $24,885,413 |
| Revenue | $2,995,236 | $2,796,377 | $721,241 |
| Expenses | $1,652,322 | $1,489,856 | $1,517,685 |
| Qualifying Distributions | $1,500,784 | $1,346,812 | $1,416,973 |
| Net Investment Income | $2,873,514 | $2,656,235 | $565,333 |
| Distributable Amount | $1,604,376 | $1,487,356 | $1,363,365 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 20, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 22, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 10, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Bank of America as trustee.
M a & G a Ackerman Memorial Fund's only listed officer is Bank Of America, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2021
1 hr/week
$113K (2021) → $126K (2025)
Former officers (1)
- Former: Bank Of America N A (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $126K, to Bank of America (Trustee).
Contact
Application contact: George Thorn Bank Of America
Mailing address: 231 S Lasalle Street Il1-231-13-3, Chicago, IL 60604
Phone: (312) 828-6763
Frequently asked questions about M a & G a Ackerman Memorial Fund
How much does M a & G a Ackerman Memorial Fund give each year?
M a & G a Ackerman Memorial Fund gave $1.4M across 33 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.2M across 35 grants.
What is M a & G a Ackerman Memorial Fund's typical grant size?
M a & G a Ackerman Memorial Fund's median grant in 2025 was $34,539, and its average grant was $41,410, across 33 grants on its 2025 IRS Form 990-PF.
Where does M a & G a Ackerman Memorial Fund give grants?
M a & G a Ackerman Memorial Fund gives mostly in New York: 53% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Illinois (45%). The most frequent recipient cities were Chicago, IL (15 grants) and New York, NY (11 grants).
Does M a & G a Ackerman Memorial Fund give general operating support?
Yes: 100% of M a & G a Ackerman Memorial Fund's 2025 grants with a stated purpose (33 of 33) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are M a & G a Ackerman Memorial Fund's largest grantees?
M a & G a Ackerman Memorial Fund's largest 2025 grantees include St John Episcopal Hospital ($100,000), Cathedral Church of St John the Divine ($100,000) and Good Shepherd Services ($100,000), according to its 2025 IRS Form 990-PF. Together they received 22% of its itemized 2025 grant dollars.
How large is M a & G a Ackerman Memorial Fund?
M a & G a Ackerman Memorial Fund reported $27.5M in total assets on its 2025 IRS Form 990-PF. It paid out $1.5M in qualifying distributions that year, against a required minimum of $1.6M (roughly 5% of its investment assets).
What does M a & G a Ackerman Memorial Fund fund?
The fund’s stated purpose is to support quality health care and human services programming for underserved populations. Its grantmaking supports charitable organizations associated with the Roman Catholic and Protestant churches, particularly hospitals. See mission & focus areas ↑
How do I apply for a grant from M a & G a Ackerman Memorial Fund?
Submit a proposal; no formal application is required. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is M a & G a Ackerman Memorial Fund's EIN?
M a & G a Ackerman Memorial Fund's EIN (Employer Identification Number) is 36-6039158. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching M a & G a Ackerman Memorial Fund by hand.
Explore Open Grants
Browse active grant opportunities in M a & G a Ackerman Memorial Fund's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Chicago Community Trust
Chicago, IL
The Chicago Community Trust funds nonprofits addressing economic mobility, wealth gaps, and urgent community needs, with priorities including homeownership, small businesses, education, quality jobs, and investment in underinvested communities. Its 2025 itemized grants had a median of $26,500, though awards vary widely; grants generally benefit Chicago-region residents, and the Trust directs applicants to open opportunities but does not state whether it accepts unsolicited requests.
Assets
$7.1B
Grants
4,316
Total Given
$1.2B
Polk Bros Foundation Inc
Chicago, IL
Polk Bros Foundation funds community-driven Chicago nonprofits working to close the life expectancy gap, build community wealth, and foster participatory, multiracial democracy. Recent grants ranged from $100 to $250,000, with a median of $25,000. It does not accept unsolicited requests during its transition period, which ends in fall 2026; it currently offers targeted RFPs.
Assets
$334.3M
Grants
568
Total Given
$19.3M
Helen V Brach Foundation
Chicago, IL
The Helen V Brach Foundation funds education, animal and child welfare, and charitable, literary, arts, religious, and scientific purposes; its 2025 filings report 553 grants totaling about $5.9 million, but no typical award size is given. Recent filings show grants went to Illinois, including Chicago. It accepts requests from organizations not preselected for funding; an application form is available upon request, and applicants must be 501(c)(3) organizations.
Assets
$128.9M
Grants
1
Total Given
$6.8M
George M Eisenberg Foundation
Arlington Heights, IL
The George M Eisenberg Foundation funds social assistance, including health care, rehabilitation, disability services, and youth programs, with most 2024 grant dollars going to Illinois and the rest to Minnesota. Its 2024 grants ranged from $1,000 to $1,275,000, with a median of $5,000. It accepts requests from 501(c)(3) organizations by letter, due April 30 for consideration the following year.
Assets
$39.8M
Grants
150
Total Given
$4.0M
The a Montgomery Ward Foundation
Dallas, TX
The A Montgomery Ward Foundation supports charitable institutions providing educational and cultural programming, including scholarships, museum programs, accessibility, and community services, mainly in Chicago and surrounding communities. Its 2025 grants ranged from $5,000 to $62,500, with a median of $10,000. It accepts applications from public charities through its grant application website, with deadlines of April 15 and October 15.
Assets
$14.6M
Grants
56
Total Given
$683K
Enterprise Holdings Foundation
Saint Louis, MO
Enterprise Holdings Foundation supports nonprofits in health, education, arts, disaster relief, reforestation, hunger relief, and community equity, with an emphasis on organizations actively supported by Enterprise employees and their families. Its reported grants range widely: 2024 giving averaged about $7,700 across 9,499 grants, while the foundation also offers awards of up to $40,000; it supports communities where Enterprise operates worldwide. Unsolicited requests are accepted at any time, but eligible applications must be submitted by an Enterprise team member or their spouse or domestic partner on behalf of a nonprofit they actively support.
Assets
$594.3M
Grants
1
Total Given
$101.4M
Communities Foundation of Texas Inc
Dallas, TX
Communities Foundation of Texas funds charitable work in health, wealth, living, and learning, with much of its grantmaking supporting North Texas nonprofits; its 2025 grants had a median of $18,779, though award sizes varied widely. Nearly all opportunities are by invitation, and its Nonprofit Gateway profile is not a grant application.
Assets
$1.2B
Grants
2,209
Total Given
$209.2M
Greater Houston Community Foundation
Houston, TX
The Foundation makes grants through donor-advised and other donor-established funds for public benefit, human services, education, and health, including initiatives addressing economic mobility and poverty in Harris County. In 2024, its median grant was $25,000; it serves Greater Houston, while grants also go to recipients elsewhere in Texas and beyond. It does not accept proposals for the upcoming High-Impact Grantmaking cycle and plans to invite selected organizations or collaboratives to apply.
Assets
$1.1B
Grants
1,724
Total Given
$232.3M
The Houston Food Bank
Houston, TX
The Houston Food Bank supports food distribution and related hunger-relief programs, including school, children’s, and senior food initiatives, through community organizations in 18 Southeast Texas counties. Its 2025 grants had a median of $33,402, though awards varied widely; the profile does not state whether it accepts unsolicited requests.
Assets
$164.4M
Grants
1,128
Total Given
$210.7M
BNSF Railway Foundation
Fort Worth, TX
The BNSF Railway Foundation supports civic, cultural, educational, health and human services, environmental, and youth programs, as well as general operating costs, in communities served by BNSF across its 28-state network. Its 2025 median grant was $2,500; its current grants program lists awards of $1,000–$10,000.
Assets
$23.0M
Grants
993
Total Given
$7.0M
More Funders in Texas
M a & G a Ackerman Memorial Fund down — hundreds of funders to go?