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.
M a & G a Ackerman Memorial Fund at a glance
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.
- Annual giving (2025)
- $1,366,539
- +11.8% vs 2024
- Grants made (2025)
- 33
- -5.7% vs 2024
- Average grant
- $41,410
- +18.6% vs 2024
- Median grant
- $34,539
- Total assets
- $27,515,567
- +5.2% vs 2024
- Primary geography
- New York (53% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
How to apply to M a & G a Ackerman Memorial Fund
- How to Apply
-
Submit a proposal; no formal application is required. The filing states that awards are limited to the City of Chicago and require affiliation with the Catholic or Protestant Church.
- 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
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from M a & G a Ackerman Memorial Fund
Who M a & G a Ackerman Memorial Fund funds
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%).
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 2025 grant dollars across all 33 itemized grants.
Cities
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.
Giving History
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.
Grants by year
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 |
Ready to take the next step with M a & G a Ackerman Memorial Fund?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $27,515,567 | $2,995,236 | $1,652,322 | $1,366,539 | 33 | $1,500,784 | $2,873,514 | $1,604,376 |
| 2024 | $26,164,998 | $2,796,377 | $1,489,856 | $1,222,000 | 35 | $1,346,812 | $2,656,235 | $1,487,356 |
| 2023 | $24,885,413 | $721,241 | $1,517,685 | $1,305,000 | 28 | $1,416,973 | $565,333 | $1,363,365 |
| 2022 | $25,691,599 | $-591,095 | $1,653,569 | $1,385,000 | 1 | $1,500,685 | $431,903 | $1,389,925 |
| 2021 | $27,934,380 | $5,750,643 | $1,518,886 | $1,200,000 | 1 | $1,327,353 | $5,614,531 | $1,529,079 |
| 2020 | $23,671,614 | $1,971,620 | $1,364,304 | $1,160,000 | 1 | — | $1,882,448 | $1,293,112 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
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.
The fund’s 2024 filing says it does not restrict giving to preselected organizations. It describes the submission as a proposal, with no formal application required. The filing lists Chicago as the geographic restriction and requires affiliation with the Catholic or Protestant Church. The grant program description says organizations based in New York City or Chicago are eligible for consideration; it also says general operating support is considered only for organizations with operating budgets under $1 million and that multi-year requests are considered.
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).
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). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data update history
(7)
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
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Cite this profile
Grantable. (2026). M a & G a Ackerman Memorial Fund funder profile. GrantGraph. Retrieved October 19, 2026, from https://grantable.co/funders/m-a-and-g-a-ackerman-memorial-fund-morg_64f3270ba84a4d6b926627e63a1c3c13
BibTeX
@misc{grantable_366039158_2026,
author = {{Grantable}},
title = {{M a \& G a Ackerman Memorial Fund funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/m-a-and-g-a-ackerman-memorial-fund-morg_64f3270ba84a4d6b926627e63a1c3c13},
note = {Accessed 2026-10-19. 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 M a & G a Ackerman Memorial Fund'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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