Mabo Foundation is a private foundation focused on Education, based in BELLINGHAM, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 3 grants totaling $378K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
Annual Giving
$378K
Grant Count
3
Avg Grant Size
$126K
Under IRS private-foundation payout rules, Mabo Foundation reported a distributable amount of $54K for 2024 — the minimum it must pay out in qualifying distributions.
About Mabo Foundation
Based on IRS filings
Mabo Foundation is a private foundation focused on Education, based in BELLINGHAM, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 3 grants totaling $378K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,138,096 | — | — |
| Revenue | $387,440 | $47,525 | $6,365 |
| Expenses | $384,670 | $1,018,463 | $13,500 |
| Qualifying Distributions | $378,000 | $47,525 | — |
| Net Investment Income | — | $10,820 | — |
| Distributable Amount | $54,330 | $53,714 | $103,500 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lighthouse Mission ($370,000), Miracle Food Network ($7,000), AOPA Foundation ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Lighthouse Mission Bellingham, WA | Food, shelter, recovery and gospel provided to displaced individuals | $370,000 |
| Miracle Food Network Ferndale, WA | Support feeding the hungry through food bank distributions | $7,000 |
| AOPA Foundation Frederick, MD | Support Pilot Safety | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GRACE BORSARI | President | 1 | — |
| LARRY MADSEN | Secretary | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mabo Foundation?
Mabo Foundation is a private foundation focused on Education, based in BELLINGHAM, WA. It holds $1.1M in total assets as of 2024.
How large is Mabo Foundation?
As of 2024, Mabo Foundation holds $1.1M in total assets with $387K in annual revenue. It awarded 3 grants totaling $378K in 2024.
Where does Mabo Foundation operate?
Mabo Foundation has awarded grants in Maryland, Pennsylvania, Virginia, Washington.
What size grants does Mabo Foundation award?
In 2024, Mabo Foundation awarded 3 grants totaling $378K — an average of about $126K per grant, based on its IRS Form 990 filings.
How much is Mabo Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mabo Foundation reported a distributable amount of $54K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mabo Foundation's EIN?
Mabo Foundation's EIN (Employer Identification Number) is 85-1493700. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mabo Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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