Mabo Foundation
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.
Mabo Foundation at a glance
In short: Mabo Foundation gave $378K across 3 grants in 2024 (avg $126K), mostly in Washington. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $378,000
- Grants made (2024)
- 3
- Average grant
- $126,000
- Median grant
- $7,000
- Total assets
- $1,138,096
- Primary geography
- Washington (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Mabo Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Lighthouse Mission ($370K). Together the top 3 received $378K.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Mabo Foundation gives
- In 2024 it paid out 696% of 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 2022 to 2024, annual grant giving ranged from $14K (2022) to $378K (2024). In 2024 it made 3 grants totaling $378K.
Grants by year
Grant recipients and amounts by year
| 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 |
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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 | $1,138,096 | $387,440 | $384,670 | $378,000 | 3 | $378,000 | — | $54,330 |
| 2023 | — | $47,525 | $1,018,463 | — | — | $47,525 | $10,820 | $53,714 |
| 2022 | — | $6,365 | $13,500 | $13,500 | 2 | — | — | $103,500 |
| 2021 | $2,074,849 | $201 | $8,407 | — | — | — | — | — |
| 2020 | $2,083,055 | $2,100,000 | $16,945 | — | — | — | — | $102,590 |
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.
Leadership & Key People
Officers and directors from IRS filings
Mabo Foundation is led by Grace Borsari, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Grace Borsari
President
On filings since 2020
1 hr/week
No compensation reported
Larry Madsen
Secretary
Officer → Secretary, 2024
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Mabo Foundation
How much does Mabo Foundation give each year?
Mabo Foundation gave $378K across 3 grants in 2024, according to its 2024 IRS Form 990-PF.
What is Mabo Foundation's typical grant size?
Mabo Foundation's median grant in 2024 was $7,000, and its average grant was $126,000, across 3 grants on its 2024 IRS Form 990-PF.
Where does Mabo Foundation give grants?
Mabo Foundation gives mostly in Washington: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Mabo Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Mabo Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is Mabo Foundation?
Mabo Foundation reported $1.1M in total assets on its 2024 IRS Form 990-PF. It paid out $378K in qualifying distributions that year, against a required minimum of $54K (roughly 5% of its investment assets).
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.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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