Mac and Felicia Ernest Family Foundation Inc
Mac and Felicia Ernest Family Foundation Inc is a private foundation focused on Education, based in Austin, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $85K in total assets. In 2024, it awarded 1 grant totaling $4K. Net investment income was $450.
Mac and Felicia Ernest Family Foundation Inc at a glance
In short: Mac and Felicia Ernest Family Foundation Inc gave $4K across 1 grant in 2024 (avg $4K). Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,800
- -24.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $3,800
- -24.0% vs 2023
- Median grant
- $3,800
- Total assets
- $84,713
- -7.0% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Mac and Felicia Ernest Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was YGrow Ltd ($4K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Mac and Felicia Ernest Family Foundation Inc gives
- Giving fell 24% from 2021 to 2024. Method
- In 2024 it paid out 87% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2024, annual grant giving ranged from $4K (2024) to $5K (2020). In 2024 it made 1 grant totaling $4K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| YGrow Ltd | Education of Children ages 5-17 includes food security assistance clothing assistance and tutoring Government approved NGO in Sri Lanka | $3,800 |
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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 | $84,713 | $2,450 | $4,081 | $3,800 | 1 | $3,800 | $450 | $4,349 |
| 2023 | $91,082 | $1,036 | $9,144 | $5,000 | 1 | $8,900 | $1,032 | $4,485 |
| 2022 | $98,190 | $1,010 | $424 | — | — | $10,000 | $10 | $4,768 |
| 2021 | $102,606 | $159 | $5,159 | $5,000 | 1 | $5,249 | $159 | $4,712 |
| 2020 | $102,506 | $2,199 | $7,300 | $5,250 | 2 | — | $2,199 | — |
Under IRS private-foundation payout rules, Mac and Felicia Ernest Family Foundation Inc reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mac and Felicia Ernest Family Foundation Inc is led by Johaan Ernest, President since 2022 (on filings since 2020); none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Johaan Ernest
President
Vice President → President, 2022
On filings since 2020
4 hrs/week
No compensation reported
Anthony Sujan Collins
Board Member
On filings since 2020
4 hrs/week
No compensation reported
Harishini Ernest
Vice President
President → Vice President, 2022
On filings since 2020
4 hrs/week
No compensation reported
Vijay Ganju
Board Member
Board Member → Board Member at Large, 2021
Board Member at Large → Board Member, 2024
On filings since 2020
4 hrs/week
No compensation reported
Rashmini Segarajasinghe Ernest
Treasurer
On filings since 2021
4 hrs/week
No compensation reported
Michelle Jayshree Ernest Cohen
Board Member
New on the 2024 filing
4 hrs/week
No compensation reported
Rachel Joyanthi Ernest Cohen
Secretary
New on the 2024 filing
4 hrs/week
No compensation reported
Former officers (4)
- Former: A Sujan Collins (2021–2023) — Board Member at Large
- Former: Jayshree Ernest Cohen (2021–2023) — Fundraising Chair
- Former: Joyanthi Ernest Cohen (2021–2023) — Secretary
- Former: Prishanty Wilson (2020) — Board Member
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 Mac and Felicia Ernest Family Foundation Inc
How much does Mac and Felicia Ernest Family Foundation Inc give each year?
Mac and Felicia Ernest Family Foundation Inc gave $4K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5K across 1 grant.
How large is Mac and Felicia Ernest Family Foundation Inc?
Mac and Felicia Ernest Family Foundation Inc reported $85K in total assets on its 2024 IRS Form 990-PF. It paid out $4K in qualifying distributions that year, against a required minimum of $4K (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 is Mac and Felicia Ernest Family Foundation Inc?
Mac and Felicia Ernest Family Foundation Inc is a private foundation focused on Education, based in Austin, TX. It holds $85K in total assets as of 2024.
Where does Mac and Felicia Ernest Family Foundation Inc operate?
Mac and Felicia Ernest Family Foundation Inc has awarded grants in California.
What is Mac and Felicia Ernest Family Foundation Inc's EIN?
Mac and Felicia Ernest Family Foundation Inc's EIN (Employer Identification Number) is 47-2946935. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 18, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 16, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 9, 2025)
- IRS filings on file for fiscal years 2020–2024
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