Mag Family Foundation Inc
Mag Family Foundation Inc is a private foundation based in Greenville, South Carolina. Its 2025 filing reports 22 grants totaling $164,500, supporting charitable organizations including groups focused on religious, health, community, and educational purposes.
Mag Family Foundation Inc at a glance
In short: Mag Family Foundation Inc gave $165K across 22 grants in 2025 (avg $7K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $164,500
- Grants made (2025)
- 22
- Average grant
- $7,477
- Median grant
- $5,000
- Total assets
- $2,618,439
- +2.2% vs 2024
- Primary geography
- North Carolina (94% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Mag Family Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 103 Norman Place, Greenville, SC 29615
Phone: (828) 274-1542
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Mag Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Asheville-Buncombe Community Christian Minitristy Inc (Abccm) ($40K). Together the top 10 received $145K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 22 grants of 22 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 94% of grant dollars went to recipients in North Carolina, 5% to South Carolina, and 1% to Georgia. The filing also lists Tennessee and Florida at 0%.
Grant Distribution by State
Share of 2025 grant dollars across all 22 itemized grants.
Cities
How Mag Family Foundation Inc gives
- In 2025 it paid out 79% 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
In 2025 it made 22 grants totaling $165K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Asheville-Buncombe Community Christian Minitristy Inc (Abccm) Arden, NC | Religious | $40,000 |
| Carolina Resource Center for Eating Disorders Asheville, NC | HEALTH | $30,000 |
| Helpmate Asheville Asheville, NC | Community | $25,000 |
| High Point University Presidents Leadership Cabinet High Point, NC | Educational | $10,000 |
| All Souls Counseling Center Asheville, NC | Community | $10,000 |
| Asheville City School Foundation Asheville, NC | Educational | $9,000 |
| Brookwood Church Simpsonville, SC | Religious | $5,500 |
| Kiwanis Club of Asheville Asheville, NC | Community | $5,000 |
| Our Voice Asheville, NC | Community | $5,000 |
| Regroup Carolinas Charlottle, NC | Education | $5,000 |
Ready to take the next step with Mag Family Foundation Inc?
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 | $2,618,439 | $260,357 | $190,506 | $164,500 | 22 | $164,500 | $76,896 | $207,161 |
| 2024 | $2,561,346 | $552,216 | $25,151 | — | — | $455 | $410,646 | $168,661 |
| 2023 | $3,509 | $10,016 | $6,507 | — | — | $4,867 | — | $149 |
Under IRS private-foundation payout rules, Mag Family Foundation Inc reported a distributable amount of $207K 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
No mission statement for the foundation is provided. Its 2025 grants included support for organizations whose work spans several areas. All Souls Counseling Center describes its mission as providing mental health counseling, outreach, and education, with a focus on underinsured and uninsured people in Western North Carolina. Our Voice Inc says it works to end sexual violence and human trafficking through education, counseling, and advocacy. Asheville Humane Society says it works to build a supportive community that positively impacts pets and people.
Other 2025 recipients include Black Mountain Home for Children, which says it cares for children, youth, and families, and Isaiah 117 House, which says it provides support for children awaiting foster-care placement. These are the grantees’ descriptions of their own missions.
Grantmaking
In 2025, the foundation made 22 grants totaling $164,500. Grant amounts ranged from $500 to $40,000, with a median of $5,000. Notable grants included $40,000 to Asheville-Buncombe Community Christian Ministry Inc. (ABCCM), $30,000 to Carolina Resource Center for Eating Disorders, $25,000 to Helpmate Asheville, and $10,000 each to High Point University Presidents Leadership Cabinet and All Souls Counseling Center.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Karen Goodman as director, Hadley G Cropp as vice-president, and Louisa G Davis as president.
Mag Family Foundation Inc is led by Louisa G. Davis, President since 2024 (on filings since 2023); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Louisa G. Davis
President
Treasurer → President, 2024
On filings since 2023
No compensation reported
Karen Goodman
Director
Vice President → Director, 2024
On filings since 2023
No compensation reported
Hadley G. Cropp
Vice President
Secretary → Vice President, 2024
On filings since 2023
No compensation reported
Former officers (1)
- Former: Michael Goodman (2023–2024) — President
Data from IRS Form 990 filings, 2023–2025. "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 Mag Family Foundation Inc
How much does Mag Family Foundation Inc give each year?
Mag Family Foundation Inc gave $165K across 22 grants in 2025, according to its 2025 IRS Form 990-PF.
What is Mag Family Foundation Inc's typical grant size?
Mag Family Foundation Inc's median grant in 2025 was $5,000, and its average grant was $7,477, across 22 grants on its 2025 IRS Form 990-PF.
Where does Mag Family Foundation Inc give grants?
Mag Family Foundation Inc gives mostly in North Carolina: 94% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was South Carolina (5%). The most frequent recipient cities were Asheville, NC (10 grants) and Charlottle, NC (2 grants).
Does Mag Family Foundation Inc give general operating support?
Not in 2025: none of the 22 grants with a stated purpose on Mag Family Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Community" (7 grants), "Religious" (6 grants) and "Educational" (5 grants).
Who are Mag Family Foundation Inc's largest grantees?
Mag Family Foundation Inc's largest 2025 grantees include Asheville-Buncombe Community Christian Minitristy Inc (Abccm) ($40,000), Carolina Resource Center for Eating Disorders ($30,000) and Helpmate Asheville ($25,000), according to its 2025 IRS Form 990-PF. Together they received 58% of its itemized 2025 grant dollars.
How large is Mag Family Foundation Inc?
Mag Family Foundation Inc reported $2.6M in total assets on its 2025 IRS Form 990-PF. It paid out $165K in qualifying distributions that year, against a required minimum of $207K (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 Mag Family Foundation Inc fund?
No mission statement for the foundation is provided. Its 2025 grants included support for organizations whose work spans several areas. See mission & focus areas ↑
How do I apply for a grant from Mag Family Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Mag Family Foundation Inc's EIN?
Mag Family Foundation Inc's EIN (Employer Identification Number) is 92-1628639. IRS Form 990 filing data is available on this page for 2023–2025.
Does Mag Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2023 (received by the IRS November 4, 2025)
- Added Form 990-PF for fiscal year 2024 (received by the IRS November 4, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
Other open foundation grants in South Carolina
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Cite this profile
Grantable. (2026). Mag Family Foundation Inc funder profile. GrantGraph. Retrieved October 19, 2026, from https://grantable.co/funders/mag-family-foundation-inc-morg_c1b6275a05574cd69774c1d06b70138b
BibTeX
@misc{grantable_921628639_2026,
author = {{Grantable}},
title = {{Mag Family Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/mag-family-foundation-inc-morg_c1b6275a05574cd69774c1d06b70138b},
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 Mag Family Foundation Inc'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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