MAG Mutual Foundation Inc
MAG Mutual Foundation Inc is a private foundation based in Wilmington, Delaware. Its grantmaking supports charitable organizations and initiatives related to healthcare access and diversity, including care for underserved populations, scholarships for minority medical students, and support for healthcare workers.
MAG Mutual Foundation Inc at a glance
In short: MAG Mutual Foundation Inc gave $375K across 27 grants in 2025 (avg $14K), mostly in Georgia. 40% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $375,000
- +16.8% vs 2024
- Grants made (2025)
- 27
- -6.9% vs 2024
- Average grant
- $13,889
- +25.5% vs 2024
- Median grant
- $15,000
- Total assets
- $5,346,337
- +1.3% vs 2024
- New grantees (estimate)
- 40% first-time grantees (10 of 25, 2025)
- Primary geography
- Georgia (51% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to MAG Mutual Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds. Its grant program says eligible applicants must be registered nonprofits and have a policyholder’s recommendation. The foundation states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from MAG Mutual Foundation Inc
Who MAG Mutual Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Georgia Chamber of Commercefoundation Inc ($50K). Together the top 10 received $276K.
Grant Size Distribution
121 grants across all recorded years
The most common grant size was under $50K: 119 grants of 121 (98%).
Geographic Focus
Where this funder awards grants
In 2025, Georgia received the largest share of grant dollars, at 51%, followed by Florida at 13%, New Jersey at 8%, Arizona at 7%, and North Carolina at 5%. The 2025 grants included recipients in other states as well, such as Illinois, Oregon, and an individual recipient
Grant Distribution by State
Share of 2025 grant dollars across all 27 itemized grants.
States
Cities
Is MAG Mutual Foundation Inc open to new grantees?
40%
first-time grantees, 2025
In 2025, 10 of 25 grantees (40%) were first-time recipients. First grants averaged $19K; repeat grants $12K. How we count
Medians: $15K first-time, $15K repeat.
- 48% of 2025 grantees were also funded in 2024. Method
- Giving grew 99% from 2022 to 2025. Method
- In 2025 it paid out 125% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). 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 $126K (2020) to $375K (2025). In 2025 it made 27 grants totaling $375K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Georgia Chamber of Commercefoundation Inc Atlanta, GA | General & Unrestricted | $50,000 |
| The Hospital Authority of Miller County Colquitt, GA | Funding for Electronic Assist Stryker Stretchers | $50,000 |
| Morehouse School of Medicine Inc Atlanta, GA | MSM Mag Mutual Scholarship Fund | $45,000 |
| Phoenix Childrens Hospital Foundation Phoenix, AZ | Homeless Youth Outreach (HYO) | $25,000 |
| Bergen Volunteer Medical Initiative Inc Haskensack, NJ | Supporting clinical salaries at a new BVMI free-access clinic in Northern NJ | $15,000 |
| Breastfeeding Family Friendly Communities Durham, NC | Breastfeed Durham Lactation Collaborative: Direct Care and Burnout Prevention for a Fractured System | $15,000 |
| Capital Medical Society Foundation Inc Tallahassee, FL | Capital Medical Society Foundation Physician Wellness Program | $15,000 |
| Capital Medical Society Foundation Inc Tallahassee, FL | CMS Foundation Scholarship Program for minority students | $15,000 |
| Depaul USA Inc Chicago, IL | Depaul USA Sheridan Center - Free Health Clinic & Medical Respite for the Homeless | $15,000 |
| Healthy Living Community Portland, OR | Patient Care Fund | $15,000 |
Ready to take the next step with MAG Mutual 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 | $5,346,337 | $483,130 | $413,740 | $375,000 | 27 | $407,557 | $483,130 | $327,184 |
| 2024 | $5,276,947 | $295,765 | $353,882 | $321,000 | 29 | $351,782 | $295,765 | $316,197 |
| 2023 | $5,335,064 | $1,761,765 | $168,903 | $141,063 | 22 | $167,803 | $175,006 | $212,284 |
| 2022 | $3,742,202 | $202,786 | $219,010 | $188,500 | 21 | $215,510 | $102,786 | $210,818 |
| 2021 | $3,758,426 | $196,590 | $185,277 | $153,793 | 22 | $181,081 | $194,946 | $232,745 |
| 2020 | $3,747,113 | $184,146 | $154,105 | $125,980 | 54 | — | $184,114 | $199,365 |
Under IRS private-foundation payout rules, MAG Mutual Foundation Inc reported a distributable amount of $327K 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 foundation’s grant program supports 501(c)(3) organizations working to enhance healthcare access and diversity. It identifies pro-bono medical care for underserved populations, scholarships for minority medical students, and support for healthcare workers facing challenges as examples of funded initiatives.
Grantees’ stated missions illustrate the kinds of work represented in its 2025 giving. Morehouse School of Medicine says it works to advance health equity, increase diversity in the health workforce, and address primary care needs, with an emphasis on people of color and underserved populations. Bergen Volunteer Medical Initiative describes its work as providing free, high-quality healthcare to working uninsured residents of Bergen County. Phoenix Children’s Hospital Foundation says it raises funds to support the hospital’s pediatric care mission.
Grantmaking
The foundation made 27 grants totaling $375,000 in 2025, compared with 29 grants totaling $321,000 in 2024 and 22 grants totaling $141,063 in 2023. In 2025, grants ranged from $1,000 to $50,000, with a median of $15,000. The grant program lists an award range of $0–$15,000; the 2025 filing records grants as large as $50,000.
The largest 2025 grants included $50,000 to the Georgia Chamber of Commerce Foundation for general and unrestricted purposes and $50,000 to the Hospital Authority of Miller County for electronic assist Stryker stretchers. Morehouse School of Medicine received $45,000 for its Mag Mutual Scholarship Fund, and Phoenix Children’s Hospital Foundation received $25,000 for homeless youth outreach. Other listed 2025 grants included $15,000 to Bergen Volunteer Medical Initiative to support clinical salaries at a new free-access clinic, and $15,000 to Capital Medical Society Foundation for its Physician Wellness Program and a scholarship program for minority students.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists William S Kanich as Board Member, Chairman, and President, and Kara Cleary as Secretary. Nicholas J Martowski is listed as Chief Investment Officer and Treasurer. Other listed board members are Marisa Anderson, Donna Andrews, Jay Ball, Alison Bartfield MD, Michael J Bono, Michael Grant, and Tamara Huffman.
MAG Mutual Foundation Inc is led by William S Kanich, Board Member, Chairman & President on every filing since 2024; none of the 10 officers listed in 2025 report compensation.
Officers on the 2025 filing
William S Kanich
Board Member, Chairman & President
On filings since 2024
1 hr/week
No compensation reported
Alison Bartfield MD
Board Member
On filings since 2020
1 hr/week
No compensation reported
Michael J Bono
Board Member
On filings since 2020
1 hr/week
No compensation reported
Nicholas J Martowski
Chief Investmt Officer & Treasurer
Chief Investment Officer → Chief Investmt Officer & Treasurer, 2022
On filings since 2020
1 hr/week
No compensation reported
Donna Andrews
Board Member
Executive Director & Board Member → Board Member, 2022
On filings since 2021
1 hr/week
No compensation reported
Marisa Anderson
Board Member
On filings since 2021
1 hr/week
No compensation reported
Kara Cleary
Secretary
On filings since 2022
1 hr/week
No compensation reported
Tamara Huffman
Board Member
On filings since 2022
1 hr/week
No compensation reported
Michael Grant
Board Member
On filings since 2024
1 hr/week
No compensation reported
Jay Ball
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (7)
- Former: John S Antalis (2020–2024) — Board Member, Chairman & President
- Former: Carrie Lowe (2021–2023) — Board Member
- Former: Michael J Markett (2020–2022) — Secretary
- Former: Neil S Morrell (2020–2022) — President
- Former: William F James MD (2020–2021) — Board Member
- Former: J Price Corr Jr. (2020) — Board Member
- Former: Michael E Greene (2020) — Board Member
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.
Frequently asked questions about MAG Mutual Foundation Inc
How much does MAG Mutual Foundation Inc give each year?
MAG Mutual Foundation Inc gave $375K across 27 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $321K across 29 grants.
What is MAG Mutual Foundation Inc's typical grant size?
MAG Mutual Foundation Inc's median grant in 2025 was $15,000, and its average grant was $13,889, across 27 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from MAG Mutual Foundation Inc that year got $19K on average.
Where does MAG Mutual Foundation Inc give grants?
MAG Mutual Foundation Inc gives mostly in Georgia: 51% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Florida (13%) and New Jersey (8%). The most frequent recipient cities were Tallahassee, FL (3 grants), Atlanta, GA (2 grants), Portland, OR (2 grants) and Sanford, FL (2 grants).
Does MAG Mutual Foundation Inc give general operating support?
Yes: 41% of MAG Mutual Foundation Inc's 2025 grants with a stated purpose (11 of 27) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are MAG Mutual Foundation Inc's largest grantees?
MAG Mutual Foundation Inc's largest 2025 grantees include Georgia Chamber of Commercefoundation Inc ($50,000), The Hospital Authority of Miller County ($50,000) and Morehouse School of Medicine Inc ($45,000), according to its 2025 IRS Form 990-PF. Together they received 39% of its itemized 2025 grant dollars.
How large is MAG Mutual Foundation Inc?
MAG Mutual Foundation Inc reported $5.3M in total assets on its 2025 IRS Form 990-PF. It paid out $408K in qualifying distributions that year, against a required minimum of $327K (roughly 5% of its investment assets).
What does MAG Mutual Foundation Inc fund?
The foundation’s grant program supports 501(c)(3) organizations working to enhance healthcare access and diversity. See mission & focus areas ↑
How do I apply for a grant from MAG Mutual Foundation Inc?
The foundation 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 Mutual Foundation Inc's EIN?
MAG Mutual Foundation Inc's EIN (Employer Identification Number) is 46-2947580. IRS Form 990 filing data is available on this page for 2020–2025.
Does MAG Mutual Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
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 May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 3, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 3, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in MAG Mutual Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). MAG Mutual Foundation Inc funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/mag-mutual-foundation-inc-morg_b015fd48cf01457f8e60b22a84ee1dbe
BibTeX
@misc{grantable_462947580_2026,
author = {{Grantable}},
title = {{MAG Mutual Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/mag-mutual-foundation-inc-morg_b015fd48cf01457f8e60b22a84ee1dbe},
note = {Accessed 2026-10-14. 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 Mutual 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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