MAGC Foundation
MAGC Foundation is a private foundation, based in Glenwood, IA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $81K in total assets. In 2025, it awarded 8 grants totaling $9K. Net investment income was $1K.
Key facts about MAGC Foundation
In short: MAGC Foundation gave $9K across 8 grants in 2025 (avg $1K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- EIN
- 47-0816746
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $8,576
- Grants made (2025)
- 8
- Average grant
- $1,072
- Median grant
- $750
- Total assets
- $80,857
- Primary geography
- Iowa (88% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$81K
-8.6% YoY
Annual Giving
$9K
+5.2% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$1K
+5.2% YoY
Under IRS private-foundation payout rules, MAGC Foundation reported a distributable amount of $10K for 2025 — the minimum it must pay out in qualifying distributions.
How MAGC Foundation gives
- Giving held roughly steady from 2022 to 2025 (+5%). Method
- In 2025 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.
Ready to take the next step with MAGC Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $7K (2020) to $9K (2025). In 2025 it made 8 grants totaling $9K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Glenwood Fire Dept ($3K). Together the top 8 received $9K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 37 grants of 37 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Glenwood Fire Dept Glenwood, IA | General | $2,500 |
| Algona IA Volunteer Fire Dept Algona, IA | General | $2,500 |
| Bloom Senior Center Glenwood, IA | General | $1,000 |
| Purdum Rural Fire Dept Purdum, NE | General | $750 |
| Ridgeway Fire Dept Ridgeway, IA | general | $750 |
| Iowa Public Television Johnston, IA | General | $550 |
| National Public Radio Baltimore, MD | General | $276 |
| Planned Parenthood Council Bluffs, IA | General | $250 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $80,857 | $88,452 | $75,001 |
| Revenue | $3,614 | $23,937 | $3,753 |
| Expenses | $11,209 | $10,486 | $10,585 |
| Qualifying Distributions | $8,576 | $8,150 | $8,250 |
| Net Investment Income | $1,489 | $21,601 | $3,753 |
| Distributable Amount | $9,863 | $8,597 | $8,140 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 30, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 28, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 24, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
MAGC Foundation is led by Charlotte A Skallerup, Prs, Chairman & Director on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Charlotte A Skallerup
Prs, Chairman & Director
On filings since 2020
0.3 hrs/week
No compensation reported
John G. Skallerup
Vice Chairman & Director
On filings since 2020
No compensation reported
Kathryn Skallerup Dean
Secretary, Treasurer & Director
On filings since 2020
No compensation reported
Rebecca Skallerup Gross
Director
On filings since 2020
No compensation reported
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 MAGC Foundation
How much does MAGC Foundation give each year?
MAGC Foundation gave $9K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $8K across 8 grants.
What is MAGC Foundation's typical grant size?
MAGC Foundation's median grant in 2025 was $750, and its average grant was $1,072, across 8 grants on its 2025 IRS Form 990-PF.
Where does MAGC Foundation give grants?
MAGC Foundation gives mostly in Iowa: 88% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Nebraska (9%). The most frequent recipient cities were Glenwood, IA (2 grants).
Does MAGC Foundation give general operating support?
Yes: 100% of MAGC Foundation's 2025 grants with a stated purpose (8 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are MAGC Foundation's largest grantees?
MAGC Foundation's largest 2025 grantees include Glenwood Fire Dept ($2,500), Algona IA Volunteer Fire Dept ($2,500) and Bloom Senior Center ($1,000), according to its 2025 IRS Form 990-PF. Together they received 70% of its itemized 2025 grant dollars.
How large is MAGC Foundation?
MAGC Foundation reported $81K in total assets on its 2025 IRS Form 990-PF. It paid out $9K in qualifying distributions that year, against a required minimum of $10K (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 MAGC Foundation's EIN?
MAGC Foundation's EIN (Employer Identification Number) is 47-0816746. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching MAGC Foundation by hand.
Explore Open Grants
Browse active grant opportunities in MAGC Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Gwydion Fund for Wild Nature
New York, NY
The Fund for Wild Nature supports grassroots conservation campaigns to protect North American native species, biodiversity, and wilderness, including advocacy, litigation, and public-policy work. In 2025, grants ranged from $3,000 to $100,000, with a median of $15,000. It states that it funds North American campaigns and makes grants only to preselected organizations, so it does not accept unsolicited requests.
Assets
$2.9M
Grants
21
Total Given
$543K
Brownstone Family Foundation
New York, NY
The Brownstone Family Foundation supports a range of charitable work, including libraries, child care, family services, education, community programs, public safety, and the arts, primarily in New York and Pennsylvania. Its 2025 grants ranged from $500 to $153,670, with a median grant of $3,000. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$9.8M
Grants
85
Total Given
$773K
The Brooke Brown Barzun Philanthropic
Louisville, KY
The Brooke Brown Barzun Philanthropic supports organizations in parks, arts, education, libraries, civic engagement, and community work, with most 2024 grant dollars going to Kentucky. Its 2024 grants ranged from $1,000 to $333,453, with a median of $22,500. It funds only preselected charitable organizations and does not accept unsolicited requests.
Assets
$8.3M
Grants
56
Total Given
$2.7M
Kahn Charitable Foundation
Boston, MA
The Kahn Charitable Foundation supports organizations in areas including cancer services, Jewish philanthropy, education, history, parks, and animal welfare, with most recent giving in Massachusetts and New York. In 2025, it made 20 grants ranging from $1,000 to $286,500, with a median grant of $17,500. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$11.9M
Grants
20
Total Given
$831K
Olson Family Foundation Inc
Livingston, TX
The 2025 filing describes support for religious, scientific, literary, and educational purposes, and preventing cruelty to animals or children; grants went to organizations across the United States, with a median award of $25,000. It says the foundation gives only to preselected charities and does not accept unsolicited requests; a separate website under a different foundation name describes a local grant program, so its details may not apply here.
Assets
$27.3M
Grants
73
Total Given
$2.5M
The Kristina & William Catto Foundation
Bethesda, MD
The Kristina & William Catto Foundation supports a range of charitable organizations, including those working in education, conservation, reproductive care, arts, public media, and community services. In 2024, its 33 grants ranged from $2,000 to $250,000, with a median of $15,000; most funding went to Washington, DC, followed by Maryland, Colorado, and New York. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$25.8M
Grants
33
Total Given
$899K
Malley Family Foundation
Southfield, MA
In 2023, the Malley Family Foundation gave $85,000 to 12 charitable organizations working in areas such as crisis response, basic needs, community well-being, violence services, and tree planting; grants were typically $5,000, ranging from $5,000 to $10,000. Its grants went to organizations in Massachusetts and several other states and Washington, DC. The foundation gives only to preselected organizations and does not accept unsolicited requests.
Assets
$842K
Grants
12
Total Given
$85K
The Rohan Foundation
Dallas, TX
Assets
$164K
Grants
57
Total Given
$114K
Community Fdn of Greater Des Moines F/K/a Greater Des Moines Community Fdn
Des Moines, IA
The Community Foundation of Greater Des Moines funds nonprofits through competitive grants for community impact, organizational capacity, and collaboration, with 2026 priorities including housing, transportation, health, economic opportunity, and inclusion. Giving varies widely: 2024 grants had a median of $12,889, while Capacity Building grants are capped at $7,500. Its programs serve Greater Des Moines and, through an affiliated foundation, Adair County; unsolicited requests are not addressed in the profile.
Assets
$918.7M
Grants
1,259
Total Given
$55.7M
Pella Rolscreen Foundation
Pella, IA
The Pella Rolscreen Foundation supports charitable organizations working in education and community betterment, including civic, cultural, social, and physical-environment programs in communities where Pella Corporation employees live. Large grants generally range from $10,000 to $50,000 and typically cover no more than 25% of project costs; its 2024 grants had a median of $1,029. It accepts unsolicited requests from eligible 501(c)(3) nonprofits and government entities in communities where Pella has manufacturing plants.
Assets
$22.4M
Grants
433
Total Given
$1.9M
Prairie Meadows Race Track and Casino Inc
Altoona, IA
Prairie Meadows funds arts and culture, education, economic development, human services, and youth sports and recreation through grants for projects in central Iowa and across Iowa. Its 2024 grant median was $15,000; program awards range from $100 to $1 million, depending on the grant program.
Assets
$327.6M
Grants
409
Total Given
$33.0M
Iowa Health Care Association Foundation
West Des Moines, IA
The Iowa Health Care Association Foundation funds scholarships and career-education resources for employees of member long-term-care organizations and Iowa high school students pursuing long-term-care careers. Its typical giving level varies: it awarded 287 grants totaling about $4.1 million in 2024, and the listed high school scholarship is $2,000. Its programs focus on Iowa; the profile does not state whether it accepts unsolicited requests.
Assets
$329K
Grants
287
Total Given
$4.1M
More Funders in Iowa
MAGC Foundation down — hundreds of funders to go?