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.
MAGC Foundation at a glance
In short: MAGC Foundation gave $9K across 8 grants in 2025 (avg $1K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $8,576
- +5.2% vs 2024
- Grants made (2025)
- 8
- +0.0% vs 2024
- Average grant
- $1,072
- +5.2% vs 2024
- Median grant
- $750
- Total assets
- $80,857
- -8.6% vs 2024
- Primary geography
- Iowa (88% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who MAGC Foundation funds
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%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
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.
Giving History
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.
Grants by year
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 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $80,857 | $3,614 | $11,209 | $8,576 | 8 | $8,576 | $1,489 | $9,863 |
| 2024 | $88,452 | $23,937 | $10,486 | $8,150 | 8 | $8,150 | $21,601 | $8,597 |
| 2023 | $75,001 | $3,753 | $10,585 | $8,250 | 7 | $8,250 | $3,753 | $8,140 |
| 2022 | $81,833 | $8,134 | $10,453 | $8,150 | 8 | $8,150 | $8,134 | $8,248 |
| 2021 | $84,152 | $6,065 | $9,644 | $7,404 | 6 | $7,404 | $5,293 | $8,141 |
| 2020 | $87,731 | $9,236 | $8,869 | $6,744 | 7 | — | $8,536 | $7,404 |
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.
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.
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 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
Live grants for the work MAGC Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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