MAGC Foundation

Private foundation · Grantmaker Glenwood, IA EIN: 47-0816746

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2025 grant dollars across all 8 itemized grants.

Cities

GlenwoodAlgonaBaltimoreJohnstonCouncil BluffsDes MoinesRidgewayValentineHaleyPurdum

Giving Over Time

Total grant dollars and number of grants per year

$0$2.5K$5K$7.5K$10K7 grants2020 6 grants2021 8 grants2022 7 grants2023 8 grants2024 8 grants2025

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

Glenwood Fire Dept: $3KGlenwood Fire Dept$3KAlgona IA Volunteer Fire Dept: $3KAlgona IA Volunteer Fire Dept$3KBloom Senior Center: $1KBloom Senior Center$1KPurdum Rural Fire Dept: $750Purdum Rural Fire Dept$750Ridgeway Fire Dept: $750Ridgeway Fire Dept$750Iowa Public Television: $550Iowa Public Television$550National Public Radio: $276National Public Radio$276Planned Parenthood: $250Planned Parenthood$250

The largest 2025 recipient was Glenwood Fire Dept ($3K). Together the top 8 received $9K.

Grant Size Distribution

37 grants across all recorded years

37<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 37 grants of 37 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Glenwood Fire Dept Glenwood, IAGeneral$2,500
Algona IA Volunteer Fire Dept Algona, IAGeneral$2,500
Bloom Senior Center Glenwood, IAGeneral$1,000
Purdum Rural Fire Dept Purdum, NEGeneral$750
Ridgeway Fire Dept Ridgeway, IAgeneral$750
Iowa Public Television Johnston, IAGeneral$550
National Public Radio Baltimore, MDGeneral$276
Planned Parenthood Council Bluffs, IAGeneral$250

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10K$20K$30K2020 2021 2022 2023 2024 2025
Metric202520242023
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

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS April 15, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 4, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS March 30, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS March 28, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS March 24, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
  7. 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.

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