Magnolia Foundation
Magnolia Foundation is a private foundation, based in Rio Grande, PR. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $375K in total assets. In 2024, it awarded 7 grants totaling $41K. Net investment income was $20K.
Magnolia Foundation at a glance
In short: Magnolia Foundation gave $41K across 7 grants in 2024 (avg $6K), mostly in Pennsylvania. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $40,801
- +0.6% vs 2023
- Grants made (2024)
- 7
- -36.4% vs 2023
- Average grant
- $5,829
- +58.0% vs 2023
- Median grant
- $1,635
- Total assets
- $375,080
- -5.6% vs 2023
- Primary geography
- Pennsylvania (74% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Magnolia Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was University of Pennsylvania ($30K). Together the top 7 received $41K.
Grant Size Distribution
53 grants across all recorded years
The most common grant size was under $50K: 53 grants of 53 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
States
Cities
How Magnolia Foundation gives
- Giving fell 23% from 2021 to 2024. Method
- In 2024 it paid out 184% of its IRS minimum distribution (the 5% rule). 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 2019 to 2024, annual grant giving ranged from $25K (2019) to $74K (2022). In 2024 it made 7 grants totaling $41K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Pennsylvania Philadelphia, PA | General Support | $30,000 |
| Fundacion Forjadores De Esperanza | General Support | $4,000 |
| Nature Conservancy Arlington, VA | General Support | $2,266 |
| Grace & Hope Ministries Baltimore, MD | General Support | $1,635 |
| Cool Effect Inc Greenbrae, CA | General Support | $1,400 |
| Hope and Deliverance Ministries Saint Augustine, FL | Thanksgiving Food Bank | $1,000 |
| JDRF International New York, NY | General Support | $500 |
Ready to take the next step with Magnolia Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $375,080 | $24,851 | $47,221 | $40,801 | 7 | $42,406 | $20,036 | $23,028 |
| 2023 | $397,450 | $19,616 | $45,082 | $40,569 | 11 | $41,572 | $16,092 | $21,419 |
| 2022 | $422,916 | $25,195 | $83,244 | $74,435 | 12 | $76,637 | $18,588 | $22,812 |
| 2021 | $480,965 | $34,055 | $56,035 | $52,825 | 9 | $53,628 | $21,370 | $25,895 |
| 2020 | $502,945 | $82,430 | $54,687 | $52,492 | 14 | — | $15,784 | $23,167 |
| 2019 | $475,024 | $500,024 | $25,000 | $25,000 | 1 | — | $24 | $243 |
Under IRS private-foundation payout rules, Magnolia Foundation reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Magnolia Foundation is led by Tom R. S. Millon, Trustee on every filing since 2019 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Tom R. S. Millon
Trustee
On filings since 2019
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Magnolia Foundation
How much does Magnolia Foundation give each year?
Magnolia Foundation gave $41K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $41K across 11 grants.
What is Magnolia Foundation's typical grant size?
Magnolia Foundation's median grant in 2024 was $1,635, and its average grant was $5,829, across 7 grants on its 2024 IRS Form 990-PF.
Where does Magnolia Foundation give grants?
Magnolia Foundation gives mostly in Pennsylvania: 74% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Virginia (6%).
Does Magnolia Foundation give general operating support?
Yes: 86% of Magnolia Foundation's 2024 grants with a stated purpose (6 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Magnolia Foundation's largest grantees?
Magnolia Foundation's largest 2024 grantees include University of Pennsylvania ($30,000), Fundacion Forjadores De Esperanza ($4,000) and Nature Conservancy ($2,266), according to its 2024 IRS Form 990-PF. Together they received 89% of its itemized 2024 grant dollars.
How large is Magnolia Foundation?
Magnolia Foundation reported $375K in total assets on its 2024 IRS Form 990-PF. It paid out $42K in qualifying distributions that year, against a required minimum of $23K (roughly 5% of its investment assets).
What is Magnolia Foundation's EIN?
Magnolia Foundation's EIN (Employer Identification Number) is 32-6567162. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS October 28, 2021)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in Magnolia Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
The Rosewood Foundation
Dallas, TX
The Rosewood Foundation supports arts, education, environmental conservation, healthcare, and poverty alleviation, primarily through program grants aimed at improving quality of life in the Dallas area. Its stated award range is $2,500–$10,000, and it funds only preselected organizations, not unsolicited requests.
Assets
$19K
Grants
3
Total Given
$6K
3CLANE Family Foundation Inc
Stockbridge, GA
The foundation’s grants support Christian education, ministries, church leadership, outreach, and outdoor activities tied to spiritual growth. In 2025, grants ranged from $600 to $82,692, with a median of $4,800, and went mainly to organizations in Tennessee, Georgia, and Florida. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$5.2M
Grants
13
Total Given
$170K
Cecil B Day Foundation Inc
Norcross, GA
The Cecil B. Day Foundation supported Christian evangelism and ministry in New England and the Atlanta, Georgia, area, giving $150 to $408,732 in 2024, with a median grant of $5,000. Its 2024 filing is marked final, suggesting it has ended or is winding down grantmaking; the filing does not state whether it accepts unsolicited requests.
Assets
—
Grants
51
Total Given
$816K
United Way Worldwide
Alexandria, VA
United Way Worldwide funds community programs focused on youth opportunity, health, financial security, education, and disaster relief, with 2024 grants made across multiple U.S. states and internationally. Its 209 reported grants ranged from $5,100 to $736,333, with a median of $22,675. It does not state whether it accepts unsolicited grant requests.
Assets
$68.0M
Grants
209
Total Given
$11.4M
Community Foundation of the Chattahoochee Valley Inc
Columbus, GA
The Foundation supports a broad range of charitable work, with a primary focus on the Chattahoochee Valley; its 2025 grants went mainly to Georgia and Florida. Grant sizes varied widely, with a median of $18,250 in 2025, and most giving is through donor-advised funds. Most donor-advised funds do not accept applications; the profile identifies a Community Impact Grant program but does not state whether unsolicited requests are accepted.
Assets
$392.3M
Grants
207
Total Given
$25.9M
More similar funders
More Funders in Puerto Rico
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Magnolia Foundation'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.
Magnolia Foundation down — hundreds of funders to go?