Magnolia Foundation
Magnolia Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Waco, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $337 in total assets. In 2024, it made $2K in qualifying distributions.
Key facts about Magnolia Foundation
- EIN
- 81-3494937
- Latest 990 filing
- Form 990-PF, 2024
- Total assets
- $337
Data from IRS Form 990-PF, 2024; updated September 2026.
How Magnolia Foundation gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Magnolia Foundation
- How to evaluate Magnolia Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Magnolia Foundation with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$337
-82.5% YoY
Revenue
—
Qualifying Distributions
$2K
-97.8% YoY
Expenses
$2K
-97.5% YoY
Under IRS private-foundation payout rules, Magnolia Foundation reported a distributable amount of $23 for 2024 — the minimum it must pay out in qualifying distributions.
About Magnolia Foundation
Based on IRS filings
Magnolia Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Waco, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $337 in total assets. In 2024, it made $2K in qualifying distributions.
Focus Areas
Ready to take the next step with Magnolia Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $337 | $1,927 | $69,181 |
| Revenue | — | — | $20,494 |
| Expenses | $1,670 | $67,254 | $168,123 |
| Qualifying Distributions | $1,500 | $67,254 | $165,994 |
| Net Investment Income | — | — | — |
| Distributable Amount | $23 | $264 | $9,048 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
31 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Chip Carter Gaines | Director | 0.5 | — |
| Joanna Stevens Gaines | Director | 0.5 | — |
| Jerry Stevens | President | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Magnolia Foundation?
Magnolia Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Waco, TX. It holds $337 in total assets as of 2024.
How large is Magnolia Foundation?
As of 2024, Magnolia Foundation holds $337 in total assets.
Where does Magnolia Foundation operate?
Magnolia Foundation has awarded grants in Georgia, Idaho, Minnesota, North Carolina, New Jersey, Tennessee, Texas.
How much is Magnolia Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Magnolia Foundation reported a distributable amount of $23 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Magnolia Foundation's EIN?
Magnolia Foundation's EIN (Employer Identification Number) is 81-3494937. IRS Form 990 filing data is available on this page for 2021–2024.
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
Texas Instruments Foundation
Dallas, TX
Assets
$73.0M
Grants
4,484
Total Given
$22.6M
Waco Foundation
Waco, TX
Assets
$148.4M
Grants
81
Total Given
$3.9M
Baylor University
Waco, TX
Assets
$4.4B
Grants
97
Total Given
$8.6M
Shell USA Company Foundation
Houston, TX
Assets
$52.3M
Grants
4,650
Total Given
$16.0M
Ge Aerospace Foundation
Norwalk, CT
Assets
$22.5M
Grants
2,467
Total Given
$15.3M
Communities Foundation of Texas Inc
Dallas, TX
Assets
$1.2B
Grants
2,209
Total Given
$209.2M
Greater Houston Community Foundation
Houston, TX
Assets
$1.1B
Grants
1,724
Total Given
$232.3M
Celanese Foundation
Irving, TX
Assets
—
Grants
1,423
Total Given
$1.8M
Once Upon a Time Foundation
Fort Worth, TX
Assets
$276.7M
Grants
1,039
Total Given
$10.7M
Baker Hughes Foundation
Houston, TX
Assets
$2.2M
Grants
990
Total Given
$3.2M
BNSF Railway Foundation
Fort Worth, TX
Assets
$1.7M
Grants
920
Total Given
$6.1M
Community Foundation of North Texas (Tax
Fort Worth, TX
Assets
$544.9M
Grants
872
Total Given
$41.3M
More Funders in Texas
Data last updated September 2026. Sourced from IRS Form 990-PF filings.