Mahaffey Family Foundation
Mahaffey Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ST PETERSBURG, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $546K in total assets. In 2024, it awarded 6 grants totaling $80K. Net investment income was $58K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$546K
-4.1% YoY
Annual Giving
$80K
+0.0% YoY
Grant Count
6
-14.3% YoY
Avg Grant Size
$13K
+16.7% YoY
Under IRS private-foundation payout rules, Mahaffey Family Foundation reported a distributable amount of $35K for 2024 — the minimum it must pay out in qualifying distributions.
About Mahaffey Family Foundation
Based on IRS filings
Mahaffey Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ST PETERSBURG, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $546K in total assets. In 2024, it awarded 6 grants totaling $80K. Net investment income was $58K.
Focus Areas
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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 | $546,276 | $569,854 | $626,843 |
| Revenue | $62,306 | $27,420 | $42,535 |
| Expenses | $85,884 | $84,536 | $94,743 |
| Qualifying Distributions | $80,800 | $80,000 | $90,000 |
| Net Investment Income | $58,422 | $27,420 | $42,535 |
| Distributable Amount | $34,791 | $37,357 | $38,265 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Community Foundation Tampa Bay ($20,000), Lutheran Church of the Cross Day School ($20,000), Sisters of Providence ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Clothes to Kids Clearwater, FL | General operating support | $10,000 |
| Community Foundation Tampa Bay Tampa, FL | General operating support | $20,000 |
| Lutheran Church of the Cross Day School St Petersburg, FL | General operating support | $20,000 |
| Sisters of Providence Saint MaryoftheWood, IN | Support of the grotto refurbishing project | $15,000 |
| St Petersburg Free Clinic St Petersburg, FL | General operating support | $7,500 |
| St Thomas Episcopal Church St Petersburg, FL | Support of relief efforts following hurricanes Helene and Milton | $7,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mark T Mahaffey | CEO | 0.5 | — |
| Hancock Whitney Bank | Trustee | 4 | $3,056 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mahaffey Family Foundation?
Mahaffey Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ST PETERSBURG, FL. It holds $546K in total assets as of 2024.
How large is Mahaffey Family Foundation?
As of 2024, Mahaffey Family Foundation holds $546K in total assets with $62K in annual revenue. It awarded 6 grants totaling $80K in 2024.
Where does Mahaffey Family Foundation operate?
Mahaffey Family Foundation has awarded grants in Florida, Indiana.
What size grants does Mahaffey Family Foundation award?
In 2024, Mahaffey Family Foundation awarded 6 grants totaling $80K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Mahaffey Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mahaffey Family Foundation reported a distributable amount of $35K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mahaffey Family Foundation's EIN?
Mahaffey Family Foundation's EIN (Employer Identification Number) is 59-7261732. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mahaffey Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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