Mahan Alfred Pfdn

BROOKLYN, OH EIN: 34-7034403

Mahan Alfred Pfdn is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.5M in total assets. In 2024, it awarded 6 grants totaling $248K. Net investment income was $168K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.5M

-3.1% YoY

Annual Giving

$248K

+3.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$41K

+3.0% YoY

Under IRS private-foundation payout rules, Mahan Alfred Pfdn reported a distributable amount of $273K for 2024 — the minimum it must pay out in qualifying distributions.

About Mahan Alfred Pfdn

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $1.2M (94%)

District of Columbia $69K (6%)

States

District of Columbia Ohio

Cities

ConcordHiramPainesvilleRavennaWashingtonWilloughby

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,489,079	$3,601,747	$3,588,547
Revenue	$211,558	$257,028	$273,610
Expenses	$324,704	$313,650	$352,971
Qualifying Distributions	$273,872	$263,951	$301,144
Net Investment Income	$168,440	$211,450	$228,033
Distributable Amount	$272,540	$238,672	$240,170

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

30 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Hiram College ($62,067), Lake County Young Mens ($62,067), First Presbyterian Church ($49,654).

Recipient	Purpose	Amount
HIRAM COLLEGE HIRAM, OH	SCHOLARSHIP	$62,067
LAKE COUNTY YOUNG MENS PAINESVILLE, OH	GENERAL OPERATING	$62,067
FINE ARTS ASSOCIATION WILLOUGHBY WILLOUGHBY, OH	GENERAL OPERATING	$24,827
CHARLESTOWN UNITED METHODIST RAVENNA, OH	GENERAL OPERATING	$24,827
FIRST PRESBYTERIAN CHURCH WILLOUGHBY, OH	GENERAL OPERATING	$49,654
LAKE HOSPITAL FOUNDATION CONCORD, OH	GENERAL OPERATING	$24,827

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KEYBANK N A	TRUSTEE	1	$52,972

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Mahan Alfred Pfdn?

Mahan Alfred Pfdn is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, OH. It holds $3.5M in total assets as of 2024.

How large is Mahan Alfred Pfdn?

As of 2024, Mahan Alfred Pfdn holds $3.5M in total assets with $212K in annual revenue. It awarded 6 grants totaling $248K in 2024.

Where does Mahan Alfred Pfdn operate?

Mahan Alfred Pfdn has awarded grants in District of Columbia, Ohio.

What size grants does Mahan Alfred Pfdn award?

In 2024, Mahan Alfred Pfdn awarded 6 grants totaling $248K — an average of about $41K per grant, based on its IRS Form 990 filings.

How much is Mahan Alfred Pfdn required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mahan Alfred Pfdn reported a distributable amount of $273K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.