Margaret R Binz Foundation Inc

MELBOURNE, FL EIN: 59-1367134

Margaret R Binz Foundation Inc is a private grantmaking foundation established in 1981 and based in Melbourne, Florida. The foundation operates as a non-operating foundation focused on charitable giving within Florida.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.4M

+4.7% YoY

Annual Giving

$154K

+50.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$5K

+50.5% YoY

Under IRS private-foundation payout rules, Margaret R Binz Foundation Inc reported a distributable amount of $116K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's stated purpose is giving for underprivileged children and the prevention of cruelty to animals. The foundation does not maintain a formal mission statement on public profiles.

Grantmaking

The foundation operates on an invite-only basis and does not accept unsolicited applications. The foundation typically selects grantees rather than accepting proposals from the general public.

Grant Range

$5,000–$7,500

Average Grant

$7,000

How to Apply

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Geographic Focus

Where this funder awards grants

Grantmaking is concentrated exclusively in Florida, with funding distributed to organizations in cities including Melbourne, Indiatlantic, Orlando, Rockledge, Cocoa, Palm Bay, Malabar, Merritt Island, and Palm Shores.

Grant Distribution by State

Florida $889K (100%)

States

Florida

Cities

CocoaFellsmereIndialanticIndiatlanticMalabarMelbourneMerritt IslandOrlandoPalm BayPalm ShoresRockledgeTarpon SpringsVieraWest Melbourne

Financial History

Multi-year comparison from IRS filings

Assets & Revenue (2024):

Total assets: $2.4 million
Annual income: $773,000
Total giving: $153,500–$154,000
Annual expenses: approximately $238,620

Asset Growth: Assets have grown 2.6% from the previous year.

Giving Rate: The foundation distributes approximately 6.5% of assets annually.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,375,729	$2,268,795	$2,185,784
Revenue	$234,369	$173,576	$103,600
Expenses	$179,310	$135,428	$238,620
Qualifying Distributions	$162,521	$118,780	$220,795
Net Investment Income	$217,580	$156,928	$85,775
Distributable Amount	$115,673	$108,836	$119,051

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

147 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Children's Hunger Project ($15,000), Love Inc of Brevard ($10,000), Brevard County Legal Aide ($7,500).

Recipient	Purpose	Amount
AMIKIDS SPACE COAST MELBOURNE, FL	HELP CHILDREN BREAK THE CYCLE OF POV	$2,500
BOY SCOUT TROOP 380 INDIALANTIC, FL	HELP KIDS BUILD CHARACTER	$2,500
BOYS AND GIRLS CLUB OF CENTRAL FL ORLANDO, FL	PREPARE KIDS FOR LIFE THROUGH MENTOR	$2,500
BREVARD ACHIEVEMENT CENTER ROCKLEDGE, FL	TO HELP PROVIDE EMPLOYMENT ASSISTANC	$4,000
BREVARD COUNTY LEGAL AIDE ROCKLEDGE, FL	TO HELP INDIGENT INDIVIDUALS GET ACC	$7,500
BREVARD HUMANE SOCIETY COCOA, FL	TO EDUCATE THE COMMUNITY ON THE HUMA	$5,000
CANDLELIGHTERS OF BREVARD INC INDIALANTIC, FL	TO OFFER SUPPORT TO FAMILIES WHO HAV	$5,000
CHILDRENS HOME SOCIETY OF FLORIDA COCOA, FL	TO PROMOTE ADOPTION AND FOSTER CARE	$5,000
CHILDREN'S HUNGER PROJECT COCOA, FL	TO PROVIDE FOOD TO LOW-INCOME CHILDR	$15,000
COMPANION ANIMAL CARE OF MELBOURNE, FL	CARE AND PLACEMENT OF FOSTER PETS	$1,000

Leadership & Key People

Leadership team and compensation from IRS filings

Board Members and Officers:

Helen Carnegie, President
Jack Platt, Secretary/Treasurer and Director
Joshua Behl, Director
David Shapiro, Director
Jeffery Locke, Director

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOSHUA BEHL	DIRECTOR	0.19	—
JACK PLATT	SEC, TREAS,	0.67	$3,500
DAVID SHAPIRO	DIRECTOR	0.19	—
JEFFERY LOCKE	DIRECTOR	0.19	—
HELEN CARNEGIE	PRESIDENT	0.19	—

Frequently Asked Questions

What does Margaret R Binz Foundation Inc fund?

The foundation's stated purpose is giving for underprivileged children and the prevention of cruelty to animals. The foundation does not maintain a formal mission statement on public profiles.

How do I apply for a grant from Margaret R Binz Foundation Inc?

**Grant Activity:** • Annual giving: approximately $153,500–$221,000 (varies by fiscal year) • Number of grants: 30–32 grants annually • Median grant size: $5,000–$7,500 • Grant range: $1,000–$24,000 • Average grant: $7,000 **Application Process:** The foundation operates on an invite-only basis and does not accept unsolicited applications. The foundation typically selects grantees rather than accepting proposals from the general public. **Recent Grant Example:** The foundation has supported li…

Where does Margaret R Binz Foundation Inc make grants?

What size grants does Margaret R Binz Foundation Inc award?

In 2024, Margaret R Binz Foundation Inc awarded 32 grants totaling $154K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Margaret R Binz Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Margaret R Binz Foundation Inc reported a distributable amount of $116K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Margaret R Binz Foundation Inc's EIN?

Margaret R Binz Foundation Inc's EIN (Employer Identification Number) is 59-1367134. IRS Form 990 filing data is available on this page for 2020–2024.