Marion D and Maxine C Hanks Foundat
Marion D and Maxine C Hanks Foundat is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALT LAKE CITY, UT. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 33 grants totaling $122K. Net investment income was $259K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
+8.3% YoY
Annual Giving
$122K
+209.6% YoY
Grant Count
33
+230.0% YoY
Avg Grant Size
$4K
-6.2% YoY
Under IRS private-foundation payout rules, Marion D and Maxine C Hanks Foundat reported a distributable amount of $108K for 2024 — the minimum it must pay out in qualifying distributions.
About Marion D and Maxine C Hanks Foundat
Based on IRS filings
Marion D and Maxine C Hanks Foundat is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALT LAKE CITY, UT. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 33 grants totaling $122K. Net investment income was $259K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $1,527,936 | $1,410,437 |
| Revenue | $273,111 | $104,901 |
| Expenses | $132,960 | $15,313 |
| Qualifying Distributions | $119,300 | $39,500 |
| Net Investment Income | $259,451 | $89,684 |
| Distributable Amount | $107,603 | $64,807 |
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
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hatota Tehiva ($7,000), Ouelesebougou Allince ($5,000), Cecilia Mahimana ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Hatota Tehiva Salt Lake City, UT | Charitable Need | $7,000 |
| Ouelesebougou Allince Salt Lake City, UT | Charitable Need | $5,000 |
| Cecilia Mahimana Salt Lake City, UT | Charitable Need | $5,000 |
| ELM Foundation Salt Lake City, UT | Charitable Need | $5,000 |
| Anne Rowe Salt Lake City, UT | Charitable Need | $5,000 |
| Operation Kids Salt Lake City, UT | Charitable Need | $2,000 |
| Lori Compton Salt Lake City, UT | Charitable Need | $5,000 |
| Ravben Albertson Salt Lake City, UT | Charitable Need | $2,000 |
| Papua New Guinea Salt Lake City, UT | Charitable Need | $5,000 |
| Sheilla Ashworth Salt Lake City, UT | Charitable Need | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Nancy Baird MANAGER | Manager | — | — |
| Spencer Clawson | Treasurer | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Marion D and Maxine C Hanks Foundat?
Marion D and Maxine C Hanks Foundat is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALT LAKE CITY, UT. It holds $1.5M in total assets as of 2024.
How large is Marion D and Maxine C Hanks Foundat?
As of 2024, Marion D and Maxine C Hanks Foundat holds $1.5M in total assets with $273K in annual revenue. It awarded 33 grants totaling $122K in 2024.
Where does Marion D and Maxine C Hanks Foundat operate?
Marion D and Maxine C Hanks Foundat has awarded grants in Utah.
What size grants does Marion D and Maxine C Hanks Foundat award?
In 2024, Marion D and Maxine C Hanks Foundat awarded 33 grants totaling $122K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Marion D and Maxine C Hanks Foundat required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Marion D and Maxine C Hanks Foundat reported a distributable amount of $108K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Marion D and Maxine C Hanks Foundat's EIN?
Marion D and Maxine C Hanks Foundat's EIN (Employer Identification Number) is 87-0503758. IRS Form 990 filing data is available on this page for 2023–2024.
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Browse active grant opportunities in Marion D and Maxine C Hanks Foundat'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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