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.
Key facts about Marion D and Maxine C Hanks Foundat
- EIN
- 87-0503758
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $122,300
- Grants made (2024)
- 33
- Average grant
- $3,706
- Median grant
- $5,000
- Total assets
- $1,527,936
- Primary geography
- Utah (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Marion D and Maxine C Hanks Foundat funds
By grant dollars, the top recipient states for Marion D and Maxine C Hanks Foundat's 33 itemized 2024 grants were Utah (100%). The most frequent recipient cities were Salt Lake City, UT (33 grants). 3% of grants with a stated purpose were for general or operating support. Recurring purposes include "Charitable Need" (13 grants).
How Marion D and Maxine C Hanks Foundat gives
- 9% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out 111% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Marion D and Maxine C Hanks Foundat
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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
Share of all 33 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
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 recipients 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 |
| Lori Compton Salt Lake City, UT | Charitable Need | $5,000 |
| Papua New Guinea Salt Lake City, UT | Charitable Need | $5,000 |
| Sheilla Ashworth Salt Lake City, UT | Charitable Need | $5,000 |
| Karen Maese Salt Lake City, UT | Charitable Need | $5,000 |
| Karen Hoglund Salt Lake City, UT | Charitable Need | $5,000 |
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 |
|---|---|---|---|
| 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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Data last updated September 2026. Sourced from IRS Form 990-PF filings.