Mary L George Foundation
Mary L George Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BELMONT, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $424K in total assets. In 2024, it awarded 5 grants totaling $23K. Net investment income was $31K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$424K
+10.1% YoY
Annual Giving
$23K
-11.2% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$5K
-11.2% YoY
Under IRS private-foundation payout rules, Mary L George Foundation reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.
About Mary L George Foundation
Based on IRS filings
Mary L George Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BELMONT, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $424K in total assets. In 2024, it awarded 5 grants totaling $23K. Net investment income was $31K.
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 | 2022 |
|---|---|---|---|
| Total Assets | $424,474 | $385,459 | $256,971 |
| Revenue | $63,969 | $156,663 | $59,040 |
| Expenses | $24,954 | $28,175 | $3,096 |
| Qualifying Distributions | $24,954 | $28,115 | $2,500 |
| Net Investment Income | $31,219 | $5,877 | $4,325 |
| Distributable Amount | $23,970 | $14,138 | $8,500 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Phoenix Gatlin ($5,000), Hannah Hafenecker ($5,000), Madison Yakimchick ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PHOENIX GATLIN Waterville, ME | College Scholarship | $5,000 |
| HALEY DUNN Waterville, ME | College Scholarship | $2,500 |
| HANNAH HAFENECKER Waterville, ME | College Scholarship | $5,000 |
| MADISON YAKIMCHICK Waterville, ME | College Scholarship | $5,000 |
| ABIGAIL DUDLEY Winslow, ME | College Scholarship | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL D OCONNOR | President | 4 | — |
| JAMES M OCONNOR | Vice President | 4 | — |
| JEFFREY P OCONNOR | Treasurer | 4 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mary L George Foundation?
Mary L George Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BELMONT, MA. It holds $424K in total assets as of 2024.
How large is Mary L George Foundation?
As of 2024, Mary L George Foundation holds $424K in total assets with $64K in annual revenue. It awarded 5 grants totaling $23K in 2024.
Where does Mary L George Foundation operate?
Mary L George Foundation has awarded grants in Maine.
What size grants does Mary L George Foundation award?
In 2024, Mary L George Foundation awarded 5 grants totaling $23K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Mary L George Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mary L George Foundation reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mary L George Foundation's EIN?
Mary L George Foundation's EIN (Employer Identification Number) is 86-1733798. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Mary L George 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.