Maxcy Foundation Inc

Private foundation · Grantmaker Lake Wales, FL EIN: 59-6137284

Maxcy Foundation Inc is a private foundation, based in Lake Wales, FL. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $940K in total assets. In 2026, it awarded 5 grants totaling $61K. Net investment income was $37K.

Key facts about Maxcy Foundation Inc

In short: Maxcy Foundation Inc gave $61K across 5 grants in 2026 (avg $12K), mostly in Florida. Source: 2026 IRS Form 990-PF.

EIN
59-6137284
Latest 990 filing
Form 990-PF, 2026
Annual giving (2026)
$60,822
Grants made (2026)
5
Average grant
$12,164
Median grant
$5,522
Total assets
$940,057
Primary geography
Florida (100% of itemized 2026 grant dollars)

Data from IRS Form 990-PF, 2026; updated September 2026.

Financial Overview

From 2026 IRS Form 990-PF · View filing

Total Assets

$940K

+5.9% YoY

Annual Giving

$61K

+12.4% YoY

Grant Count

5

+66.7% YoY

Avg Grant Size

$12K

-32.6% YoY

Under IRS private-foundation payout rules, Maxcy Foundation Inc reported a distributable amount of $52K for 2026 — the minimum it must pay out in qualifying distributions.

How Maxcy Foundation Inc gives

  • Giving grew 164% from 2023 to 2026. Method
  • In 2026 it paid out 128% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2026 grant dollars across all 5 itemized grants.

Cities

FrostproofBartowClemson

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K4 grants2021 4 grants2022 1 grant2023 3 grants2024 3 grants2025 5 grants2026

From 2021 to 2026, annual grant giving ranged from $23K (2023) to $76K (2021). In 2026 it made 5 grants totaling $61K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2026

Polk Education Foundation: $40KPolk Education Foundation$40KFlorida Wildflower Studios: $12KFlorida Wildflower Studios$12KCity of Frostproof Library: $6KCity of Frostproof Library$6KFrostproof Historical Museum: $3KFrostproof Historical Museum$3KCity of Frostproof - Chamber of Com: $100City of Frostproof - Chamberof Com$100

The largest 2026 recipient was Polk Education Foundation ($40K). Together the top 5 received $61K.

Grant Size Distribution

16 grants across all recorded years

15<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 15 grants of 16 (94%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Polk Education Foundation Bartow, FLEducation$40,000
Florida Wildflower Studios Frostproof, FLEducational$12,200
City of Frostproof Library Frostproof, FLEducation$5,522
Frostproof Historical Museum Frostproof, FLEducation$3,000
City of Frostproof - Chamber of Com Frostproof, FLEducation$100

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2021 2022 2023 2024 2025 2026
Metric202620252024
Total Assets$940,057$887,294$889,478
Revenue$119,932$58,041$48,581
Expenses$66,691$59,412$38,580
Qualifying Distributions$66,691$59,412$38,580
Net Investment Income$36,971$34,383$31,609
Distributable Amount$51,921$51,204$48,501

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2026 (received by the IRS July 26, 2026)
  2. IRS filings on file for fiscal years 2021–2025

Leadership & Key People

Officers and directors from IRS filings

Maxcy Foundation Inc is led by Cynthia Wilson Henry, President on every filing since 2021; none of the 2 officers listed in 2026 report compensation.

Officers on the 2026 filing

  • Cynthia Wilson Henry

    President

    On filings since 2021

    No compensation reported

  • Terri Weeder

    Secretary & Treasurer

    On filings since 2021

    No compensation reported

Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Maxcy Foundation Inc

How much does Maxcy Foundation Inc give each year?

Maxcy Foundation Inc gave $61K across 5 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $54K across 3 grants.

What is Maxcy Foundation Inc's typical grant size?

Maxcy Foundation Inc's median grant in 2026 was $5,522, and its average grant was $12,164, across 5 grants on its 2026 IRS Form 990-PF.

Where does Maxcy Foundation Inc give grants?

Maxcy Foundation Inc gives mostly in Florida: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Frostproof, FL (4 grants).

Does Maxcy Foundation Inc give general operating support?

Not in 2026: none of the 5 grants with a stated purpose on Maxcy Foundation Inc's 2026 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (4 grants).

Who are Maxcy Foundation Inc's largest grantees?

Maxcy Foundation Inc's largest 2026 grantees include Polk Education Foundation ($40,000), Florida Wildflower Studios ($12,200) and City of Frostproof Library ($5,522), according to its 2026 IRS Form 990-PF. Together they received 95% of its itemized 2026 grant dollars.

How large is Maxcy Foundation Inc?

Maxcy Foundation Inc reported $940K in total assets on its 2026 IRS Form 990-PF. It paid out $67K in qualifying distributions that year, against a required minimum of $52K (roughly 5% of its investment assets).

What is Maxcy Foundation Inc's EIN?

Maxcy Foundation Inc's EIN (Employer Identification Number) is 59-6137284. IRS Form 990 filing data is available on this page for 2021–2026.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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