Metal Industries Foundation Inc
Metal Industries Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEARWATER, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 3 grants totaling $170K. Net investment income was $223K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.8M
+1.2% YoY
Annual Giving
$170K
-2.9% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$57K
-35.2% YoY
Under IRS private-foundation payout rules, Metal Industries Foundation Inc reported a distributable amount of $180K for 2024 — the minimum it must pay out in qualifying distributions.
About Metal Industries Foundation Inc
Based on IRS filings
Metal Industries Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEARWATER, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 3 grants totaling $170K. Net investment income was $223K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,824,532 | $2,790,702 | $2,807,175 |
| Revenue | $222,726 | $207,152 | $169,366 |
| Expenses | $189,359 | $223,464 | $102,693 |
| Qualifying Distributions | $170,000 | $175,000 | $78,260 |
| Net Investment Income | $222,726 | $207,152 | $169,366 |
| Distributable Amount | $179,787 | $171,006 | $178,181 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Morton Plant Hospital ($130,000), American Red Cross ($30,000), Spca ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Morton Plant Hospital Clearwater, FL | Charitable Contribution | $130,000 |
| American Red Cross Tampa, FL | Charitable Contribution | $30,000 |
| SPCA Largo, FL | Charitable Contribution | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Pete DeSoto | Trustee | — | — |
| Jay K Poppleton | Trustee | — | — |
| Sarah Walker Guthrie | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Metal Industries Foundation Inc?
Metal Industries Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEARWATER, FL. It holds $2.8M in total assets as of 2024.
How large is Metal Industries Foundation Inc?
As of 2024, Metal Industries Foundation Inc holds $2.8M in total assets with $223K in annual revenue. It awarded 3 grants totaling $170K in 2024.
Where does Metal Industries Foundation Inc operate?
Metal Industries Foundation Inc has awarded grants in District of Columbia, Florida, Iowa.
What size grants does Metal Industries Foundation Inc award?
In 2024, Metal Industries Foundation Inc awarded 3 grants totaling $170K — an average of about $57K per grant, based on its IRS Form 990 filings.
How much is Metal Industries Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Metal Industries Foundation Inc reported a distributable amount of $180K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Metal Industries Foundation Inc's EIN?
Metal Industries Foundation Inc's EIN (Employer Identification Number) is 23-7098483. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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