Metal Industries Foundation Inc

CLEARWATER, FL EIN: 23-7098483

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

+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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $406K (87%)

District of Columbia $40K (9%)

Iowa $20K (4%)

States

District of Columbia Florida Iowa

Cities

ApopkaBooneClearwaterDunedinGainesvilleHomosassaLargoOrlandoTallahasseeTampaWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.