Mg O'neil Foundation
The MG O'Neil Foundation is a private foundation based in Akron, Ohio, established in 1953 and designated as a 501(c)(3) tax-exempt organization since December 1954. The foundation operates as a family foundation with a focus on philanthropic giving across multiple states and communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.2M
-2.4% YoY
Annual Giving
$1.2M
+7.7% YoY
Grant Count
121
-1.6% YoY
Avg Grant Size
$10K
+9.4% YoY
Under IRS private-foundation payout rules, Mg O'neil Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's giving primarily supports Roman Catholic organizations, community funds, and social service agencies. Its funding interests span education, human services, philanthropy, and voluntarism, with a particular emphasis on general support for its grantees.
Grantmaking
The foundation is an active grantmaker with significant annual giving activity. In 2024, it made 98 grants totaling approximately $1.196 million in giving. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation supports organizations across multiple states including Ohio, New York, Pennsylvania, California, Texas, and others. Its giving extends to major metropolitan areas as well as smaller communities throughout the United States.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $13.163 million (as of 2024)
Annual Giving: $1.196 million (2024)
Revenue & Expenses (2024):
- Total revenues: $901,813
- Total expenses: $1,232,368
- Investment income and dividends: $749,190
- Net gain from sale of non-inventory assets: $115,216
Historical Financials (2023):
- Total revenues: $1,687,829
- Total expenses: $1,150,336
- Total assets: $13.5 million
The foundation has no liabilities and operates with zero employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,163,234 | $13,493,789 | $12,956,296 |
| Revenue | $901,813 | $1,687,829 | $422,644 |
| Expenses | $1,232,368 | $1,150,336 | $1,046,432 |
| Qualifying Distributions | $1,196,000 | $1,111,000 | $1,023,000 |
| Net Investment Income | $892,914 | $1,661,098 | $564,729 |
| Distributable Amount | $1,092,803 | $991,285 | $1,008,816 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Kevin Guest House ($130,000), Ibh ($30,000), Archbishop Hoban High School Endowment Fund ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AKRON AREA YMCA AKRON, OH | GENERAL SUPPORT | $20,000 |
| AKRON ART MUSEUM AKRON, OH | GENERAL SUPPORT | $3,000 |
| AKRON CANTON REGIONAL FOODBANK AKRON, OH | GENERAL SUPPORT | $10,000 |
| AKRON CHILDREN'S MUSEUM AKRON, OH | GENERAL SUPPORT | $5,000 |
| AKRON SYMPHONY AKRON, OH | GENERAL SUPPORT | $3,000 |
| AKRON ZOO AKRON, OH | GENERAL SUPPORT | $5,000 |
| ALZHEIMER'S ASSOCIATION HUDSON, OH | GENERAL SUPPORT | $10,000 |
| AMERICAN RED CROSS WASHINGTON, DC | GENERAL SUPPORT | $13,000 |
| ARCHBISHOP HOBAN HIGH SCHOOL ENDOWMENT FUND AKRON, OH | GENERAL SUPPORT | $25,000 |
| AUTISM SPEAKS INDEPENDENCE, OH | GENERAL SUPPORT | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by a board of directors including MG O'Neil Jr. as President and Director, with other family members holding key positions. Board members serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MG O'NEIL JR | PRESIDENT & DIRECTOR | — | — |
| SHAWN O'NEIL | VICE PRESIDENT & DIRECTOR | — | — |
| DR NANCY O'CONNOR | DIRECTOR | — | — |
| SEAN O'CONNOR | DIRECTOR | — | — |
| JANETTE COOK | SECRETARY & DIRECTOR | — | — |
| JULIE O'NEIL | TREASURER & DIRECTOR | — | — |
Contact Information
Address: PO Box 5303, Akron, OH 44334-0303
Telephone: 330-650-6302
Frequently Asked Questions
What does Mg O'neil Foundation fund?
The foundation's giving primarily supports Roman Catholic organizations, community funds, and social service agencies. Its funding interests span education, human services, philanthropy, and voluntarism, with a particular emphasis on general support for its grantees.
How do I apply for a grant from Mg O'neil Foundation?
The foundation is an active grantmaker with significant annual giving activity. In 2024, it made 98 grants totaling approximately $1.196 million in giving. Recent grants include: • Kevin Guest House: $130,000 (General Support) • Regina Health Center: $15,000 (General Support) • Rosie's Theater Kids: $15,000 (General Support) • Akron Physician Wellness Initiative: $5,000 (General Support) Typical grant awards range from $2,000 to $130,000. The foundation accepts new applicants and funds approxim…
Where does Mg O'neil Foundation make grants?
The foundation supports organizations across multiple states including Ohio, New York, Pennsylvania, California, Texas, and others. Its giving extends to major metropolitan areas as well as smaller communities throughout the United States.
What size grants does Mg O'neil Foundation award?
In 2024, Mg O'neil Foundation awarded 121 grants totaling $1.2M — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Mg O'neil Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mg O'neil Foundation reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mg O'neil Foundation's EIN?
Mg O'neil Foundation's EIN (Employer Identification Number) is 34-6516968. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mg O'neil Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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