MGN Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.4M in total assets. In 2024, it awarded 40 grants totaling $94K. Net investment income was $106K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.4M
+143.3% YoY
Annual Giving
$94K
-10.6% YoY
Grant Count
40
+5.3% YoY
Avg Grant Size
$2K
-15.1% YoY
Under IRS private-foundation payout rules, MGN Family Foundation reported a distributable amount of $129K for 2024 — the minimum it must pay out in qualifying distributions.
About MGN Family Foundation
Based on IRS filings
MGN Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.4M in total assets. In 2024, it awarded 40 grants totaling $94K. Net investment income was $106K.
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 | $3,427,112 | $1,408,342 | $1,472,434 |
| Revenue | $2,158,441 | $83,300 | $63,845 |
| Expenses | $142,171 | $147,392 | $122,654 |
| Qualifying Distributions | $117,809 | $128,220 | $101,712 |
| Net Investment Income | $106,259 | $64,716 | $44,303 |
| Distributable Amount | $129,388 | $90,041 | $95,153 |
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
209 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Himalayan Cataract Project Inc ($5,000), Phelan Mcdermid Syndrome Foundation ($5,000), Spectrum Inc ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALICE FERGUSON FOUNDATION INC ACCOKEEK, MD | Providing Healthy Meals to 5th Grade Maryland Students from Prince George's County Public Schools | $2,000 |
| ALZHEIMERS COMMUNITY CARE INC WEST PALM BEACH, FL | Specialized Alzheimer's Day Care Scholarship fund | $2,000 |
| ANGEL FLIGHT SOARS INC ATLANTA, GA | Connecting Kids To Care Program | $2,000 |
| BOULDER COMMUNITY HOUSING CORPORATION INC BOULDER, CO | Family Self-Sufficiency Program (FSS) | $1,000 |
| BOULDER EMERGENCY SQUAD BOULDER COLORADO BOULDER, CO | Emergency Rescue Services in Boulder County | $1,000 |
| BOYS AND GIRLS CLUB OF BURLINGTON INC BURLINGTON, VT | The Early Promise Program | $3,000 |
| CANEY CREEK COMMUNITY CENTER PIPPA PASSES, KY | General Support | $2,000 |
| COLORADO FRIENDSHIP LONGMONT, CO | IncrEdibles | $2,000 |
| COMMUNITY HOPE INC PARSIPPANY, NJ | Housing and Services for Homeless Veterans and their Families | $2,000 |
| COMMUNITY PARTNERSHIP FOR CHILD DEVELOPMENT COLORADO SPGS, CO | Early Childhood Education for Children of Low-Income, Enlisted Military Families | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mark Langan | Dir | 1 | — |
| Jeremy Leonard | Dir | 1 | — |
| Katherine Leonard | Dir | 1 | — |
| Mackenzie Leonard | Dir | 1 | — |
| Misty Leonard | Dir, Pres, Trustee | 1 | — |
| Robert A Nappi | Trustee | 1 | — |
| Kyle Smith | Dir | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is MGN Family Foundation?
MGN Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $3.4M in total assets as of 2024.
How large is MGN Family Foundation?
As of 2024, MGN Family Foundation holds $3.4M in total assets with $2.2M in annual revenue. It awarded 40 grants totaling $94K in 2024.
Where does MGN Family Foundation operate?
MGN Family Foundation has awarded grants in Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Kentucky, Massachusetts, Maryland, Missouri, Montana, North Carolina, New Hampshire, New Jersey, Nevada, New York, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Virginia, Vermont, Washington, Wyoming.
What size grants does MGN Family Foundation award?
In 2024, MGN Family Foundation awarded 40 grants totaling $94K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is MGN Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, MGN Family Foundation reported a distributable amount of $129K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is MGN Family Foundation's EIN?
MGN Family Foundation's EIN (Employer Identification Number) is 25-6873635. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in MGN Family 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.
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