Michael & Marjory Bennett
Michael & Marjory Bennett is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SIOUX CITY, IA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $413K in total assets. In 2024, it awarded 11 grants totaling $269K. Net investment income was $137K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$413K
+115.5% YoY
Annual Giving
$269K
+4.4% YoY
Grant Count
11
+10.0% YoY
Avg Grant Size
$24K
-5.1% YoY
Under IRS private-foundation payout rules, Michael & Marjory Bennett reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
About Michael & Marjory Bennett
Based on IRS filings
Michael & Marjory Bennett is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SIOUX CITY, IA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $413K in total assets. In 2024, it awarded 11 grants totaling $269K. Net investment income was $137K.
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 | $412,529 | $191,437 | $443,889 |
| Revenue | $676,618 | $13,519 | $510,054 |
| Expenses | $273,473 | $265,971 | $625,840 |
| Qualifying Distributions | $268,810 | $257,500 | $615,011 |
| Net Investment Income | $136,892 | $11,455 | $6,197 |
| Distributable Amount | $11,764 | $17,280 | $32,134 |
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
56 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Historic Arnold's Park ($64,010), Camp High Hopes ($50,000), Student Mobilization ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS AND GIRLS HOME & FAMILY SERVICES SIOUX CITY, IA | ASSISTANCE TO COMMUNITY | $5,000 |
| CAMP HIGH HOPES SIOUX CITY, IA | ASSISTANCE TO COMMUNITY ACTIVITIES | $50,000 |
| CHARITABLE FOUNDATION OF THE ISLANDS SANIBEL, FL | ASSISTANCE TO COMMUNITY | $10,000 |
| HISTORIC ARNOLD'S PARK ARNOLDS PARK, IA | ASSISTANCE TO COMMUNITY ACTIVITIES | $64,010 |
| SIOUX CITY PARKS & REC FOUNDATION INC SIOUX CITY, IA | ASSISTANCE TO COMMUNITY ACTIVITIES | $10,000 |
| SIOUX CITY SYMPHONY SIOUX CITY, IA | ASSISTANCE TO COMMUNITY ACTIVITIES | $10,000 |
| STUDENT MOBILIZATION CONWAY, AR | ASSISTANCE TO EDUCATION | $50,000 |
| UNITED WAY SIOUX CITY, IA | ASSISTANCE TO COMMUNITY ACTIVITIES | $12,500 |
| CHAPEL BY THE SEA CHERRY GROVE BEACH, SC | ASSISTANCE TO COMMUNITY ACTIVITIES | $25,000 |
| HOPE LUTHERAN CHURCH SOUTH SIOUX CITY, NE | ASSISTANCE TO COMMUNITY ACTIVITIES | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL L BENNETT | CHAIRPERSON | 2 | — |
| MARGIE BENNETT | VICE CHAIRPERSON | 2 | — |
| MARY WEAVER | SECRETARY | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Michael & Marjory Bennett?
Michael & Marjory Bennett is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SIOUX CITY, IA. It holds $413K in total assets as of 2024.
How large is Michael & Marjory Bennett?
As of 2024, Michael & Marjory Bennett holds $413K in total assets with $677K in annual revenue. It awarded 11 grants totaling $269K in 2024.
Where does Michael & Marjory Bennett operate?
Michael & Marjory Bennett has awarded grants in Arkansas, Florida, Iowa, Nebraska, South Carolina.
What size grants does Michael & Marjory Bennett award?
In 2024, Michael & Marjory Bennett awarded 11 grants totaling $269K — an average of about $24K per grant, based on its IRS Form 990 filings.
How much is Michael & Marjory Bennett required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael & Marjory Bennett reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michael & Marjory Bennett's EIN?
Michael & Marjory Bennett's EIN (Employer Identification Number) is 27-3630915. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.