Michael J Mungo Foundation
The Michael J Mungo Foundation is a private family foundation based in Irmo, South Carolina. Established in 2008, the foundation operates as a 501(c)(3) organization dedicated to philanthropic grantmaking in the Southeast.
Key facts about Michael J Mungo Foundation
- EIN
- 13-4203429
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,571,575
- Grants made (2024)
- 45
- Average grant
- $57,146
- Median grant
- $15,000
- New grantees (estimate)
- 31% first-time grantees (14 of 45, 2024)
- Total assets
- $34,382,816
- Primary geography
- South Carolina (90% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Michael J Mungo Foundation funds
By grant dollars, the top recipient states for Michael J Mungo Foundation's 45 itemized 2024 grants were South Carolina (90%) and North Carolina (10%). The most frequent recipient cities were Columbia, SC (28 grants), Irmo, SC (4 grants), Lexington, SC (3 grants) and Charlotte, NC (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is Michael J Mungo Foundation open to new grantees?
31%
first-time grantees, 2024
In 2024, 14 of 45 grantees (31%) were first-time recipients. First grants averaged $54K; repeat grants $58K. How we count
Medians: $11K first-time, $20K repeat.
- 67% of 2024 grantees were also funded in 2023. Method
- Giving grew 26% from 2021 to 2024. Method
- In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Michael J Mungo Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$34.4M
+3.7% YoY
Annual Giving
$2.6M
+18.3% YoY
Grant Count
45
-6.3% YoY
Avg Grant Size
$57K
+26.2% YoY
Under IRS private-foundation payout rules, Michael J Mungo Foundation reported a distributable amount of $2.6M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation focuses its grantmaking primarily in South Carolina and North Carolina.
Grantmaking
Average Grant
amount: varies by year
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in South Carolina and North Carolina.
Grant Distribution by State
Share of all 45 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $34,382,816
- Total giving: $2,571,575
- Total revenues: $5,188,984
- Total expenses: $2,991,130
- Investment income and dividends: $749,619
As of 2023:
- Total assets: $33.2 million
- Total revenues: $3.85 million
- Total expenses: $2.46 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $34,382,816 | $33,162,964 | $30,561,317 |
| Revenue | $5,188,984 | $3,853,205 | $3,059,453 |
| Expenses | $2,991,130 | $2,460,522 | $2,403,699 |
| Qualifying Distributions | $2,640,879 | $2,246,808 | $2,186,742 |
| Net Investment Income | $4,838,734 | $3,639,491 | $2,842,496 |
| Distributable Amount | $2,608,669 | $2,139,087 | $2,078,234 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
234 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Central Carolina Community Foundati ($500,000), USC Educational Foundation ($430,000), United Way of the Midlands ($360,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CENTRAL CAROLINA COMMUNITY FOUNDATI Columbia, SC | OPERATING COSTS | $500,000 |
| USC EDUCATIONAL FOUNDATION Columbia, SC | OPERATING COSTS | $430,000 |
| UNITED WAY OF THE MIDLANDS Columbia, SC | OPERATING COSTS | $360,000 |
| AMERICAN CANCER SOCIETY Charlotte, NC | OPERATING COSTS | $150,000 |
| HOMELESS NO MORE Columbia, SC | OPERATING COSTS | $135,000 |
| FREE MEDICAL CLINIC Columbia, SC | OPERATING COSTS | $125,000 |
| LEXINGTON MEDICAL CENTER FOUNDATION West Columbia, SC | OPERATING COSTS | $100,000 |
| SAMARITAN'S PURSE Boone, NC | OPERATING COSTS | $100,000 |
| PROVIDENCE HOME Columbia, SC | OPERATING COSTS | $75,000 |
| HAMMOND SCHOOL Columbia, SC | OPERATING COSTS | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- M Stewart Mungo – President and primary supporter
- Beth Deridder – Manager, Secretary, and Treasurer ($61,496 compensation, 2024)
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Robert C Clawson | Director | — | — |
| M Stewart Mungo | President | — | — |
| Steven W Mungo | Vice Preside | — | — |
| Elizabeth Deridder | MGR & Secret | 10 | $65,415 |
| Matthew Mungo | Director | — | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported significant community initiatives, including a $500,000 donation to United Way of the Midlands to fuel the expansion of the "Young Men United" program to Irmo High School. The foundation has also contributed to Families Helping Families, which reached its goal of helping 4,000 families with foundation support.
Michael J Mungo Foundation Inc - Full Filing - Nonprofit ExplorerContact Information
Address: 441 Western Ln, Irmo, SC 29063-9071
Phone: 803-414-7125
EIN: 13-4203429
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Michael J Mungo Foundation fund?
The foundation's primary funding interests include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation focuses its grantmaking primarily in South Carolina and North Carolina.
How do I apply for a grant from Michael J Mungo Foundation?
**Grant Activity:** • Made 68 grants in 2024 • Total giving in 2024: $2,571,575 • Typical award range: $250,000–$791,000 • Average grant amount: varies by year • Median grant amount: varies by year **Recent Grant Recipients (2024):** • United Way of the Midlands: $360,000 (Operating Costs) • Homeless No More: $135,000 (Operating Costs) • Free Medical Clinic: $125,000 (Operating Costs)
Where does Michael J Mungo Foundation make grants?
The foundation primarily funds organizations in South Carolina and North Carolina.
What size grants does Michael J Mungo Foundation award?
In 2024, Michael J Mungo Foundation awarded 45 grants totaling $2.6M — an average of about $57K per grant, based on its IRS Form 990 filings.
How much is Michael J Mungo Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael J Mungo Foundation reported a distributable amount of $2.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michael J Mungo Foundation's EIN?
Michael J Mungo Foundation's EIN (Employer Identification Number) is 13-4203429. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.