Midgett Margaret Fnd (rbc) is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DETROIT, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $223K in total assets. In 2024, it awarded 3 grants totaling $14K. Net investment income was $10K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$223K
-2.2% YoY
Annual Giving
$14K
-4.1% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$5K
-4.1% YoY
Under IRS private-foundation payout rules, Midgett Margaret Fnd (rbc) reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.
About Midgett Margaret Fnd (rbc)
Based on IRS filings
Midgett Margaret Fnd (rbc) is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DETROIT, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $223K in total assets. In 2024, it awarded 3 grants totaling $14K. Net investment income was $10K.
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 | $223,467 | $228,424 | $232,095 |
| Revenue | $16,354 | $17,717 | $4,917 |
| Expenses | $21,402 | $21,537 | $24,440 |
| Qualifying Distributions | $14,611 | $15,211 | $17,485 |
| Net Investment Income | $9,572 | $11,202 | $621 |
| Distributable Amount | $15,009 | $13,842 | $14,581 |
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
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Cancer Society ($4,737), American Foundation for Aids Research ($4,737), Nc Dept of Community Colleges ($4,737).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CANCER SOCIETY HAGERSTOWN, MD | SUPPORT FOR DAILY | $4,737 |
| AMERICAN FOUNDATION FOR AIDS RESEARCH NEW YORK, NY | SUPPORT FOR DAILY | $4,737 |
| NC DEPT OF COMMUNITY COLLEGES RALEIGH, NC | SUPPORT FOR DAILY | $4,737 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Midgett Margaret Fnd (rbc)?
Midgett Margaret Fnd (rbc) is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DETROIT, MI. It holds $223K in total assets as of 2024.
How large is Midgett Margaret Fnd (rbc)?
As of 2024, Midgett Margaret Fnd (rbc) holds $223K in total assets with $16K in annual revenue. It awarded 3 grants totaling $14K in 2024.
Where does Midgett Margaret Fnd (rbc) operate?
Midgett Margaret Fnd (rbc) has awarded grants in Maryland, North Carolina, New York, Oklahoma.
What size grants does Midgett Margaret Fnd (rbc) award?
In 2024, Midgett Margaret Fnd (rbc) awarded 3 grants totaling $14K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Midgett Margaret Fnd (rbc) required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Midgett Margaret Fnd (rbc) reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Midgett Margaret Fnd (rbc)'s EIN?
Midgett Margaret Fnd (rbc)'s EIN (Employer Identification Number) is 31-6648798. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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