Milkon Foundation Inc
Milkon Foundation Inc is a private foundation, based in WEST COLUMBIA, SC. IRS filing data is available from 2020 through 2022. In 2022, it awarded 1 grants totaling $509K. Net investment income was $8K.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$509K
+747.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$509K
+747.5% YoY
Under IRS private-foundation payout rules, Milkon Foundation Inc reported a distributable amount of $14K for 2022 — the minimum it must pay out in qualifying distributions.
About Milkon Foundation Inc
Based on IRS filings
Milkon Foundation Inc is a private foundation, based in WEST COLUMBIA, SC. IRS filing data is available from 2020 through 2022. In 2022, it awarded 1 grants totaling $509K. Net investment income was $8K.
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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 | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | — | $490,789 | $539,462 |
| Revenue | $43,213 | $18,332 | $24,365 |
| Expenses | $511,459 | $67,005 | $63,807 |
| Qualifying Distributions | $508,512 | $60,000 | — |
| Net Investment Income | $8,069 | $16,555 | $17,005 |
| Distributable Amount | $13,891 | $28,276 | $29,021 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2022
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2022 grants, the largest include His International ($508,512).
| Recipient | Purpose | Amount |
|---|---|---|
| HIS INTERNATIONAL COLUMBIA, SC | GENERAL OPERATIONS | $508,512 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2022 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RONALD P CANNON | PRESIDENT | 1 | — |
| ROBERT J CANNON | VICE PRESIDENT | 1 | — |
| ANDREW TODD | TREASURER | 1 | — |
| ROBERT COOPER | SECRETARY | 1 | — |
Frequently Asked Questions
Where does Milkon Foundation Inc operate?
Milkon Foundation Inc has awarded grants in South Carolina.
What size grants does Milkon Foundation Inc award?
In 2022, Milkon Foundation Inc awarded 1 grants totaling $509K — an average of about $509K per grant, based on its IRS Form 990 filings.
How much is Milkon Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Milkon Foundation Inc reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Milkon Foundation Inc's EIN?
Milkon Foundation Inc's EIN (Employer Identification Number) is 59-2628783. IRS Form 990 filing data is available on this page for 2020–2022.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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