Mng Family Foundation
The MNG Family Foundation is a private foundation designated as a 501(c)(3) organization. The foundation is located in Solvang, California, though some sources reference a Chicago, Illinois location. It operates as a grantmaking foundation with no employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
+5.4% YoY
Annual Giving
$348K
-44.8% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$70K
-55.8% YoY
Under IRS private-foundation payout rules, Mng Family Foundation reported a distributable amount of $134K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds general charitable causes. Its primary NTEE code classification is T00: Philanthropy, Voluntarism, and Grantmaking Foundations: General.
Grantmaking
The foundation made eight grants in 2024, including:
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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
As of December 31, 2024:
- Total Assets: $2,435,094
- Total Revenues: $507,531
- Total Expenses: $383,729
- Number of Employees: 0
Revenue Breakdown (2024):
- Investment Income and Dividends: $87,093
- Net Gain from Sale of Non-Inventory Assets: $420,438
As of December 31, 2023:
- Total Assets: $2.31M
- Total Revenues: $160,638
- Total Expenses: $648,000
- Total Liabilities: $675,000
The foundation experienced significant revenue growth of 215.9% from 2023 to 2024, primarily driven by gains from asset sales.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,435,094 | $2,311,292 | $2,799,077 |
| Revenue | $507,531 | $160,638 | $877,707 |
| Expenses | $383,729 | $648,423 | $1,627,883 |
| Qualifying Distributions | $358,025 | $630,678 | $1,599,039 |
| Net Investment Income | $481,827 | $142,893 | $103,863 |
| Distributable Amount | $133,821 | $157,604 | $207,926 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include 10x Project Inc ($300,000), Charles Humphrey Keating Iv ($25,000), Edify ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 10X PROJECT INC ESCONDIDO, CA | GENERAL | $300,000 |
| THETA DELTA CHI INTERNATIONAL FRATERNITY BOSTON, MA | GENERAL | $3,000 |
| EDIFY SAN DIEGO, CA | GENERAL | $10,000 |
| SERVE OUR WILLING WARRIOR HAYMARKET, VA | GENERAL | $10,000 |
| CHARLES HUMPHREY KEATING IV CORONADO, CA | GENERAL | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GARRETT PAGON III | PRESIDENT, TREASURER, AND DIRECTOR | 2.5 | — |
| OMAR BALKISSOON | VICE-PRESIDENT AND DIRECTOR | 2.5 | — |
| AMANDA C PAGON | SECRETARY AND DIRECTOR | 2.5 | — |
Frequently Asked Questions
What does Mng Family Foundation fund?
The foundation primarily funds general charitable causes. Its primary NTEE code classification is T00: Philanthropy, Voluntarism, and Grantmaking Foundations: General.
How do I apply for a grant from Mng Family Foundation?
The foundation made eight grants in 2024, including: | Grantee | Grant Amount | Year | |---------|-------------|------| | Edify | $10,000 | 2024 | | Serve Our Willing Warriors | $10,000 | 2024 | Recent grant activity demonstrates support for diverse charitable organizations.
What size grants does Mng Family Foundation award?
In 2024, Mng Family Foundation awarded 5 grants totaling $348K — an average of about $70K per grant, based on its IRS Form 990 filings.
How much is Mng Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mng Family Foundation reported a distributable amount of $134K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mng Family Foundation's EIN?
Mng Family Foundation's EIN (Employer Identification Number) is 83-2024175. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Mng Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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