The Magnolia Foundation Inc
The Magnolia Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JACKSONVILLE, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 9 grants totaling $52K. Net investment income was $863.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
-4.7% YoY
Annual Giving
$52K
-6.8% YoY
Grant Count
9
-18.2% YoY
Avg Grant Size
$6K
+14.0% YoY
Under IRS private-foundation payout rules, The Magnolia Foundation Inc reported a distributable amount of $53K for 2024 — the minimum it must pay out in qualifying distributions.
About The Magnolia Foundation Inc
Based on IRS filings
The Magnolia Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JACKSONVILLE, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 9 grants totaling $52K. Net investment income was $863.
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 | $1,036,840 | $1,087,677 | $1,145,481 |
| Revenue | $863 | $894 | $195 |
| Expenses | $51,700 | $58,698 | $65,027 |
| Qualifying Distributions | $51,700 | $57,073 | $65,000 |
| Net Investment Income | $863 | — | $168 |
| Distributable Amount | $52,646 | $55,467 | $58,470 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Florida Theatre ($13,100), Jacksonville Symphony Orchestra ($11,100), The Episcopal School of Jacksonville ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FLAGLER COLLEGE ST AUGUSTINE, FL | CHARITABLE CONTRIBUTION | $3,500 |
| FLORIDA THEATRE JACKSONVILLE, FL | CHARITABLE CONTRIBUTION | $13,100 |
| JACKSONVILLE SYMPHONY ORCHESTRA JACKSONVILLE, FL | CHARITABLE CONTRIBUTION | $11,100 |
| THE EPISCOPAL SCHOOL OF JACKSONVILLE JACKSONVILLE, FL | CHARITABLE CONTRIBUTION | $10,000 |
| THE JIM AND TABITHA FURYK FOUNDATION INC PONTE VEDRA BEACH, FL | CHARITABLE CONTRIBUTION | $5,000 |
| YMCA OF FLORIDA'S FIRST COAST JACKSONVILLE, FL | CHARITABLE CONTRIBUTION | $1,500 |
| HERE TOMORROW NEPTUNE BEACH, FL | CHARITABLE CONTRIBUTION | $3,000 |
| NEMOURS FOUNDATION JACKSONVILLE, FL | CHARITABLE CONTRIBUTION | $2,000 |
| UNF GOLF FOUNDATION JACKSONVILLE, FL | CHARITABLE CONTRIBUTION | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ELIZABETH K JENNISON | PRES, SEC, TREAS | 1 | — |
| WESLEY J JENNISON | TRUSTEE | 1 | — |
| CAROLINE J DIQUISTO | TRUSTEE | 1 | — |
| ELIZABETH S ROMANSKY | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Magnolia Foundation Inc?
The Magnolia Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JACKSONVILLE, FL. It holds $1.0M in total assets as of 2024.
How large is The Magnolia Foundation Inc?
As of 2024, The Magnolia Foundation Inc holds $1.0M in total assets with $863 in annual revenue. It awarded 9 grants totaling $52K in 2024.
Where does The Magnolia Foundation Inc operate?
The Magnolia Foundation Inc has awarded grants in California, District of Columbia, Florida, North Carolina, Virginia.
What size grants does The Magnolia Foundation Inc award?
In 2024, The Magnolia Foundation Inc awarded 9 grants totaling $52K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Magnolia Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Magnolia Foundation Inc reported a distributable amount of $53K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Magnolia Foundation Inc's EIN?
The Magnolia Foundation Inc's EIN (Employer Identification Number) is 26-3796931. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Magnolia Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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