The Magnolia Foundation Inc
The Magnolia Foundation Inc is a private foundation based in Jacksonville, Florida. Its 2025 filing reports 12 charitable contributions totaling $55,890 to organizations in Florida, Minnesota, and Georgia.
The Magnolia Foundation Inc at a glance
In short: The Magnolia Foundation Inc gave $56K across 12 grants in 2025 (avg $5K), mostly in Florida. 42% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $55,890
- +8.1% vs 2024
- Grants made (2025)
- 12
- +33.3% vs 2024
- Average grant
- $4,658
- -18.9% vs 2024
- Median grant
- $4,750
- Total assets
- $980,485
- -5.4% vs 2024
- New grantees (estimate)
- 42% first-time grantees (5 of 12, 2025; small sample)
- Primary geography
- Florida (70% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Magnolia Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 9802-12 Baymeadows Rd Pmb 201, Jacksonville, FL 32256
Phone: (904) 642-9003
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Magnolia Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Mayo Clinic ($12K). Together the top 10 received $55K.
Grant Size Distribution
55 grants across all recorded years
The most common grant size was under $50K: 55 grants of 55 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 70% of grant dollars went to recipients in Florida, 21% to recipients in Minnesota, and 8% to recipients in Georgia.
Grant Distribution by State
Share of 2025 grant dollars across all 12 itemized grants.
Cities
Is The Magnolia Foundation Inc open to new grantees?
42%
first-time grantees, 2025
In 2025, 5 of 12 grantees (42%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $5K; repeat grants $5K. How we count
Medians: $5K first-time, $5K repeat.
- 42% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−14%). Method
- In 2025 it paid out 113% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $52K (2024) to $66K (2021). In 2025 it made 12 grants totaling $56K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mayo Clinic Rochester, MN | Charitable Contribution | $12,000 |
| Florida Theatre Jacksonville, FL | Charitable Contribution | $10,750 |
| The Episcopal School of Jacksonville Jacksonville, FL | Charitable Contribution | $10,000 |
| Jacksonville Symphony Orchestra Jacksonville, FL | Charitable Contribution | $5,500 |
| The Jim and Tabitha Furyk Foundation Inc Ponte Vedra Beach, FL | Charitable Contribution | $5,000 |
| Tom Coughlin Jay Fund Foundation Ponte Vedra Beach, FL | Charitable Contribution | $5,000 |
| Operation Appreciation Hiawassee, GA | Charitable Contribution | $4,500 |
| Depaul School of Ne Florida Jacksonville, FL | Charitable Contribution | $1,000 |
| Nemours Foundation Jacksonville, FL | Charitable Contribution | $840 |
| Wolfson Children's Hospital Jacksonville, FL | Charitable Contribution | $500 |
Ready to take the next step with The Magnolia Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $980,485 | $811 | $57,166 | $55,890 | 12 | $56,522 | $179 | $49,967 |
| 2024 | $1,036,840 | $863 | $51,700 | $51,700 | 9 | $51,700 | $863 | $52,646 |
| 2023 | $1,087,677 | $894 | $58,698 | $55,446 | 11 | $57,073 | — | $55,467 |
| 2022 | $1,145,481 | $195 | $65,027 | $65,000 | 8 | $65,000 | $168 | $58,470 |
| 2021 | $1,210,313 | $1,638 | $67,975 | $66,475 | 15 | $66,475 | $138 | $62,003 |
| 2020 | $1,276,650 | $3,805 | $63,750 | $61,000 | 11 | — | $1,055 | $63,958 |
Under IRS private-foundation payout rules, The Magnolia Foundation Inc reported a distributable amount of $50K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Grantmaking
In filing year 2025, the foundation made 12 grants totaling $55,890. Grants ranged from $300 to $12,000, with a median grant of $4,750. The largest grants included $12,000 to Mayo Clinic, $10,750 to Florida Theatre, $10,000 to The Episcopal School of Jacksonville, $5,500 to Jacksonville Symphony Orchestra, and $5,000 each to The Jim and Tabitha Furyk Foundation Inc and Tom Coughlin Jay Fund Foundation.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Elizabeth K Jennison as president, secretary, and treasurer; Wesley J Jennison, Caroline J DiQuisto, and Elizabeth S Romansky as trustees.
The Magnolia Foundation Inc is led by Elizabeth K. Jennison, President, Secretary & Treasurer since 2024 (on filings since 2020); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Elizabeth K. Jennison
President, Secretary & Treasurer
President, Secretary, Treasurer & Trustee → President, Secretary & Treasurer, 2024
On filings since 2020
1 hr/week
No compensation reported
Caroline J. Diquisto
Trustee
On filings since 2020
1 hr/week
No compensation reported
Wesley J. Jennison
Trustee
On filings since 2020
1 hr/week
No compensation reported
Elizabeth S. Romansky
Trustee
On filings since 2024
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Magnolia Foundation Inc
How much does The Magnolia Foundation Inc give each year?
The Magnolia Foundation Inc gave $56K across 12 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $52K across 9 grants.
What is The Magnolia Foundation Inc's typical grant size?
The Magnolia Foundation Inc's median grant in 2025 was $4,750, and its average grant was $4,658, across 12 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Magnolia Foundation Inc that year got $5K on average.
Where does The Magnolia Foundation Inc give grants?
The Magnolia Foundation Inc gives mostly in Florida: 70% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Minnesota (21%) and Georgia (8%). The most frequent recipient cities were Jacksonville, FL (8 grants) and Ponte Vedra Beach, FL (2 grants).
Who are The Magnolia Foundation Inc's largest grantees?
The Magnolia Foundation Inc's largest 2025 grantees include Mayo Clinic ($12,000), Florida Theatre ($10,750) and The Episcopal School of Jacksonville ($10,000), according to its 2025 IRS Form 990-PF. Together they received 59% of its itemized 2025 grant dollars.
How large is The Magnolia Foundation Inc?
The Magnolia Foundation Inc reported $980K in total assets on its 2025 IRS Form 990-PF. It paid out $57K in qualifying distributions that year, against a required minimum of $50K (roughly 5% of its investment assets).
How do I apply for a grant from The Magnolia Foundation Inc?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Does The Magnolia Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 6, 2023)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 5, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
Explore Open Grants
Browse active grant opportunities in The Magnolia Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
PGA Tour Inc
Ponte Vedra Beach, FL
PGA TOUR INC supports charities in tournament communities and national campaigns focused on well-being, youth, service, and access and opportunity, with past grants also addressing healthcare, education, disaster relief, food banks, military, and the environment. In 2024 it made 326 grants, with a median of $17,188 and a range of $5,120 to $5.94 million; funding was concentrated in Florida, Georgia, and Tennessee. The profile does not state whether it accepts unsolicited grant requests.
Assets
$3.9B
Grants
326
Total Given
$34.3M
The Community Foundation for Northeast Florida Inc
Jacksonville, FL
The Community Foundation for Northeast Florida supports neighborhood strengthening, nonprofit capacity, education, older adults, the arts, and other community needs, primarily in Baker, Clay, Duval, Nassau, Putnam, and St. Johns counties. Its 2024 grants had a median of $5,000, while its Program Support grants offer up to $25,000; eligible nonprofits may apply to competitive programs, but donor-advised funds do not accept applications.
Assets
$708.7M
Grants
2,470
Total Given
$78.0M
The Lastinger Family Foundation Inc
Ponte Vedra Beach, FL
The Lastinger Family Foundation funds historic and environmental preservation, cultural work, and children’s health, education, and well-being, with a focus on Florida and the South. Its 2025 grants ranged from $15,000 to $694,564, with a median of $55,000. It accepts unsolicited online requests, but is not taking new applications until January 2027.
Assets
$8.8M
Grants
10
Total Given
$1.7M
The Thomas M and Irene Kirbo
Jacksonville, FL
This Jacksonville-based foundation supports religious, educational, cultural, charitable, scientific, and literary organizations, including work in museums, health care, youth programs, scholarships, and poverty assistance. Its 2025 grants ranged from $2,000 to $125,000, with a median of $10,000, and went mainly to Florida and Georgia organizations, with a small number in Tennessee and North Carolina. The profile does not state whether it accepts unsolicited requests.
Assets
$50.0M
Grants
159
Total Given
$2.0M
Jacksonville Jaguars Foundation Inc
Jacksonville, FL
The Jacksonville Jaguars Foundation funds neighborhood revitalization, youth development, and programs supporting military members and veterans, including operating grants for local nonprofits. Its 2024 grants ranged from $500 to $200,000, with a median of $5,000; it focuses on Northeast Florida, especially Baker, Clay, Duval, Nassau, and St. Johns counties. It accepts unsolicited applications from registered 501(c)(3) organizations through three annual application cycles.
Assets
$156K
Grants
173
Total Given
$2.3M
Dubow Family Foundation Inc
Jacksonville Beach, FL
The Dubow Family Foundation supports Jewish and religious causes, education, arts, children’s health and services, medical care, and community services, primarily in Florida, with some grants elsewhere. In 2025, grants ranged from $258 to $300,250, with a median of $12,500. It does not accept unsolicited requests and gives only to preselected organizations.
Assets
$20.6M
Grants
49
Total Given
$1.6M
More similar funders
More Funders in Florida
Cite this profile
Grantable. (2026). The Magnolia Foundation Inc funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/the-magnolia-foundation-inc-morg_24dfa70cf2f04b649ae11487fbf69a00
BibTeX
@misc{grantable_263796931_2026,
author = {{Grantable}},
title = {{The Magnolia Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-magnolia-foundation-inc-morg_24dfa70cf2f04b649ae11487fbf69a00},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Magnolia Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The Magnolia Foundation Inc down — hundreds of funders to go?