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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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