The Mahaffey Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDLAND, TX. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $971K in total assets. In 2024, it awarded 14 grants totaling $125K. Net investment income was $27K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$971K
-8.9% YoY
Annual Giving
$125K
-15.8% YoY
Grant Count
14
+16.7% YoY
Avg Grant Size
$9K
-27.8% YoY
Under IRS private-foundation payout rules, The Mahaffey Foundation reported a distributable amount of $53K for 2024 — the minimum it must pay out in qualifying distributions.
About The Mahaffey Foundation
Based on IRS filings
The Mahaffey Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDLAND, TX. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $971K in total assets. In 2024, it awarded 14 grants totaling $125K. Net investment income was $27K.
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 | $971,330 | $1,066,129 | $1,200,071 |
| Revenue | $45,268 | $34,169 | $2,333 |
| Expenses | $140,067 | $182,811 | $287,562 |
| Qualifying Distributions | $125,368 | $148,934 | $286,041 |
| Net Investment Income | $27,198 | $34,169 | $2,333 |
| Distributable Amount | $52,912 | $60,254 | $66,457 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include High Sky Children's Ranch ($37,379), Boys & Girls Club ($20,265), Bynum School ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HOLY CROSS CATHOLIC HIGH SCHOOL MIDLAND, TX | GENERAL OPERATING SUPPORT | $1,000 |
| OIL PATCH KIDS MIDLAND, TX | GENERAL OPERATING SUPPORT | $10,000 |
| AMERICAN CANCER SOCIETY ATLANTA, GA | DONATION | $9,500 |
| BOYS & GIRLS CLUB MIDLAND, TX | DONATION | $20,265 |
| BYNUM SCHOOL MIDLAND, TX | DONATION | $15,000 |
| HIGH SKY CHILDREN'S RANCH MIDLAND, TX | DONATION | $37,379 |
| ISLAND FOUNDATION-BETTERWORLD CORPUS CHRISTI, TX | DONATION | $1,500 |
| MIDLAND CHRISTIAN SCHOOL MIDLAND, TX | DONATION | $7,130 |
| MIDLAND COUNTY LIVESTOCK ASSOCIATIO MIDLAND, TX | DONATION | $5,000 |
| MIDLAND RAPE CRISIS CENTER MIDLAND, TX | DONATION | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CANDACE MAHAFFEY | DIRECTOR | — | — |
| MATT HEIDER | DIRECTOR | — | — |
| JOHN MAHAFFEY | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Mahaffey Foundation?
The Mahaffey Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDLAND, TX. It holds $971K in total assets as of 2024.
How large is The Mahaffey Foundation?
As of 2024, The Mahaffey Foundation holds $971K in total assets with $45K in annual revenue. It awarded 14 grants totaling $125K in 2024.
Where does The Mahaffey Foundation operate?
The Mahaffey Foundation has awarded grants in Georgia, Iowa, Illinois, Texas, Utah.
What size grants does The Mahaffey Foundation award?
In 2024, The Mahaffey Foundation awarded 14 grants totaling $125K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is The Mahaffey Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mahaffey Foundation reported a distributable amount of $53K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mahaffey Foundation's EIN?
The Mahaffey Foundation's EIN (Employer Identification Number) is 87-3996560. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in The Mahaffey Foundation'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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