The Mahan Collection Foundation Inc
The Mahan Collection Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in Bernardsville, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.2M in total assets. In 2024, it made $1.3M in qualifying distributions. Net investment income was $85K.
Key facts about The Mahan Collection Foundation Inc
- EIN
- 22-3846170
- Latest 990 filing
- Form 990-PF, 2024
- Total assets
- $8,159,865
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.2M
+12.6% YoY
Revenue
$397K
-81.7% YoY
Qualifying Distributions
$1.3M
-6.0% YoY
Expenses
$722K
+6.2% YoY
Under IRS private-foundation payout rules, The Mahan Collection Foundation Inc reported a distributable amount of $345K for 2024 — the minimum it must pay out in qualifying distributions.
How The Mahan Collection Foundation Inc gives
- Giving grew 339% from 2020 to 2023. Method
- In 2024 it paid out 391% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $4K (2020) to $16K (2023). In 2023 it made 1 grant totaling $16K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,159,865 | $7,245,456 | $6,466,111 |
| Revenue | $396,502 | $2,161,042 | $1,352,251 |
| Expenses | $722,093 | $679,793 | $538,370 |
| Qualifying Distributions | $1,346,980 | $1,433,232 | $1,174,044 |
| Net Investment Income | $85,087 | $157,210 | $199,751 |
| Distributable Amount | $344,738 | $291,510 | $301,140 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The Mahan Collection Foundation Inc is led by Gary A. Mahan, President & Trustee on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Gary A. Mahan
President & Trustee
On filings since 2020
1 hr/week
No compensation reported
Robert Goldstein
V.p., Treasurer & Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Mahan Collection Foundation Inc
How large is The Mahan Collection Foundation Inc?
The Mahan Collection Foundation Inc reported $8.2M in total assets on its 2024 IRS Form 990-PF. It paid out $1.3M in qualifying distributions that year, against a required minimum of $345K (roughly 5% of its investment assets).
What is The Mahan Collection Foundation Inc?
The Mahan Collection Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in Bernardsville, NJ. It holds $8.2M in total assets as of 2024.
Where does The Mahan Collection Foundation Inc operate?
The Mahan Collection Foundation Inc has awarded grants in Florida, New Jersey.
What is The Mahan Collection Foundation Inc's EIN?
The Mahan Collection Foundation Inc's EIN (Employer Identification Number) is 22-3846170. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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