The Margarita & John Hennessy
The Margarita & John Hennessy is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 3 grants totaling $63K. Net investment income was $36K.
The Margarita & John Hennessy at a glance
In short: The Margarita & John Hennessy gave $63K across 3 grants in 2024 (avg $21K), top state Pennsylvania. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $63,000
- +4.0% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $21,000
- +4.0% vs 2023
- Median grant
- $20,000
- Total assets
- $1,085,403
- -4.1% vs 2023
- Primary geography
- Pennsylvania (48% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Margarita & John Hennessy funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was National Philanthropic Trust ($30K). Together the top 3 received $63K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 17 grants of 17 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How The Margarita & John Hennessy gives
- Giving grew 40% from 2021 to 2024. Method
- In 2024 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $45K (2021) to $69K (2022). In 2024 it made 3 grants totaling $63K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Philanthropic Trust Jenkintown, PA | General Support | $30,000 |
| American Museum of Natural History New York, NY | General Support | $20,000 |
| Garland Trust Association Inc New Haven, CT | General Support | $13,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,085,403 | $21,141 | $67,808 | $63,000 | 3 | $63,000 | $36,356 | $65,234 |
| 2023 | $1,132,070 | $45,981 | $70,415 | $60,598 | 3 | $66,823 | $36,414 | $60,165 |
| 2022 | $1,156,504 | $-3,322 | $75,519 | $68,730 | 3 | $68,730 | $25,169 | $61,015 |
| 2021 | $1,235,345 | $167,685 | $48,861 | $45,000 | 3 | $45,000 | $164,074 | $65,357 |
| 2020 | $1,116,521 | $16,384 | $68,322 | $53,725 | 5 | — | $21,134 | $58,972 |
Under IRS private-foundation payout rules, The Margarita & John Hennessy reported a distributable amount of $65K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Margarita & John Hennessy is led by James Rawlins, President on every filing since 2020; none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
James Rawlins
President
On filings since 2020
1 hr/week
No compensation reported
Miguel E. Hennessy
Chairman
On filings since 2020
1 hr/week
No compensation reported
John M. Hennessy
Director
On filings since 2020
1 hr/week
No compensation reported
Margarita Hennessy
Director
On filings since 2020
1 hr/week
No compensation reported
Alexandra Hennessy
Corporate Secretary
On filings since 2020
1 hr/week
No compensation reported
Cheryl Hader
Legal Secretary
On filings since 2020
1 hr/week
No compensation reported
Grace K. Hennessy
Treasurer
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 Margarita & John Hennessy
How much does The Margarita & John Hennessy give each year?
The Margarita & John Hennessy gave $63K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $61K across 3 grants.
What is The Margarita & John Hennessy's typical grant size?
The Margarita & John Hennessy's median grant in 2024 was $20,000, and its average grant was $21,000, across 3 grants on its 2024 IRS Form 990-PF.
Where does The Margarita & John Hennessy give grants?
The Margarita & John Hennessy's top state is Pennsylvania, with 48% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (32%) and Connecticut (21%).
Does The Margarita & John Hennessy give general operating support?
Yes: 100% of The Margarita & John Hennessy's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is The Margarita & John Hennessy?
The Margarita & John Hennessy reported $1.1M in total assets on its 2024 IRS Form 990-PF. It paid out $63K in qualifying distributions that year, against a required minimum of $65K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Margarita & John Hennessy's EIN?
The Margarita & John Hennessy's EIN (Employer Identification Number) is 13-3978602. 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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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