The Mfg Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHTABULA, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $4.8M in total assets. In 2024, it awarded 7 grants totaling $124K. Net investment income was $215K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.8M
+11.5% YoY
Annual Giving
$124K
-61.7% YoY
Grant Count
7
-36.4% YoY
Avg Grant Size
$18K
-39.9% YoY
Under IRS private-foundation payout rules, The Mfg Foundation reported a distributable amount of $219K for 2024 — the minimum it must pay out in qualifying distributions.
About The Mfg Foundation
Based on IRS filings
The Mfg Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHTABULA, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $4.8M in total assets. In 2024, it awarded 7 grants totaling $124K. Net investment income was $215K.
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 | $4,849,254 | $4,348,412 | $4,228,834 |
| Revenue | $252,196 | $184,226 | $267,741 |
| Expenses | $164,823 | $363,192 | $305,209 |
| Qualifying Distributions | $123,525 | $322,720 | $259,124 |
| Net Investment Income | $215,498 | $147,776 | $228,947 |
| Distributable Amount | $219,235 | $214,070 | $238,183 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
69 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Saybrook Township ($30,000), Healthnetwork Foundation ($25,000), Ashtabula County Daycare Center ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CITY OF MORGANTON DEPARTMENT OF PUBLIC SAFETY MORGANTON, NC | TO PROVIDE PERSONAL PROTECTIVE EQUIPMENT FOR THE CITY'S FIREFIGHTERS. | $10,525 |
| FELLOWSHIP OF CHRISTIAN ATHLETES KANSAS CITY, MO | TO SUPPORT THE ORGANIZATION'S MISSION OF PROVIDING CHRISTIAN MINISTRY TO ATHLETES AND COACHES. | $10,000 |
| HEALTHNETWORK FOUNDATION CHAGRIN FALLS, OH | TO SUPPORT THE ORGANIZATION'S MISSION OF CONNECTING CEOS AND BUSINESS LEADERS WITH TOP HOSPITALS AND DOCTORS TO PROVIDE FAST ACCESS TO WORLD-CLASS CARE AND INCREASING PHILANTHROPIC FUNDING FOR MEDICAL RESEARCH. | $25,000 |
| AFTER SCHOOL DISCOVERY ASHTABULA, OH | TO SUPPORT THE ORGANIZATION'S MISSION OF SUPPORTING CHILDREN AND THEIR FAMILIES IN BECOMING LIFE LONG LEARNERS, PROMOTING ENRICHMENT OPPORTUNITIES, AND PROVIDING LEARNING INITIATIVES THAT STIMULATE YOUND MINDS. | $15,000 |
| ASHTABULA COUNTY DAYCARE CENTER ASHTABULA, OH | TO SUPPORT THE DAYCARE CENTER'S MISSION OF PROVIDING SAFE, NURTURING, HIGH QUALITY CHILD CARE FOR THE CHILDREN OF ASHTABULA COUNTY BY PROVIDING FUNDING TOWARDS THE RENOVATION OF A PLAYGROUND. | $25,000 |
| CONNEAUT POLICE K-9 FUND CONNEAUT, OH | TO SUPPORT THE ORGANIZATION'S MISSION OF PROVIDING TWO TRAINED AND EQUIPPED K-9S TO THE CONNEAUT POLICE DEPARTMENT. | $8,000 |
| SAYBROOK TOWNSHIP ASHTABULA, OH | TO SUPPORT THE TOWNSHIP'S PURCHASE OF A WATER RESCUE BOAT. | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD MORRISON | TRUSTEE | — | — |
| JOSEPH A COTMAN | TRUSTEE | — | — |
| NANCY S WARNER | TRUSTEE & PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Mfg Foundation?
The Mfg Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHTABULA, OH. It holds $4.8M in total assets as of 2024.
How large is The Mfg Foundation?
As of 2024, The Mfg Foundation holds $4.8M in total assets with $252K in annual revenue. It awarded 7 grants totaling $124K in 2024.
Where does The Mfg Foundation operate?
The Mfg Foundation has awarded grants in Alabama, California, Georgia, Missouri, North Carolina, Ohio, Pennsylvania, South Dakota, Texas.
What size grants does The Mfg Foundation award?
In 2024, The Mfg Foundation awarded 7 grants totaling $124K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is The Mfg Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mfg Foundation reported a distributable amount of $219K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mfg Foundation's EIN?
The Mfg Foundation's EIN (Employer Identification Number) is 34-1787987. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in The Mfg 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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