The Mgam Scholarship Foundation is a private foundation focused on Education, based in CHICAGO, IL. IRS filing data is available from 2021 through 2022. As of 2022, the organization holds $9K in total assets. In 2022, it made $7K in qualifying distributions.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
$9K
+33.0% YoY
Revenue
$9K
-34.0% YoY
Qualifying Distributions
$7K
+4.3% YoY
Expenses
$7K
-11.8% YoY
Under IRS private-foundation payout rules, The Mgam Scholarship Foundation reported a distributable amount of $452 for 2022 — the minimum it must pay out in qualifying distributions.
About The Mgam Scholarship Foundation
Based on IRS filings
The Mgam Scholarship Foundation is a private foundation focused on Education, based in CHICAGO, IL. IRS filing data is available from 2021 through 2022. As of 2022, the organization holds $9K in total assets. In 2022, it made $7K in qualifying distributions.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 |
|---|---|---|
| Total Assets | $9,184 | $6,907 |
| Revenue | $9,018 | $13,665 |
| Expenses | $6,741 | $7,646 |
| Qualifying Distributions | $6,741 | $6,460 |
| Net Investment Income | — | — |
| Distributable Amount | $452 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2022
Grant Size Distribution
0 grants across all recorded years
Open Grants
1 open opportunity from The Mgam Scholarship Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for 2022.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2022 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MELISSA D GREEN | PRESIDENT | 10 | — |
| ARIELLA MILLER | DIRECTOR | 5 | — |
| ALYSIA GREEN | DIRECTOR | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Mgam Scholarship Foundation?
The Mgam Scholarship Foundation is a private foundation focused on Education, based in CHICAGO, IL. It holds $9K in total assets as of 2022.
How large is The Mgam Scholarship Foundation?
As of 2022, The Mgam Scholarship Foundation holds $9K in total assets with $9K in annual revenue.
How much is The Mgam Scholarship Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, The Mgam Scholarship Foundation reported a distributable amount of $452 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mgam Scholarship Foundation's EIN?
The Mgam Scholarship Foundation's EIN (Employer Identification Number) is 86-2885706. IRS Form 990 filing data is available on this page for 2021–2022.
Explore Open Grants
Browse active grant opportunities in The Mgam Scholarship 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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