The Michael and Mary Jo Fagert
The Michael and Mary Jo Fagert is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in YOUNGSTOWN, OH. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 5 grants totaling $89K. Net investment income was $39K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+5.7% YoY
Annual Giving
$89K
+152.9% YoY
Grant Count
5
+66.7% YoY
Avg Grant Size
$18K
+51.7% YoY
Under IRS private-foundation payout rules, The Michael and Mary Jo Fagert reported a distributable amount of $48K for 2024 — the minimum it must pay out in qualifying distributions.
About The Michael and Mary Jo Fagert
Based on IRS filings
The Michael and Mary Jo Fagert is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in YOUNGSTOWN, OH. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 5 grants totaling $89K. Net investment income was $39K.
Focus Areas
Ready to take the next step with The Michael and Mary Jo Fagert?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,086,632 | $1,027,798 | $902,031 |
| Revenue | $40,538 | $-33,308 | $2,630 |
| Expenses | $90,612 | $37,969 | $64,595 |
| Qualifying Distributions | $89,555 | $36,082 | $63,047 |
| Net Investment Income | $39,481 | $14,225 | $15,744 |
| Distributable Amount | $47,573 | $48,339 | $48,933 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Ohio State University ($50,000), Urusline High School Arts & Wellness Fund ($25,000), Akron Children's Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE OHIO STATE UNIVERSITY COLUMBUS, OH | LACROSSE STADIUM FUND | $50,000 |
| AKRON SUMMIT COMMUNITY PUBLIC LIBRARY AKRON, OH | GENERAL OPERATING FUND | $1,000 |
| CLOTHED IN STRENGTH POLAND, OH | GENERAL OPERATING FUND | $2,500 |
| AKRON CHILDREN'S FOUNDATION AKRON, OH | GENERAL OPERATING FUND | $10,000 |
| URUSLINE HIGH SCHOOL ARTS & WELLNESS FUND YOUNGSTOWN, OH | GENERAL OPERATING FUND | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL FAGERT | PRESIDENT | 2 | — |
| MARY JO | VICE PRESIDENT | 2 | — |
| MELANIE J PFAU | TRUSTEE | — | — |
| TIFFANY M SMITH | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Michael and Mary Jo Fagert?
The Michael and Mary Jo Fagert is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in YOUNGSTOWN, OH. It holds $1.1M in total assets as of 2024.
How large is The Michael and Mary Jo Fagert?
As of 2024, The Michael and Mary Jo Fagert holds $1.1M in total assets with $41K in annual revenue. It awarded 5 grants totaling $89K in 2024.
Where does The Michael and Mary Jo Fagert operate?
The Michael and Mary Jo Fagert has awarded grants in Ohio.
What size grants does The Michael and Mary Jo Fagert award?
In 2024, The Michael and Mary Jo Fagert awarded 5 grants totaling $89K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is The Michael and Mary Jo Fagert required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Michael and Mary Jo Fagert reported a distributable amount of $48K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Michael and Mary Jo Fagert's EIN?
The Michael and Mary Jo Fagert's EIN (Employer Identification Number) is 87-4013087. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in The Michael and Mary Jo Fagert's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Eqt Foundation
CANONSBURG, PA
Assets
$26.2M
Grants
367
Total Given
$6.3M
The Business of Good Foundation
ASHTABULA, OH
Assets
$12.8M
Grants
12
Total Given
$1.7M
D J and J N Knull Fund
PITTSBURGH, PA
Assets
$817K
Grants
1
Total Given
$44K
American Association for Dental Oral
ALEXANDRIA, VA
Assets
$11.1M
Grants
5
Total Given
$78K
Society of Family Planning
DENVER, CO
Assets
$39.8M
Grants
51
Total Given
$4.0M
M I Homes Foundation
COLUMBUS, OH
Assets
$2.1M
Grants
36
Total Given
$1.4M
Aws Foundation Incorporated
MIAMI, FL
Assets
$136.7M
Grants
16
Total Given
$434K
Community Foundation of the
YOUNGSTOWN, OH
Assets
$50.1M
Grants
133
Total Given
$3.6M
Drake Ray & Ruth Schol Fund Oag #05-368
COLUMBUS, OH
Assets
$279K
Grants
8
Total Given
$15K
American College of Veterinary
ENGLEWOOD, CO
Assets
$15.8M
Grants
7
Total Given
$122K
Jobsohio
COLUMBUS, OH
Assets
$1.4B
Grants
312
Total Given
$164.1M
The Harding-buller Foundation
WORTHINGTON, OH
Assets
$4.0M
Grants
10
Total Given
$56K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Michael and Mary Jo Fagert on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Michael and Mary Jo Fagert to a real strategy.