Skip to main content
Filing year 2024

MAG Mutual Foundation Inc

Wilmington, Delaware·EIN 46-2947580·NTEE T11 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$296k
Total assets
$5.3M
Total expenses
$354k
Reported officers
10

Reported officers (all unpaid)

No paid executives reported in 2024. MAG Mutual Foundation Inc reported 10 unpaid officers and board members on its 990-PF.

Board Member
Board Member
Board Member, Chairman, Pres
Board Member
Board Member
Sec
Board Member
Board Member
Board Member, Chairman, Pres
Chief Investmt Officer, Treas

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$321k

Itemized grants

29

Median grant

$15k

RecipientLocationPurposeAmount
MOREHOUSE SCHOOL OF MEDICINE INCATLANTA, GAScholarship Fund$45k
ACADEMY OF MEDICINE JACKSONVILLE FLORIDA INCJACKSONVILLE, FLDuval County Medical Society (DCMS) LifeBridge Physician Wellness Program$15k
ADVENTIST HEALTH SYSTEM-SUNBELT INCORLANDO, FLThe Center for Physician Wellbeing$15k
BERGEN VOLUNTEER MEDICAL INITIATIVE INCHACKENSACK, NJSupporting the Launch of a Second Free Healthcare Clinic for Working, Low-income, uninsured residents of Northern NJ$15k
CAPITAL MEDICAL SOCIETY FOUNDATION INCTALLAHASSEE, FLPhysician Wellness Program$15k
ESCAMBIA COUNTY MEDICAL SOCIETY FOUNDATION INCPENSACOLA, FLPhysicians Wellness Program$15k
GEORGIA PROFESSIONAL HEALTH PROGRAM INCATLANTA, GAGeneral & Unrestricted$15k
MACON VOLUNTEER CLINIC INCMACON, GAOperational Support for Free Medical Clinic$15k
MEDICAL SOCIETY OF VIRGINIA FOUNDATIONHENRICO, VASafeHaven Clinician Well-Being Program$15k
MUSLIM AMERICAN SOCIAL SERVICES INCJACKSONVILLE, FLFood as Medicine$15k
NORTH CAROLINA PHYSICANS HEALTH PROGRAM INCRALEIGH, NCPhysician Suicide Prevention Initiative$15k
ORLANDO HEALTH INCORLANDO, FLPhysician Wellness & Resilience Program$15k
PARKER FAMILY HEALTH CENTER INCRED BANK, NJParker Family Health Center General Operations Fund$15k
SANFORD CRISIS PREGNANCY CENTERSANFORD, FLExpansion of Medical Staff and Services$15k
STREETS 517 MINISTRIESLANSING, MIMental health and wellness programs$15k
THE DEE NORTON LOWCOUNTRY CHILDRENS CENTER INCCHARLESTON, SCCollaborative Community Response to Child Abuse$15k
TRIANGLE COMMUNITY FOUNDATIONDURHAM, NCNorth Carolina Diversity and Equity in Emergency Medicine Scholarship Fund$15k
WEST VIRGINIA HEALTH RIGHT INCCHARLESTON, WVWest Virginia Health Right Free and Charitable Care$15k
THOMAS JEFFERSON UNIVERSITYPHILADELPHIA, PAMAG Mutual Scholars of the McCorvey-Higginbotham Fund$5k
CHASTAIN HORSE PARK LTDATLANTA, GAGeneral & Unrestricted$3k
GOOD SAMARITAN HEALTH CENTER INCATLANTA, GAGeneral & Unrestricted$3k
MEDSHARE INTERNATIONALDECATUR, GAGeneral & Unrestricted$3k
BOYS AND GIRLS CLUBS OF THE CHATTAHOOCHEE VALLEY ICOLUMBUS, GAGeneral Program Support$1k
CAPITAL MEDICAL SOCIETY FOUNDATION INCTALLAHASSEE, FLGeneral & Unrestricted$1k
DISCOVERING MERCYLEHIGHTON, PAGeneral & Unrestricted$1k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

MAG Mutual Foundation Inc reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.8M
$169k
2023
$296k
$354k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Delaware

MAG Mutual Foundation Inc reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Delaware earns a median of $18,000.

25th percentile
$6k
Median
$18,000
75th percentile
$58k
90th percentile
$137k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 447 organizations across 447 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Delaware
FAQ

Common questions about MAG Mutual Foundation Inc

What are MAG Mutual Foundation Inc's revenue and expenses?

In 2024, MAG Mutual Foundation Inc reported $296k in total revenue and $354k in total expenses on its IRS Form 990.

Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.