Margaret M Walker Charitable Foundation

The Margaret M Walker Charitable Foundation is a private grantmaking foundation based in Youngstown, Ohio. It operates under the EIN 25-1790413.

History

The foundation was established in 1996, with a primary focus on philanthropy and grantmaking. It is classified under the National Taxonomy of Exempt Entities (NTEE) as a philanthropic organization.

Financial Overview

As of the latest available data, the foundation reported total assets of $2.92 million in 2023. Its revenue primarily came from dividends and sales of assets. In 2023, the foundation's revenue was approximately $129,000, with key sources being:

• Dividends: $73,800, accounting for 57.4% of total revenue.
• Sales of Assets: $45,083, contributing 35% to the total revenue.
• Interest Revenue: $9,789, which was 7.6% of the total revenue[1].

The foundation's expenses predominantly consisted of charitable disbursements, totaling $350,464 in 2023, which was 95.3% of its total expenses. Compensation of officers also amounted to $22,871, representing 6.2% of the expenses[1].

Grants and Programs

The foundation is actively involved in grantmaking activities, providing financial support to various causes. In 2023, it awarded grants amounting to approximately $342,000[4]. The foundation supports entities such as F.H. Buhl and other public and program support initiatives[3].

Tax Deductibility

Donations to the Margaret M Walker Charitable Foundation are tax deductible, providing an incentive for contributors to support its charitable endeavors[1].