Magnolia Plantation Foundation
- Assets
- $2.8m
- Revenue
- $282.2k
- Investments
- $1.9m
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 05/1985
- Data as of
- 12/2021
- EIN
- 57-0789797
Organization Overview
Magnolia Plantation Foundation is located in Charleston, SC. The organization was established in 1985. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Plantation Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Magnolia Plantation Foundation generated $282.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $213.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Magnolia Plantation Foundation has awarded 403 individual grants totaling $913,331. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Drayton Hastie Jr Trustee | 0 | $0 | |
Taylor Nelson Trustee | 0 | $0 | |
Dylan S Nelson Trustee | 0 | $0 | |
Fernanda Moore Trustee | 0 | $0 | |
Winslow W Hastie Trustee | 0 | $0 | |
Nona H Valiunas Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $72,592 |
| Interest on Savings | $11 |
| Dividends & Interest | $50,392 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $130,618 |
| Capital Gain Net Income | $130,618 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28,597 |
| Total Revenue | $282,210 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $675 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $121 |
| Total operating and administrative expenses | $23,433 |
| Contributions, gifts, grants paid | $190,500 |
| Total expenses and disbursements | $213,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,226 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $101,189 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,223,045 |
| Net Land, buildings, and equipment | $180,747 |
| Other assets | $607,879 |
| Total assets | $2,821,560 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $605,475 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,830 |
| Total liabilities | $608,305 |
Grants Awarded
Over the last fiscal year, Magnolia Plantation Foundation has awarded $190,500 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
PIONEER WORKS PURPOSE: SUPPORT | $10,000 |
ARCHIBALD GRIMKE SCHOLARSHIP PURPOSE: SUPPORT | $10,000 |
Ladson, SC PURPOSE: SUPPORT | $10,000 |
FROM THE HEART PRODUCTIONS INC PURPOSE: SUPPORT | $10,000 |
CHARLESTON ANIMAL SOCIETY PURPOSE: SUPPORT | $9,000 |
FIRST STEP PURPOSE: SUPPORT | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Lynnwood Foundation Charlotte, NC | $21,387,443 | $5,860,754 |
Classical American Homes Preservation Trust Hillsborough, NC | $132,123,539 | $8,113,151 |
Historic Columbia Foundation Inc Columbia, SC | $4,152,863 | $4,740,908 |
Georgia Historical Society Savannah, GA | $30,611,121 | $5,575,417 |
Coastal Heritage Society Inc Savannah, GA | $3,223,503 | $3,680,449 |
Coastal Georgia Historical Society Inc St Simons Island, GA | $8,728,661 | $2,039,042 |
Preservation Society Of Charleston Charleston, SC | $9,215,770 | $2,455,681 |
The Historic Preservation Foundation Of North Carolina Inc Raleigh, NC | $8,996,688 | $1,472,217 |
Historic Westville Inc Columbus, GA | $12,453,096 | $665,726 |
Tybee Island Historical Society Inc Tybee Island, GA | $6,056,946 | $1,662,737 |
Tryon Palace Foundation Inc New Bern, NC | $6,143,805 | $1,856,143 |
South Carolina Historical Society Charleston, SC | $11,265,091 | $1,294,164 |