Overview

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Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Maragin Health Foundation, established in 2022, is dedicated to advancing science and therapeutic development by collaborating with university labs to bridge the gap between scientific discovery and therapeutic validation. With an operating budget of $1.3 million and total revenue of $2.3 million for the 2023 filing year, the organization aims to achieve 20 academic collaborations, 30 programs, 50 published papers, and 5 proof-of-concept validations annually, without relying on venture capital or a single funder for more than 50% of its revenue. More information can be found on their website at mara.

Mission Statement

Started in 2022 with mission to make meaningful contribution to science and therapeutics development Maragin operates similar to a university lab and collaborates with other university labs aiming to bridge the gap between scientific discovery and validation of therapeutic approaches. Organization has a goal of 20 academic collaborations 30 programs 50 papers and 5 proof-of-concept validations per year. Once developed and validated the therapeutic programs will graduate and move onto big pharma for further development. There is no venture capital or investor in what Maragin does. Therefore Maragin works on programs based on scientific merits and can take economically risky approaches which are often necessary for ground-breaking discovery and development.
Revenues
$2.3M
Expenses
$1.3M
Net Income:
+$1M
Assets
$1.2M
Liabilities
$9.3K
Net Assets:
+$1.2M
Operating Budget
$1.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$45K
Largest grant received
$45K
H
Hua Tu
Board Member
V
Vickie Tu
Board Member

Frequently Asked Questions

What is Maragin Health Foundation’s budget?
In 2023, Maragin Health Foundation reported an annual operating budget of around $1.3 million. More detailed financial information is available to registered users.
What causes does Maragin Health Foundation support?
Maragin Health Foundation supports work in Science and Technology.
Where does Maragin Health Foundation operate?
Maragin Health Foundation is headquartered in Irving, TX.
Who funded Maragin Health Foundation recently?
In 2024, Maragin Health Foundation received grants from GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC, GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC, and GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC. More information on this organization’s funders is available to registered users.
What is the largest grant Maragin Health Foundation received in 2024?
The largest grant to Maragin Health Foundation in 2024 exceeds $45 thousand.