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Gene Magleby Foundation is a private trust based in IDAHO FALLS, ID. The foundation received its IRS ruling in 2011. It holds total assets of $883K. Annual income is reported at $454K. Total assets have decreased from $1.5M in 2010 to $865K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Gene Magleby Foundation has made 4 grants totaling $245K, with a median grant of $62K. Annual giving has grown from $57K in 2020 to $128K in 2022. Individual grants have ranged from $57K to $64K, with an average award of $61K. Grant recipients are concentrated in Idaho. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Gene Magleby Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in ID.
Gene Magleby Foundation has distributed a total of $245K across 4 grants. The median grant size is $62K, with an average of $61K. Individual grants have ranged from $57K to $64K.
Gene Magleby Foundation typically selects its grantees rather than accepting unsolicited proposals.
Gene Magleby Foundation is headquartered in IDAHO FALLS, ID.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Russ Buckland | CO-TRUSTEE | $6K | $0 | $6K |
| Kathy Buckland | CO-TRUSTEE | $6K | $0 | $6K |
Total Giving
$91K
Total Assets
$865K
Fair Market Value
$1.2M
Net Worth
$865K
Grants Paid
$62K
Contributions
N/A
Net Investment Income
$15K
Distribution Amount
$66K
Total: $493K
Total Grants
4
Total Giving
$245K
Average Grant
$61K
Median Grant
$62K
Unique Recipients
1
Most Common Grant
$64K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Idaho State UniversityEDUCATIONAL | Pocatello, ID | $64K | 2022 |