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Magazzino Italian Art Foundation is a private trust based in NEW YORK, NY. The foundation received its IRS ruling in 2019. The principal officer is Eisner Advisory Group LLC. It holds total assets of $26.9M. Annual income is reported at $4.6M. Total assets have grown from $11.2M in 2019 to $26.9M in 2024. The foundation is governed by 4 officers and trustees. Magazzino italian art foundation is devoted to postwar and contemporary art. The foundation serves as a resource and offers an extensive library and archive of italian art. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. Grantmaking is concentrated in New York. According to available records, Magazzino Italian Art Foundation has made 26 grants totaling $37K, with a median grant of $500. Annual giving has decreased from $8K in 2020 to $2K in 2023. Grantmaking activity was highest in 2022 with $22K distributed across 12 grants. Individual grants have ranged from N/A to $6K, with an average award of $1K. The foundation has supported 16 unique organizations. Grants have been distributed to organizations in New York and District of Columbia. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$1K
Average Grant
$915
Largest Grant
$2K
Based on 5 grants from the most recent 990-PF filing.
Magazzino italian art foundation is devoted to postwar and contemporary art. The foundation serves as a resource and offers an extensive library and archive of italian art
Expenses: $2.7M
Magazzino italian art foundation is devoted to postwar and contemporary art. The foundation serves as a resource and offers an extensive library and archive of italian art. Based on available records, the foundation has funded 26 grants. Its grantmaking reaches organizations primarily in NY, DC.
Magazzino Italian Art Foundation has distributed a total of $37K across 26 grants. The median grant size is $500, with an average of $1K. Individual grants have ranged from N/A to $6K.
Magazzino Italian Art Foundation typically selects its grantees rather than accepting unsolicited proposals.
Magazzino Italian Art Foundation is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stella Spanu | TRUSTEE | $0 | $0 | N/A |
| Giorgio Spanu | TRUSTEE | $0 | $0 | N/A |
| Diana Schulte | SECRETARY/TREASURER | $0 | $0 | N/A |
| Nancy Olnick | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$26.9M
Fair Market Value
N/A
Net Worth
$25.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
26
Total Giving
$37K
Average Grant
$1K
Median Grant
$500
Unique Recipients
16
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Putnam County ReactGENERAL CHARITABLE PURPOSES | Holmes, NY | $500 | 2023 |
| Haldane Arts AllianceGENERAL CHARITABLE PURPOSES | Cold Spring, NY | $500 | 2023 |
| South Riverdale Little LeagueGENERAL CHARITABLE PURPOSES | Bronx, NY | $450 | 2023 |
| Marist CollegeGENERAL CHARITABLE PURPOSES | Poughkeepsie, NY | $250 | 2023 |
| Fondazione Ica MilanoSEE EXPENDITURE RESPONSIBILITY STATEMENT | Milano | $6K | 2022 |
| National Italian American FoundationGENERAL CHARITABLE PURPOSES | Washington, DC | $4K | 2022 |
| North Highlands Engine Company No 1GENERAL CHARITABLE PURPOSES | Cold Spring, NY | $1K | 2022 |
| Cold Spring Film SocietyGENERAL CHARITABLE PURPOSES | Cold Spring, NY | $500 | 2022 |
| CimaGENERAL CHARITABLE PURPOSES | New York, NY | $114 | 2022 |
| The Village Of Cold SpringGENERAL CHARITABLE PURPOSES | Cold Spring, NY | $2K | 2021 |
| Center For Italian Modern ArtGENERAL CHARITABLE PURPOSES | New York, NY | $1K | 2021 |
| New York State Sheriff'S AssociationGENERAL CHARITABLE PURPOSES | Albany, NY | N/A | 2021 |
| Fondazione La Quadriennale Di RomaGENERAL CHARITABLE PURPOSES (SEE EXPENDITURE RESPOSIBILITY ATTACHMENT). | Roma Rm | $6K | 2020 |
| Anneke ChanEDUCATIONAL SCHOLARSHIP | New York, NY | $1K | 2020 |
| Putnam History MuseumGENERAL CHARITABLE PURPOSES | Cold Spring, NY | $1K | 2020 |
| Rx Art IncGENERAL CHARITABLE PURPOSES | New York, NY | N/A | 2020 |