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Magistro Foundation Inc. is a private corporation based in PENNINGTON, NJ. The foundation received its IRS ruling in 2002. It holds total assets of $8.4M. Annual income is reported at $2.2M. Total assets have grown from $651K in 2011 to $8.2M in 2023. The foundation is governed by 9 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in California and Louisiana. According to available records, Magistro Foundation Inc. has made 58 grants totaling $2.8M, with a median grant of $20K. Annual giving has decreased from $2M in 2022 to $800K in 2023. Individual grants have ranged from $3K to $500K, with an average award of $48K. The foundation has supported 30 unique organizations. The foundation primarily supports organizations in California, Maryland, Virginia, which account for 59% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$25K
Average Grant
$53K
Largest Grant
$350K
Based on 18 grants from the most recent 990-PF filing.
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.
Magistro Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 58 grants. Its grantmaking reaches organizations primarily in CA, MD, VA.
Magistro Foundation Inc. has distributed a total of $2.8M across 58 grants. The median grant size is $20K, with an average of $48K. Individual grants have ranged from $3K to $500K.
Health and education.
Magistro Foundation Inc. is headquartered in PENNINGTON, NJ. While based in NJ, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kevin Simpson | TREASURER | $3K | $0 | $3K |
| Julia Baumgaertner | SECRETARY | $3K | $0 | $3K |
| Paulette Simpson | PRESIDENT | $0 | $0 | N/A |
| Maria Magistro-Sherry | DIRECTOR | $0 | $0 | N/A |
| Erica Simpson | DIRECTOR | $0 | $0 | N/A |
| Elise Magistro | DIRECTOR | $0 | $0 | N/A |
| Gabriel Baumgaertner | DIRECTOR | $0 | $0 | N/A |
| Ian Simpson | DIRECTOR | $0 | $0 | N/A |
| Michael Baumgaertner | DIRECTOR | $0 | $0 | N/A |
Total Giving
$839K
Total Assets
$8.2M
Fair Market Value
$8.2M
Net Worth
$8.2M
Grants Paid
$800K
Contributions
N/A
Net Investment Income
$467K
Distribution Amount
$390K
Total: N/A
Total Grants
58
Total Giving
$2.8M
Average Grant
$48K
Median Grant
$20K
Unique Recipients
30
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Cystinosis Research FoundationUNRESTRICTED GENERAL | Irvine, CA | $285K | 2023 |
| St Joseph'S SchoolUNRESTRICTED GENERAL | Upland, CA | $50K | 2023 |
| Foundation For Physical Therapy ResearchUNRESTRICTED GENERAL | Alexandria, VA | $50K | 2023 |
| Pomona Catholic High SchoolUNRESTRICTED GENERAL | Pomona, CA | $50K | 2023 |
| Bright ProspectUNRESTRICTED GENERAL | Pomona, CA | $40K | 2023 |
| Pomona Valley Hospital Medical Ctr FdnUNRESTRICTED GENERAL | Pomona, CA | $35K | 2023 |
| Arthur Ashe Institute For Urban HealthUNRESTRICTED GENERAL | Brooklyn, NY | $30K | 2023 |
| Pomona HopeUNRESTRICTED GENERAL | Pomona, CA | $30K | 2023 |
| Boys RepublicUNRESTRICTED GENERAL | Chino Hills, CA | $30K | 2023 |
| Holy Name Of Jesus SchoolUNRESTRICTED GENERAL | New Orleans, LA | $30K | 2023 |
| Smart Program - Schools Mentoring TeamUNRESTRICTED GENERAL | San Francisco, CA | $25K | 2023 |
| Cystinosis Research Network IncUNRESTRICTED GENERAL | Lake Forest, IL | $20K | 2023 |
| United Boys & Girls Clubs Of Gtr SantaUNRESTRICTED GENERAL | Santa Barbara, CA | $20K | 2023 |
| South Central Los Angeles Ministry ProjectUNRESTRICTED GENERAL | Los Angeles, CA | $20K | 2023 |
| Bartlett Regional Hospital FoundationUNRESTRICTED GENERAL | Juneau, AK | $10K | 2023 |
| St George'S Episcopal SchoolUNRESTRICTED GENERAL | New Orleans, LA | $10K | 2023 |
| American Friends Of LoveitalyUNRESTRICTED GENERAL | Washington, DC | $10K | 2023 |
| Juneau Community FoundationUNRESTRICTED GENERAL | Juneau, AK | $10K | 2023 |
| Santa Ynez Valley Botanic Garden FdnUNRESTRICTED GENERAL | Buellton, CA | $10K | 2023 |
| Faith Community Christian SchoolUNRESTRICTED GENERAL | Juneau, AK | $10K | 2023 |
| Lumen Christi High SchoolUNRESTRICTED GENERAL | Anchorage, AK | $10K | 2023 |
| National World War Ii MuseumUNRESTRICTED GENERAL | New Orleans, LA | $8K | 2023 |
| Juneau Mountain RescueUNRESTRICTED GENERAL | Juneau, AK | $5K | 2023 |
| Coastal Conservation AssociationUNRESTRICTED GENERAL | Houston, TX | $3K | 2023 |
| Epilepsy FoundationUNRESTRICTED GENERAL | Bowie, MD | $500K | 2022 |
| Swedish Medical Center FoundationUNRESTRICTED GENERAL | Seattle, WA | $50K | 2022 |
| Verbum Dei High SchoolUNRESTRICTED GENERAL | Los Angeles, CA | $20K | 2022 |
| S Ctl Lamp-Los Angeles Ministry ProjectUNRESTRICTED GENERAL | Los Angeles, CA | $20K | 2022 |
| San Lorenzo SeminaryUNRESTRICTED GENERAL | Santa Ynez, CA | $10K | 2022 |
| Daily Californian Education FoundationUNRESTRICTED GENERAL | Berkeley, CA | $10K | 2022 |