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Magnetar Capital Foundation is a private corporation based in EVANSTON, IL. The foundation received its IRS ruling in 2012. The principal officer is Allison Cochran Sr Acct. It holds total assets of $22K. Annual income is reported at $30K. Total assets have decreased from $300K in 2012 to $22K in 2024. The foundation is governed by 5 officers and trustees. Operation of an educational program called finedge, formerly known as magnetar youth academy. Finedge educates youth about the basics of personal finance and investing. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. The foundation primarily funds organizations in Illinois and New York. According to available records, Magnetar Capital Foundation has made 104 grants totaling $2.8M, with a median grant of $500. Individual grants have ranged from N/A to $1M, with an average award of $27K. The foundation has supported 51 unique organizations. The foundation primarily supports organizations in Illinois, New York, District of Columbia, which account for 67% of all grants. Grantmaking reaches organizations across 13 states. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$300
Average Grant
$24K
Largest Grant
$1.1M
Based on 49 grants from the most recent 990-PF filing.
Operation of an educational program called finedge, formerly known as magnetar youth academy. Finedge educates youth about the basics of personal finance and investing.
Expenses: $78K
Operation of an educational program called finedge, formerly known as magnetar youth academy. Finedge educates youth about the basics of personal finance and investing. Based on available records, the foundation has funded 104 grants. Its grantmaking reaches organizations primarily in IL, NY, DC.
Magnetar Capital Foundation has distributed a total of $2.8M across 104 grants. The median grant size is $500, with an average of $27K. Individual grants have ranged from N/A to $1M.
Magnetar Capital Foundation typically selects its grantees rather than accepting unsolicited proposals.
Magnetar Capital Foundation is headquartered in EVANSTON, IL. While based in IL, the foundation distributes grants to organizations across 13 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Alec N Litowitz | PRESIDENT, DIRECTOR | $0 | $0 | N/A |
| Barbara Bernstein | SECRETARY | $0 | $0 | N/A |
| Ross Laser | DIRECTOR | $0 | $0 | N/A |
| David Snyderman | DIRECTOR | $0 | $0 | N/A |
| Naomi Gunasekaran | TREASURER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$22K
Fair Market Value
N/A
Net Worth
N/A
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
104
Total Giving
$2.8M
Average Grant
$27K
Median Grant
$500
Unique Recipients
51
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Global GivingMatching Gifts - General Support | Washington, DC | $530 | 2022 |
| University Of ChicagoCOLLABORATION GRANTS - UNIVERSITY OF CHICAGO | Chicago, IL | $1M | 2022 |
| Financial Literacy And Education Foundation IncGeneral Support | Winnetka, IL | $331K | 2022 |
| Chicago Sky CaresCharity Donation - General Support | Chicago, IL | $20K | 2022 |
| Project Sunshine IncCharity Donation - General Support | New York, NY | $15K | 2022 |
| Brady Center To Prevent Gun ViolenceDonations - General Support | Washington, DC | $5K | 2022 |
| Youth & Opportunity United IncCharity Donation - General Support | Evanston, IL | $5K | 2022 |
| Evanston Chamber Of CommerceCharity Donation - General Support | Evanston, IL | $3K | 2022 |
| Evanston ScholarsCharity Donation - General Support | Evanston, IL | $3K | 2022 |
| The Association Frontotemporal DegenerationCharity Donation - General Support | King Of Prussia, PA | $2K | 2022 |
| World Central KitchenMatching Gifts - General Support | Washington, DC | $1K | 2022 |
| St Jude Children'S HospitalCharity Donation - General Support | New York, NY | $1K | 2022 |
| Greater Chicago Food DepositoryMatching Gifts - General Support | Chicago, IL | $1K | 2022 |
| Paws - ChicagoCharity Donation - General Support | Chicago, IL | $1K | 2022 |
| Save The ChildrenMatching Gifts - General Support | Fairfield, CT | $1K | 2022 |
| Northwestern UniversityMatching Gifts - General Support | Evanston, IL | $1K | 2022 |
| Success Academy - Launch FundDonations - General Support | New York, NY | $1K | 2022 |
| Urban Initiatives IncDonations - General Support | Chicago, IL | $1K | 2022 |
| United States Fund For UnicefMatching Gifts - General Support | New York, NY | $758 | 2022 |
| The Trevor ProjectMatching Gifts - General Support | Beverly Hills, CA | $500 | 2022 |
| American Heart AssociationCharity Donation - General Support | Dallas, TX | $500 | 2022 |
| Colorado Search And Rescue Association IncMatching Gifts - General Support | Denver, CO | $500 | 2022 |
| Connections For The HomelessMatching Gifts - General Support | Evanston, IL | $500 | 2022 |
| Freedom Service DogsMatching Gifts - General Support | Englewood, CO | $500 | 2022 |
| The National Federation Of The BlindCharity Donation - General Support | Baltimore, MD | $500 | 2022 |
| Parents Of Ps334Matching Gifts - General Support | New York, NY | $500 | 2022 |
| Kids Above AllMatching Gifts - General Support | Chicago, IL | $500 | 2022 |
| Harding AcademyMatching Gifts - General Support | Nashville, TN | $500 | 2022 |